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LEVEL 100               

FIN 111:             INTRODUCTION TO FINANCE     (3 Units)

Functions of an Economic System and the Structure of the Business Enterprise.  Finance in an Economic System.  Scope, Nature and Evaluation of Finance Functions.Types of Finance and the Financial Organizations.Relationship of Finance to other Functional Areas of Business.The Nigerian Financial System.Money and Capital Markets.Direct and Indirect Finance.Definition of Finance Functions.Relationship to various Departments of an Organization.Functions of a Financial Manager towards the growth of an Organization; Forms of Business Organization; Sole Proprietorship, Partnership, Public Limited Liability Companies and Private Limited Companies.Sources and Uses of Finance.Types of Funds; Short-term, Intermediate term and Long term.  Capital Formation.  The Balance Sheet.Fixed and Working Capital.Funds Flow Statement.Cash Budgeting.

BUS 111   Introduction to Business             2 Units

The scope of business; the character of business from social, legal and economic perspectives.Forms, characteristics and functions of business ownership, organization and management.Marketing, Production, Finance and Accounting Functions, Government and Business.The Social responsibility of business.International Problems of Nigerian business enterprises.

MTH  111       Mathematics 1                     2 Units

Transcendental functions, Hyperbolic functions.Inverse functions.Logarithmic.Differentiation.Methods of integration. Integration functions. Integration by parts, Improper integrals.Applications.Areas and volumes.Center of mass.Ordinary differential equations. First order equations with valuable separate. First order linear equations. Second order homogeneous equations with constant co-efficient, applications, plane analytic geometry. Rectangular Cartesian co-ordinates. Distance between two points. The straight line, loci.The circle.Parabola, ellipse and hyperbola.Second degree curves, plan polar co-ordinate system graphs of polar equations.Plans areas in polar co-ordinates.Vectors, vector addition and multiplications.Products of three or more vectors.Vector functions and their derivatives.Velocity and acceleration, matrix algebra. Addition and multiplications, transpose, determinants. Inverse of non-singular matrices.Gramer's rule and application to the solution of linear equations. (Examples should be limited to non-matrices( where m3, n3) Transformations of the plane, translation, reflection, enlargement, shear-composition, compositions of transformation, invariant points and lines. Mathematics concepts in Management, Set theory; Factors and Exponents; Logarithms; Trigonometry; Equation, Function & Progressions; Coordinate Geometry; Inequalities; Permutations & Combinations. Linear Programming and inequality Matrices.

UGC 111                        Farm Practice 1                     1  Unit

Farm planning and structure; site selection's layout of farm structures, roads and fences; field layout.          

GSS III                           Use of English                          1 Unit

This course focuses on study skills, listening skills, oral communication skills and the use of library and basic research methods viz:

Effective communication and writing in English study skills, language skills writing of essay answers. Instructions on Lexis, Sentence Construction. Outlines and paragraphs. Collection and organization of materials and logical presentation.Punctuation and logical presentation of papers, phonetics, art of public speaking and oral communication. Listening comprehension; Distraction; Techniques of note taking during lectures; Aids to listening comprehensive concentration, signals and cues. Research writing; process and Techniques, documentation, references, notes and bibliography, Abbreviation research writing, submission of finished research report, grammar, part of speech, sentence types, structure and function, mechanics of writing; capitalization, punctuation and paragraphing, concord, error identification and correction. Reading comprehension. The outline note, summary writing techniques of reading comprehension; (i) scanning (ii) skimming (iii) intensive/extensive reading (iv) word/text attack skills.

GSS 112                      Nigerian History                                 2 Unit

Peoples and empires of pre-colonial Nigeria; Benin, Oyo, Ibo Kingdoms, Hausa.The Fulani Jihad and the Sokoto Caliphate.Nigeria and the Atlantic Slave-trade.European exploration of West African Interior.The Christian missions in Nigerian.The British conquest of Nigeria, 1914 Amalgamation, Lord Lugardand Indirect Rule. World War I and II and the rise of nationalism in Nigeria civil war 1960  1970. the second Republic of Nigeria 1979  1983. Nigeria under military rule.

GSS 113           Physical and Health Education                         1 Unit

The concept of physical education and appreciation of the critical relationship of movement and living. Brief historical, philosophical and sociological basis of  Physical Education, physical fitness and body conditioning, the effects of exercise on various body systems, posture, recreation, exercise and health. Theory and practice of various games especially games with carry over value. The concept of health scope-personal hygiene community occupational and school health, consumer and drug education, emotional problems and social health.Accidents, wounds and handling emergences.


GSS 114                      Elementary French 1                          1 Unit

Introduction all pays LA FRANCE et la langue Francaise. Development de la langue a baversmende, la francophonieet les habitants des pays. Pourgnel le francaise all Nigeria. La contribution de la France dans le development de l'Agriculture, de la science et de la Technologie. Les salutations quotidiennesetusuelles. Presentation de soietd'autui. Nom, profession, address, etnationalite etc. les professions dans le secteuragricule, le personnel de l'Univesite. Identification des gens et des objects communs. Les nombrescardinauxetordinaux. S'Orienter: trouver son chemindans le campus. Interrogation etnegotion a base des verbs des plus usages chaquejours.

GSS 115                      Basic German  1                        1 Unit

First knotakte, sichbegrussen, buchstabiern and falschverboundenaegenstandeimhous and haushalt. Eating and drinking bestellen and karanketitennumbaerale and verb. (English translation): First contacts-creating, vocabularies and wrong association, stands in the home and home servicing. Eating and drinking methods and basic grammar in the Home and hospital services. Grammatical conjugations, possessive, demonstrative, relative, reflexive, interrogative, indefinite pronouns.Numbers and verbs and invitation services.

