{"title":"Organisational Design and Sustainability Performance","authors":"Princewill Obioma Anih, E. Amah","doi":"10.60089/dbebj.2024.4.2.22","DOIUrl":"https://doi.org/10.60089/dbebj.2024.4.2.22","url":null,"abstract":"The collapse of many organizations could be linked to the weak performance of management team members. The management team is the engine of growth implemented through designing strategies with which organization will manage its internal affairs bearing in mind the external environmental influences. Drawing on our research and the work of others, we explore the various organization design strategies and how that could bring sustainability. In doing, it was deduced that sustainability initiative, and the accompanying changes to the organizational structure, must have executive sponsorship and the CEO must be a visible proponent of the sustainability vision for the company. Executive sponsorship accelerates engagement by employees and business units, but even better results can be expected if the CEO is proactive and assume personal leadership of a highly visible sustainability program. It was however, recommended that: The leader of the sustainability initiative should have a direct reporting relationship with both the CEO and the board of directors in order to send a signal to employees and other stakeholders about the important of the initiative and provide the initiative with access to the support and resources available from high-level executives and managers in other departments.","PeriodicalId":502418,"journal":{"name":"DiamondBridge Economics and Business Journal","volume":"58 3","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140420712","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Quality Management Techniques and Performance of Oil Servicing Companies In Rivers State, Nigeria","authors":"Princewill Obioma Anih, Emeka Obi","doi":"10.60089/dbebj.2024.4.2.21","DOIUrl":"https://doi.org/10.60089/dbebj.2024.4.2.21","url":null,"abstract":"To succeed in the volatile environment of the oil industry, oil servicing firms rely on technical change, heavy investment in high technology and intellectual capital to sustain performance and attain competitive advantage. Hence, the research on Quality Management Techniques and Performance of Oil Servicing Companies in Rivers State, Nigeria. The population of the study comprised of all the thirty (30) oil servicing companies in Rivers State as at 31 December, 2021 as culled from the Federal Ministry of Petroleum Resources of Nigeria. Correlation Analysis Pearson’s Product Moment Correlation (PPMC) and Factor Analysis was used to analyse the data collected. From the Pearson correlation (PC) Coefficient result displayed in table 4.4, it was discovered that quality audit has a positive statistically significant relationship with customer service delivery of oil servicing companies in Rivers State. Keywords: Quality management, Techniques, Sustained Performance, Nigeria","PeriodicalId":502418,"journal":{"name":"DiamondBridge Economics and Business Journal","volume":"10 7","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140420119","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Luke Benedict Benedict Luke Ibanga, silva Opuala-Charles
{"title":"Positioning Nigeria as a First World Economy in the Era of Signing the African Continental Free Trade Area (AFCFTA)","authors":"Luke Benedict Benedict Luke Ibanga, silva Opuala-Charles","doi":"10.60089/dbebj.2024.4.1.20","DOIUrl":"https://doi.org/10.60089/dbebj.2024.4.1.20","url":null,"abstract":"The challenging circumstances of Nigerian businesses within the African continental free trade agreement has not really placed Nigerian economy at the desired global height as expected. The challenges in line with the ex post facto result of our study showed that, Nigerian was prepared to be launched at the global business circle but are still confronted with specific issues due to lack of proper African continental integration. Our report also showed that, Nigerian capital and financial markets are robust to leverage AfCFTA to boost trade and commerce, attract FDI, utilized our abundance natural and human resources and increase exports. It was however, recommended that: A special purpose vehicle should be created to monitor the progress of the AfCFTA strategies in each of the Member countries. Also, Nigerian government should work harmoniously with stakeholders to ensure trade liberalization especially export sector and start up so as to boost local production; trade Concessions should be given to infant industries, and laws should be made to protect SMEs from foreign and giant competitions; ease of doing business policies should be improved to attract foreign direct investment, FPI and capital inflows. Keywords: Globalization, AfCFTA, International trade, Trade balance, Classical & Neoclassical trade theories.","PeriodicalId":502418,"journal":{"name":"DiamondBridge Economics and Business Journal","volume":"46 4","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140455252","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Growth Prospects for Nigeria in Joining the African Continental Free Trade Area","authors":"Kelechi Dibia, silva Opuala-Charles","doi":"10.60089/dbebj.2024.4.1.18","DOIUrl":"https://doi.org/10.60089/dbebj.2024.4.1.18","url":null,"abstract":"This paper examines the potential benefits and challenges of Nigeria joining the African Continental Free Trade Area (AfCFTA) agreement, which aims to create a single market for goods and services