This study investigated the relationship between bank fraud and the performance of Deposit Money Banks (DMBs) in Nigeria. Expected loss from fraud, number of fraud cases, number of staff involved and volume of fraud involved (proxy for bank fraud) were regressed against earnings before tax (proxy for performance of DMBs). Secondary data on the indicators of bank fraud were collected from the Central Bank of Nigeria (CBN) annual reports and Statistical Bulletin for the period 1991–2012. The study employed Ordinary Least Square (OLS) method of econometrics technique, unit root tests, co-integration and error correction mechanism using E-view Version 7.1 Software, to analyse data on the variables. The findings revealed that bank fraud has a significant inverse relationship with bank performance. The study therefore recommended that regulatory authorities and bank management should put policies and measures in place to curtail the incidence of bank fraud to avoid systematic distress and the collapse of the entire banking system in Nigeria.

Kenya’s growth target was set to be sustained at 10% from the year 2012 to 2030 .This growth was to be achieved through savings mobilization from 15.6% in 2006 to 30% in 2030. However, the Country’s growth is currently characterized by rising GDP and falling savings which raises the question as to whether there exists any perceptible relationship between the two. On this basis, the study sought to determine the causality between gross national income (GNI) and gross domestic savings (GDS) in Kenya. The study was anchored on Life Cycle Hypothesis and adopted correlation research design. Unit root tests were conducted using ADF and an automatic selection of Schwartz info criterion with a maximum lag of 7. Vector error correction mechanism was used to characterize the joint dynamic behavior of the variables. Granger causality test was used to show the causality linkage between income and savings. The study utilized World Bank Time series data since 1980 to 2013 and revealed that GNI granger causes GDS at p = 0.0343, meaning that savings emanated from the incomes. VAR indicated a negative significant error correction term, suggesting existence of a long run causality tending from GNI to GDS (B = -1.341668; p = 0.0000). It was concluded that a significant long run relationship existed between income and savings. Thus, more savings to be mobilized through income generation to ensure economic growth.

In this paper, we find that a rise in the price of land-using commodity would lead to a decrease in the interest rate and hence the price of capital would decline. In addition, we also find that a rise in the price of land-using commodity would lead to an increase in the land rent and hence lead to a rise in the price of land. Finally, we reveal that the impact of terms of trade on current account is ambiguous

This study compares total return, risk adjusted return of small cap and large cap mutual funds with market returns. In addition, it contrasts the risk adjusted returns of small and large cap funds. It also measures risk return relationship and performance persistence of mutual funds. Six years daily closing Net Asset Value (NAVs) of 44 open ended equity growth mutual funds are obtained. Results reveal that mutual funds outperform market index when total return is taken into consideration and underperform market index when risk adjusted return is taken into consideration. We observe that risk adjusted returns of small cap funds are superior to large cap funds. We also find that risk of small cap funds is lower than large cap funds. Finally, we fail to find any significant relationship between risk and return and there is no evidence of performance persistence.