GSS II6           Use of Library                                         1 Unit

The following will be covered:

  1. History of Libraries
  2. Library and Education
  3. Types of Libraries
  4. MOUAU Library
  5. Study Skills
  6. Library Resources
  7. Library Search
  8. Data Base Resources
  9. Copyright and its implications
  10. Bibliographic Citations and Referencing
  11. Plagiarism


ACC 111         Principles of Accounting 1                      3 Units

History and development of Accounting.The nature, scope and purpose of Accounting, Users of Accounting information. The range of services provided to an organization by the accounting function. The role of financial accounting, major branches of accounting (financial, Auditing, taxation, public sector, cost and management accounting) and their roles in an organization. Accounting concepts, assumptions and conventions.The principles of Double Entry Boo-Keeping.The accounting process/systems and books of Accounts. Types and classifications of ledger Accounts. Books of Prime Entry -  Sales Day Books, Purchases Day Books, Returns Inward Books, Returns Outward Books. The Trial Balance.Imprest/Petty Cash System, Bank Transactions, types of Bank Accounts, and Bank Reconciliation Statements. Revenue and Capital Expenditures. Final Accounts of Sole  traders.  Statement of Comprehensive Income and Statement of Financial Position.Adjustments and correction of Errors in Accounts.Depreciation, Accrual and prepayments, Provisions and reserves, bad Debts and provisions for Bad debts.Manufacturing Accounts.

ECO 111                      Principles of Economics I                         3 Units

Nature and scope of microeconomics.Theories of demand and supply (types, shits and functions). Elasticity of Demand and Supply (price, income and cross). Calculations and interpretation of the indices of the above elasticity concept.Theory of consumer behaviour, utility and preference, price and output determination under perfect competition, monopoly, monopolistic competition, duopoly and oligopoly.Indifference curve analysis.Theory of production, types of production (primary, secondary and tertiary), factors of production.Law of diminishing returns, production possibility curve.Market structure (perfect and imperfect).Theory of consumer behaviour.


GSS 121                      Use of English                                      2 Units

Course content comprises Grammar, nature, Style and purpose of writing varieties of writing e.g. formal and informal communication, memorandum, reports etc oral communication and characteristics etc.

PART I:          Grammar: Language and Communication, varieties of English, Direct and reported Speech, Homonyms, Synonyms and homophones/word choice and usage.

 PART II:         Varieties of writing including forms, styles and language:

Formal and Informal letter writing, memorandum, Description, Narration, Exposition Argumentation, Report writing, types and language forms; investigative editorial medical valuation feasibility studies, Technical/scientific reporting, Book reviews.

PART III:       Phonetics and phonology: definition, classification and articulation of sound system of English, Transcription and pronunciation, stress and information patterns, speech-making and speech presentation.


GSS 124                      Elementary French  11                                               1 Unit

Les jours de lasemaine, les mois de l'anne', ladate. Description physiques etpsychologigues et psychologigues de soi et des autres personnel Quelleheureest-il? Description de la vie des activities l'orthographe, introduction a la dictei-les adjectitspossessifs, le corps hamain. Al'hopital. En ville: a la paste, au marche, a lagara, a la biblionthegue etc.

GSS 125                      Basic German 11                                                        1 Unit

First knotakte; sichbegrussen, buchstabiern and falschverboundenaegenstandeimhous and haushalt. Eating and drinking bestellen and karanketitennumbaerale and verb.

(English translation): First contacts-Greeting, vocabularies and wrong association. Stands in the home and home servicing. Eating and drinking methods and basic grammar in the home and hospital services. Grammatical conjugations, possessive, demonstrative relative, reflexive, interrogative, indefinite pronouns.Numbers and verbs and invitation services.

GSS 127                      History and Philosophy of Science                             2Units

Man-His Origin & Nature; Man and his Cosmic Environment; Scientific methodology in the Society and in the Service of Man; Renewable and Non-renewable Resources; man and his energy Resources. Environment Effects of Chemicals, Plastics, Textiles, waste and other Materials; Chemical and Radio Chemical Hazard.Introduction to the various areas of science and technology.

ACC 121                     Principles of Accounting 11                                       3 Units

Total/Control Accounts. Incomplete Records. Accounting for Not-for-Profit making organizations:  Receipts and payments Account, Income and Expenditure Accounts. Valuation of Inventories.Accounting for Inventory losses and defalcations.Consignments Accounts.Departmental Accounts.Accounting for Containers. Bill of Exchange. Introduction to partnership Accounts Nature, formation, contents of a partnership deed and special accounting arrangements including the preparation of partnership final accounts. Meaning and valuation of goodwill in partnership admission of a new partner. Joint Venture accounts. Payroll Accounting.

ECO 121                     Principles of Economics II                                         3 Units

Nature and scope of macroeconomics, macroeconomics policy, objectives and instruments, Population theories: Malthusian and demographic theory. The theory of economic growth and developments, problems of economic growth. Multiplier concept  business cycle, national income accounting (GDP, GNP, and NI, etc) Economic systems  capitalism, socialism and mixed economy, Consumption theory.

Inflation and unemployment.International trade and finance.International and Regional Organizations.

BUS 121                      Elements of Management                                           2 Units

Definitions of management.Basic concepts and theories in management.Management principle and functions. Organic Business functions. Organizational manager. Organizational Planning nature and purpose, span of management, departmentalization, line and staff authority, service departments. Staffing and directing, selection of managers, appraisal of managers, management development, nature of directing, motivation, leadership. Controlling, the con process, Nigeria environment, management problems in Nigeria. Challenges of indigenization.Transferability of management systems.Strategic management.Business and government relations, organizational environment.Business social responsibilities.

MKT 121                    Introduction to Marketing                                         2 Units

Marketing definitions: fundamental concepts in marketing; marketing evolution and phases; role and importance of marketing; the marketing system in Nigeria; marketing viewpoints/perspectives; marketing and contributions from cognate disciplines; science, art and theory in marketing; functions of marketing; marketing environment; needs and wants; buyer behaviour and market segmentation; marketing analysis; market measurement and forecasting; the marketing mix elements; paradigm shift in marketing; contemporary issues in marketing; marketing under attack. Marketing activities in the marketing-mix elements; Strategic marketing; the Product concept; optimum product competition; new product development (NDP) process; product life cycle; the cycle time, product classifications and marketing strategies; pricing policies and strategies distribution channel decision; promotional mix tools, advertising, public relations, personal selling, sales promotions, direct marketing, etc; marketing of professional services; marketing research; marketing planning; appraising marketing systems. Others areas of coverage include:-

A.                    Marketing Analysis The marketing environment, buyer behaviour, market segmentation, market measure and forecasting research.  

B.                     The marketing concept, development, life cycles,  classification and branding, pricing, management of channels of distribution and promotional communication especially advertising personal selling public relations, sales promotion, word of mouth publicity.

