Papers by Shafiu Ibrahim Abdullahi
European Journal of Theoretical and Applied Sciences , 2024
Around the world there is growing inflation since the emergence of COVID-19 and the start of Russ... more Around the world there is growing inflation since the emergence of COVID-19 and the start of Russia-Ukraine war. The COVID-19 has affected production of goods and services leading to scarcity around the world. Both Russia and Ukraine are very important in the supply of food and energy in the world. The start of war between the two countries has led to cut in the supply of food and energy around the world. This paper analyses the major determinants of inflation in Nigeria during the period 1989 to 2022. It employed cointegration analysis, granger causality test and correlation test for the analysis. It analysed the impacts of the following factors on inflation in Nigeria: money supply, foreign debt, interest rate, exchange rate, import, export, foreign direct investment (FDI) and government expenditure. The results of the study show that inflation in Nigeria during the period of the study is as a result of monetary and fiscal policies defects; especially government's interest rate and import policies. But, during the short run the main determinants of inflation have not much effect on inflation. In order to fight the menace of inflation in Nigeria, both the CBN and the ministry of finance must join hands to fight it. Only by coordination between monetary and fiscal authorities will the problem of inflation be controlled effectively.
Concepts, Cases, and Regulations in Financial Fraud and Corruption, 2023
Corruption is one of the main causes of inefficiency and poor productivity. This chapter looks at... more Corruption is one of the main causes of inefficiency and poor productivity. This chapter looks at the relationship between banking failure, corruption, financial development and economic growth in Nigeria during the period from 1989 to 2019. The work uses the Autoregressive Distributed Lag (ARDL) cointegration and Error correction model and the Granger causality test for the analysis of data. The results of the empirical analyses show a negative relationship between corruption and both financial development and economic growth. This shows that corruption is bad for both the financial sector and the economy. The result also shows that corruption is a good reason for causing bank failures in Nigeria. Hence, for financial development and economic growth, corruption must be reduced as much as possible if not eliminated. It is recommended to put the fight against all forms of corruption in Nigeria in top gear.
Journal of Humanities, Arts and Social Science, 2022
Production patterns around the world have been significantly affected by international trade. Hen... more Production patterns around the world have been significantly affected by international trade. Hence, countries have taken advantage of trade to produce for export what is not required by the domestic economy. This explains the large export dependence nature of some economies around the world. Global trade is associated with increase in worldwide standards of living because it sets in motion a worldwide division of labour and materials. This paper measures the factors that influence export in Nigeria. It measures the influence of factors such as exchange rate, inflation, interest, domestic saving, financial development, domestic credit to private sector, trade openness, per capita income, Foreign Direct Investment (FDI), gross capital formation, national debt, agricultural output, manufacturing, electricity supply, physical capital and government expenditure. The paper used ARDL Error Correction Model for the analysis of the data. Data was collected for the period 1989 to 2019. The results of the analysis show that saving, interest rate, domestic credit, trade openness, per capital income, agriculture and manufacturing are favorable to export in Nigeria. But, inflation, exchange rate, FDI and government expenditure are not favorable to export. The negative relationship with FDI may be as a result of the fact that most FDI coming to Nigeria are not going to the export sector. Government expenditure also may not be targeting the export sector, instead focusing on the domestic economy. The paper recommends that Nigerian government shall further support domestic saving to private sector, provide more credit to the export sector and adopt policies that boost trade openness. In addition, government shall further develop agricultural and manufacturing sectors that serve as the core of Nigerian export sector. Nigeria government shall very well manage such macroeconomic variables as interest rate, inflation and exchange rate to ensure that they are not harmful to export.
This paper studied portfolio-investments diversification, stock market linkage and negative integ... more This paper studied portfolio-investments diversification, stock market linkage and negative integration in Nigerian stock exchange. Like many other stock exchanges around the world, Nigerian stock exchange was devastated by the global financial crisis of 2008. That single crisis has changed the mode of operations of the market by affecting market capitalisation, efficiency and profit. Ten stock market indices are involved in this study, where the aim is to find out how Nigerian stock markets relate with counterparts around the world. The study covered the period from September 2009 to August 2016. The study used Generalised Impulse response function, Engel-Granger cointegration and Johansen cointegration analysis to measure integration between Nigerian stock exchange and selection of nine stock exchanges around the world. The results from cointegration analysis show lack of cointegration. This means despite globalisation Nigerian stock exchange is less integrated with the rest of th...
