Lecturer's Details

Ebele, Patricia Ifionu

Senior Lecturer

Banking and finance

NAME:                                                          Ebele, Patricia Ifionu (Nee Ebele Patricia Ugboma)

DESIGNATION(S):                                     Senior Lecturer in Finance and Banking

                                                                        Department of Finance and Banking,

Faculty of Management Sciences,

University of Port Harcourt.

        AREAS OF INTERESTS

Money and Banking, Monetary and Fiscal policy, Public Finance, Development Finance, Investment management, Financial System, Economic Theory, Econometrics and Bank management.

 

CONTACT ADDRESS:

OFFICE BLOCK/ADDRESS:                    Department of Finance and Banking

Faculty of Management Sciences

University of Port Harcourt

Rivers State, Nigeria

MOBILE:                                                      +234-8037244697/+234-7068809590

Email:                                                             ebeleazu@gmail.com and

ebele.ifionu@uniport.edu.ng

 

 

EDUCATIONAL INSTITUTIONS ATTENDED AND QUALIFICATION OBTAINED

 

2005:              Doctor of Philosophy (Ph.D.) in Financial Economics,

University of Port Harcourt.

1999:              Master of Science (M.Sc.) in Monetary Economics (Money and Banking)

with Distinction, University of Port Harcourt.

2012:              Master of Science (M.Sc.) in Finance and Banking

with Distinction, University of Port Harcourt.

2000:              Post Graduate Diploma in Theology (PGT) with Distinction

1992:              Bachelor of Science (B.Sc.Ed.) in Economics,University of Port Harcourt

With Second Class Upper Division

1982:              West African School Certificate Girl’s High School, Onitsha, Anambra State

 

PROFESSIONAL AFFILIATES

  • Fellow-Chartered Institute Of Investment And Financial Analyst(FCIFIA)
  • Full member- Nigerian Economic Society (NES).
  • Member- African Econometrics Society.
  • Member- International Academy of Business and Behavioral Sciences (IABBS)
  • Fellow-Chartered Economists of Nigeria (CEN)

Fellow- Institute of Industrial Administration of Nigeria (NIIA)

 

CONFERENCES AND WORKSHOPS

  • Workshop on “Enhanced Postgraduate Programme Competencies” organized by Postgraduate School of Ignatius Ajuru University of Education. March 16th, 2017 at IgnatiusAjuru University of Education Rumuolumeni, Port Harcourt, Rivers State, Nigeria.

 

  • Workshop on “Grant-Wining Proposal Writing” organized by Faculty of Management Sciences. May 10th -11, 2017 at Faculty of Management Sciences Post Graduate Hall, University of Port Harcourt, Choba, Rivers State, Nigeria.
  • A three day workshop on “ The Nigerian Universities Electronic Teaching and Learning platform” by Spectrum Engineering Limited, sponsored by TETfund, march 2nd to 4th , 2016 at ICTC University of Port Harcourt,Choba, Rivers State, Nigeria.
  • 2ND National Conference of Educators in Banking and Finance in Nigeria: “The Dynamics of Stabilizing the Nigerian Economy Through Banking and Finance Education” by the Chartered Institute of Bankers of Nigeria (CIBN) in collaboration with the National Universities Commission (NUC) and National Board for Technical Education (NBTE). April 28-29, 2016 at International Conference centre, University of Ibadan, Ibadan, Oyo State,
  • A three day conference on Research Methods, Econometrics and Finametrics modeling and estimation using E-views and Microfit Software by IABBS on 13th to 15th August 2015 at Aldgate Congress Hotel Port Harcourt. Rivers State, Nigeria.
  • Conference on Emerging Financial/Investment Markets: Nigeria And Beyond organized by Chartered Institute of Investment And Financial Analyst, November 29th,2014 at Nicon Hilton, Abuja
  • Ifionu, E.P. and Nnamdi, K.C. (2013): “Exchange Rate Volatility and Exchange Rate Uncertainty in Nigeria: A paper presented at the 18th Annual Conference organized by the African Econometric Society at the Royale Hotel, Accra, Ghana, 25th – 27th
  • Ifionu E.P. and Nnamdi, K.C. (2012): “The Effectiveness of Economic Policies on Economic Growth and Development in Nigeria”, A Paper presented at the 17th annual conference organized by the African Econometrics Society at the Imperial Royale Hotel, kampala, Uganda, 25th-27th
  • A two day training workshop on Nigeria Open Budget survey 2011 organized by CIRDDOC NIG IN COLLABORATION with International Budget Partnership (IBP) Washington D.C. sponsored by UNICEF, march 28 -29, 2011 at Roban Hotels Ltd Enugu.
  • Nwanekezie A.U. and Ifionu E.P. (2010). Social cultural factors and Female Education. A case of Oru- east Local Government Area. A paper presented at the 2nd National Conference of International Association of gender Equality ( IAFGE) on 19th -22nd April, 2010 at EbitimiBanigo Hall, Uniport.
  • Ifionu E.P and Ogbuagu A. (2008). “Women And The Economy InAfrica” paper presented in 1st interdisciplinary colloquium on Gender, Culture and Human Development, by NAWAS Uniport Chapter.

Theme:  Woman and the Millennium Development Goals in Africa.EbitimiBanigo Auditorium uniport 4th -7th March 2008.

  • Ifionu E.P and Onyeagu, A.N. (2008).“Rural Energy Poverty In Developing Countries Implication For Gender”. 1st international Conference on Energy Crisis in Nigeria; Enemy within or conspiracy theory Uzoka Hall faculty of social sciences NnamdiAzikiwe University, AwkaMarch 2008.
  • Ifionu E.P. and Nsirim N. E. (2006). “Domestic Tiger, Public Lamb: The Crises Of Gender Equality In National Development”. 2nd international conference of the Transatlantic Research Group. In Association.

Theme: Gendering Global Transformation: Gender, Globalization and Transformation in Africa and the African Diaspora.AlvanIkokuCollege of Education,Owerri 28-30th July 2006.

AWARDS AND HONOURS

  1. Best morally Behaved Student in Girl’s High School Onitsha, 1982 (Honour Conferred on me by the School Management)
  2. Most Honest and Dedicated Teacher in Girls Secondary School, Oraifite. (Where I was given a golden cup as a leader of the House that took first position in 1997 Interhouse competition).
  • Best Graduating Student in Redeemed Bible College, (2000 set).
  1. Prayer Matron of the Department, by Association of Department of Finance and Banking students (NABAFS), University of Port Harcourt Chapter 2011.
  2. Meritorious Award by RCCG, Dominion Mega as The Pioneer Area Pastor, November 14th
  3. Award as an Active Mother by Presbyterian Church of Rumuopirikom, Port Harcourt (Where I officiated as Guest Minister). March 12th
  • Senior Pastor/Pastor in-charge of Zone Redeemed Christian Church.
  • Patron Redeemed Christian Fellowship (RCF) University of Port Harcourt 2011 to date.

 

WORK EXPERIENCE

  1. 2013 to Date: Senior Lecturer

Department of Finance and Banking,

University of Port Harcourt.

  1. 2015 to Sep. 2016:           Adjunct, Senior Lecturer

Department of Accounting,

Faculty of Management Sciences

Ignatus Ajuru University of Education,

St John’s Campus, Port Harcourt.

  • Jan 2010 to 2013:           Lecturer I

Department of Finance and Banking,

University of Port Harcourt.

  1. 2009 to Jan. 2010:           Lecturer I

Department of Economics,

NnamdiAzikiwe University

Awka, Anambra state.

  1. 2005 to Oct. 2009:           Lecturer II

Department of Economics,

NnamdiAzikiwe University

Awka, Anambra state.

  1. 2004 – 2005: Teaching/ Research Assistant

Department of Economics,

University of Port Harcourt.

  • 2000 – :                               Part Time Lecturer

Post-NCE Unit,

University of Port Harcourt.

  • 1992 – 1993:           National Youth Service Corp (NYSC)

Girls’ Secondary School,

Oraifite, Anambra, State.

 

PROFESSIONAL EXPERIENCE

2017 to date:    Editor in Chief

Nigerian Journal of Financial Research (NJOFIR)

2013 – 2016:    Associate Editor

Nigerian Journal of Financial Research (NJOFIR)

2010 – 2013:    Member, Editorial Board,

Nigerian Journal of Financial Research (NJOFIR)

2016 to Date:    Member, Editorial Board,

West African Journal of Business and Management Sciences,

Faculty of Business Administration, Imo State University,

Owerri, Nigeria.

2016 to Date:    Member, Editorial Board,

Unihez Journal of Management & Social Sciences.

Umudim, Imo State, Nigeria.

2006 to Date:    Supervised over 250 Undergraduate and Graduate Projects.

 

OTHER ACTIVITIES IN THE UNIVERSITY OUTSIDE TEACHING AND RESEARCH COMMITMENTS (E.G. MEMBERSHIP OF COMMITTEES, ADMINISTRATIVE RESPONSIBILITIES HELD ETC.)

Jan, 2017 to date:                  Ag. Head of Department,

Department of Finance and Banking

Faculty of Management Sciences,

                                                University of Port Harcourt.

Jan. 2017 to Date:                  Member of Senate

Jan 2015 to Jan. 2017:                    Coordinator, ACIB/B.Sc. Linkage

Programme,

Department of Finance and Banking

Faculty of Management Sciences,

                                                University of Port Harcourt.

Oct. 2014 to Oct. 2016:          Member, Welfare Committee

Faculty of Management Sciences.

2014 – 2015:                           Member, Task Force on Graduate

Programme,

Faculty of Management Sciences.

2013 – 2015:                           Academic Staff Adviser

2011 – 2015:                           Chairperson, Departmental Welfare

Committee.

2015:                                       Chairman, committee on Review of

Curriculum of the ACIB/B.Sc. Linkage

Programme and Propose Academic

Programme for the Professional Master’s

Degree in Finance and Banking (MFB)

Jan.2015 to Jan 2017:           Secretary, ACIB/B.Sc. Linkage Committee

Jan. 2017 to Date:                  Member ACIB/B.Sc. Linkage Committee

University of Port Harcourt.

