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Cash Conversion Cycle and Performance of Listed Healthcare Companies on the Nigerian Stock Exchange

Ambe Alfred Neba
Department of Accounting
Gombe State University
Email: nebaa2002@yahoo.co.uk

ABSTRACT


Though wide spread studies show a strong link between cash conversion cycle and financial performance of organisations around the world, there are however, limited studies of such found in developing countries. This study examines the cash conversion cycle and financial performance of listed healthcare companies on the Nigerian Stock Exchange for the period 2012 to 2016, in order to establish the relationship between cash conversion cycle and financial performance. The study used descriptive analysis and the correlation model. The data was obtained from the published financial statements and accounts of firms by Nigerian Stock Exchange. The
Pearson Correlation coefficient was calculated to establish the relationship and a ttest administered to determine the significance of the relationship. Key findings were that there exists a negative relationship between cash conversion cycle and financial performance of healthcare companies listed on the Nigerian Stock Exchange – a negative return of -0.313; that the sectorial correlation coefficient, was -0.1471; and
that the reduction of turnover period can increase financial performance and profitability. This suggests that firms with short cash conversion cycles were likely to perform better than those with long cash conversion cycles. Firms in the sector are therefore encouraged to shorten their cash cycles. Also recommended is that healthcare companies should deliberately and efficiently control cash along their supply chain networks and avoid stockpiling. Key words: Cash Conversion cycle, Inventory Turnover, Average payment Period.


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Bacteriological Assessment of Musa paradisiaca and Cymbopogon citratus leaf Extracts on Staphylococcus aureus Isolated from Seasoned Yaji sold in Avyi Ward, Wukari

*Awujo Nkem Chinedu, Tatah, Terence Nachacius, Agbochenu, Adah Isaiah
Department of Microbiology,
Federal University Wukari, P.M.B. 1020 Wukari, Taraba State
Email: chineduawujo@gmail.com; chineduawujo@gmail.com
*Corresponding Author

ABSTRACT


The antimicrobial properties of plants have been well documented globally.
Scarcely any assessed their activities against potentially food poisoning
organisms directly isolated from the contaminated foods. This present study was designed to evaluate the antimicrobial effects of extracts of Banana (Musa paradisiaca) and Lemon grass (Cymbopogon citratus) leaves on Staphylococcus aureus isolated from Yaji, a Nigerian seasoned spice. The
standard organism used was S. aureus ATCC 6538. The cold and hot water
extracts of the fresh and dried leaves of both plants showed no effectiveness against the isolates. The ethanolic extracts of fresh Lemon
grass leaves showed no effectiveness against S. aureus. However, fresh
Banana leaf extracts at 100mg/ml produced inhibition zones of 22mm and
26 mm against S. aureus ATCC 6538 and the test S. aureus respectively.
The dried Lemon grass leaf extract at 100mg/ml, produced inhibition zone
diameters of 13mm and 14mm against the typed S. aureus strain and the test S. aureus respectively while at 50mg/ml, it produced an inhibition zone of 11mg/ml against S. aureus ATCC 6538 only. This study established the
efficacy of fresh and dried ethanolic leaf extracts of Banana and Lemon
grass respectively against S. aureus. The extracts of these plants should be
further analyzed to isolate the specific phytochemicals responsible for
their antibacterial properties. This research and eventual commercialization of the bioactive agents will be an added arsenal in the treatment of staphylococcal food infection and poisoning.


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Effects of Ethanol Extract of Momordica balsamina and some Antioxidants on Antibody Production in Broilers Challenge with a Virulent Newcastle Disease Virus

Agang, I D1; Sai’du12, L; Abdu, P A2; Suleiman, M M3 ; Riki, R J1;
Hamagda, F O1; Darlington, K O1; Okonkwo, R4; Akuehielem, G C1;
Ibeme-Awoloh, O1 ; Diuwu, J; Ayomoh, E E and Holms, M J5
1Dianostic and Extension, National Vet. Res. Institute, Vom-Nigeria.
2Dept. of Vet. Med, Faculty of Vet Med, Ahmadu Bello University, Zaria- Nigeria. 3Dept of Pharmaco and Toxico, Faculty of Vet Med, Ahmadu Bello University, Zaria 4National Vet Res Institute, Vom- Nigeria.
5Truth Baptist Church, Area D, Nyanya Abuja- Nigeria/ Foundemenal Baptist Missions Inenational Missionaries Mississiippi-USA
Email: ishayaagang@gmail.Com.