The significance of the Zakah institution to any Islamic economy, it links to financial viability... more The significance of the Zakah institution to any Islamic economy, it links to financial viability and economic progress has made it a must to modernize the sector to go in line with modern realities. Poor management of Zakah institutions has been described as detrimental to the efforts of these institutions to collect and disburse Zakah effectively. This paper looks at applications of mathematical and quantitative techniques with the view to achieving optimality and efficiency in business of collection and disbursement of Zakah. The mathematical applications tested are the techniques of contribution maximization, programming, and game theory. The potential applications of this field of mathematics to Zakah operations are vast. It calls for concerted efforts and focuses by researchers, policymakers and Islamic scholars on finding the most efficient way of deploying operation research techniques in the management of Zakah institutions.
Journal of Advanced Research in Economics and Administrative Sciences, 2020
Purpose: The main objective of this study is to examine the relationship between Nigerian Stock E... more Purpose: The main objective of this study is to examine the relationship between Nigerian Stock Exchange and Dubai stock exchange with the aim of finding out the direction of movements between their respective indices. Approach/Methodology/Design: The methodology adopted for the analysis is ARDL cointegration model and the Generalized Method of Moment (GMM). This is because of their known efficiency in detecting patterns between variables. Findings: The result of the short-run analysis using GMM shows that there is existence of short-run causality between the Dubai financial market (DFM) and the Nigerian stock exchange (NSE). Thus, for investors looking for short- run arbitrage opportunity between the markets, they shall look elsewhere. But, the result of bound testing has shown lack of cointegration between the two markets. This is a sign of existence of opportunities for portfolio diversification between Nigeria stock exchange and Dubai financial market, since the two markets are ...
Massive expansion of urban areas leads to land use/land cover (LULC) changes which significantly ... more Massive expansion of urban areas leads to land use/land cover (LULC) changes which significantly alter the hydrology of river basins. Yet, systematic and logical information on the spatio-temporal dynamics of urban LULC changes of African river basins, Kenya inclusive is scanty. This study established the spatiotemporal dynamics in urban LULC change in Nanyuki and Likii sub-catchments in the Upper Ewaso Ng'iro North River Basin from 1985-2018. This was achieved mainly using Landsat satellite images for 1985, 1995, 2008 and 2018, topographic, Open Street and urban plan maps. A pixel based supervised classification using Maximum Likelihood Algorithm and post-classification comparisons were used in the analysis. The study established eleven LULC types, seven of which were urban and four non-urban. In 1985, urban LULC types occupied a relatively small portion of 869Ha (3.4%) but continuously expanded in all directions. Residential LULC registered the highest overall change of 2176.2Ha (8.5%). Overall annual rate of urban LULC change was established at 0.42% with period 1995-2008 having the highest annual rate of 0.98%. These findings can be incorporated in urban spatial planning and in the assessment of the effect of the continuous urban land expansion on the river basin hydrology.
SSRN Electronic Journal, 2018
SSRN Electronic Journal, 2011
International Journal of Islamic Marketing and Branding, 2017
This paper studies the field of ethical advertising as it relates to Islamic business ethics with... more This paper studies the field of ethical advertising as it relates to Islamic business ethics with emphasis on applicability to Nigerian marketing and advertising. Nigeria has recently been recognised as one of the emerging markets for Islamic marketing services. Last year the total advertising market in Nigeria was estimated to be around $1 billion. The potential of Islamic branding services in Nigeria is enormous and untapped, taking into consideration the size of middle class Muslims. As interest in the field of business ethics grow, the role of Islamic business become prominent. This study critically analyses advertising industry. The paper adopted a quantitative method of research combining critical study approach with non-experimental research, using a questionnaire survey to gather data. Findings of the research show high potential for Islamic advertising. The study finds women less intolerable of fashion show and beauty contest as part of advertisement than men.