 

SERVICE TO THE PUBLIC

  • Senior Pastor, Redeemed Christian Church of God, Rivers Province.
  • Member, Obosi Believers Association.
  • Financial Advisor, African Programs, Alpha Zomax Consultants, Inc., Chicago, USA. 2015-Date.
  • Research Consultant/Coordinator, Open Budget Survey 2011 covering Rivers State as one of the pilot states, Organized by International Budget Partnership (IBP), Washington D.C. in collaboration with CIRDDOC Nigeria sponsored by UNICEF.

 

RESEARCH/PUBLICATIONS

  1. Dissertations:

(i)   M.Sc. (Economics) Thesis; Foreign Private Investment and Nigerian’s Economics Growth: The Case of Manufacturing Sector, 1970-1996

(ii)  Ph.D. Dissertation. An Investigation of the Determinants of Investment Behavior in Nigeria’s manufacturing sector, 1970-2000.

(iii) M.Sc. (Finance & Banking) Thesis. Banks’ Financial Intermediation: Implication for Economic Growth in Nigeria, 1970-2010.

 

EDITORSHIP OF ACADEMIC JOURNALS:

Associate Editor, Nigerian Journal of Financial Research (Published by Department of Finance and Banking, University of Port Harcourt), 2014 to date.

 

ACADEMIC PUBLICATIONS

  1. Publications in Journal Articles
  2. Publications in International Journals
  • Ifionu, E.P&Akinpelumi O. F. (2017). The Role of Entrepreneurial Financing on National Output: An Empirical Analysis. African Research Review on International Multidisciplinary Journal, Ethiopia, Vol 11 (3), Serial No. 47, 162-177, JULY, 2017:Ethiopia, afrrevjo.net ISSN 1994-9057 (Print) ISSN 2070-0083 (Online).
  • Ifionu, E.P. &Theophilus B. (2016). International Trade Policies and Performance Index in an Emerging Economy. Reiko International Journal of Social and Economic Research.Vol.10. No.2A, December 2016, Pp 11-28, MaryLand, U.S.A.reikojournals.net ISSN: 2211-1802.
  • Ifionu, E.P&Olieh G. (2016). A Decade of Microfinance Banks’ Operation and Economic Development in Nigeria. Research Journal OF Finance and Accounting.Vol.7, No. 5,Pp. 152-161.New York, United States/London, United Kingdom.iiste.org. ISSN: 2222-1697 (print);ISSN: 2222-2847 (online).
  • Ifionu, E.P&Keremah, S.C (2016). Bank Reforms and Deposit Money Banks Performance: Evidence from Nigeria. European Journal of Business and Management, Vol.8, No. 7,Pp. 136-152. New York, United States/London, United Kingdom.iiste.orgISSN: 2222-1905 (print);ISSN: 2222-2839 (online)
  • Ifionu, E.P&Ibeh R. (2015). Financial Dualism, the informal sector and Economic Growth: An Econometric Investigation of the Nigerian Evidence. International Journal of Empirical Finance. Vol. 4, No 7, 2015, Pp 467 – USA. www.rassweb.com.
  • Eketu, C. &Ifionu, E.P. (2015). Firms’ Collaborative Behaviour and Enterprise Resilience in Nigerian Banks. International Journal of Business and Management, IJBM” Journal VOL.3.Issue 9.September.2015.IAU, Irantheijbm.com. ISSN 2321-8916
  • Ifionu, E.P&Akinpelumi, O. F. (2015). Macroeconomic Variables and Money Supply: Evidence from Nigeria. African Research Review on International Multidisciplinary Journal, Ethiopia, Vol 9 (4).Pp 288-307, Sept 2015.Ethiopia, afrrevjo.netISSN 1994-9057 (Print) ISSN 2070-0083 (Online).
  • Ogbuagu, A.R&Ifionu, E.P. (2015).Causality between Capital Flow, Human Capital Development and Economic Growth: A Case of Nigeria. International Journal of Financial Research,Vol 6. No3. July 10, 2015,Sciedu Press, Canada,http//ijfr.sciedupress.com ISSN: 1923-4023(Print) ISSN: 1923-4031 (Online).
  • Ifionu, E.P&Ibeh, R. (2015): Inflation, Interest Rate, Real Gross Domestic Product and stock Prices on the Nigerian Stock Exchange: A Post SAP Impact Analysis.Research Journal of Finance and Accounting, 6, No.14, 2015, New York, United States/London, United Kingdom.www.iiste.org. ISSN 2222-1697 (Paper) ISSN 2222-2847 (Online).
  • Ifionu, E.P.&Nnamdi, K.C. (2014).The Effectiveness Of Economic Policies On Economic Growth And Development Of Nigeria.South Asian Academic Journal On Banking And Insurance Research(SJBIR).Vol.2,Issue 6,November 2014. Harana, India,saarj.com. ISSN: 2319-1422.
  • Ifionu, E.P&Nteegah, A. (2013). Investment in Education and Economic Growth in Nigeria (1981-2012) West African Journal of Industrial & Academic Research, IISTRD,9 No1 Pp. 141-157, December 2013.USAwww.wajiaredu.com. ISSN: 2276-9129.
  • Ifionu, E.P&Omojefe, G.O. (2013).The Capital Market and Performance of The Nigerian Economy: A Time Series Analysis. West African Journal of Industrial & Academic Research, IISTRD,8. No1,September, 2013.USAwww.wajiaredu.com.ISSN: 2276-9129.
  • Ifionu, E.P&Nnamd,i K.C. (2013). Exchange Rate Volatility and Exchange Rate Uncertainty in Nigeria: A Financial Econometric Analysis (1970-2012) Asian Academic Research Journal of Social Science & Humanities (AARTSH)1 issue 13 July, 2013.India,www.asainacademicresearch.org. ISSN: 2278-859X.
  • Ifionu, E.P. &Ogbuagu, A.R. (2013). “Privatization and Economic Performance: Evidence from Nigeria (1990- 2010),” African Research Review on International Multidisciplinary Journal, Ethiopia, 7 (2), Serial No. 29, Pp 16-43. Ethiopia,www.afrrevjo.com. ISSN: 1994-9057 (Print);ISSN: 2070-0083 (Online)
  • Okereke, E.J. &Ifionu, E.P. (2013). Financial Intermediation and the Nigerian Economy: A Time Series Analysis, West African Journal of Industrial and Academic Research, IISTRD, 6., No. 1, March 31.USAwww.wajiaredu.com.ISSN: 2276-9129.
  1. ii) Publications in National Journals
  • Ifionu, E.P. &Muotoh, I. (2017). Financial Sector Liquidity and Performance Assessment: Evidence from the Nigerian Deposit Money Banks. Unihez Social and Policy Journal .Vol.8. No.2, March 2017, Pp 58-75, Hezekiah University IshialaUmudi, Imo State, Nigeria. www.unihezjournals.org. ISSN: 977-36966.
  • Ifionu, E.P.&Cookey, U. C. (2017). Macroeconomic variables and Foreign Direct Investment in Nigeria. FUO Journal of Business and Finance Directorate of Entrepreneurship .Vol.7. No.1, March 2017, Pp 113-126, Federal University, Otuoke, Bayelsa State, Nigeria .www.fuojournals.org. ISSN: 178-87722.
  • Ifionu, E.P.&Anwana, C. (2017).Impact of Monetary and Fiscal Policies on Nigeria’s Economic Growth: Empirical Analysis .FUO Journal of Business and Finance Directorate of Entrepreneurship.Vol.7. No.1, March 2017, Pp 56-78, Federal University, Otuoke, Bayelsa State, Nigeria.www.fuojournals.org. ISSN: 178-87722.
  • Ifionu, E.P.&Akinpelumi, O.F. (2016) Empirical Review of Aggregate Stock Prices and Exchange Rate in Nigeria. University of Port Harcourt Journal of Accounting and Business.3. No.1, March 2016, Pp 259-277, Choba, Port Harcourt, Nigeria.www.uniportjab.ocrg. ISSN: 979-52334.
  • Ifionu, E.P. &Keremah, S.C. (2016) Cashless Policy and Financial Development In Nigeria. University of Port Harcourt Journal of Accounting and Business. 3. No.1, March 2016, Pp 215-233.Choba, Port Harcourt, Nigeria.www.uniportjab.org. ISSN: 979-52334.
  • Ifionu, E.P.&Ihemeje, J.C. (2016) Analysis of Dividend Policy As a Strategic Tool For Profit Performance In Nigerian Organizations.Hezekiah University Journal of Management & Social Sciences. 3.No.2, March 2016. Pp 285 – 304.Umudim Imo State, Nigeria. ISSN: 979-41323.
  • Ifionu, E.P&Akinpelumi O.F. (2016) Money Market and Economic Performance in Nigeria.Hezekiah University Journal of Management & Social Sciences. 3.No.2, March 2016. Pp 251 – 270.Umudim Imo State, Nigeria. ISSN: 979-41323.
  • Ifionu, E.P (2016) The Impact of Merger and Acquisition on Banks Performance in Nigeria.West African Journal of Business and Management Sciences.5, No.1, March 2016. Pp 139– 158.Imo State University, Owerri, www.imsubiznessjournals.org ISSN: 978-37989.
  • Ifionu, P (2016) Liquidity Management and Performance of Deposit Money Banks in Nigeria. West African Journal of Business and Management Sciences.Vol.5, No.1,March 2016, Pp 48– 65.Imo State University, Owerri, www.imsubiznessjournals.org  ISSN: 978-37989.
  • Ifionu, P (2016) The impact of Trade Openness on Economic Performance in Nigeria. Rhema University Journal of Management and Social Sciences.Vol.3, No. 2.March 2016. Pp 68– 85.Rhema University Abia State, Nigeria. www.rhemauniversityjournals.org. ISSN: 979-37999.
  • Ifionu, P (2016) Effect of inflation on stock prices of companies in Nigeria. RhemaUniversity Journal of Management and Social Sciences.Vol.3, No. 2,March 2016. Pp.7– 25.Rhema University Abia State, Nigeria. www.rhemauniversityjournals.org. ISSN: 979-37999.
  • Ifionu, E.P.&Akinpelumi, O.F. (2016).Strategic Reformation of the Financial Sector and its Economic Performance Influence: An Empirical Evaluation. Nigerian Journal of Financial Research. 11. No. 1. Pp 114 -128, June 2016. Port Harcourt, Rivers state.ISSN 1599-8051.
  • Ifionu, E.P.&Uzokwe, G. O. (2016).Exchange Rate Patterns and Trade Relationship in Nigeria. Nigerian Journal of Financial Research. 11. No. 1. Pp 114 -128, June 2016. Port Harcourt, Rivers state.ISSN 1599-8051.
  • Ifionu,E.P (2015) Credit Risk Management and Performance of Deposit Money Banks in Nigeria. Hezekiah University Journal of Management & Social Sciences.3.No.1 December 2015.Pp 282 – 299.Umudim Imo State, Nigeria.www.unihezjournal.org. ISSN: 979-41323.
  • Ifionu, E.P&Akinpelumi, O.F. (2015) Nigerian Trade and Unemployment Trend: Empirical Review.Hezekiah University Journal of Management & Social Sciences.3, No.1, December 2015. Pp 195 – 211.Umudim Imo State, Nigeria.www.unihezjournal.org. ISSN: 979-41323.
  • Ifionu, E.P (2015) Exchange Rate Fluctuation and Growth of Nigerian Economy: An Econometric Analysis. Department of Finance and Banking, University of Port Harcourt, Nigeria. Vol.10. No.2.Pp 42-52,ISSN 1599-8051.
  • Ifionu, E.P (2015) Interest Rate Volatility and Performance of the Nigerian Economy. Department of Finance and Banking University of Port Harcourt, Nigeria.Vol.10. No.2.Pp 11-22, ISSN 1599-8051.
  • Ifionu, E.P&Akinpelumi O.F (2015) Foreign Resources and Economic Growth and Development: The Nigerian Experience.Faculty of Management Sciences Journal, Vol. 2. No.1, Pp 90-122, July 2015.Department of Finance and Banking, University of Port Harcourt, Nigeria.
  • Alani, G.O. &Ifionu, E.P. (2014). Microfinance Banks andthe Stimulation Of Banking Habits Among Rural Dwellers In Nigeria (A Case Study Of Some Selected Local Government Areas In Kogi State), Nigerian Journal Of Financial Research. 9,No.2, December 2014.Department of Finance and Banking, University of Port Harcourt, Nigeria.ISSN: 1599-8051.
  • Ifionu, E.P.&Nnamdi, K.C. (2014). SME Financing and Economic Performance in Nigeria. Nigerian Journal Of Financial Research 9, No.1,Pp. 128-132, June 2014, Department of Finance and Banking, University of Port Harcourt, Nigeria. ISSN: 1599-8051.
  • Ndu, E.C, Ifionu, E.P.,Ademe D.P. (2014).The Role Of Mission Statement In Strategic Marketing Planning:An Assessment And Validation. West African Journal Of Business And Management Sciences; Nigerian Edition.Vol.3.No.2A, Imo State University, Owerri, imsubiznessjournals.org ISSN: 978-37989.
  • Ifionu, E.P. &Ibeh, R.C. (2009). A Time Series Analysis of Stock Market Index and some Macroeconomic indicator in Nigeria via the Cointegration Approach,Journal of Economic Studies, 8, No. 1, 2009.Pp 33-51.Department of Economics NnamdiAzikiwe University, Awka, Anambra State, Nigeria. ISBN: 1119-2259.
  • Ifionu, E.P. and Uwaifo, E. (2011). An Appraisal of Central Bank of Nigeria’s Monetary Policy on credit control (1980-2010).Trend Journal of Management and Social Sciences.Vol. 4, No. 3.Pp 63-70.University of Port Harcourt, Choba, Port Harcourt State, Nigeria.
  • Onyeagu, A.N and Ifionu, E.P. (2008). International Migration and Poverty Reduction In Africa. Journal of Economics Studies 7, No. 1.Department of Economics NnamdiAzikiweUniversity,Awka.Anambra State, Nigeria.
  • Onyeagu, A.N and Ifionu, E.P. (2008).Rural Energy Poverty in Developing Countries; Implication for Gender. Nigeria Journal of Energy & Environmental Economics, Maiden edition, AEEEN Awka.Anambra State, Nigeria. ISSN: 2006-8395.aeeen.org
  • Ifionu, E.P. and Ozue, R.C (2008). The impact of Monetary Policy on Investment Behaviour; The Nigerian Experience, 1980-2005.Multidisciplinary journal of research and development 10 No. 7.Pp 12-21. July 2008. Makurdi, Benue State, Nigeria. ISSN: 1596-974X.
  • Ifionu, E.P. and Ogbuagu, A (2007). An Econometric Evaluation of Exchange Rate and External Sector Performance in Nigeria, 1975-2005. Nigeria Academic Forum, Vol. 13, No. 2, November 2007, pp. 1-11 National Association of the Academics Publications; Awka.Anambra State, Nigeria. ISSN: 1596-3306.
  • Ifionu, E.P. and Obi Kenneth (2007). Globalization and National Development The place of Nigeria, Journal of Economics Studies, Vol. 6, No. 1, pp. 78-84. Department of Economics NnamdiAzikiwe University, Awka, Anambra State, Nigeria. ISBN: 1119-2259.
  • Ohale, L. and Ifionu, E.P. (2007). Privatization and Commercialization of PublicEnterprises: Theoretical Paradigms and Perspectives. Nigeria Sociological Review, Vol. 2, No. 1, pp. 36-44, Bayelsa State, Nigeria.NISS Publications.
  • Onuchukwu, O. and Ugboma, E.P. (2003). Macroeconomic Determinants of Manufacturing Investments in Nigeria, 1979-2000.Journal of Economic and Social Research.2, No.2, Pp. 43-56 Benue State University Makurdi, Benue State, Nigeria. ISSN: 1596-4221.

