An analysis of the impact of monetary policy on exchange rate movement in Nigeria: A vecm granger causality framework
This study examines the impact of monetary policy on exchange rate movement in Nigeria over the period of 1981 to 2015. The data for the research was taken from Central Bank of Nigeria (CBN). Based on empirical analysis and econometrics technique, cointegration method was adopted to measure the long run relationship between exchange rate and the Monetary policy instrument such as money supply, Monetary policy rate, Treasury bill and Cash reserve ratio and the direction of causality between the variables using VECM Granger causality framework plus variance decomposition and impulse response for robust analysis. The result from Johansen’s estimation revealed that broad money supply, monetary policy rate and cash reserve ratio contributed positively and significant impact on exchange rate movement in Nigeria while 3-month Treasury bill has a negative but significant impact on the exchange rate movement. There is unidirectional relationship between broad money supply and exchange rate at 5% level of significance. There is no clear causal link between monetary policy rate and exchange rate movement in Nigeria. However, variance decomposition revealed that monetary policy rate contributed 0.3351% and 3.1298% in the short and long run. Treasury bill is negative and statistically significant which means that, a 1% increase will lead to 3.24% decrease (change) on exchange rate movement. Lastly, cash reserve requirement is positive and statistically significant. These results could be a guide to policy makers in analysing monetary policy instrument towards maintaining the strength of the naira. Government should pursue strategies that are designed to neutralize the effects of such practices as round tripping, over-invoicing and under-invoicing which have characterized the activities of the banking sectors in the recent years. Lastly, foreign exchange control policies should be adopted in order to help in determination of appropriate exchange rate value. This will go a long way of strength the naira
Please Login using your Registered Email ID and Password to download this PDF.
This article is not included in your organization's subscription.The requested content cannot be downloaded.Please contact Journal office.Click the Close button to further process.
[PDF]
Analysis of flooding attack using random waypoint mobility model in mobile adhoc network in NS-3
Mobile ad hoc networks will appear in environments where the nodes of the networks are absent and have little or no physical protection against tampering. The wireless nodes of MANET are thus susceptible to compromise and are particularly vulnerable to denial of service (DoS) attacks launched by malicious nodes or intruders. Flooding attack is one such type of DoS attack, in which a compromised node floods the entire network by sending a large number of fake RREQs to nonexistent nodes in the network, thus resulting in network congestion. In this paper, the security of MANET AODV routing protocol is investigated by identifying the impact of flooding attack on it. A simulation study of the effects of flooding attack on the performance of the AODV routing protocol is presented using random waypoint mobility model The simulation environment is implemented by using the NS-3 network simulator. It is observed that due to the presence of such malicious nodes, average percentage of packet loss in the network, average routing overhead and average bandwidth requirement? all increases, thus degrading the performance of MANET significantly.
Please Login using your Registered Email ID and Password to download this PDF.
This article is not included in your organization's subscription.The requested content cannot be downloaded.Please contact Journal office.Click the Close button to further process.
[PDF]
Analytical Modeling of MHD Flow between two Permeable Non-Coincident Rotating Disks Embedded in Porous Medium in presence of Variable Thermal Conductivity
Modeling of steady magnetohydrodynamic viscous incompressible fluid flow through a porous medium between two disks rotating with same angular velocity about two non-coincident axes has been discussed taking into account the injection/suction, radiation and temperature dependent variable thermal conductivity. An exact solution of the governing equations has been obtained in a closed form by using perturbation along with dsolve Mat lab software tool to attain an analytical result for the velocity and the temperature profile. Analysis of the flow characteristics has been performed graphically by varying Hartmann number (M),I injection /suction parameter (?), permeability parameter (Kp), rotation parameter, Prandtl number (Pr), radiation parameter (R) and the variable thermal conductivity. The Skin friction coefficients are presented in pictorial from (11) to (16) and, discussed in detail.
Please Login using your Registered Email ID and Password to download this PDF.
This article is not included in your organization's subscription.The requested content cannot be downloaded.Please contact Journal office.Click the Close button to further process.
[PDF]
Antimicrobial activity of Organic and Alcoholic extracts of Medicinal Plants against clinically important Microbial pathogens
In this study, we used ten medicinal plants (Azima tetracantha Lam. (Salvadoraceae ), Corchorus aestuans Linn.(Tiliaceae), Garcinia mangostana Linn. (Guttiferae), Guazama ulmifolia Lam. (Sterculiaceae), Cardiospermum halicacabumLinn. (Sapindaceae), Pimenta dioica Lindl.(Myrtaceae), Phyla nodifera (L) E.Greene (Verbenaceae), Scoparia dulcis Linn. (Scrophulariaceae), Croton bonplandianus Baillon (Euphorbiaceae), and Clerodendrum inerme Linn. (Verbenaceae) were screened for its potential antibacterial activity against clinically important microbial pathogens like Staphylococcus aureus, Streptococcus pyogenes, E. coli, Proteus mirabilis, Salmonella typhi, Pseudomonas aeruginosa and Klebsiella pneumoniae. The antimicrobial activity was determined in organic (Petroleum ether, Benzene and Chloroform), alcoholic (methanol) and aqueous extracts of these ten medicinal plants. The aqueous extracts showed minimum antimicrobial activity when compared to other extracts. The methanolic extracts of P.dioica showed the maximum activity against Staphylococcus aureus. The present study suggested that these medicinal plants represent may be used to find bioactive compounds from natural products that might lead to the development of new drugs against bacterial diseases.