across Africa. Using a computable general equilibrium model, we simulate the effects of trade liberalization under different scenarios of tariff reduction, trade facilitation, and regional integration. We find that Nigeria stands to gain from participating in the AfCFTA, especially if it is accompanied by improvements in infrastructure, customs procedures, and regulatory harmonization. However, we also identify some potential costs and risks, such as trade diversion, revenue loss, and adjustment costs for some sectors and regions. We recommend that Nigeria adopts a proactive and strategic approach to maximize the opportunities and mitigate the challenges of the AfCFTA, such as diversifying its export basket, enhancing its competitiveness, strengthening its domestic policies, and engaging in regional cooperation. Keywords: AfCFTA, Nigeria, trade liberalization, regional integration, computable general equilibrium model","PeriodicalId":502418,"journal":{"name":"DiamondBridge Economics and Business Journal","volume":"42 3","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140456478","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Transformative Trajectory for Nigeria in the Aftermath of Joining the African Continental Free Trade Agreement.","authors":"Ukinebo Blessing Asemota-Osifo, silva Opuala-Charles","doi":"10.60089/dbebj.2024.4.1.21","DOIUrl":"https://doi.org/10.60089/dbebj.2024.4.1.21","url":null,"abstract":"The African Continental Free Trade Agreement (AfCFTA) is a significant initiative aimed at promoting economic integration among 54 African nations. This article examines the historical context, challenges, and achievements of the AfCFTA, including tariff reductions, trade in goods and services, intellectual property rights, and free movement of persons. It also highlights the challenges faced by African economies, such as low industrialization and limited access to finance. The article proposes strategic solutions, such as infrastructure development and regulatory harmonization, to address these issues. The AfCFTA has created the world's largest free trade area, promoted trade in services, and attracted foreign investment. The article highlights its resilience during the COVID-19 pandemic and acknowledges its transformative potential in shaping Africa's economic future. Future prospects include scope expansion, regional integration, digitalization, and sustainable growth. Keywords: Global trade, AfCFTA, Regional Trade, Trade block","PeriodicalId":502418,"journal":{"name":"DiamondBridge Economics and Business Journal","volume":"306 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140455639","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Economic Transition Opportunities for Nigeria in joining the African Continental Free Trade Area.","authors":"Imoh Umah., silva Opuala-Charles","doi":"10.60089/dbebj.2023.4.1.16","DOIUrl":"https://doi.org/10.60089/dbebj.2023.4.1.16","url":null,"abstract":"This article explores the African Continental Free Trade Area (AfCFTA) and its implications for Nigeria. AfCFTA, established in 2018, aims to create a competitive single African market by eliminating tariffs and barriers, fostering economic growth, job creation, and industrialization. The nature of trade in Continental Africa has been more with the rest of other continents than within Africa. Then comes the question of what is standing on the way of inter and intra Africa trade. With trade we can unlock Africa growth and development and by so doing, we can improve per capita income in the continent and by so doing reduce poverty in Africa. The article discusses the objectives and challenges of AfCFTA, emphasizing the importance of infrastructure, regulatory harmonization, and trade facilitation. For Nigeria, Africa's largest economy, joining AfCFTA offers expanded market access, job opportunities, and economic diversification. The government's rationale for participation includes promoting industrialization, increasing export opportunities, and improving trade balance and foreign exchange reserves. The reality is that we all need each other to get the wheel of life going. Keywords: Globalization, AfCFTA, Regional Trade, Trade balance","PeriodicalId":502418,"journal":{"name":"DiamondBridge Economics and Business Journal","volume":"257 19","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140457663","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Luke Benedict Benedict Luke Ibanga, silva Opuala-Charles
{"title":"Achieving Exchange Rate Stability Targeting the 2010- 2015 Era for Economic Resilience","authors":"Luke Benedict Benedict Luke Ibanga, silva Opuala-Charles","doi":"10.60089/dbebj.2024.4.1.13","DOIUrl":"https://doi.org/10.60089/dbebj.2024.4.1.13","url":null,"abstract":"The continuous fall in the value of Naira against foreign denominated assets is somewhat worrisome. Policy strategy is of essence to adjust the exchange rate to pre 2010 regime. Hence, this paper appraises the exchange rate policy measures, especially the most recent ones in addressing volatility in or national currency and restore equilibrium purchasing power. A stylized fact was deployed to draw inferences on the nuanced policy models pre and post 2010 regime. This study reported that, managed float mechanism sought to achieve exchange rate stability within upper and lower fluctuation margins. Whereas, flexible system, in operation now, allows the CBN to intervene in the market when necessary while upholding high levels of transparency and accountability. This has ensured that