 

RESEARCH SENT OUT FOR PUBLICATION

  1. International financial flow and the Nigerian Economy (1986-2015). International Journal of Business Research(IJBR) ISSN.Print 2162-0954. Modern Technology and Management Institute. Accepted for Publication on 26th August, 2017.

 

 

  1. CHAPTER CONTRIBUTIONS IN BOOKS

Ifionu, E. P. (2016) “Women Entrepreneurship” in Basic Entrepreneurship and Small Business Management, University of Port Harcourt Press, Pp185-209, February 2016.

 

APPENDIX II:    ABSTRACT OF ACADEMIC PUBLICATIONS BY DR. E.P. IFIONU (JOURNAL ARTICLES)

A: JOURNAL PUBLICATIONS

 

S/N AUTHOR(S) YEAR TITLE OF PUBLICATION DESCRIPTION/ SUMMARY
i. Abstract
1. Ifionu, E.P & Akinpelumi O. F. (2017). The Role of Entrepreneurial Financing on National Output: An Empirical Analysis. African Research Review on International Multidisciplinary Journal, Ethiopia, Vol 11 (3), Serial No. 47, 162-177, JULY, 2017: Ethiopia, www.afrrevjo.net ISSN 1994-9057 (Print) ISSN 2070-0083 (Online). Due to the magnanimous role of entrepreneurial finance in spurring output thereby fostering economic performance as supported by the intermediation and entrepreneurial financing theory, this study explored the influx of entrepreneurial financing on output generation in Nigeria utilizing secondary sourced data over the period of 1992 to 2014. The study was carried out utilizing analytical tools such as the Unit root/Stationarity test, Ordinary Least Squares Regression, Johansen Co-integration, Error Correction Estimates and Pairwise Granger Causality tests. It was discovered that in both the short and long run relationship, analyses indicated that Micro-Credit (MC) and Commercial Banks Loans to Small and Medium Scale Enterprises (CME) influence on the Gross Domestic Output in the nation had been on the increase. It was discovered that Access to Credit Facilities (ASCF) and Small and Medium Equity Investment (SMIE) played insignificance role in the nation’s performance level. This study discovered the accessibility to fund a major problem. In this light, it was recommended that government ought to, as a matter of criticality, help planned business visionaries to have admittance to the public purse to back them up and provide them easy access to fundamental data identifying with business opportunities, present day innovation, crude materials, business sector, plant and hardware which would empower them to diminish their working expense.
2. Ifionu, E.P. & Theophilus, B. (2016). International Trade Policies and Performance Index in an Emerging Economy. Reiko International Journal of Social and Economic Research.Vol.10. No.2A, December 2016, Pp 11-28, MaryLand, U.S.A.www.reikojournals.net   ISSN: 2211-1802. This study evaluate the long-run relationship between the adopted international trade policies of nations in a liberalized system and economic performance in emerging nations with a strong scope on the Nigerian economy over a period of 1986 to 2015. Secondary data were sourced from Central Bank of Nigeria’s statistical Bulletin and National Bureau of statistics. The data were analyzed and hypotheses tsted using econometrics tools such as Ordinary Least Square Regression Model (OLS), Augmented Dickey-Fuller (ADF), Johansen Co-integration Test, Parsimonious Dynamic Error Correction Model and Granger Causality Test. The study found mixed results as only Current Exchange Rate and Capital Flow were discovered to significantly influence economic performance in Nigeria. Trade Openness and Tariff Rate showed a positive but insignificant relationship with Economic Performance. It recommends that the economy should be diversified urgently to boost exports and enhance economic performance. Incentives such as loans should be advanced to small and Medium Scale Enterprises (SMS) at single digit interest rate in order to increase domestic production and exports which will reduce capital flight and attract foreign direct investment. Finally, there should be massive infrastructural development, improved security and ease of doing business all aimed at creating a better and more conducive business environment to improve economic performance in Nigeria.
3. Ifionu, E.P & Olieh, G. (2016). A Decade of Microfinance Banks’ Operation and Economic Development in Nigeria. Research Journal OF Finance and Accounting. Vol.7, No. 5, Pp. 152-161. New York, United States/London, United Kingdom.www.iiste.org. ISSN: 2222-1697 (print); ISSN: 2222-2847 (online). This study looks at a decade of microfinance banking operations in Nigeria and its impact on Economic development. The main objective of this paper is to investigate empirically the impact of a decade of microfinance bank operations on economic development in Nigeria spanning from 2005 to 2014. The data were sourced from Central Bank of Nigeria while the Ordinary Least Squares method of multiple regression analysis and Granger Causality Test were employed to determine the short run relationship and the causality between the variables utilizing E-view 6 package. Human Development Index (HDI) is used as proxy for economic development while the two most prominent variables; Deposits and Loans are used as regressors to proxy Microfinance bank operations. The result showed that Deposit mobilization remains the key mover in microfinance bank operations and contributes positively to economic development while banks Loans exhibited a negative contributions which could be explained away by the high interest rates, diversions, heavy fees and harsh economic conditions which saw many clients always struggling to meet up with loan repayments. Outreach sufficiency is to be encouraged by ensuring the establishment of more MFBs; this will also help access to loans and entrench competition which will naturally drive down the loan charges to clients.
4. Ifionu, E.P & Keremah, S.C (2016). Bank Reforms and Deposit Money Banks Performance: Evidence from Nigeria. European Journal of Business and Management, Vol.8, No. 7,Pp. 136-152. New York, United States/London, United Kingdom. www.iiste.org  ISSN: 2222-1905 (print); ISSN: 2222-2839 (online). This study investigates the impact of banking reforms on the performance of Deposit Money Banks in Nigeria spanning from 1995 to 2012. The main purpose of this study was to ascertain the effect of banking reforms on bank performances in Nigeria. The required data for this study was obtained from secondary sources, which include publications of Central Bank of Nigeria and Federal office of statistics. This study covers all Deposit Money Banks in Nigeria. Test for Equality of means method was adopted, while E-views 7.1 is the computable software that was used to analyze the data. Thus, the study reveals that Return on Equity and banks profitability have a significant difference in the pre and post bank reform era while Return on Assets shows that there is no significant difference in the pre and post banking reform era in Nigeria. Thus, the study reached a consensus that the improved level of Deposit Money Bank profitability is associated to the various bank reforms in Nigeria. Therefore, we recommend that Banks should improve their total asset turnover and diversify in such way that they can generate more income on their assets.
5. Ifionu, E.P & Ibeh R.(2015). Financial Dualism, the informal sector and Economic Growth: An Econometric Investigation of the Nigerian Evidence. International Journal of Empirical Finance. Vol. 4, No 7, 2015,  Pp 467 – 478. USA. www.rassweb.com. This study empirically examined the impact of the informal financial sector on economic growth in Nigeria from 1981-2013. The stationarity of the variables in the model were first tested via the Augmented Dickey-Fuller (ADF) and Philip Perron (PP) unit root tests and results indicate that all the variables wer integrated in the order of I (1). Having confirmed the stationarity of the variables (GDPPC, DFIN, INSEC, RINIR and TSAV), the analysis was pushed further to determine the long-run equilibrium relationship between the variables in the model by using the trace statistics test and maximum eigenvalue test of Johansen multivariate cointegration test after the order of linear deterministic trend. The informal financial sector impacts negatively on gross domestic product per-capital in Nigeria. Other variables that impact negatively on GDP are real interest rate, degree of financial depth while total saving has a positive but insignificant relationship. A major policy recommendation which drawn from the above findings is that the linkage between the formal and informal sectors in Nigeria should be strengthened towards full elimination of dualistic market. Deposit money banks and monetary authority should evolve policies aimed at reaching the unbanked informal sector agents, especially the rural household and the urban informal production units. This will deepen the financial sector and assist in mobilizing the much needed savings that will engender investment and growth in the economy
6. Eketu, C. & Ifionu, E.P. (2015). Firms’ Collaborative Behaviour and Enterprise Resilience in Nigerian Banks. International Journal of Business and Management, IJBM” Journal VOL.3.Issue 9.September.2015. IAU, Iranwww.theijbm.com. ISSN 2321-8916.