ABSTRACT


Newcastle disease (ND) possess a serious threat to the poultry industry
as it has economy and ecological impact on pet, free living as well as
domestic birds. The aim of the effects of some antioxidants and M.
balsamina on antibody production in broilers challenged with ND Kudu II3
virus. Two hundred day-old broilers were procured from a hatchery in
Ibadan. The chicks were brooded for 4weeks then divided into 8 groups
of 20 chicks each. Each group was housed in a pen on deep litter system
with a floor space of 1.14 cm2. Birds in GI were housed outside the faculty.
All the experimental groups except group 1 were challenged with NDV
Kudu II3 virus strain and that group I was given 2 L of distilled water at
5 weeks of age. Birds in group 2 were challenged with NDV and not treated
with any antioxidant but given 2 L of water at 5 weeks of age. Birds in
group 3 were administered vitamin C (600 mg tablets in 2 L of water orally.
Birds in group 4 were treated with Vitamin E (400 mg/2 L IU soft gel
Capsules orally and challenged. Birds in group 5 were treated with
selenium-vitamin E (1 ml/ 2 L) of water orally. Birds in group 6 were
treated with ethanol extract of M. balsamina leaves (400 mg/ 2 L) of
water orally. Birds in group 7 were administered ethanol extract of M.
balsamina roots (200 mg/ 2 L) of water orally and birds in group 8 were
2 | IJMSAB Effects of Ethanol Extract of Momordica Balsamina and some Antioxidants on Antibody Production in Broilers Challenge with a Virulent Newcastle Disease Virus administered ethanol extract of M. balsamina leaves (400 mg + Vitamin C 600 mg) in 2 L of water orally. The birds were bled for whole blood and serum weekly at 3,4,5,6 and 7 weeks of age. The mean haemagglutination inhibition (HI) antibody titres at week 6 were 0.8 log2 4.5 log2 6.8 log2 for groups 1, 2 and 4, respectively. The mean enzyme Linked Immunosorbent assay antibody titres at week 6 were 3.5, 3.7 and 3.8 for groups 1, 2 and 8, respectively. In conclusion, ethanol extract of M. balsamina has no site effect even when administered at high doses of up to 5,000 mg per bird. Ethanol extract of the roots of M. balsamina has ameliorative effect against NDV by reducing mortality rate. Vitamin C also had ameliorative properties against NDV by reducing the pathology induced, and reduced mortality rate. Combining vitamin C (synergistically) with ethanol extract of M. balsamina leaves was recommended for treatment of ND. Keywords: Momordica balsanina, haemagglutination inhibition, antioxidants, Enzyme Link, Immunosorbent Assay, log, Cobb 500,
Newcastle disease


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Effect of Steel Fibre from Waste Tyres on the Compressive, Flexural Strength and Workability of Concrete

Gana A.J, Braimoh S. O, Ajanaku A. D & Amodu M.F,
Department of Civil Engineering,
Landmark University, Omuaran, Kwara State
Email: gana.abu@lmu.edu.ng, braimoh.solomon@lmu.edu.ng, amadu.matthew@lmu.edu.ng

ABSTRACT


These studies evaluate the effects of steel fibres from waste tyres to determine the workability, compressive and flexural strength of concrete. Steel fibres were gotten from waste tyres by burning and cut into a length of 60mm, sand was used as fine aggregate while granite was used as coarse aggregate. Dangote cement was used as binder, mixed with portable water. The steel fibres were sectioned into different percentage which are 0%,0.2%,0.4%,0.6%,0.8%,1.0% by total volume of concrete in this study the shape of specimen used for compressive strength was cube by size 100
x100 x100mm while for flexural strength a rectangular beam of size 100 x 100 x 400mm was used. the mix ratio was by weight 1:1.5:3 using grade M20 concrete and 0.4 water/cement ratio a total of 54 samples were casted and cured for both compressive and flexural for 7, 21,28 days before testing. The result showed that there was an increase in the compressive and flexural strength at 7, 21,28days for both 0.2% and 0.4% with a value greater than the control value before three was a gradual decrease in the strength of the SFRC due lot of steel fibres present in the concrete as the percentage increases The result gotten from the slump cone test shows that there was a gradual decrease in the workability of concrete as the percentage of fibre increases Keywords Effect, Steel Fiber, Waste Tyres Compr, Compressive, Flexural Strength, Workability and Concrete


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School Facilities and Students’ Academic Performance in Oshodi-Isolo L. G. A. Senior Secondary Schools, Lagos State