Please Login using your Registered Email ID and Password to download this PDF.
This article is not included in your organization's subscription.The requested content cannot be downloaded.Please contact Journal office.Click the Close button to further process.
[PDF]
Aplikasi kemahiran kepimpinan dalam kurikulum program kejuruteraan di politeknik
Soft skills is the important skills that need to being apply in order to reduce the numbers of jobless among graduates. One of the reasons for soft skills seldomly applied in teaching and learning process is lack of information among lecturers and the polytechnic administrator to identify the suitable methods and ways to apply soft skills in teaching and learning process. This study was conducted to identify the level of leadership skills apply in engineering programmes’ curriculum for civil, electric and mechanical engineering students in Politeknik Port Dickson, Politeknik Kota Bharu and Politeknik Sultan Haji Ahmad Shah. By using descriptive study in purpose survey, the samples for this study involving 297 number of students from the selected polytechnic and using questionnaire and interview. Researcher found that there is moderate level of leadership skills applied in engineering programmes’ curriculum by using analysis of mean and variance and ANOVA test. Lecture method is the most teaching and learning method being used to applied leadership skills in engineering programmes’ curriculum. There is statistically significantly difference between the levels of leadership skills applied in engineering programmes’ curriculum during teaching and learning process in polytechnic and the type of engineering programmes being taught. Researcher hope a module being construct as a guideline for lecturers to apply soft skills in engineering programmes’ curriculum at PPD, PKB and POLISAS.
Please Login using your Registered Email ID and Password to download this PDF.
This article is not included in your organization's subscription.The requested content cannot be downloaded.Please contact Journal office.Click the Close button to further process.
[PDF]
Assessment of microbiological contaminants in community water sources in lower Nyakach Division, Kisumu County, Kenya
The importance of water as a vehicle for spreading diseases has long been recognized and many studies have demonstrated the relationship between illness and deficiencies in water supply and sanitation. This study was conducted between October 2008 and July 2009, to determine microbiological water contaminants and related human health problems in community water sources in Lower Nyakach division, Kisumu County. Water samples were collected in selected water points, analyzed using membrane filter technique and their level of microbiological contamination determined using Escherichia coli type I as bio-indicator. Household level surveys and key informant interviews were conducted and secondary data obtained from Pap-Onditi district hospital on cases of environmental and human health risks associated with water contamination. Data from field samples and survey were analyzed using the Statistical Package for Social Sciences. Multiple comparisons between sites were made by Analysis of Variance (ANOVA) and the student t-test. Statistical significance was assessed at p ? 0.05. The mean counts for faecal coliforms were lower than that of total coliforms in all samples in both dry and rainy seasons although the mean counts total coliforms were higher during the rainy season than the dry season. Water samples from water impoundments showed significant differencesin total coliforms compared to recommended WHO levels and no significant differences for faecal coliforms (a = 0.05). Water samples from shallow wells showed significance difference for faecal coliforms between three sampling sites (Pap-Onditi, Urudi and Bonde). From the survey and hospital findings typhoid fever and amoebic dysentery were the most common water-borne diseases in the study area. Faecal contaminated water possesses high human health risks which are responsible for the reported increased water-borne diseases. The study concludes that total and faecal coliforms are important parameters in monitoring faecal contamination and water quality in the area. Most of the community water sources are seasonal and largely contaminated. Consequently, frequent monitoring of water quality and levels of contaminants using total and faecal coliforms is recommended at common water points to curb potential health related risks.
Please Login using your Registered Email ID and Password to download this PDF.
This article is not included in your organization's subscription.The requested content cannot be downloaded.Please contact Journal office.Click the Close button to further process.
[PDF]
Bagged ensemble of genetic algorithm for signature verification
Data Mining is the use of algorithms to extract the information and patterns derived by the knowledge discovery in databases process. Classification maps data into predefined groups or classes. It is often referred to as supervised learning because the classes are determined before examining the data. The Verification of handwritten Signature, which is a behavioral biometric, can be classified into off-line and online signature verification methods. The feasibility and the benefits of the proposed approach are demonstrated by means of data mining problem: online Signature Verification. This paper addresses using ensemble approach of Genetic Algorithm for online Signature Verification. Online signature verification, in general, gives a higher verification rate than off-line verification methods, because of its use of both static and dynamic features of problem space in contrast to off-line which uses only the static features. We show that proposed ensemble of Genetic Algorithm is superior to individual approach for Signature Verification in terms of classification rate.