 

 The paper adopted objectivism as its research philosophical paradigm to evaluate the impact of firm’s collaboration behaviour on enterprise resilience of banks in Nigeria. The research data were collected from a cross-sectional survey involving 17 banks that adopted collaboration behaviour (Merger or acquisition). The formulated research hypotheses were tested using Pearson’s Product Moment Correlation statistics. From the test results, it was found that collaborative behaviour, particular acquisition, galvanizes the resilient capacity of banks, while mergers, although trends in that direction, but has inherent inhibitions. Based on this, the study concludes that integrative behaviour found in mergers and acquisition is a substantial resilient reinforce of banks in terms of their resilient capacity against environmental threats. The paper recommends that banks faced with threats of irresilient should adopt integrative behavior mostly acquisition and to a lesser extent mergers to survive the perturbations in their highly dynamic and wild environment.
7. Ifionu, E.P & Akinpelumi O. F. (2015). Macroeconomic Variables and Money Supply: Evidence from Nigeria. African Research Review on International Multidisciplinary Journal, Ethiopia, Vol 9 (4), Vol. 9 (4). Pp 288-307, Sept 2015. Ethiopia, www.afrrevjo.net ISSN 1994-9057 (Print) ISSN 2070-0083 (Online). This paper reviews the effect and implication of selected Macroeconomic variables on Money supply (M2). Using derived secondary data gotten from Central Bank statistical Bulletin (2013). Coupled with the application of econometric technique such as; O.L.S, causality test and Co-integration of time series data to estimate the long and short run relationship and causality of employed variables. The results revealed that all the variables were stationary at various lags and there exists a long run relationships between variables employed and it was discovered that apart from inflation having an inverse significant with money supply (M2) and Exchange Rate (EXR), all other variables such as Gross Domestic Product (GDP) were found to have a positive impact on Money Supply. It was therefore recommended that Nigeria Banks should be committed to mission of price stability as well as improving the regulatory and supervisory frameworks to secure a strong financial sector for efficient intermediation in other to avoid the inflationary impacts, government should control the excessive expansion in broad money supply in Nigeria.
8. Ogbuagu A.R & Ifionu, E.P. (2015). Causality between Capital Flow, Human Capital Development and Economic Growth: A Case of Nigeria. International Journal of Financial Research, Vol 6. No3. July 10, 2015, Sciedu Press, Canada,http//ijfr.sciedupress.com ISSN: 1923-4023(Print) ISSN: 1923-4031 (Online). This paper explored the impact of capital flow, human capital development on economic growth using annual time series data. To achieve our objective; pairwise granger causality and dynamic autoregressive model was used. And we found no causality between capital flow (proxied by de jure de facto measures of capital openness), human capital development ( education expenditure and health exdependiture) and economic growth. Again de jure (Deju) have a significant impact on economic growth. While foreign direct investment (fdin), foreign portfolio investment (pfin), credit to private sector (cpsn), external debt (debt), total education expenditure (exed) and total health expenditure (exht) have no significant impact on the growth rate.
9. Ifionu, E.P & Ibeh, R. (2015). Inflation, Interest Rate, Real Gross Domestic Product and stock Prices on the Nigerian Stock Exchange: A Post SAP Impact Analysis. Research Journal of Finance and Accounting, Vol. 6, No.14, 2015, New York, United States/London, United Kingdom.www.iiste.org. ISSN 2222-1697 (Paper) ISSN 2222-2847 (Online).

 

 This study investigate the impact of inflation, interest rate and Real Gross Domestic Product on stock prices of quoted companies on the Nigeria Stock Exchange (NSE) post SAP. Time series data was used covering the period 1985-2012. The stationary properties of the data were tested using Augmented Dickey-Fuller (ADF) and Philips Perron (PP) unit root tests. They were all integrated at order I (1). The Johansen Multivariate Cointegration test indicates the existence of long-run equilibrium relationship among the variables in model. There are no causal relationships between the variables based on the Granger Causality test. Our equation estimation result indicates a good fit of the model. 96.8% of variations in the dependent variables were as a result of changes in the independent variables. The Durbin-Watson of 1.867475 is a little below the benchmark of 2 but we don’t have to worry about serial correlation problem. Two other diagnostic tests the Breusch-Pagan-Godfrey test for heteroscedasticity and Ramsey RESET test for stability and both indicate we don’t have to worry about those problems. Specifically, the findings suggest that inflation was the most important variable influencing stock pries in Nigeria. Therefore, it is the opinion of this paper that stronger measures be adopted to effectively combat the problem of inflation in Nigeria.
10. Ifionu, E.P.& Nnamdi, K.C. (2014). The Effectiveness Of Economic Policies On Economic Growth And Development Of Nigeria. South Asian Academic Journal On Banking And Insurance Research (SJBIR).Vol.2,Issue 6,November 2014. Harana, India,www.saarj.com. ISSN: 2319-1422.

 

 This paper is to investigate the effectiveness of fiscal and monetary policies using macroeconometric model estimated for 1980-2011. Based on the least squares methodology, we specified linear model fo Human Development Index as a proxy for economic development, while real GDP captures economic growth. An important findings was that fiscal policy has developmental potential while monetary policy is growth enhancing since the 1980’s. Similar to Ajisafe and Folorunso (2002), we showed that monetary policy exhibits a positive relatipnship with the level f growth, but not significant on development. Also, fiscal policy contributes positively and slightly significant to development but retard growth. We provide evidence that changes in real growth precedes variations in government expenditure. The Johansen and Juselius (1988) maximum likelihood method shows that economic policies influence growth and development even in long-run. Therefore, we recommend optimal policy co-ordination for Nigeria.
11. Ifionu, E.P & Nteegah, A. (2013). Investment in Education and Economic Growth in Nigeria (1981-2012) West African Journal of Industrial & Academic Research, IISTRD, Vol.9 No1 Pp. 141-157, December 2013. USAwww.wajiaredu.com.  ISSN: 2276-9129.

 

 This study examines the impact of government investments in education on economic growth in Nigeria over the period 1981-2012. Economic growth proxy by growth rate of GDP is the dependent variable while the government capital expenditure on social service, recurrent expenditure on education, primary school total pupil enrolment and primary school pupils teachers ratio are explanatory variables. Employing the OLS technique, the paper found that government capital expenditure on social service (education and health) and government recurrent expenditure on education have significant implications on economic growth over the period of study. Total primary school pupil enrolment and primary school pupils-teachers enrolment were found to have mixed influences on economic growth. The low level of finding of the sector, poor condition of service, high level of pupils out of school and the low pupil-teachers ratio in Nigeria were suspected to have accounted for these results. However, the goodness of fit of about 66 percent indicates that high potential for growth exist in the educational sector.  The paper therefore recommends an increase in government budgetary allocation to the education sector from the present less than 15 percent to UNDP/UNESCO requirement of 25 percent allocation to the sector, improvement in the welfare of educational staff and regular monitoring of funds and services rendered in the sector to ensure improved standards as possible ways of making education growth a friendly sector in Nigeria.
12. Ifionu, E.P & Omojefe, G.O. (2013). The Capital Market and Performance of The Nigerian Economy: A Time Series Analysis. West African Journal of Industrial & Academic Research, IISTRD, Vol.8. No1, September, 2013. USA www.wajiaredu.com. ISSN: 2276-9129.

