NJSM – Mujalladi 4, Lamba 1 An wallafa: November 17, 2023
Abubuwan da ke Ƙayyade Manufar Biyan Ribar Hannayen Jari na Kamfanonin Siminti da Aka Jera a Najeriya – Nuruddeen Abba Abdullahi
Taƙaitaccen Bayani:
Binciken ya duba abubuwan da ke ƙayyade rabon riba ga masu hannun jari na kamfanonin siminti a NSE. Ya nazarci tasirin ribar aiki, sauƙin samun kuɗi, bashi, girman kamfani, bunƙasa, haɗari da ribar shekarar baya. An samo bayanai daga rahotanni da asusun da aka tantance na tsawon shekaru 10 (2007 zuwa 2016), an gina tsarin bayanan kamfanoni daban-daban a lokuta daban-daban, aka yi amfani da hanyar mafi ƙarancin murabba’ai wajen ƙiyasta lissafin alaƙar masu canji. Ribar aiki, girma, haɗari da ribar baya sun yi alaƙa mai kyau da biyan riba, amma ba su yi tasiri mai muhimmanci kan yawan kuɗin ba. Sauƙin samun kuɗi, bunƙasa da bashi sun yi alaƙa marar ƙarfi ta kishiya. Duk da haka, babu tabbatacciyar shaida cewa waɗannan abubuwa bakwai su ne masu ƙayyade rabon biyan riba da aka yi amfani da shi a matsayin ma’aunin manufar kamfanonin siminti da aka jera daga 2007–2016.
Gwajin Kumburin Farashi Mai Dalili a Musayar Hannayen Jari ta Najeriya – Babajide Fowowe
Taƙaitaccen Bayani:
NSE ta bunƙasa sosai cikin shekaru ashirin da suka gabata, tare da manyan tashin farashi da faɗuwa da ke nuna sauyin farashi mai yawa, wanda ake kira kumfa. Gano kumfa yana da muhimmanci ga masu tsara manufofi da masu zuba jari. Binciken ya yi amfani da bayanan farashi da ribar kamfanoni 78 daga 1990 zuwa 2016. Gwaje-gwajen haɗin dogon lokaci tsakanin jerin bayanai na Engle-Granger da Johansen sun nuna alaƙar dogon lokaci tsakanin ma’aunin farashi da ribar kamfanonin da aka zaɓa. Bisa samfurin ƙimar riba, ƙimar kasuwa (MV) ba ta kauce wa ƙimar asali (IV) ba a lokacin binciken, saboda haka babu shaidar kumfa a NSE. Haka kuma kamfanonin da ke son samun kuɗi daga wajen kamfaninsu za su iya tara shi daga kasuwa saboda akwai ɗan kwanciyar hali. Masu sa ido su ci gaba da lura da kasuwa da kafa manufofin hana kumfa, don kauce wa cutarwarta ga tattalin arziki.
Yanayin Tattalin Arziki da Aikin Kasuwar Hannayen Jari a Najeriya: Shaidu daga Samfurin Sauyawar Yanayi – Shehu Usman Rano Aliyu da Abubakar Aminu Wambai
Taƙaitaccen Bayani:
Takardar ta nazarci yaɗuwar sauyin farashi tsakanin farashin canji da hannayen jari a yanayin tashin hankali da kwanciyar hankali, ko kasuwar tashi da faɗuwa, daga Janairu 4, 2010 zuwa Yuni 30, 2017. Ta yi amfani da samfurin Markov mai sauyin yanayi da bambancin sharaɗi bisa Kim (1993). Hanyar tana barin sauyin matsakaici da bambanci; watsi da hakan kan wuce gona da iri wajen dorewar bambanci (Lamoureuex & Lastrapes, 1990). Binciken farko ya nuna rabo marar al’ada, tushen naúra da ARCH a ribar hannayen jari da farashin canji. An gano yanayin kasuwar faɗuwa da tashi, inda na faɗuwa ya fi dorewa, da yiwuwar sauyi 0.9455 da 0.8686 bi da bi. Amma lokacin zama ya fi tsawo a kasuwar tashi (yanayi 2) fiye da faɗuwa (yanayi 1), wato kwanaki 5958.12 da 18.406. Nazarin yaɗuwar tasiri ya nuna ƙarfafar darajar kuɗi a kasuwar canji tana ƙara riba a kasuwar faɗuwa, kuma riba tana raguwa idan darajar kuɗin ta ragu a kasuwar tashi. Don haka yanayin tattalin arziki mara kyau mai haifar da sauyin canji yana rage riba ta ƙara fahimtar haɗari, musamman a kasuwar tashi.
Shin Halayen Farashin Hannayen Jari na Ƙasashen OPEC Suna Dogaro da Juna? – Ebenezer Olubiyi
Taƙaitaccen Bayani:
Takardar ta duba dogaron kasuwannin hannayen jari na wasu mambobin OPEC, da musayar haɗari da riba da alaƙar riba mai layi, sannan dogaro da yaɗuwar girgiza tsakanin Najeriya da sauran mambobi. Ta yi amfani da DCC(1,1)-GARCH(1,1) da ma’aunan wata-wata daga Janairu 2005 zuwa Maris 2018. Musayar haɗari da riba ba ta tabbata ga wasu ma’auratan ƙasashe ba; akwai alaƙa mai ƙarfi ga wasu ribobin wata-wata na shekara. Dogaron kasuwannin OPEC yana sauyawa da lokaci. Najeriya tana dogaro da sauran mambobi ta hanya ɗaya, sai Saudi Arabia inda aka samu dogaro ta hanyoyi biyu. Kyakkyawan sabon girgiza daga mambobi yana inganta ribar Najeriya, sai Kuwait. An ba da shawarar masu zuba jari na Najeriya su saya a wasu ƙasashen OPEC banda Saudi Arabia lokacin faɗuwar Najeriya. SEC, NSE da Gwamnatin Tarayya su ba ingantattun manufofi masu kyautata kasuwa fifiko.
Tasirin Sauƙin Saye da Sayarwa kan Halin Bin Jama’a na Masu Zuba Jari a Kasuwar Hannayen Jari ta Najeriya: 2007–2017 – Aliyu Rafindadi Sanusi da Auwal Umar
Taƙaitaccen Bayani:
Takardar ta duba yanayi da girman bin jama’a da rawar sauƙin saye da sayarwar kadara a kasuwar Najeriya. Ta amfani da bayanan yau da kullum na 2007-2017 da hanyar watsewar ribar kasuwa, ta duba hannayen jari 29 a fannoni shida: noma, banki, kayan gini, kamfanoni masu ayyuka daban-daban, inshora da tallan mai. An yi amfani da VAR mai ma’aunai biyu da gwajin Granger biyu-biyu don alaƙar bin jama’a da sauƙin ciniki. Akwai shaidar bin jama’a mai muhimmanci a kadarori 12 cikin 29, da kishiyar bin jama’a a wasu takwas. Sauƙin ciniki yana shafar samuwar bin jama’a sosai, kuma masu zuba jari sun fi bin jama’a lokacin sauƙin ciniki mai yawa da matsakaici. Rarrabuwar bambanci ta nuna taruwar riba tana shafar bambancin matsakaicin sauƙin cinikin hannayen jari, musamman tallan mai. Saboda illar bin jama’a, musamman kumfar farashi, hukumomi za su iya rage bin jama’a marar hankali ta inganta kwararar bayanai da rage kuɗin samunsu.