Please Login using your Registered Email ID and Password to download this PDF.
This article is not included in your organization's subscription.The requested content cannot be downloaded.Please contact Journal office.Click the Close button to further process.
[PDF]
Bank Deployment of Information Technology (IT) Solutions and Bank Performance: An Assessment of Deposit Money Banks in Nigeria
Whether the level of deployment of information technology solutions actually enhances bank performance is still a matter of debate in academic circles. This paper set out to assess the effect of deployment of information technology solutions on the performances of deposit money banks in Nigeria. Data spanning over a seven year period (2005 to 2011) were generated from annual financial reports of sampled banks to ascertain the relationship between bank deployment of IT solutions and enhanced bank performance using a regression equation expressed in a multiple form. Findings revealed that deployment of IT solutions have been on the increase especially in the post-consolidation period as evidenced by increased number of bank branches and ATM which were interlinked via IT solutions. The correlation matrixes revealed that information technology solutions deployment have a positive relationship with increased bank profitability thus suggesting that increased banks investment in IT solutions enhances bank performance.
Please Login using your Registered Email ID and Password to download this PDF.
This article is not included in your organization's subscription.The requested content cannot be downloaded.Please contact Journal office.Click the Close button to further process.
[PDF]
Characterisation of Fatty Acid Contents of Sesanum indicum grown in Nasarawa State, Nigeria using Gas Chromatography
The importance of oil seeds cannot be overemphasised, being a large store of energy in the form of fatty acids deposited in their tissues. This work was aimed at determining the physic-chemical properties and the lipid composition of Sesanum indicum. The sesame seeds analysed have acid and saponification values of 0.53 and 185.9 mg KOH / g of oil respectively and an iodine value of 105.12 g of I2 / 100g of oil. Percentage free fatty acids of 2.52, and kinetic viscosity at 40ºC of 4.8 were also obtained. In addition, trace amounts of trace amounts of butyric, caprioc, caprylic, capric, lauric and myristic acids which are short chain fatty acids were detected. Little amounts of myristic, palmitolic, linolenic, arachidolic and behenic acids of 0.13, 0.18, 1.01, 0.26 and 0.48% respectively were also detected. High amounts of palmitic and stearic acids of 11.49 and 8.124% respectively were obtained with significantly high amount of oleic and linoleic acids of 40.20 and 38.0% respectively. In contrast, trace amounts of longer chain fatty acids including erucic and lignoceric acids were detected. The result obtained also revealed high amount of saturated fatty acids of 32.06%, however the degree of unsaturation of the oil was greater. Monounsaturated and polyunsaturated oils constituted 25.82 and 42.14% of the total fats respectively. The ratio of oleic to linolenic and omega 6 to 3 were 0.67 and 37.7 respectively. The above results imply that the Sesanum indicum is a valuable source of essential fatty acids.
Please Login using your Registered Email ID and Password to download this PDF.
This article is not included in your organization's subscription.The requested content cannot be downloaded.Please contact Journal office.Click the Close button to further process.
[PDF]
Consumer preference on cakes, acceptability and nutritional evaluation of food fortified cakes
Micronutrient malnutrition affects almost two billion people worldwide and food fortification is considered as a major cost effective and sustainable solution. To enhance the micronutrient content of cakes by food fortification using locally available under exploited but nutritionally rich indigenous food fortificants. Lotus stem and Carrots were chosen as food fortificants. The nutrient analysis of the fortificants was carried out. Lotus stem powder (LS) and carrot powder (CA) were incorporated individually (15, 20 and 25 percent) as well as in mixed form(MF) (2:1, 1:1, 1:2.) in Chocolate(CH) and Orange cake(OR) and the highly acceptable cakes were analyzed for iron, ? carotene and quality parameters. Lotus stem powder had iron(80mg/100g),? carotene (543 µg/100g) and fibre(31.6 g/100g).Carrot powder had iron(5 mg/100g),? carotene(6875 µg/100g) and fibre(1.46g/100g).Among all the variations LSCK2 (84.5 percent), CAOR1 (84 percent) MFCK1 (88 percent) and MFOR1 (87.3 percent) cakes were highly acceptable.LSCK2 had the highest iron content (12.50mg/100g) and CAOR1(760µg/100g) had highest ? carotene content. Total solids were above the standard value of 60 percent. pH of MFCK1 and MFOR1 were 6.2.The microbial count of the cakes was found to be within the satisfactory limit. Conclusion: Fortification of cakes is a possible venture to alleviate micronutrient malnutrition in people.
Please Login using your Registered Email ID and Password to download this PDF.
This article is not included in your organization's subscription.The requested content cannot be downloaded.Please contact Journal office.Click the Close button to further process.
[PDF]