 

 The vibrant capital market plays a crucial role in promoting the growth and development of the economy. The study examined the performance of the capital market and its impact on the economic growth of Nigeria. Using a time series data covering a period of 26 years (1985-2010) and employing the econometric tool of co-integration analysis, the study empirically establish a strong link between a dynamic capital market and economic and economic development. The result of the study reveals a strong correlation between economic growth and the independent variables. This is clearly shown in the very high R2, adjusted R2 and F-ratio of 81.7%, 79.3% and 32.95250 respectively. With the exemption of All Share Index, the other two regressors do not have significant impact on economic growth of Nigeria within the period of study. On the whole, 81.7% variation in economic growth in Nigeria is explained by the model. The long run relationship shows that only market capitalization impact significantly on the GDP. In the same manner the short run error correlation model still indicates that market capitalization impacts positively on the economy. The study therefore recommends the pursuit of policies that would improve the depth and breadth of the Nigerian capital market so as to engender a rapid development of the market that would result in the economic growth and development of the economy.
13. Ifionu, E.P and Nnamdi, K.C. (2013). Exchange Rate Volatility and Exchange Rate Uncertainty in Nigeria: A Financial Econometric Analysis (1970-2012) Asian Academic Research Journal of Social Science & Humanities (AARTSH) Vol.1 issue 13 July, 2013. India,www.asainacademicresearch.org. ISSN: 2278-859X. This research paper examines exchange rate volatility over time (1970-2012) using the Generalized Autoregressive Conditional Heteroscedasticity (AR GARCH) model of the Maximum Likelihood techniques. Our AR GARCH result showed that lagged (last year) exchange rate is significantly responsible for the dynamics of Naira/ Dollar exchange rate in Nigeria. Most glaring is that our ARCH and GARCH parameters indicate that exchange rate volatility shocks are rather persistent in Nigeria. We also find that exchange rate uncertainty has a direct relationship with current exchange rate in Nigeria. Further, the Granger causality test conducted shows that the direction of causality is more powerful and significant from exchange rate uncertainty to actual exchange rate in Nigeria. Thus the paper suggests a proper management of exchange rate, to forestall costly distortions in the Nigerian economy.
14 Ifionu, E.P. & Ogbuagu, A.R. (2013). “Privatization and Economic Performance: Evidence from Nigeria (1990- 2010),” African Research Review on International Multidisciplinary Journal, Ethiopia, vol. 7 (2), Serial No. 29, Pp 16-43. Ethiopia, www.afrrevjo.com.  ISSN: 1994-9057 (Print);ISSN: 2070-0083 (Online). Does privatization of state-owned enterprises result in economic performance? This paper seeks to evaluate theoretically and empirically the impact of privatization on economic growth in Nigeria. Using error correlation model (ECM), it was discovered that privatization has not impacted positively on economic growth in Nigeria, and this was blamed on a lot of factors like political instability and inadequacy of the past policies to achieve good result. Therefore, we recommended that it will be highly necessary to create a supportive enabling environment if we must achieve growth.
15.

 

 Okereke, E.J. & Ifionu, E.P. (2013). Financial Intermediation and the Nigerian Economy: A Time Series Analysis, West African Journal of Industrial and Academic Research, IISTRD, Vol. 6., No. 1, March 31. USA www.wajiaredu.com. ISSN: 2276-9129.

 

 This paper examines the level of development of financial intermediation and how it impacts on economic growth of Nigeria. Using a time series data covering a period of 40 years (1970-2009) and employing the econometric tool of Ordinary Least Square (OLS) and cointegration analysis based in Engle Granger cointegration theory and error correction methodology, we tested both short and long run relationship between financial intermediation and economic growth in Nigeria. The result revealed that a long-run relationship exists between financial intermediation and growth during the period of study, the result further showed that credit to the private sector sector and money supply deviated from aprioriuse case while the other regressors (financial deepening, interest rate, credit to public sector) conforms to apriori since they appeared with correct signs. On the whole only 48 percent variation in growth of the Nigerian economy is determined by financial intermediation during the period of study implying that financial intermediation is weak in stimulating investment and growth of the Nigerian economy during the period of study. However, the weak correlation between the dependent and the independent variables could be attributed to the high level of instability witnessed in the financial sector with its attendant consequences on the domestic economy within the period of this study. Based on the findings, the study recommends a reduction in lending rate, increased volume of credit to private sector, reduction of credit to public sector (to crowd in credit for the private sector), sustenance of on-going reforms, eradication of corruption, evolving measures to boost deposit mobilization and improvement in infrastructures which spur investment and engender growth in the Nigerian economy.
ii National Journals
1. Ifionu, E.P. & Muotoh I. (2017). Financial Sector Liquidity and Performance Assessment: Evidence from the Nigerian Deposit Money Banks. Unihez Social and Policy Journal .Vol.8. No.2, March 2017, Pp 58-75, Hezekiah University Ishiala Umudi, Imo State, Nigeria. www.unihezjournals.org.   ISSN: 977-36966. This study seeks to empirically appraised the Liquidity status and financial performance of Deposit Money Bank in Nigeria, over the time period of 1987 to 2014, utilizing proxies such as Liquidity Ratio, Cash Reserve Requirement and Loan to Deposit Rate and Bank financial performance as proxies by Return on Assets; to achieve the objectives of the study, the Ordinary Least Square, Unit Root Test, Jahansen Cointegration, Granger causality were employed. Empirical results shows that there exist a significant level of short run relationship among some selected variables Liquidity Ratio (LQR) displays a negative but insignificant relationship on the performance of Deposit Money Banks in Nigeria as captured by Return on Assets  of Deposit Money Banks in Nigeria, Cash Reserve Ratio (CRR) displays a positive  but insignificant relationship on Return on Assets of Deposit Money Banks in Nigeria and Loan to Deposit Ratio (LDR) displays a negative but insignificant relationship on Return on Assets (ROA) of Deposit Money Banks in Nigeria. The study recommends that policymakers as well as financial regulatory bodies should bear that the trade-off between the opportunity cost of holding low-yielding liquidity assets and resilience to liquidity shocks. They should adopt capital regulation, official supervision and restriction on bank activities to improve the performance of banking sector. Capital requirement and increasing power to official supervisors should be applied to banks in the market-based counties and there is necessity for financial institutions in the nation to absorb competent and qualified personal as the right personnel will ensure that the right decisions are made especially with the optimal level of cash and treasury bills and certificate to keep
2. Ifionu, E.P. & Cookey U. C. (2017). Macroeconomic variables and Foreign Direct Investment in Nigeria. Fuo Journal of Business and Finance Directorate of Entrepreneurship .Vol.7. No.1, March 2017, Pp 113-126, Federal University, Otuoke, Bayelsa State, Nigeria .www.fuojournals.org.   ISSN: 178-87722. The study evaluates the influence of macroeconomic variables on foreign direct investment in Nigeria over the period of 1980 to 2014, utilizing secondary data on inflation, interest rate, exchange rate, gross domestic product, money supply and foreign direct investment extracted from the Central Bank of Nigeria Statistic Bulletin. The data are estimated using Descriptive Statistics, Ordinary Least Square (OLS), Unit Root Test, Co integration, line graph and Granger Causality Techniques. The ordinary least square regression result shows that all the explanatory variables jointly contribute up to 44% variation on dependent variables and coefficient of all the explanatory variables shows positive signs except GDPGR. The cointegration results shows the presence of long-run relationship between the dependent variables (FDI) and the independent variables (interest rate, inflation rate, money supply, exchange rate and gross domestic product growth rate). The study recommends that relevant security measures should be put in place to encourage foreign investors thereby increasing gross Domestic Product.
3. Ifionu, E.P. & Anwana C. (2017) (31)  Impact of Monetary and Fiscal Policies on Nigeria’s Economic Growth: Empirical Analysis. Fuo Journal of Business and Finance Directorate of Entrepreneurship .Vol.7. No.1, March 2017, Pp 56-78, Federal University, Otuoke, Bayelsa State, Nigeria .www.fuojournals.org.   ISSN: 178-87722. The study investigated the impact of monetary and fiscal policies on Nigeria’s Economic Growth. Time series data was used covering the period (1981-2014) and were obtained from Central Bank of Nigeria statistical bulletin. Diagnostic test was carried out using Breuch-Godfrey serial correlation Lm test and Heteroscedasticity test. The result shows that there is no autocorrelation among the variables. The heteroscedasticity test confirms the absence of heteroscadasticity. To establish stationarity, ADF test was adopted and the result showed that the cointegration test indicates the existence of long-run relationship among the variables in the model. From Ordinary Least Squares, R-squared of 79% variations in dependent was as a result of changes in the explanatory variables. Pair-wise Granger causality test revealed a bidirectional relationship between Gross Domestic Product and Government Recurrent Expenditure (GREXP), a unidirectional relationship between Government Capital Expenditure (GCEXP) and Gross Domestic Product (GDP). And also, a non-chronological directional relationship as p-value excess 0.05 level in Lending Rate (LR), Cash Reserve Ratio (CRR), Monetary Policy Rate (MPR) and Real Gross Domestic Product (RGDP). The study revealed that lending rate and real gross domestic product are negatively related with a coefficient of -0.291 which is not in accordance with the a priori expectation of the study, while other variable show a positive relationship. We therefore recommend that strict measures be put in place to checkmate lending rate in Nigerian economy, and relevant authority should continuously adjust both monetary and fiscal policies to match with the changes in the economy.
4. Ifionu, E.P. & Akinpelumi O.F. (2016). Empirical Review of Aggregate Stock Prices and Exchange Rate in Nigeria. University of Port Harcourt Journal of Accounting and Business. Vol.3. No.1, March 2016, Pp 259-277, Choba, Port Harcourt, Nigeria. www.uniportjab.org.  ISSN: 979-52334.