C.                     Marketing of financial services.

MTH 121                    Mathematics II                                                           2 Units

Mathematic and Symbolic Logic: Inductive and Deductive Systems; Mapping and Transformation, introduction to Complex Numbers; Introduction to Vectors; Matrix and Determinates. Discreet and Continuous Variables; The Straight Line in various forms; the Circle; Maxima, Minimal and points of infection; integral calculus; integration by Substitution and By-Parts; Expansion of Algebraic Functions;- Simple Sequence and Series. Number systems, indices, surds and logarithms. Polynomials, reminder and the factor theorems, polynomial equations, rational functions, partial fractions, fields, ordered fields, inequalities, mathematical, inductions, permutations and combinations, Binomial theorem, sequences and numbers. The quadratic equation and function, relation between the roots and the co-oefficients.Complex numbers.Addition, subtraction, multiplication and division.Argand diagram, demolvre's theorem, n-th roots of complex numbers. Elementary set theory, venn diagrams and applications, de-morgan's laws, Trigonometry, elementary properties of basic trigonometric functions. Addition formulae and basic identities, sine and cosine formulae. Half-angle formulae, area of a triangle, solution of trigonometric equations, inversie trigonometric functions, functions, concepts and notation examples, composition, exponential and logarithmic function, graphs and properties, limits and continuity. Techniques for finding limits, the derivate, calculation from first principles, techniques of differentiation, chain rule. Higer order derivatives, extremum problems, mean-value theorem.Applications, indeterminate form and l'Hospital's rule.Taylor's and mandarin's series.Curve sketching integrations as the reverse of differentiation, as areas, as limit of finite sums.Definite integrals properties of definite integrals.Applications.

UGC 121                     Farm Practice                                                             1 Unit

Economics of orchard layout pineapple, citrus etc.


Basic Concepts of Money; Its Origin, Importance and Characteristics.Banks Creation of Money.Types of Money.Factors influencing Demand and Supply of Money.Structure of Banking Institutions; Central Bank, Commercial Banks, Development Banks and Non-Banking Finance Institutions.Sources and Management of Funds in Banks.  Borrowing and Lending Principles, Banking Services and Methods of Payments through Banking systems.  The selection and Financing of Investment Opportunities.The theory of optimal investment opportunities.The theory of Optimal Investment Decision.The Relationship between the Investment and Financing Decisions.  Financial Planning: Capital Investment Appraisal Methods: Pay-Back Period (PB), Return on Investment (ROI), Present Value (PV) and Discount Cash flow (DCF) – NPV and Internal Rate of Return (IRR). A Critical Comparison of the NPV and IRR Decision Rules.  The Determination of the Appropriate Discount Rate, Capital Rationing; Profitability Index(II). Break-Even Chart.Measures of Safety Ratios.Cost-Profit Volume Analysis.Stock Exchange Practice and Regulations.Shares valuation, Net Asset Value, EPS, MPS, Financial Analysis and P.E. Ratio.

FIN 122:         INTRODUCTION TO INSURANCE                                    (2 Units)

Historical Development of Insurance in Nigeria.Modern Insurance Business in Nigeria.Risk and Insurance.Insurance Market.Four Departments of Insurance.Roles of Government in the Insurance Industry.Analysis of the Insurance Decree of 1976.Brokers.Re-insurance.


GSS 212          Peace and Conflict Resolution Studies                        2 Units

Basic conflicts in Peace Studies and Conflict resolution. Peace as vehicle of unity and development. Conflict issues, type of conflict e.g. Ethnic/Religious/Political/Economic conflicts. Root causes of conflicts and violence in Africa. Indigene/Settler Phenomenon.Peace Building, Management of conflict and security.Element of peace studies and conflict resolution.Developing a culture of peace. Peace mediation and peace-keeping, alternative dispute resolution (ADR). Dialogne/Arbitration in conflict resolution.Role of international organizations in conflict resolution e.g. ECOWAS, African Union, United Nations, etc.

GSS 217          Philosophy and Logic                                                 2 Units

Introduction to the basic principles and techniques of distinguishing correct from incorrect reasoning; evolution of science technology; issue in the philosophy of science. Nature of arguments: deductive argument; validity and soundness; validity and truth. Elementary techniques of testing validity.Fallacies.The prior and the empirical problems of induction.Elements of probability.Elements of history of science and technology.Observation, hypothesis, experiments and scientific explanation Problems of scientific and technological development in Nigeria.Science and society.

BUS 213          Elements of Government                                            2 Units

Examination of man in a political society; the nature and the role of the state; political systems; ideologies of politics; political institutions, the evolution of the Nigerian State; the Nigeria political system; constitution-making in Nigeria, Nigeria and the international political system; problems of world politics. Nature of politics; society and social organization; the state.The problem of law; constitution and constitutionalism; political ideology. The classical Heritages, Plato, Aristotle, Stoleism and PaxRomanioni Revolt, Towards the mass man, organs of Government (National Governmental Institutions); Public Administration, Political parties and pressure groups, public opinion and propaganda; elections, International order.

BUS 214          Business Statistics I                                                    2 Units

Nature of statistics, statistical enquiries, forms and design.The role of statistics.Basic concepts in statistics.Discrete and continuous variables.Functional relationships, sources of data.Presentation of statistical data.Measures of central tendency.Measures of dispersion.Momem's, skew ness and kurtosis.Elementary probability distribution.Normal binomial.Poisson and hyper geometry.Statistical decision theory. Test of hypothesis for small and large samples. CHI-square distribution.Linear progression.Index numbers.Time series and analysis of time series.

ACC 211         Financial Accounting 1                                                           3 Units

(Pre-requisite ACC 111 and ACC 121)

Advanced treatment of partnership accounts including Goodwill. Admission retirement/death of a partner.Dissolution of partnership including treatment of piecemeal realizations.Amalgamation and conversion of a partnership to a limited liability company. Introduction to accounts of limited liability companies including treatment of issues of shares/debentures, redemption of preference shares and debentures. Accounting for Voyages.Royalty Accounts, tax implications of Royalties.Accounting for Investments.           