The paper look at the major business families in Kano such as Dangote, Dantata, Isyaka Rabiu
According to the recent ranking by the transparency international, a corruption watch dog, Nigeri... more According to the recent ranking by the transparency international, a corruption watch dog, Nigeria ranked at the bottom of the index. Corruption has become a feature and sort of hallmark to Nigeria. Since the returned to democracy in 1999 nothing has changed from the corrupt culture left by the military, if not the increases witness in its scope and dimensions. The military administration of General Ibrahim Badamasi Babangida (1985-1993) was accused among other things of stealing billions of dollars of extra revenue that accrued during the Gulf war of 1991, due to the high price of crude oil in the international market; not only that many analysts see Babangida as the person who formally institutionalized corruption as another pillar of government in Nigeria
Islamic Economic Studies, 2021
The purpose of the study is to measure cross-country stock market correlation and volatility tran... more The purpose of the study is to measure cross-country stock market correlation and volatility transmission during the global coronavirus disease 2019 (COVID-19) pandemic. The paper traces trajectory of Islamic equity investments in order to get insights on the behavior of the markets during the crisis.,The paper uses generalized method of moments (GMM), autoregressive distributed lag (ARDL) and multivariate GARCH (MGARCH) models for analysis of dynamic causality, stock market cointegration, correlation and volatility transmission between Islamic stock indices.,The result of normal correlation analysis on the share indices show the markets move together. The result of ARDL cointegration test shows the markets returns are cointegrated as a group. To further make sense of the data; the indices were grouped into four different categories, then cointegration tests were conducted. The results of the analysis show that the subgroups are cointegrated except the low COVID-19 subgroup. Based o...
Recently the phenomenon of jobless growth has become common, defying the famous Okun law which pr... more Recently the phenomenon of jobless growth has become common, defying the famous Okun law which predicted increase in job with increase in economic growth. Many factors have been advanced as explanations for this, most prominent of which are changes in the labour market and lopsidedness in economic growth. This paper is an attempt to measure labour market dynamics in Nigeria focusing on the relationship between economic growth and unemployment. The paper used data from 1991 to 2020 and employed GMM and ARDL models to analyze the data. Unlike the Okun law which prophesies negative relationship between unemployment and economic growth, the result from this analysis show that there is positive relationship between unemployment and economic growth, confirming the existence of the phenomenon of jobless growth in Nigeria. The paper recommended structural changes in the economy and the labour market.
An attempt is made here to look at the activities of the World Bank in poor countries. The World ... more An attempt is made here to look at the activities of the World Bank in poor countries. The World Bank is view in the developing countries as a monster, unsympathetic to the flight of the poor. It is observed in this paper that for the past few years the World Bank has been changing the course of it direction from one concern with economic growth to one concern with many things including issues of poverty alleviation, environmental protection, and fight against diseases. The paper is critical of the ways the Bank issues loan and it rigidity in selection of project. The paper conclusion is that the Bank need to continue moving in the direction of good governance and institutions in poor countries, grass-root development and be objective in it project selection.
The paper looks at the feasibility and benefits of introduction of Sukuk into the Nigerian capita... more The paper looks at the feasibility and benefits of introduction of Sukuk into the Nigerian capital market. The paper argues that Nigeria will gain a lot in term of economic and strategic advantages by using Sukuk as an alternative source of funding for government programs, running concurrently with the conventional bond instruments. A brief overview of the global Sukuk market was provided as well as a look at the Nigerian debt market.