 

 

 This research investigates the empirical relationship existent between the nations stock prices and its exchange rate looking at relevant variables, utilizing secondary data sourced from the Central Bank of Nigeria, Statistical Bulletin and The National Bureau of Statistics over the post regulated period of 1986 to 2014, and employing the use of statistical techniques such as the Unit root test, the Johansen cointegration test, the Pairwise granger causality test and the Error correction estimate, it was discovered that only Exchange Rate (EXR) influences and promotes the All share price index (ASPI),  while other variables were seen to possess long run relationship, it was therefore recommended that relevant authorities should see to the improvement of the deteriorating market capitalization by boosting more foreign shareholders and financiers to take active part in the capital market, sustain state of the art technology like automated trading and settlement practices, electronic fund clearance and eliminate physical transfer to shares, and the system should try and earn back the lost confidence of customers via ensuring transparency and fair trading transactions and dealings in the stock exchange.
5. Ifionu, E.P. & Keremah, S.C. (2016). Cashless Policy and Financial Development In Nigeria. University of Port Harcourt Journal of Accounting and Business. Vol.3. No.1, March 2016, Pp 215-233. Choba, Port Harcourt, Nigeria. www.uniportjab.org. ISSN: 979-52334.

 

 The research analytically evaluates the existent relationship between Cashless policy and financial development in Nigeria, utilizing post consolidated secondary data over a period of 2006 to 2014. And employed the use of analytical techniques such as Ordinary least Square (OLS), Pairwise Granger Causality test, Correlogram and correlation matrix, the research discovered that all employed predictor variables exhibited adverse and insubstantial association with the Predictor variable over the research period, it was therefore recommend that  the financial industry should modify to full and efficient deployment of information technology as an upshot to its erudition since the technology is irreparable with virtual supposed gain, Nigerian banks should accept reasonable risk level relative to its overall strategic and business plans. banks should  deliver adequate physical and electronic security both to square the incidence of electronic pilfering.
6. Ifionu, E.P. & Ihemeje, J.C.(2016). Analysis of Dividend Policy As a Strategic Tool For Profit Performance In Nigerian Organizations. Hezekiah University Journal of Management & Social Sciences. Vol.3.No.2, March 2016. Pp 285 – 304. Umudim Imo State, Nigeria. ISSN: 979-41323.

 

 The research examines the possible effects of dividends on the market price of equity share for cement manufacturing companies listed on the Nigerian Stock Exchange. The expected relationship is that a stable dividend policy will increase share prices and vice versa. The research uses a descriptive research design from a census survey of the 2 cement manufacturing companies listed on the Nigerian Stock Exchange in the 5 years between 2010 and 2014. The research used secondary data available for the two selected companies listed on the Nigerian Stock Exchange. The regression model used in the research has the share price as a function of dividends, profitability and leverage. The research found a strong optimistic relationship between dividend per share and the share prices and that share prices are affected by the dividends per share paid out. The research concludes that there’s a strong optimistic relationship between stock prices and dividends for organizations listed at the NSE. The research also recommends that each and every organization listed in Nigeria Stock Exchange should provide the information regarding its activities and performance so that investors can analyze the situation and invest their money in the best organizations.
7. Ifionu, E.P & Akinpelumi, O.F. (2016). Money Market and Economic Performance in Nigeria. Hezekiah University Journal of Management & Social Sciences. Vol.3.No.2, March 2016. Pp 251 – 270. Umudim Imo State, Nigeria. ISSN: 979-41323.

 

 This research scales the Money Market and economic performance relationship in Nigeria, reviewing several relatedtheories with empirical evidences utilizinglongitudinal data spanning over 1960 to 2014. Utilizing econometric techniques such as the Unit root test via the Augmented Dickey Fuller, Johansen Cointegration Test, Pairwise Granger causality test and ends with the Error correction Model estimates, it was discovered that there exist’s a optimistic and substantial association between value of outstanding Treasury Bills and aggregate Bank Credits to the economy and discovered optimistic and substantial association between money market operations and economic output. It was thus recommended that Deposit Money Banks should surge credits facilities towards businesses in the nation at rates determined by the market forces as it possesses optimistic potential in fostering the performance of the economy and Public Authorities should specifically source funds from the Money Market towards meet its short term developmental needs and capital needs to foster performance of the nation.
8. Ifionu, E.P (2016). The Impact of Merger and Acquisition on Banks Performance in Nigeria. West African Journal of Business and Management Sciences. Vol.5, No.1, March 2016. Pp 139– 158. Imo State University, Owerri, www.imsubiznessjournals.org  ISSN: 978-37989.

 

 This study examine the impact of merger and acquisition on Bank performance in Nigeria utilizing secondary data spanning from 2005 to 2014. Diagnostic tests such as Ordinary Least Square and Granger causality test were carried out, it was shown that there exist no significant relationship among the employed variables exception of Total Asset which exhibited a negative and significant relation on Return on Asset, while the granger causality output shows the presents of a unidirectional causality as deposit base and total asset influences banks return on Assets. It was therefore recommended amongst others that banks should minimize the cost of capital in order to maximize its returns. Banks should be more aggressive in financial product marketing in other to increase financial efficiency to promote its financial position in teams of grossearnings, profit after tax and deposit profile in order to reap the benefit of post mergers and acquisition bid in Nigeria’s banking sector.
9. Ifionu, E.P (2016). Liquidity Management and Performance of Deposit Money Banks in Nigeria. West African Journal of Business and Management Sciences. Vol.5, No.1, March 2016, Pp 48– 65. Imo State University, Owerri, www.imsubiznessjournals.org  ISSN: 978-37989. This study evaluates the relationship between liquidity management and performance of deposit money banks in Nigeria utilizing secondary data for the period 1994 to 2014, and statistical techniques such as unit root test, johansen conintegration and granger causality, it was discovered that there exists no significant relationship amongst the employed variables of the study, as all variables exhibited no form of causal or linear relationship. It was therefore recommended amongst others that policymakers as well as financial regulatory bodies should bear in mind the trade-off between the opportunity-cost of holding low-yielding liquid assets and resilience to liquidity shocks. Capital requirement and increasing power to official supervisors should be applied to banks in the market-based countries.
10. Ifionu, E.P (2016). The impact of Trade Openness on Economic Performance in Nigeria. Rhema University Journal of Management and Social Sciences.Vol.3, No. 2. March 2016. Pp 68– 85. Rhema University Abia State, Nigeria. www.rhemauniversityjournals.org. ISSN: 979-37999. This paper evaluates the relationship between trade openness and economic performance in Nigeria over the period 1986 to 2014. The study employed expo-facto research design and the required time series data were obtained from CBN statistical bulletin and subjects to OLS, Philip Perron, Johansen co-integration, ECM and Granger causality methods of estimations. The obtained result revealed that there is negative relationship between trade openness index, exchange rate and gross domestic product in Nigeria with only the openness index being significant; on the side, a positive relationship was observed between import, export and GDP with only the former considered significant. However, the study equally proves the existence equilibrium relationship between our employed variables, while a bidirectional relationship was revealed between import, export and gross domestic product. Based on the findings, the study recommends among others that government should as a matter of policy prohibit importation of some products in order to eliminate the adverse effect of openness. Government should diversify the economy to encourage domestic production and exportation in order to reap the benefit of openness instead of depending purely on oil production.
11. Ifionu, E.P (2016). Effect of inflation on stock prices of companies in Nigeria. Rhema University Journal of Management and Social Sciences.Vol.3, No. 2, March 2016. Pp.7– 25. Rhema University Abia State, Nigeria. www.rhemauniversityjournals.org. ISSN: 979-37999. This study evaluated the effect of inflation on stock prices of quoted firms in Nigeria, over the time frame of 1986 to 2014, utilizing the stationary test, Johansen cointegration, Granger causality and ordinary least square estimation techniques on the derived secondary data culled from Central Bank Statistical Bulletin (2014), It was discovered that the overall parameter is statistically significant ad denoted by the f-statistic, while the hypothesis as tested by t-statistics shows that only money supply (MNSP) and Exchange rate exhibited statistical significance on the stock prices denoted by the All share price index in Nigeria  inferring that inflation thus has a significant relationship with stock prices of quoted firms in Nigeria and unidirectional relationship causal  relationship spilled from interest rate of All share price index and the dependent variable and the exchange rate in the nation. It was therefore recommended that government should implement policy that will reduce inflation rate and poverty level through infrastructural development and improved standard of living. Also, interest rates should be made moderate in order to encourage investment and transactions in stocks in the Nigerian capital Market and the issue of public enlightenment to encourage investment and transactions in stock should be given attention; while appropriate corporate governance framework should be put in place and enforced for a restoration of confidence in the market. The problem of double digits inflation rate should be tackled
12. Ifionu, E.P. & Akinpelumi O.F. (2016). (32)                 Strategic Reformation of the Financial Sector and its Economic Performance Influence: An Empirical Evaluation.  Nigerian Journal of Financial Research. Vol. 11. No. 1. Pp 114 -128, June 2016. Port Harcourt, Rivers state. ISSN 1599-8051. This study the economic performance influx of the employed reformation strategies in the financial sector paying a closer view on the activities of Deposit Money Banks in Nigeria over the period of 1981 to 2014, utilizing secondary sourced data on variables which entails Economic Performance Index (EPI) as the criterion variable, while Bank Size (BNS), Minimum Capital Base (MCB), Credit to Private Sector (CPS), Deposit Liabilities (DPL) and Cash Reserve Ratio (CRR) were the predictor variables, While carrying out the Unit Root test, Ordinary Least Square Estimation, Cointegration estimation, Granger Causality test and Error Correlation model. It was discovered that overall. In the long run, only Bank Size Credit to private sector had significant influence on Economic Performance in the nation while Deposit Liabilities and Minimum Capital Base shows a positive yet insignificant influence on economic performance index. It was thus recommended that the nation should strive at reducing the crowding out effect by the government due to the adverse relationship between credit to private sector and economic performance index, the level of accessibility in terms of bank size should bolstered to foster economic performance in the nation and monetary authorities should further increase the minimum capital base. This will further strengthen the banks and have an improvement in the level of economic growth.
13 Ifionu, E.P. & Uzokwe, G. O. (2016). (33)   Exchange Rate Patterns and Trade Relationship in Nigeria.  Nigerian Journal of Financial Research. Vol. 11. No. 1. Pp 114 -128, June 2016. Port Harcourt, Rivers state. ISSN 1599-8051.