ACC 212  Introduction to Cost and Management Accounting 1   2 Units

Nature and purpose of cost accounting.Distinction and relationship between cost accounting, financial accounting and management accounting. Recent developments in cost accounting-“Just-in-time”, kanban inventory control, Back-flush accounting, life cycle costing; Target costing, and Advanced Manufacturing Technique (AMT). Basic costing concepts.The classification and coding of costs. Factory organization for costing, including inter dependence of departments, and the role of cost accountants in an organization. Cost elements: detailed treatment of materials (purchasing, storekeeping, control and pricing), labour (wages procedures, remuneration & incentives, time booking and labour reports), Direct Expenses, and Overhead costs. Reconciliation of cost and financial accounting data.Integrated accounts.

ECO 210         Economic Theory I                                                                 2 Units

Nature of paradigms in the social sciences.Abstract models and models and socio economic change.The nature and method of economic system.Supply, demand and elasticity. The cost of production Price and output determination under the pure competition, monopoly,  monopolistic competition and oligopoly.

Demand for economic resources, wages, rent, interest and profit determination. Unionism, Current economic problems, the social control of industry.The farm problem.Rural and Urban migration.The economics of income distribution.The economics of war and defense.

MKT 211        Elements of Marketing                                                           2 Units

The foundation of the Nigerian economy. The fundamental of marketing, which covers the nature of marketing transactions, scope of marketing  a science or an art and the meaning of market.  Development in marketing revolution which covers the various marketing areas and concepts.The marketing environment.The marketing mix element of product price (retail and wholesale institutions) and promotion (adversity, personal selling, public relations/publicity and sales promotion).

BUS 211                      Business Communication                                            2 Units

Rudiments of Communication:  Communication defined.  Elements and Principles of Communication; oral, written and non-verbal communication.Functions and settings of communication.Communication theories and models – Linear, Interactional and Transactional models, etc.Writing and communication methods.Process of meetings, conferences, seminars, symposium and debates; Definition, conduct, procedures, aims/benefits/disadvantages of meetings.  Writing rules affecting meetings, conferences, seminar and symposium.  Reports and handover notes.The concept of organizational communication.Factors affecting effectiveness of organizational communication.Public relations and marketing communication.

GSS  214                    Intermediate French I                                                            1 Unit

L' habitation; batiments, pieces, meubleset     

La cuisine et les trios repas du jour, Au Restaurant, Chez le boucher, Exprimer les autres temps du present  “en trained”. Demander, donneretrefrserautorisation. Les animaux de la ferme, Les parties de Uneplante; les fruits etarbresfruitieres; les legumes, chezel'Epidier. Les sports etieslasire, lesfetes chez nous. Expression de temps future  futueproche. Vacancesdansunefermeoudans lay campagne.

GSS 215                       Intermediate German I                                             1 Unit

All Tag, fahen and Auskunftgeben, arbeitsauftrageortenanageben, deutsche spracheaund deutsche kultur. Hiltverb, Aspekte und Aktionsarten, pralpsitionen, konjunktione and altribute infinitive unknjunktive. (English Translation): All-day affairs, traveling and arrival, Roman figures and working system in German. Geographic description of country; buying and sending method, free-time actives. German culture, help verbs, verbs forms, aspect and action forms of prepositions, conjunctions, attributes, infinitive and conjunctive).

ENT 221         Introduction to Entrepreneurship                                          2 Units

Introduction to entrepreneurship and new venture creation.Entrepreneurship in theory and practice.Personal and interpersonal characters and behaviral traits of entrepreneurs.  Forms of business, staffing, marketing, and the new venture. Determining Capital requirements; Raising capital, Financial Planning and management, starting a new business, Feasibility studies.Innovation Legal issues.Insurance and environmental considerations.Possible business opportunities in Nigeria. Time management Stress and burnout budgeting. Team building-Conflicts and conflict resolutions.Project evaluation. In addition to the lectures, experts may be invited from inside and outside the University system to deliver talks and share experience from time to time.

FIN 211:                     BUSINESS FINANCE                                     (2 Units)

Sources of Finance and the raising of New Finance Business Enterprises, Working Capital Management, Lease, Financing Mergers of New Acquisitions.The Techniques of Financial Planning and Control; the Interpretation and Analysis of Financial Statements.Financing of the Unincorporated Business, Small Scale Business and Agricultural Financing in Nigeria.

FIN 222:                     CORPORATE FINANCE                                (2 Units)

Investment Decisions of the Firm under Conditions of Certainty and Uncertainty, the Problems of Mutually Exclusive Projects, Capital Rationing and Inflation, the Measurement and Usefulness of the Cost of Capital as a decision and the Relevance of Dividend Decision of the Firm are Discussed.  Students will also be introduced to the concept of the Capital Market Efficiency and Pricing of Capital Assets.

FIN 223:                     MATHEMATICS FOR FINANCE               (2 Units)

Operations with numbers.Rules in Operations with Numbers.Common Fractions.Decimals Fractions.Ratio Proportions.Depreciations, Percent, trade and Cash Discount.Algebra of Real Numbers.Formula and Summation Sign.Rational and Irrational Numbers.Properties of Real Numbers.Equations, Factors and Factorization. Common Factor Difference of two squares.  Indices and Logarithms.Sequences, Series and Progression.Investment Appraisal Methods. Compounding and Discounting. Simple and Compound Interest Combinations and Permutations.Binomial Theory.Time Diagram.Equations of Value.Annuities, including Life Annuities.Amortization and Sinking Funds.Derivation of Bond Yields.Depreciations.Life Insurance and Policy Reserves.


BUS 313                      BUSINESS RESEARCH METHODS                          3 Units

Introduction to research methodology, skills of scientific investigation, information gathering, analysis and interpretation in dealing with business and organizational behaviour problems in Nigeria, steps in research Agenda and proposal. The art of problem identification, analysis and report writing. The problems and prospects of business research in seller's market like Nigeria, survey research and experimental research method, mechanics and style of research reports, ethical issues in management research. Skills of scientific investigation, information gathering, analysis and interpretation in dealing with business and organizational behaviour problems in Nigeria.Application of statistical tools in research study.

BUS 313          Commercial Law/Corporate Law                                                                 3 Units

Nature and Framework of e-Contracts: • Click wrap agreements. • Shrink-wrap agreement. • Electronic Data Interchange (EDI). • E-Signatures. • Enforceability of e-contracts

Law of Business Associations: 

􀂃 Company Law - Types and formation of companies (choice of name, documents of incorporation, The role and functions of the Corporate Affairs Commission, Securities and Exchange Commission, the Nigerian Stock Exchange and equivalent institutions.); consequences of incorporation, holding and subsidiary companies, company meetings and returns, issue of shares, duties relating public offer of shares, transfer of shares requirements, status and duties of directors, status and duties of company secretary, company accounts and audit, appointment and duties of auditors, appointment and duties of receivers, types of winding up (including significance of secured debts).

