Electronic Payment Systems (E-payments) and Nigeria Economic Growth
Issue:
Volume 5, Issue 6, November 2019
Pages:
68-78
Received:
14 October 2019
Accepted:
8 November 2019
Published:
19 November 2019
Abstract: The electronic payment system is a platform that settles financial transactions between the buyer and seller. Payment systems are meant to ease the stress of both parties making an easy exchange or flow of money in a safe and secure environment. This study statistically estimated the relationship between electronic (e-payment) systems and economic growth in Nigeria. Monthly available Data for Nigeria on values of various payments systems were analyzed using Autoregressive Distributed Lagged regression (ARDL) method covering the period of (2012-2017). The result indicates a significant positive relationship between the electronic payment system and economic growth in terms of real gross domestic product (GDP) growth. Automated teller machines have a positive significant impact on economic growth, based on a probability of (0.06), but its contribution to the real GDP growth is negative (-5.0 percent). This means the ATM based transaction encourages more cash, possessions and may not yield the required goal of low cash based transactions within Nigeria’s banking populace. POS contributes 17 percent growth to the real GDP growth in Nigeria, web based transactions (WBT), contributes 2.3 percent to the real GDP growth, but INTERBANK transactions, has an insignificant impact on GDP growth while MOP has a negative contribution to the impact on real GDP growth. Point of Sales (POS) transactions is also the most patronized electronic banking tool and this is seen from the descriptive analysis, followed by web base transactions (WBT). POS and WBT have the highest average amongst all other variables. This implies that POS and WBT are significantly part of the major determining factors influencing and contributing to the real GDP growth output in Nigeria, while other variables such as INTERBANK transactions are although relevant but contributes minimally and drive real GDP output negatively down, as reflected in the results. Since the successful implementation of the e-payment systems which has much to do with internet connectivity and mobile banking, efforts should be made to design or improve on the internet security framework to check online fraud. There should be adequate legislation on all aspects of the operations of the e-banking and cashless system so that both the operators of the system and the public can be adequately protected.
Abstract: The electronic payment system is a platform that settles financial transactions between the buyer and seller. Payment systems are meant to ease the stress of both parties making an easy exchange or flow of money in a safe and secure environment. This study statistically estimated the relationship between electronic (e-payment) systems and economic ...
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Organisational Justice and Employees’ Engagement Towards Turnover Intention. An Explanatory Study Among Hospital Employees in Malaysia
Mohamad Ariffin Adollahdin,
Ibiwani Alisa Hussain
Issue:
Volume 5, Issue 6, November 2019
Pages:
79-83
Received:
12 October 2019
Accepted:
18 November 2019
Published:
22 November 2019
Abstract: This study investigated organisational justice and employees’ engagement’s effect towards turnover intention among hospital employees in Malaysia. Primary data was used and obtained through self-administered survey questionnaire distributed manually to 100 respondents. This study developed hypothesis based on past research conducted and the hypothesis was tested to examine the relationship between predictors and the dependent variables. Using one analysis, i.e. Correlation analysis was conducted to ascertain the hypothesis and findings from the analysis revealed a weak positive but reverse significant relationship between predictors and dependent variable. Findings explained that both organisational justice and employees’ engagement demonstrated a low significant relationship towards turnover intention. Interestingly, this study found a reversed relationship between predictors and dependant variable. One unit increase in organisational justice resulted in one unit decrease in turnover intention and one unit increase in employee engagement also resulted in one unit decrease in turnover intention. The findings served as one of the important platforms for hospital’s management to understand the reasons of employees quitting or changing jobs in the perspective of organisational justice and employees’ engagement. Based on the findings, Management may embark on further improvement or enhancement is necessary for hospitals to embrace in reducing the intention to leave among hospital employees in Malaysia.
Abstract: This study investigated organisational justice and employees’ engagement’s effect towards turnover intention among hospital employees in Malaysia. Primary data was used and obtained through self-administered survey questionnaire distributed manually to 100 respondents. This study developed hypothesis based on past research conducted and the hypothe...
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Mining Machinery Maintenance Key Performance Indicators Improvement at the Nordgold Taparko Mine
Drissa Mohamed Malo,
Arsene Kpoda,
Hamidou Kabre,
Gaetan Ouermi
Issue:
Volume 5, Issue 6, November 2019
Pages:
84-92
Received:
12 October 2019
Accepted:
8 November 2019
Published:
4 December 2019
Abstract: This research work is about the maintenance performances analysis and improvement of miscellaneous mining machinery and equipment used at the NORDGOLD SOMITA mining plant. The study started with a brief introduction to the mining activity. Then a general presentation of the TAPARKO mining site and its history was performed. Moreover, an overview of the equipment which is used on the mining site and its mechanical applications and utility was carried out. The maintenance plays a vital and essential role in the mining sector. A good maintenance management provides the plant with safe and effective equipment. One of the main issues in maintenance planning is to make sure that the planned maintenance tasks have positively influenced the productivity of the plant as expected. In order to achieve the desired performance at an optimal cost, the maintenance department has to keep monitoring the maintenance performances. This will help the company to reach the maximum profitability. Some maintenance key performance indicators exist and they allow the maintenance planners to monitor the maintenance effectiveness in a defined interval of time. Thus, a decrease of maintenance performances can be quickly detected and prompt corrective measures can be taken. Therefore, the necessary data was collected and an analysis of those indicators was accomplished. The obtained results revealed that. Last but not least, through a thorough examination of these results, some suggestions have been made in order to improve the mechanical maintenance practices in the mining sector.
Abstract: This research work is about the maintenance performances analysis and improvement of miscellaneous mining machinery and equipment used at the NORDGOLD SOMITA mining plant. The study started with a brief introduction to the mining activity. Then a general presentation of the TAPARKO mining site and its history was performed. Moreover, an overview of...
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