Soludo consolidating nigerian banking

22-Oct-2019 20:11

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Sayogo (2006) defined Corporate Governance as a process where rules and ethical standards govern the relationships in organizations.

A legal framework is developed for achieving the corporate objectives as all aspects are covered from the stages of planning, internal control, performance evaluation and disclosure of corporate information.

A robust disclosure regime brings transparency, and it is a strong tool for enhancing stakeholder management.

Better corporate governance and improved internet disclosure should result in the attraction of more capital, reduction of fraud and sustaining the confidence of the investors in the capital markets.

CNN Money has ranked Nigeria as the 3rd fastest growing economies in the world for 2015 along with Qatar and China with a growth index of 7%; this makes the country interesting from the global economies for investment.

Nigeria has also been an important country to research despite the increasing and widespread unemployment and hunger in the country.

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The world has also estimated Nigeria to be among the fastest growing global economies by the year 2015.Additionally, it outlines field of possible changes in the corporate legislation aimed to increase the efficiency of corporate governance (Yap, Saleh, and Abessi, 2011).

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