􀂃 Partnership Law – Applicable statutes, creation of partnership, essential elements of partnership, partnership distinguished from a company, general and limited partnership, rights and duties of partners, partners’ relationship with each other and with third parties, dissolution of partnership.

Trust and Estate Administration, Bankruptcy: Appointment, duties, powers, rights and accounts of trustees, executors and administrators, investments authorized by the Trustee Investment Act. Bankruptcy, issue of receiving order, appointment, duties and powers of Official Receiver and trustee in bankruptcy, statement of affairs and deficiency account, discharge of a bankrupt.

BUS     314     Management Information System                               2 Units

Introduction to, and fundamentals of Data Processing:-Brief history, and conventional data processing methods; manual methods and mechanized methods. Classification of systems and their relative merits.Closed loop and open loop systems.Effect on time-lag. The total system approach and objectives; total systems and sub-systems. Data processing and management information systems (MIS).The organization of MIS including the use of mechanical and electronic accounting mechanics. Flow Charting and the principles of systems design and documentation. Managerial uses of the information output as a basis for developing criteria and systems. Information needs of management and design of MIS. Computer and Data Processing  evolution of the computer and the computer system; input, output and central processing unit. Hardware and software.Introduction to common computer programming languages used in business (COBOL, FORTRAN, SPSS, etc). Electronic Data Processing (EDP) methods, batch processing, real time processing, and the management of  EDP. Business system hierarchical structure of organizations; the sub-optimization issue.

BUS 312          Quantitative Analysis 1                                                          2 Units

Introduction to quantitative application in business, tools and concept of quantitative analysis:- probabilities, matrices, calculus etc. business decision theory and analysis  decision making under certainty, risk and uncertainty. Decision rule, sensitivity analysis, estimation of cost behaviour patterns.Correlation and repression analysis etc.Operational Research. Decision theory; minimax criterion, minimax and maximax regret criterion, expected value linear programming, inventory and production control.

ENT 311/GNT 411     Introduction to Entrepreneurial Skills                       2 Units

Pre-requisite ENT 221

Some of the ventures to be focused upon include the following.

1.      Soap/Detergent, Tooth brushes and Tooth paste making

2.      Photography and video covering

3.      Dyeing/Textile blocks paste making

4.      Plumbing

5.      Tailoring and fashion designing

6.      Water treatment/conditioning/packaging

7.      Food processing/package/preservation

8.      Fisheries/Aquaculture

9.      Domestic Electrical Wiring

10.  Radio/TV Repairs

11.  Weaving

12.  Bakery

13.  Carpentry and wood works

14.  Leather tanning

15.  Interior Decoration

16.  Printing

17.  Animal husbandry (poultry, piggery, goat, etc.

18.  Vehicle maintenance

ECO 324         Managerial Economics                                                           2 Units

Uses and application of managerial economic includes the basic valuation model, nature of profile, and optimizing technique. Review of demand theory, demand, relationships and managerial decision, price and cross elastic ties of demand including short and long run effects trend. Factors in demand functions demand estimation techniques, consumer interviews. Market studies and experimentation, regression analysis and regression statistics including co-efficient of determination, standard errors of estimate and of the co-efficient and multi collinearity.Risk analysis. Utility theory and risk aversion. Adjusting the valuation model for risk techniques for decision making under uncertainty. Review of the production theory. The tree states of production and returns to scale break  even analysis and operating leverage, profit contribution analysis empirical cost analysis, structure, pure competition, monopoly, monopolistic competition, oligopoly and non-price completion. Price practices, cost-plus pricing, incremental analysis in pricing. Operation controls, monopoly control (utility and price regulation). Some antitrust cases in Nigeria.Decisions on long term investment. Capital budgeting business forecasting techniques  and their uses, trend projection, barometric methods, econometric models, in-put, output analysis.

FIN 317:  Mortgage Banking and Finance   (2 Units)

the housing situation and the importance of mortgage Finance Institutions: Housing Policies, Key Policy Issues and Trends. The Factors that Influence Housing Policy and Trends, Private Sector Participation in Provision of Housing. Relevant Policy Initiatives.Social and Economic Aspect of Housing.The Mortgages Finance Market.Primary and Secondary Markets. Mortgage Instruments, Mortgage Finance Institutions in Nigeria. The Federal Mortgage Bank and the Private Mortgage Institutions in Nigeria.The National Housing Fund.Need-Demand-Supply, the Primary Mortgage Institutions in Nigeria. Evolution of PMIs, the Regulatory Framework for the Industry, Scope of Operations, Statutory Returns, Savings and Investment Services Mobilization and Competition and Various Types of Customers’ Accounts, the Principles and Practices of Lending as Relating to Mortgage, Mortgage Loans, Bridging and Building Advances. Types of Loans Applications, Valuations, Assessment of Personal Covenants Advances Procedure Related Assurances and Insurances; the Law Relating to Mortgage Transactions, Form and Contents of Mortgage Deeds. Peculiarities of Different Types of Mortgage. Legal Equitable, Sub-Mortgage or Second Mortgage Security for Advances, etc.

Fin 318:                       Banking Ethics                                     (2 Units)

Introductory Theory of Ethics.Sources, Development and Application of Ethical Principles.Ethics, Morality and Law.Some Basic Concepts of Ethics.Scope of Ethics in the Modern Contexts, Business and Banking Ethics, including major principles of Business Ethics. Ethical Issues and Challenges in the Banking Business and Profession. Executive Morality and Ethical Dilemma.Major types of Ethical Problems of a Banker.Codes of Conduct and Ethical Standards for Banking and other Financial Services Business.Case Studies, including Legal Issues and Decision on Ethical Matters.