while the flexible exchange rate system is sustained, the exchange rate is prevented from excessive volatility. Therefore, mixture of flexible and partially interventionist policy is recommended. Keyword: Equilibrium, Exchange rate management, Trend analysis, macroeconomic policy.","PeriodicalId":502418,"journal":{"name":"DiamondBridge Economics and Business Journal","volume":"257 ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140457733","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Exchange Rate Management Policies Options Towards Strengthening the Naira for Economic Transformation","authors":"Kelechi Dibia, silva Opuala-Charles","doi":"10.60089/dbebj.2024.4.1.11","DOIUrl":"https://doi.org/10.60089/dbebj.2024.4.1.11","url":null,"abstract":"Close to two decades, the Nigerian Naira has witnessed tremendous fall in its value against major currencies in the global market, giving rise to fast climbing inflation rate and its attendant consequences. Effort by various governments at federal and state levels to remedy the Naira and ensure its stability have shown no signs of fruitfulness. The Central Bank of Nigeria (CBN), at different times, has adopted several measures in this regard including currency devaluation, stringent monetary and fiscal policies, Naira redesign, and the newest, being the effort to collapse into one, the parallel exchange market. These measures, from all indications, were unable to stem the tide of the Naira fall. This study, therefore, adopts a narrative review of economic and finance literature to suggest policy options that could redeem the Naira and strengthens its exchange value in the global market. Inputs from scholarly literature were sought and reviewed around issues such as the working mechanisms of the foreign exchange market, continuous demand and consumption of foreign made goods, and short- and long-term monetary policies. The measures to restore the value of the Naira were then suggested in the paper. Keywords: Exchange rate; Naira fall; Currency Devaluation; Monetary Policy; CBN","PeriodicalId":502418,"journal":{"name":"DiamondBridge Economics and Business Journal","volume":"29 3","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140457006","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Restoring Nigeria’s Exchange Rate to the Goodluck Jonathan’s Era for Economic Recovery and Growth","authors":"Imoh Umah., silva Opuala-Charles","doi":"10.60089/dbebj.2024.4.1.10","DOIUrl":"https://doi.org/10.60089/dbebj.2024.4.1.10","url":null,"abstract":"This paper analyzes the factors contributing to Nigeria's current exchange rate challenges, particularly comparing the economic performance during the administrations of Presidents Goodluck Jonathan, Muhammadu Buhari, and Bola Ahmed Tinubu. It also looks into the overall state of the economy and strategies to restore Nigeria’s exchange rate to pre-Buhari levels. Key issues discussed include the decline in the Naira's value, rising inflation, and the challenges faced by different sectors. The research underscores the adverse effects on citizens, especially the poor, and emphasizes the need for urgent government intervention. The recommendations suggested encompasses measures to boost foreign exchange supply, manage demand, and enhance economic stability. Some of them includes promoting non-oil exports, addressing political stability concerns, managing inflation, and implementing policies to discourage currency speculation. Keywords: Balance of payments, Exchange rate, Fiscal policy","PeriodicalId":502418,"journal":{"name":"DiamondBridge Economics and Business Journal","volume":"31 10","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140457231","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Nigeria Exchange Rate: Towards Nigeria’s Exchange Rate Convergence to Pre-Buhari Years","authors":"Adejoke Oyebanji-Umaigba, Silva Opuala - Charles","doi":"10.60089/dbebj.2024.4.1.9","DOIUrl":"https://doi.org/10.60089/dbebj.2024.4.1.9","url":null,"abstract":"This paper explores the trajectory of Nigeria’s exchange rate policies, examining their evolution and impacts on the Naira’s value. From the fixed exchange rate era to the recent Unified Exchange Rate System, the study dissects historical shifts and their repercussions on the economy. The Nigerian exchange rate regime has gone through different eras from 1970s till date. Various factors necessitated the need for exchange rate policy changes; however, the result of the policy changes have over the years been eroded and its value has been on a continuous decline. Key factors contributing to the Naira’s persistent decline, including import dependency, reduced oil production, and inflation, are scrutinized. The role of currency speculation and the impact of government policies are also analyzed. The paper recommends short-term measures, such as adjusting exchange rate policies and lifting import restrictions, and long-term solutions, including infrastructure development and sectoral growth. The government should monitor the behavior of the exchange rate market closely and ensure interventions using both fiscal and monetary policies are implemented to fortify Nigeria’s economic resilience and counter the continuous depreciation of the Naira. Keywords: Exchange Rate, Exchange rate regime, globalization, fiscal policy.","PeriodicalId":502418,"journal":{"name":"DiamondBridge Economics and Business Journal","volume":"93 ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140457437","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}