Abstract: The Niger Delta Region of Nigeria is home to about
20 million people and 40 different ethnic groups. The region has an
area of seventy thousand square kilometers (70,000 KM2) of
wetlands, formed primarily by sediments deposition and makes up
7.5 percent of Nigeria's total landmass. The notable ecological zones
in this region includes: coastal barrier islands; mangrove swamp
forests; fresh water swamps; and lowland rainforests. This incredibly
naturally-endowed ecosystem region, which contains one of the
highest concentrations of biodiversity on the planet, in addition to
supporting abundant flora and fauna, is threatened by the inhuman act
known as gas flaring. Gas flaring is the combustion of natural gas
that is associated with crude oil when it is pumped up from the
ground. In petroleum-producing areas such as the Niger Delta region
of Nigeria where insufficient investment was made in infrastructure
to utilize natural gas, flaring is employed to dispose of this associated
gas. This practice has impoverished the communities where it is
practiced, with attendant environmental, economic and health
challenges. This paper discusses the adverse environmental and
health implication associated with the practice, the role of
Government, Policy makers, Oil companies and the Local
communities aimed at bring this inhuman practice to a prompt end.
Abstract: This paper examines the effect of corporate diversification on the profitability of the Financial services sector in Nigeria. The study relied on historic accounting data generated from financial (annual) reports and accounts of sampled banks between the period 1998 and 2007 (a ten-year period). A regression equation was formulated, in line with previous studies to shed light on the effect of corporate diversification on the profitability of the Financial services sector in Nigeria. The results of the regression analysis revealed that diversification impacts strongly on banks profitability. Conclusively the paper produces strong evidence to assert that diversification impacts positively and significantly on banks profitability because among other things such diversified banks can pool their internally generated funds and allocate them properly.
Abstract: The microbiological and physicochemical
characteristics of wetland soils in Eket Local Government Area were
studied between May 2001 and June 2003. Total heterotrophic
bacterial counts (THBC), total fungal counts (TFC), and total
actinomycetes counts (TAC) were determined from soil samples
taken from four locations at two depths in the wet and dry seasons.
Microbial isolates were characterized and identified. Particle size and
chemical parameters were also determined using standard methods.
THBC ranged from 5.2 (+0.17) x106 to 1.7 (+0.18) x107 cfu/g and
from 2.4 (+0.02) x106 to 1.4 (+0.04) x107cfu/g in the wet and dry
seasons, respectively. TFC ranged from 1.8 (+0.03) x106 to 6.6 (+
0.18) x106 cfu/g and from 1.0 (+0.04) x106 to 4.2 (+ 0.01) x106 cfu/g
in the wet and dry seasons, respectively .TAC ranged from 1.2
(+0.53) x106 to 6.0 (+0.05) x106 cfu/g and from 0.6 (+0.01) x106 to
3.2 (+ 0.12) x106 cfu/g in the wet and dry season, respectively.
Acinetobacter, Alcaligenes, Arthrobacter, Bacillus, Beijerinckja,
Enterobacter, Micrococcus, Flavobacterium, Serratia, Enterococcus,
and Pseudomonas species were predominant bacteria while
Aspergillus, Fusarium, Mucor, Penicillium, and Rhizopus were the
dominant fungal genera isolated. Streptomyces and Norcadia were
the actinomycetes genera isolated. The particle size analysis showed
high sand fraction but low silt and clay. The pH and % organic
matter were generally acidic and low, respectively at all locations.
Calcium dominated the exchangeable bases with low electrical
conductivity and micronutrients. These results provide the baseline
data of Eket wetland soils for its management for sustainable
agriculture.
Abstract: The assessment of surface waters in Enugu metropolis
for fecal coliform bacteria was undertaken. Enugu urban was divided
into three areas (A1, A2 and A3), and fecal coliform bacteria
analysed in the surface waters found in these areas for four years
(2005-2008). The plate count method was used for the analyses. Data
generated were subjected to statistical tests involving; Normality test,
Homogeneity of variance test, correlation test, and tolerance limit
test. The influence of seasonality and pollution trends were
investigated using time series plots. Results from the tolerance limit
test at 95% coverage with 95% confidence, and with respect to EU
maximum permissible concentration show that the three areas suffer
from fecal coliform pollution. To this end, remediation procedure
involving the use of saw-dust extracts from three woods namely;
Chlorophora-Excelsa (C-Excelsa),Khayan-Senegalensis,(CSenegalensis)
and Erythrophylum-Ivorensis (E-Ivorensis) in
controlling the coliforms was studied. Results show that mixture of
the acetone extracts of the woods show the most effective
antibacterial inhibitory activities (26.00mm zone of inhibition)
against E-coli. Methanol extract mixture of the three woods gave best
inhibitory activity (26.00mm zone of inhibition) against S-areus, and
25.00mm zones of inhibition against E-Aerogenes. The aqueous
extracts mixture gave acceptable zones of inhibitions against the
three bacteria organisms.