FIN 312:                     Public Finance I                                  (2 Units)

The Meaning and Scope of Public Finance.Principles of Public Finance.The Meaning and Nature of Public Expenditure.Structure of Public Expenditure.Types of Public Expenditure.Growth of Expenditure.The Meaning of Public Budget.Structure of Public Budget.The Budgets Procedure in Nigeria.The Budgetary Process, Classifications and Reforms.Types of Budgets.Theory of Public Revenue.Federal Revenue and Expenditure Profiles.State and Local Government Fiscal Systems.Meaning of Government. Why is Government necessary?  Schools of Thought on Emergence of Government.Conservative School of Thought. Types of Government: Unitary System of Government. Federal System.Efficiency versus Equity in Public Sector.Efficiency strategies. Cost Benefit Analysis. Concept of Need for Big Government.Functions of Government in a Free Market Economy.

FIN 322: Comparative Banking  (3 Units)

Political Economy of Banking.Banking under Capitalism.Banking and Socialism.Inter-country Comparison of Regulations and Conduct of Banks.Inter-temporal Comparison of Banking in Nigeria.Comparative Study of the Federal Reserve Bank (USA); Bank of England and Continental Central Banks. Central banks of Anglophone African Countries and the Problems they impose in the Formation of Regional Monetary Unions and Common Currency.

FIN 323:  Nigerian Monetary and Fiscal Policy         (3 Units)

Complementary Nature of Monetary and Fiscal Policies.Budgetary Objectives and Instruments. Different Budgetary Concepts and Implication for the Economy, Nigeria Budgetary Techniques; Capital Formation for Incentives; Inflation and Growth; Monetary and Fiscal Policies and the Business Cycle, Instruments of Domestic and External Monetary Control. Debt Management, Concept of Capital Formation and trends in Public/Private Sector and Foreign Capital Formation in Nigeria. Capital Formation and GNP. Capital Output Ratio (COR) Incremental Capital Output Ratio and Significant to Growth Rate Analysis.

FIN 324: Banking Methods and Processes                 (2 Units)

Securities for Bank Lending.Acceptance of Documents of Title.Prima  Facie as Securities: Vehicles and Chattels, Company Assets.  Trust, Receipts, Fixed Deposits, and Domiciliation of Payments: Perfection of Bank Securities: Land Mortgage, Guarantee, Debenture Bills of Sale of Vehicles and Chattels, Realization of Bank Securities, Guarantees, Bonds and Indemnities.  Banking and the Mechanism, Mode and Methods of Payment.Evolution of Banking Methods and Processes.Instruments of Payment in the Banking System.Clearing Houses.Electronics and Remote Control. Funds Transfer System, Social Aspects of Banking Processes.

FIN 325: Investment Banking   (2 Units)

Evolution of Merchant Bank.Distinguishing Features and Functions of Merchant banking.Laws and Regulations guiding Merchant Banking.Control of Merchant Banks.Merchant Bank Methods and Processes.Structure and Performance in Nigeria of Merchant Bank.Loan Syndication.Merchant Banks-International Operations, Investment Banking; Nature, Operations, Types, Activities and Evolution. Regulatory Framework of Investment Banking: Security Underwriting; Primary Markets; Secondary Markets. Corporate Banking. Investment Portfolio Management Leasing. Hire Purchase Agreements.Conditional Sales. Venture Capital and Venture Banking. Participants in Investment Banking: Discount Houses; Stock brokers, Trust Company, Issuing Houses, Insurance Companies. The Risk Elements: Assessments of Risk & Calculation of Yields, etc.

FIN 326: Nigeria Financial Systems   (2 Units)

The Central Bank, Commercial Banks, Merchant Banks, Development Banks, Investment Companies.  Insurance Companies etc. Role, Function, Evolution, Structure and Performance, Rural Banking, Marketing of Bank Services.Financial Markets.Role, functions, Structure and Performance, Comparative Banking and Financial Institutions, International Financial Systems.

FIN 327: Insurance and Risk Management   (3 Units)

Introduction to concepts of Risk and Uncertainty, Attitudes to Risk, Types of Losses Arising from Pure Risks, the Cost of Risks for Households, Firms; and Society.  The Aim of Risk Management: An Analysis of the Objectives of Risk Management for the Individual and for Firms, Relationship to Corporate Goals, Role of a Risk Manager within an Organization.  Analysis of Information, the Identification of Risk, the Measurement of Risk.  Risk Reduction, Statutory Requirements, Evaluation, Costs and Benefits of Risk Reduction.  Risk Transfer: Non-Insurance Methods (contract conditions, sub-contracting, etc).  Insurance, Financing Retained Risk: Methods (absorb as operating costs, funding, and captive insurance, contingency loans); Relative Costs, including tax treatment.

FIN 328: Banking Laws and Regulations   (2 Units)

Need for Nature and Forms of Bank Regulations.  Regulatory Agencies: their Evolution and Functions. Critical aspects of Banking Practices Subject to control, current status of Banking Regulations in Nigeria.Banking Laws and Regulations and their effect on Bank Performance.Status and Regulations governing the establishment and running of banks in Nigeria.Central Bank of Nigeria and its relationship with other banks; and Customer Relationship, Current Accounts, Over Draft, Deposit, Agency Partnership and Company Law. Formation, types of Shares, Debentures Borrowing Power, etc. bankruptcy: Acts of Bankruptcy, Procedures leading to adjudication, Distribution of Property Available, Invalid assignment of Properties; Distribution of Debtors’ Property and discharge of Bankrupt.  Property and Guarantee; Nature under Land Use Act; Methods of Transfer, Use as Security for Bank Advance, Life Assurance Policies, Stock and Shares; Essentials of Contract of Guarantor, Liability of the Guarantor, Rights of the Guarantor, The Principal Debtor co-securities Determination.  Agency Creation Rights and Duties of principles Partnership and Company Law, Formation, Dissolution, etc.Bankruptcy, Property Native under the Land Use Act, etc.Guarantees, Essentials of Contracts of Guarantees’, Liability and Rights of the Guarantor etc. Negotiable Instruments, Commercial Letters of Credit Hypothecation of Goods, Trust Receipts.  Status and Regulations the Establishment and Running of Banks in Nigeria, e.g. BOFID No. 25, CBAN Decree 22 Monetary, Credit, Foreign Trade and Exchange Rate Policy guidelines Agency: Types and Creation; Rights and Duties of Principles and Agents, Relations of Principles and Agents to third Parties, Bankers as Agents, Special Classes of Agents.  Business Law: Distinguishing features if Partnership, Formulation and Dissolution.  Company and Company law: Formation; Types of Shares; debentures; Borrowing Powers, Authority of Directors; winding up of Companies; Classes of Creditors in winding up, Acts of Bankruptcy; Procedure leading of Adjudication; Distribution of Property available, invalid Assignments of Property: distribution of Bankruptcy’s Property of discharge of Bankrupt