Challenges and Impacts of Religious Endowments on Global Economics and Finance
Studies have been conducted focusing on the role of trust, integrity, and reputation on the image... more Studies have been conducted focusing on the role of trust, integrity, and reputation on the image and reputations of Islamic charities. But, these are not the only challenges faced by contemporary Waqf. While the world outside the Waqf institutions has changed, Awqaf are stuck in centuries-old procedures and management practices. This must change for Awqaf to be up to the challenges of modern world. This work focuses on proposing a mechanism that explains how possible it is for Awqaf to improve their image given their unique features and environment. The process through which Waqf improves its relationship with stakeholders such as donors, beneficiaries, and government is as important as other aspects of Waqf operation that have been traditionally covered by scholars. The methodology followed for conducting this work is mainly literature review and critical analysis of the state of Waqf in the Muslim world. Thus, the work is a deductive analysis in Islamic economics and marketing, b...
Virtual Economics
This study explores relationships between annual advertising expenditure and major macroeconomic ... more This study explores relationships between annual advertising expenditure and major macroeconomic variables in Nigeria. Advertising is sometimes viewed as a concern of business units only not worth being researched at macroeconomic level. This nature has been mostly studied on advertising industries in the advanced economies. Due to a lack of high frequency time series data on advertising expenditure in the developing economies, this work has been limited to an exploratory study using the multiple regression and correlation analysis. The study covers the period of 2001 to 2018. Its findings show that advertising has positive relationship with GDP and savings. This study provides further evidence on the cyclical nature of advertising that moves with the state of the economy. During the economic slowdown in the period of 2015 to 2017, Nigeria advertising expenditure continued to fall. In 2013, the period with the highest advertising revenue in the study, the ratio of advertising expend...
International Journal of Islamic Marketing and Branding
In the past two decades, there seem to be a burgeoning growth in the percentage of consumer credi... more In the past two decades, there seem to be a burgeoning growth in the percentage of consumer credits issued by Islamic banks to their clients. Non-financial Islamic firms are also not left behind in the issuance of consumer credit, taken into consideration the availability of various contract modes. A lot of the consumer finances issued by Islamic financial institutions ended up financing luxurious lifestyle of the rich Muslims' families while at the same time not providing much in the way of Qard Hasan (benevolence loan) to finance the business of the poor. Early contributors to Islamic economics envisaged a situation where profit and loss sharing (PLS) dominated Islamic financing but the practice of modern Islamic banking is short of that expectation. This work is an attempt to shade light on the links that exists between finance (credit availability), Muslims' consumption habits and firms' efforts to create market for their outputs.
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Papers by Shafiu Ibrahim Abdullahi
finance by means of comparative analysis. The theory and practices of corporate governance in Islamic finance is compared to that of conventional finance. The study compared data from financial statements of ten Islamic Banks during period of five years
(2005-2009). The study found that Islamic banks made more profits before the global financial crisis, then increase their equity after the crisis. The Z-Index used to measure risk-taking among the sampled Islamic banks shows that Islamic banks reduces their risk taking after the crisis.
Nigeria dependence on the black gold. The recession Nigeria found herself in 2016 was mainly
caused by the fall in the international price of crude oil. It is the same factor that also help to
explain Buhari government massive borrowings to help close the gap in government budget since
coming to power in 2015. Empirical and theoretical evidences have linked shocks in price of
primary products with macroeconomic imbalances. These external shocks are main sources of
economic volatility, affecting both private and public savings, in part because of their large
income effects. In the years since independence, Nigerian economy has changed from its largely agrarian
state of 1960s to an import depended mono-economy. Nigeria single most important export for
more than forty years has remain crude oil. But, in the period since independence various
economic models have been tested, as many as there were changes in governments. While the
adaptation of some of these economic programs were domestically inspired, others were forced
on Nigeria from the outside. Efforts to diversify Nigerian economy have been on the Nigerian government agenda since
1980s, but not much has been achieved. Despite the billions of Dollars in oil revenue, Nigerian
governments have failed to use the resources to develop other areas of the economy. This book covered almost all the main sectors of the Nigerian economy. The
book is encyclopedic in term of coverage of Nigerian business environment and potential threats
to ease of doing business. The structure of the book makes it easy for readers to browse through
it. Its chapters are grouped according to related themes in the Nigerian economy. The
bibliography section provided at the end of the book provide the reader with range of sources
for reference and further research.