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 This study examined the relationship between Exchange Rate pattern and Trade Relationship in Nigeria from 1985-2014. The general aim was to examine the relationship between exchange rate pattern and trade relationship in Nigeria while the specific objectives are to examine the influence of Naira exchange rate to US Dollar, British Pounds Sterling and Japanese Yen on Nigeria Volume of Exports. Time series data was sourced from Central Bank of Nigerian Statistical Bulletin, Naira Volume of Export was used as dependent variable while Naira exchange rate to the United States Dollar, Naira Exchange Rate to the British Pounds sterling, and Naira Exchange Rate to the Japanese Yen were the independent variables. Multiple linear regressions with econometric view were used as data analysis technique. The study employed the properties of Ordinary Least Square, Co-integration, Augmented Dickey Fuller Unit Root, Granger Causality Test and Vector Error Correction Models. The regression results found that Naira Exchange rate to US Dollar have a negative and significant relationship with Nigeria Volume of Trade while Naira Exchange Rate to the British Pounds and the Japanese Yen has positive and significant relationship with Nigeria Volume of Export. The ADF results shows that the variables are all integrated at first difference, the granger causality indicates bi-variate relationship running from the independent to dependent variables. The Johansen Co-integration Test proved no long run relationship between the dependent and independent variables. From the regression summary, the study concludes that there is significant relationship between Naira exchange rate pattern against the currencies and Nigeria Volume Trade. The study recommends that the monetary authority should devise measures of managing the depreciating naira exchange rate against the Dollar. Nigeria should redefine her bilateral and trade relationship with the British government and the exchange rate policy should be well integrated to macroeconomic objectives and that Nigerian bilateral relationship with Japan should be reexamined and the exchange rate well structured.
14. Ifionu, E.P  (2015). Credit Risk Management and Performance of Deposit Money Banks in Nigeria. Hezekiah University Journal of Management & Social Sciences. Vol.3.No.1 December 2015. Pp 282 – 299. Umudim Imo State, Nigeria. www.unihezjournal.org. ISSN: 979-41323.

 

 The study examine the influx and relationship between credit risk management and performance of Deposit Money Banks in Nigeria, utilizing secondary longitudinal data over the period of 1990 to 2014, and employing estimated techniques such as unit root test, johansen cointegration test, granger causality test and Ordinary least square. It was discovered that, overall, the model was significant based on the F-statistics, denoting that the model is statistically significant, all employed variables were found to have little or no influence in the short run and long run, but it was discovered that loan loss provision and Non-performing loan both had respective unidirectional influence and promotion on Deposit Money Banks performance in the nation. This goes a long way to show that a positive and significant relationship exists between credit risk management and performance od deposit money banks in Nigeria. It was therefore recommended that regulatory authorities should develop strong and effective corporate governance mechanisms and policies for the entire sector because corporate governance directly influences organizational performance and Deposit Money Banks should enforce full disclosure practices and transparency practices of corporate governance thereby enhancing trust in order to survive in the competitive financial landscape.
15. Ifionu, E.P.   (2015). Nigerian Trade and Unemployment Trend: Empirical Review. Hezekiah University Journal of Management & Social Sciences. Vol.3, No.1, December 2015. Pp 195 – 211. Umudim Imo State, Nigeria. www.unihezjournal.org. ISSN: 979-41323.

 

 This study evaluates the relationship between trade and unemployment with a limited scope to the Nigerian economy over the time frame of 35 years spanning from 1981 to 2014, All variables were cointegrated at the first level, there exists a long run relationship as reported by the Johansen cointegration output. Using the Ordinary Least Square regression model evaluated through E-view 7, it was discovered that there exist a selected level of significant relationship in the short-run between employed variables despite the capture of the model by the Goodness of fit report while no long run relationship was discovered. The study recommends that Federal government should strive to increase the value of the Naira as this will reduce the rate at which the naira is exchanged for the Dollar. The provision of infrastructural facilities in Nigeria would ease the problem of domestic production, thereby increasing exports to match with imports. Lastly, a regulated economic liberalization is recommended, as this will protect the nation from a dumping ground for cheap Western and Asain products at the expense of our local industries. That is, high tariffs should be placed on goods that can be produced locally and lower tariffs for capital goods like machines and equipment’s.
16. Ifionu, E.P (2015). Exchange Rate Fluctuation and Growth of Nigerian Economy: An Econometric Analysis. Department of Finance and Banking, University of Port Harcourt. Nigeria. Vol.10. No.2.Pp 42-52, ISSN 1599-8051.

 

 The aim of this study is to address the association between exchange rate fluctuations and growth of Nigerian economy over the years 1986 to 2014; the study relied on historical data obtained from CBN statistical bulletin of various publications. Using ADF statistics, all the data were found to be stationary at first differencing. The study revealed using OLS that there exist a negative and insignificant volatility spillover effect between real exchange rate, import and gross domestic product over the years of our study, however, export and parallel exchange rate was found to relate positively with gross domestic product with only export being significant. On the long run relationship, our Johansen co-integration test indicates that there is no long run association amidst our employed variables; meanwhile, the result of Pair Wise Granger causality reveals that there is a bidirectional association flowing from real exchange rate to GDP and also from GDP to both import and export. On the forecast error, we found that own innovation represent the most source of variation in forecast error at short run, while at long run, real exchange rate represent the highest source of forecast error variation. Based on the findings and discussions the study recommends among others that Government should at all times enact economic policy that will encourage exportation.
17. Ifionu, E.P (2015). Interest Rate Volatility and Performance of the Nigerian Economy. Department of Finance and Banking University of Port Harcourt, Nigeria. Vol.10. No.2.Pp 11-22, ISSN 1599-8051.

 

 The study gauged the influence of interest rate volatility on the performance of the Nigerian economy over the time from of 1986 to 2014, utilizing secondary data tracked from the statistical report of the Apex Nigerian bank, and utilizing techniques such as Unit root test, Generalized autoregressive conditional heteroscedasticity (GARCH), Impulse-Response Output and Variance-Decomposition Test to evaluate variables such as Interest rate, inflation rate, exchange rate against a sole indicator of economic performance I.e. Gross Domestic Product, it was discovered that despite the short run influx of the spill over volatility of Interest rate and inflation rate, there exist no long run volatility influence of interest rate on economic performance in Nigeria. It was therefore recommended that the apex financial institution and relevant policy makers should ensure an interest rate system and status that could stimulate growth or production and the nation should endeavor to utilize her interest rate in controlling its output level as it motivates Gross Domestic Product
18. Ifionu, E.P & Akinpelumi, O.F (2015). Foreign Resources and Economic Growth and Development: The Nigerian Experience. Faculty of Management Sciences Journal, Vol. 2. No.1, Pp 90-122, July 2015,A Publication of Faculty of Management Sciences, University of Port Harcourt, Nigeria.

 

 This study explores and analyses the forms of capital flows which includes foreign aid, private bank lending and foreign direct investment and their distributive effect of financial resources from the rich and surplus countries to the deficit or poor ones in an attempt to foster economic growth and development with a microscopic view on the Nigerian Economy, the paper utilized secondary data from the Central Bank Statistical Bulletin (CBN) and  Data from Nigerian Bureau of Statistics spanning from 1986 to 2014, which were analysed using the ADF unit root test, Johansen Cointegration and the Parsimonious Error Correction Model, It was discovered that there exists substantial statistical relationship between the capital flow instruments and economic growth in the short and long run, it was therefore recommended that policy makers should Enhance foreign investor legal protection, and work around reducing the level of private bank lending to help increase the country’s available capital to the private sectors as a way of boosting economic activities and reducing the level of crowding-out and channelling the available foreign aid to productive use which should be paramount to the MDGs.
19. Alani, G.O. & Ifionu, E.P. (2014). Microfinance Banks And The Stimulation Of Banking Habits Among Rural Dwellers In Nigeria (A Case Study Of Some Selected Local Government Areas In Kogi State), Nigerian Journal Of Financial Research.Vol. 9,No.2, December 2014. Department of Finance and Banking, University of Port Harcourt, Nigeria. ISSN: 1599-8051. This study examined the impact of rural microfinance bank in stimulation of banking habits among the rural dwellers in Nigeria. The purposive sampling procedure was used to select six hundred/ (600) and 50 staff of the Microfinance bank studied for the research. Correlation coefficient and t-test were the major statistic tool used to analyze the data collected from the rural bank. SPSS and Microsoft Excel were used for the analysis. From the research, it was found out that Microfinance banks do not stimulate saving habit among the rural dwellers. The study also shows that there is weak correlation between the saving habits of the rural dwellers and their demand for loans and advances; hence, there is no significant relationship between the two variables. The recommendation is that Microfinance banks should develop strategies that will motivate the rural dwellers to save their money with the banks.
20. Ifionu, E.P.& Nnamdi K.C. (2014). SME Financing And Economic Performance In Nigeria. Nigerian Journal Of Financial Research Vol. 9, No.1,Pp. 128-132, June 2014, Department of Finance and Banking, University of Port Harcourt, Nigeria. ISSN: 1599-8051. The study examines the relationship between the small and medium-sized enterprises (SME) financing and performance of wholesale and retail businesses in Nigeria for the period 1992-2013. We investigate the importance of the relative performance of the SME sector measured by gross output of businesses, including wholesale and retail business services on the level of macro-economic output and unemployment. The empirically results indicate that the relative magnitude of SMEs is positively and insignificant related with aggregate economic performance, this result is consistent with previous studies examining delevoping countries such as Audretch and Keibach (2004) and Audretsch (2007). Against Apriori, our results show that the performance of small and medium scale enterprises have grown at the same time the level of unemployment in Nigeria. In addition, the study found a significant causal relationship between the performance of Small And Medium Scale Enterprises and Commercial Bank’s credit to Small and Medium Scale Enterprises in Nigeria. The study however concludes that growth in Small and Medium Scale Enterprises performance can play a major role in achieving considerable level of growth of the Nigerian economy, if properly harnessed. Therefore, the study recommends that SME should be supported directly to improve overall economic performance also Policy-makers should be concerned about the commercial bank credit allocation mechanism of entrepreneurship by providing an institutional arrangement that promotes productive entrepreneurship. Public-based SME financing, that will create more productive entrepreneurs and allure employment.
21. Ndu, E.C, Ifionu, E.P. &Ademe D.P. (2014). The Role Of Mission Statement In Strategic Marketing Planning:An Assessment And Validation. West African Journal Of Business And Management Sciences; Nigerian Edition.Vol.3.No.2A, Imo State University, Owerri, www.imsubiznessjournals.org  ISSN: 978-37989.