FIN 329: Public Finance II   (2 UNITS)

Fiscal Federalism.Nature of Problem and Solution of Fiscal Federalism.Constitutional Responsibilities.Principles of Revenue Allocation in Nigeria.The Structure and Management of Public Debt in Nigeria.Economics of Public Debt.Meaning of Public Debt.Burden of Public Debt.Models of Payment/Debt Rescheduling.Problems of Debt Rescheduling.Problems of Debt Financing.Debt Management in Nigeria.Features of a good tax system.Shifting and incidence.Effects of Taxation.Tax Structure and Administration.Personal Income Tax, Collection and Enforcement.The Property Tax and Rate.The Real Tax. The Income Tax Management Act 1961 as amended. The Assessment, Review and Appeals Procedure.Separatiuon of Tax Sources and Fiscal Responsibility among Federal Grants-In-Aid.

FIN 320:  Agricultural Finance   (2 Units)

Role of Agriculture in the Economy.Economic Analysis of Acquisition and Utilization of Capital, Supply and Demand for Fund in the Agricultural Sector.Sources of Agricultural Finance.Role of Credit in the Agricultural Business and Credit Analysis.Income and Cash Flow Statement of Farm Business. Risk Management in Agricultural Crop Insurance; Role of Financial System in the Provision of Agricultural Financing, Agricultural Credit Institution in Nigeria. Agricultural Finance and National Economic Policy.Challenges to Agricultural Financing.


FIN 411: Financial Management and Policy I  (2 Units)

The Nature, Scope and Purpose of Financial Management.Sources and Costs of Short, Medium and Long-Term Finance. Capital Budgeting; Management of Working Capital; Analysis and Interpretation of Basic Financial Statements, Sources and Problems of New Financing; Business Mergers and Takeovers; Determinants and Implications of Dividend Policy; Valuation of Shares, Assets and Enterprises.

FIN 412: Capital Markets and Portfolio Theory   (2 Units)

Introduction to Capital Markets and Portfolio Theory; Financial Markets; Description of the Nigeria Capital Market; Risk and Returns Management; Portfolio Theory – Portfolio Risk and Return, Optimal Portfolio Concept; Capital Market Theory – Capital market Line, Security Market Line and Capital Asset Pricing Model (CAPM), Diversification, Arbitrage Pricing Theory; Capital Management Efficiency Theory; Current State of Empirical Evidence on Models for Evaluating Portfolio Theory.

FIN 414: Pension and Insurance   (2 Units)

Basic Concepts: Meaning and Features of Trusts Generally.  Nigeria Law of Trust Applicable Laws.  Traditional Trusts Arrangements, Various Terms in Trusts: Settlers. Beneficiary, Nominee, and Legal and Equitable Ownership, Categories of Trust-Express and Implied Trusts, Trust Arising by operation of Law, Secret Trust in Wills Resulting and Constructive Trust. Creation and Validity of Trust – Settler – Capacity, the Effect of Insolvency and Mistake, Formalities Required on Creation of Trusts.  Completely and Incomplete Trusts, Imperfect Gifts, Executed and Executively Trusts, Essentials of Valid Trusts: Three Certainties. Creation – Qualification for Appointment, Removal and Retirement of Trustees. Particular Types of Trustees: Corporations, Professional, Control of Trusts Investment, Balance Between Beneficiaries, Exercise of Directions, Statutory and Express, including Investment Borrowing, Accumulation Maintenance Advancement, Delegation, Land and other Administrative Powers, Liabilities to third Party and Beneficiaries, Breach of Trusts, Rights: Indemnities, Remuneration, Rectification and Revocation by Beneficiaries and through Court Process, International Elements of Trust, Foreign Trustees. Beneficiaries and Investments, Export and Import of Trust, the position of Trust and Taxation, various kinds of Tax Estate, Income Tax, Capital Gains Tax and Inheritance Tax, Portfolio Investments and Pension Management and Trusteeship.

FIN 416:  International Trade and Finance   (2 Units)

The Emphasis here is on Foreign Exchange Theory and Practices.  International Money and Capital Markets.International Financial Transactions and the Activities of Multinationals.Balance of Payment Theory and Policy, Models of International Monetary Organization, Foreign Trade Multiplier, Integration, Internal and External Balance.The Foreign Exchange Market & its Efficiency, Role of International Reserves and Reform of the International Monetary System.Introduction to International Trade.Balance of Payments and its Adjustments.International Financial Institutions and Markets.Theory and Practice of Devaluation.International Capital Flows, External Debt and Financing, Portfolio & Foreign Direct Investment (FDI).

FIN 417:  Seminar in Banking and Finance   (1 Unit)

Conceptual Contemporary and Topical issues in Financial Skills of Scientific Investigation, Information gathering Analysis, Interpretation and Presentation in Financial Management.Problem Identification Analysis and Report Writing.Intuitive and Initiative Attitudes in Finance.

FIN 418:  Financial Services Marketing   (2 Units)

General Marketing Concepts for Goods and Services.Overview of Marketing of Financial Services.Strategies for Marketing of Financial Services.  Marketing Planning; Marketing Research; Product Development; Pricing, Financial Services Delivery; Promotional Mix; Public Relations (PR); Customer Relations; Marketing Audit; Ethics in Marketing, etc. Competitive Strategies in the Financial Service Industry.Globalisation, External Environmental Factors and their Impact on the Financial Service Industry.Financial Services Development and Development.

FIN 420:  Financial Management & Policy II   (2 Units)

Capital Structure: Effect of Capital structure on Corporate Returns; the Traditional Theory & Miller Modiglian; Hypothesis. The Evidence from Empirical Studies. The Concept of Coverage: Financial Coverage, Operating leverage and Combined Leverage. Dividend Valuation Models.Dividend Policy of Corporations.Working Capital Management, Debtors and Cash Management. Security Valuation Models: Valuation of Shares, Assets and Bonds (Fixed Income Assets) and Enterprises. More about Cost of Capital Theories & Models. Application of Capital Budgeting Techniques/Criteria to Physical Projects Evaluation e.g. NPV, IRR, Pay back Period, ROE, ROCE, etc.

ECO 415:  Econometrics   (3 Units)

The Nature and Scope of Econometrics. Correlation Analysis and the Classical Linear regression model (CLRM). Simple regression analysis; the Ordinary Least Square (OLS) Method.The basic assumptions of CLRM. The test of Significance of the Least Squares estimates, Multiple regression. Functional Forms of Regression Models, Dummy Variables.Violation of Basic CLRM assumptions – Multicollinearity, Hetroscedasticity, Autocorrelations; Introduction to Time Series Analysis and Application of Computer in Regression Analysis.

FIN 421:  Project Evaluation and Investment Analysis   (2 Units)

Project Concept and Dimension; Project Cycle, Techniques of Project Identification. Elements of Project Analysis: Assessment of Private Profitability. Cash Flow Dimensions; Analysis of Risk and Uncertainty; Project Evaluation and Review Techniques (PERT). Project Implementation, Assessment of Social Profitability. Cost and Benefit Analysis.

FIN 423: Bank Lending and Loan Administration   (3 Units)

The Objectives of Bank Lending and Credit Administration.The Structure of Bank Balance Sheet and its Analysis.Bank Lending. Credit Analysis, Loans Syndication. Bank Liquidity Management. Deposits, Asset Management: Composition, Management Approaches, Pool-of-Funds, Asset Allocation and Management Sciences Approach. Credit Analysis: Objectives, Scope and Sources of information. Financial Statements: Ratio Analysis. Short Term Business Loans: Secured and Unsecured. Business Term Loans.Profitability of Banks.Banking Decree 1969 as Amended Central bank of Nigeria Act 1958.BOFI Act 1991, Current Issues in Banking and Financial Institutions Sector of the Economy, etc.

FIN 424: Strategic Financial Management and Corporate Policy   (3 Units)

Nature and Scope of Strategic Financial Management – Principles and Effects of Corporate Governance.Corporate Strategy Information and Financial Management.Strategic Planning, Total Quality Management (TQM) and Impact of ICT; Environmental Analysis and Diagnosis, Strategic Advantage factor and Concept of Portfolio Matrix.Corporate Re-Structuring; Mergers & Acquisition, Packaging Banks for Recapitalization. Financial Management of Small and Medium Enterprises (SMEs) and Financial Institutions; International Financial Management: Case Studies.

FIN 400: Research Project   (6 Units)

A Systematic Field Research on a Current Banking and Finance Sector Topic Approved by a Supervisor and the Department.A Report of Reasonable and Acceptable Length and Quality.Forthrightly Discussions and Review of Progress Work with the Supervisor. The Project Work Comprises of an  Original Study of a Current Local Financial and Management Problem. The Aim is to help Student Develop the Ability to Identify Specific Problems and Make use of Various Concepts, Tools and Techniques to Arrive at Appropriate Solutions.

FIN 425:  Commodity Futures Exchange And Markets   (2 Units)

What a Commodity Exchange is, what Futures Market are. The need for the two types of Exchanges.Types of Commodity Exchanges and the Benefits of a Commodity Exchange.Organization and Management of a Commodity Exchange.Futures Markets and their Characteristics.The various types of Futures Contacts. Variants of the Futures Market (Derivatives) i.e. Foreign Currency Future, Interest Rate Future, and Stock Index Futures Options, Exchange and Mechanism of the Futures Options Contacts; Prospects of Futures and Options Trading in Nigeria. Impediments to the Development of Futures Ex

FIN 419: Bank Audit Inspection and Examination (C)   (2 Units)

An Overview of Bank Audit: Definition and Nature of Audit, Audit Function, Attribute and Ethical Principles of the Auditor, Risk Associated with Computer Operation and how to Minimize such risk.  The Legal Framework of Audit and Inspection: Constraint and Problems, the Role and Responsibilities of Eternal Auditors. Comprehensive Inspection Procedure of Special item: Cash, Waste, Loan, Overdraft, Clearing, Current/Savings Account, Fixed/Time Deposit, Personal Account, General Ledger Account, Foreign Exchange, Transfer and Remittances, Bills for Collection, Suspense Account, etc. Inspection: The Place of Inspection in the Organizational Framework of Banks, Organogram of Inspection Division, Philosophy of Branch Inspection, Advantages of Branch Inspection, Types of Inspection. Branch Inspection: Preparing for Branch Inspection and Inspection Activities at the Branch, Audit Programme and Engagement Letter, Branch Records and their Relevance. Core Inspection: Mid-stream, Wrap-up Activities, Performance Ratings and Inspection Report. Special Area in Banks Inspection: Prudential Guideline for Lost and Doubtful Debt Provision and Money Laundering. Investigation: Frauds and Nature, Sources of Frauds, Techniques used in Branch Inspection, the Inspector in a Mechanized Environment.

BUS 412          Business Policy                       2 Units

Business Policy as a Field of Study, Reason why Study BP The Concept of Corporate Strategy; Concepts of strategy in relation to business, Corporate, and Management. A Fundamental Approach to Strategic studies Linkage between organization and their environments. Introducing a Formal Strategic Planning System in a Business Firm; Concept of politics, decision  making, business objectives, performance criteria, structure, and managerial behaviours. Practice in calculating simple financial and economic indices from business data and other accounting information. Learning the ties and threats, strength and weaknesses of Business System.

How to Evaluate Corporate Strategy; Advance Treatment of Strength and weaknesses planning Corporate Strategy; strategic Management & the Strategic Management Process; project Implementation; Strategic Resources Allocation Procedure financial Aspect of Corporate Policy; Strategy & Business Portfolio; Evaluation your strategic Planning System; Resources allocation Model; The theory of optional investment Planning Resources in Nigeria. Factors in Lease-Levy Decisions; Lease Vs Borrowing.

BUS 414 Analyses for Business Decisions                             3 Units

Elements of Decision analysis, types of Decision Situations, Decision Trees, Operational Research (OR) Analysis, Approach to Decision Analysis, Systems and System Analysis; Modeling OR, Simulation; Cases for OR Analysis, Mathematical programming; Transportation Model, Assignment, other, OR Model, Conflict Analysis and Game Theory, Project management, Inventory Models, Replacement, Line balancing, Routing and Sequencing, and Series.