 

 This paper examines the role of Mission Statement in Strategic Marketing Planning. It identifies the components and benefits of strategic marketing plan (SMP) and Mission statement (MS). A synchronization of the two concepts reveals that SMP cannot be done without recourse to mission statement. In fact, it is the beginning point of the whole process. Therefore, its role in SMP stems from the fact that it forms the basis for the articulation, development, implementation and evaluation of the plan. Therefore, it was concluded that since it may not be feasible to plan in a vacuum, the mission statement gives a sense of direction to the whole process of the SMP. The paper, finally, recommends that before attempting SMP, the mission statement should be thoroughly digested; marketing strategists should only plan in line with the mission statement; otherwise, they should not because such an attempt will only amount to an exercise in futility; and that when marketing plans fail, strategist should go back to the mission statement.
22. Ifionu, E.P. & Ibeh, R.C. (2009). “A Time Series Analysis of Stock Market Index and some Macroeconomic indicator in Nigeria via the Cointegration Approach,” Journal of Economic Studies, Vol. 8, No. 1, 2009. Pp 33-51. Department of Economics Nnamdi Azikiwe University, Awka, Anambra State, Nigeria. ISBN: 1119-2259. This study examines the long-run relationship between some macroeconomic variables and the stock market index offering further information on the factors that affect stock price returns on the Nigerian Stock Exchange. The period examined is from 1985-2010, which could be characterized as a large period, it includes period of social, political and economic charges in Nigeria. Using the Johansen Co-integration model, result indicates two cointegrating equations in the model implying the possibility of long-run equilibrium relationship among the variables. There is a unidirectional causality between exchange rate, all share price index and industrial production index with direction from exchange rate.
23. Ifionu, E.P. & Uwaifo, E. (2011). “An Appraisal of Central Bank of Nigeria’s Monetary Policy on credit control (1980-2010). Trend Journal of Management and Social Sciences. Vol. 4, No. 3. Pp 63-70. University of Port Harcourt, Choba, Port Harcourt State, Nigeria.

 

 This paper is an appraisal of Central bank of Nigeria’s monetary policies on credit control for the period 1980 to 2010, using the Ordinary Least Square procedure and certain measures of monetary policy instruments that signpost credit control such as money supply, minimum rediscount rate: cash reserve ratio and liquidity ratio. These were regressed against Gross Domestic Product, which is a measure of economic performance. It was discovered that money supply and minimum rediscount rate has made a positive and significant contribution to allover economic performance in Nigeria. It is also observed that cash reserve and liquidity ratios have made positive impact on the economy, though not to a significant extent. This however indicates a reduction in the credit creation ability of deposit money banks and consequently the level of output. Therefore, the paper recommends that the government should insulate monetary policy from the pressure of financing government fiscal deficit thereby sustaining effort at ensuring healthy and competitive banking and financial system in Nigeria.
24. Onyeagu, A.N and Ifionu, E.P. (2008). International Migration and Poverty Reduction In Africa. Journal of Economics Studies Vol. 7, No. 1. Department of Economics Nnamdi Azikiwe University, Awka. Anambra State, Nigeria. The paper focused on the impact of international migration on development and its role in the achievement of poverty reduction in developing countries with emphases on how migration had influenced the growth or backwardness of economic development. It was recommended that migration policies should be discussed at regional, bi-regional and multilateral levels.
25. Onyeagu, A.N and Ifionu, E.P. (2008). Rural Energy Poverty in Developing Countries; Implication for Gender. Nigeria Journal of Energy & Environmental Economics, Maiden edition, AEEEN Awka. Anambra State, Nigeria. ISSN: 2006-8395. www.aeeen.org. The paper predicted the relationship between inadequate energy supply and gender poverty especially among the women fold. We observed that some current energy policies like privatization and reduction of subsidies on fuel resulting from the deregulation of the down sector has adversely on women in the area of health and income generation. It was recommended that the gender analytical tool is use in other sectors should be extended to the energy sector this cab reduce women’s workloads, provide more income and improve women’s health.
26. Ifionu, E.P. and Ozue R.C (2008). The impact of Monetary Policy on Investment Behaviour; The Nigerian Experience, 1980-2005. Multidisciplinary journal of research and development Vol. 10 No. 7. Pp 12-21. July 2008. Makurdi, Benue State, Nigeria. ISSN: 1596-974X. The work sought to examine the impact of monetary policy on investment decision in Nigeria. This is necessitated by the fact that despite the various monetary policy measures adopted by successive government to boost investment demand in the domestic economy the volume of investment has remained very low and sluggish. It is therefore, the objective of this work to empirically investigate the impact of monetary policy on invest behavior in the Nigerian economy with a view to identify some macroeconomic variables that influence investment demand in the economy. Using the econometric tools of multiple regression analysis, the result revealed a strong correlation between the independent and dependent variables, with the exception of open market operation, minimum rediscount rate and interest rate all the other variable conformed to economic theory. On the whole the model explains about 98% variation in investment in Nigeria within the reference period, the remaining 2% can be accounted for by other variables not included in the model. It is recommended, that the government should embark on monetary policies that would reduce inflationary rate but such that would attract more foreign investment into the domestic economy, improve the small and medium scale industries to boost investment and finally, government should de-emphasize the role of interest rate  as a source of engendering investment demand in Nigerian economy.
27. Ifionu, E.P. and Ogbuagu, A (2007). An Econometric Evaluation of Exchange Rate and External Sector Performance in Nigeria, 1975-2005. Nigeria Academic Forum, Vol. 13, No. 2, November 2007, pp. 1-11 National Association of the Academics Publications; Awka. Anambra State, Nigeria. ISSN: 1596-3306. This paper sought to x-ray the impact of Exchange rate policy on the external sector performance under the regulatory and deregulation eras with a view to ascertaining the era in which the sector performed better. The findings show that the external sector performed better under deregulated regime than during regulated regime. In the light of the above findings, it was recommended that the government should adopt a mixed exchange rate policy, diversify the productive base of the economy and also ensure macroeconomic and political stability in Nigeria hence the present democracy in the country should be sustained.
28. Ifionu, E.P. and Obi Kenneth (2007). Globalization and National Development The place of Nigeria, Journal of Economics Studies, Vol. 6, No. 1, pp. 78-84. Department of Economics Nnamdi Azikiwe University, Awka, Anambra State, Nigeria. ISBN: 1119-2259.

 

 Globalization emphasizes the congealing of the universe into one village so much that individual countries no longer count as they did before. The coming of computers driven internet in the 1990’s truly gave globalization its consequent actualization before the turn of the last century.

Nigeria with current democratic rule from 29th May, 1999 under the leadership of President Obasanjo has made conscious efforts in liberalization and deregulation of the economy in line with the current global trends. This paper assessed the impact of globalization on the National development of Nigeria. However, it was discovered that Nigeria is handicapped in this drive on account of the poor infrastructural facilities, the hydra headed corrupt practice within the economy and the over reliance on oil as the main stay of the economy. Consequently, Nigeria is yet to reap the real benefits accruing from e-government, e-commerce, tele-education/tele-training etc. Thus, it was recommended that for Nigeria to meet up with the moving train of globalization and achieve economic development, there is need to put in place adequate policies that could halt the exploitative forces on the domestic economy.
29. Ohale, L. and Ifionu, E.P. (2007). Privatization and Commercialization of Public Enterprises: Theoretical Paradigms and Perspectives. Nigeria Sociological Review, Vol. 2, No. 1, pp. 36-44, Bayelsa State, Nigeria. NISS Publications.

 

 The Structure Adjustment Programme (SAP) implemented in Nigeria in 1986 under the aegis of the World Bank and International Monetary Funds (IMF) has as its major tenet economic deregulation, market liberalization, commercialization and privatization of public enterprises. Existing literature reveals a wide array of privatization and commercialization paradigms across the globe. Which of these paradigms guides a country’s programmes/scheme is dictated by the quality of its leadership and it vision and the direction it wishes to propel the economy. The paper argues that any privatization and commercialization exercise must be for selfish interest. It must be an all inclusive exercise, wearing human face through the involvement of all segments of the society, the labour union, the civil society organization, non-governmental organizations, the community based organizations and the students unions. A programme of such wide magnitude should be able to liberate the energies of our people so that collectively we can confront the forces that impede the country’s development.
30. Ugboma, E.P. and Onuchukwu, O.(2003). Macroeconomic Determinants of Manufacturing Investments in Nigeria, 1979-2000.Journal of Economic and Social Research. Vol.2, Pp. 43-56 Benue State University Makurdi, Benue State, Nigeria. ISSN: 1596-4221

 

 The paper empirically investigated the investment behavior in the Nigerian manufacturing sector with a view to identify the macroeconomic variables that influence investment demand in the economy. The study revealed that national income, foreign capital, external debt, market size and interest rate have significant impact on manufacturing investment in Nigeria within the reference period. It was recommended that government should embark on policies that would reduce inflationary rate, external borrowing and attract more foreign direct investment into the domestic economy.

 

 

 

 

  1. CHAPTER CONTRIBUTIONS IN BOOKS
S/N AUTHOR(S) YEAR TITLE OF PUBLICATION DESCRIPTION/ SUMMARY
1 Ifionu, E. P. (2016) “Women Entrepreneurship” in Basic Entrepreneurship and Small Business Management, University of Port Harcourt Press, Pp185-209, February 2016. The chapter provides a comprehensive coverage of women entrepreneurship tracing the origin and historical development of women entrepreneurship; role orientation and entrepreneurial aspirations of women; contributions of women entrepreneurs in socio-economic and human development; characteristics of women entrepreneurs; challenges to women entrepreneurs and future prospects for development of women entrepreneurs.