Ahmodu, Abdul-Lateef Olamide & Salaam Sariat Iyabo
Department of Management Sciences, Wesley University, Ondo. Nigeria
Department of Educational Management and Business Studies, Federal University Oye-Ekiti,
Email: ahmoduolamidelateef10@gmail.com & sariat.salaam@fuoye.edu.ng

ABSTRACT


The study investigated the relationship between school facilities and students’ academic performance in Oshodi-Isolo Local Government Area Senior Secondary Schools, Lagos State. The study used a survey research design with a total population of 445 teachers and principals from the eighteen (18) senior public secondary schools as documented by Lagos State School Censor Reports (2021). The Krejcie and Morgan sampling techniques were used to select fifteen (15) Senior Secondary Schools for the study, with a sample size of 196.A questionnaire with a 4-point likert scale was used to collect data for this study to gather information from teachers and
principals about students’ academic performance. The researcher created a pro-forma to generate students’ academic results in SSCE (WAEC) from the principals between 2013/2014 and 2017/2018 academic years. Crombach Alpha reliability was used, and the coefficient was 0.912, which is very good. The method of data analysis used was descriptive and Pearson Product Moment Correlation Statistics to test the research hypotheses. The hypotheses formulated were tested at a 5% level of significance. The study revealed that the levels of school facilities and students’ academic performance were relatively high during the period under investigation. The study also revealed that library and laboratory facilities were positively significant to students’ academic performance. Based on these findings, it was therefore recommended that government should continue to lay more emphasis on school facilities particularly in the areas of the school building and laboratory equipment to improve students’ academic performance.
Keywords: School, Facilities, Students, Academic and Performance.


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Instructional Material: It’s Availability, Suitability and Utilization in Teaching Biology at G.S.S, Hong

1Fami E. Pakka, 1Habila Sonka, 1Winfred William & 2Mercy. L. Davaza
1Department of Biology, Adamawa State College of Education, Hong.
2Adamawa State College of Education, Hong
Email: elijahfami@gmail.com; mercyemma906@gmail.com winfredwilliam9@gmail.com;
sambiochemist@gmail.com

ABSTRACT


This is a survey on the use of instructional materials in teaching Biology at
Government Senior Secondary School, Hong. The study aimed at documenting on the availability, suitability/relevance and the utilization of instructional materials in the school among senior secondary two (2). 81 respondents comprising of 2 biology teachers and 79 students were given a structured questionnaire to complete after seeking due consent from the school authority and the respondent in person. Over 80.0% of the responses indicated that there were adequate instructional materials for teaching Biology in the school. More than 85% inked that the instructional materials
were relevant and that they understood better when they were used in teaching and slightly above 53% agreed that the instructional materials available were utilized during lesson delivery. It was recommended that there should be teacher training/retraining in the uses of modern instructional materials in teaching biology Keywords: Instructional Materials, Availability, Suitability/Relevance, Utilization,Hong


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Effect of Accidental Choice of Study Course on University Students’ Interest in their Courses and Career Objectives in Sokoto State University

Hauwa Yaro Bodinga, Rilwanu Muazu Lamido & Saratu Yusuf
1Department of Educational Foundations
Sokoto State University
E-mail: hauwahyarob@yahoo.com

ABSTRACT


This paper is an assessment of effect of accidental choice of study course on university students’ interest in their courses and career objectives in Sokoto state university.Accidental choice of course of study implies to admitting students to study a course they did not applied for without any option. The study argued that, accidental choice of course of study on university students’ interest and career objectives. Objectives of the study include: to investigate the causes accidental choice of course of study, student’s interest in it, how it affects students’ academic performance, and how it
affects students’ career objectives. 200 university students admitted accidentally were used as sample of the study. Simple descriptive statistics was used analyzed the data collected. It was found that. Majority of the respondents were given courses of study accidentally on the ground of their low scores in JAMB examination or deficiency in JAMB examination scores or deficiency in SSCE and/or wrong combination of subjects for JAMB examination. Few among the respondents later developed interest in the accidental courses of study given to them. Majority of the
respondent agreed that, the accidental courses of study given to them did not affect their academic performance, likewise it did not affect their career objectives. It was recommended based on the findings that, JAMB should review their admission policy to minimized the level of given applicants courses of study accidentally because it affects some of the student’s career goals. At the same time, they should maintain their standard and reputation.


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Structural Assesment of Concrete Produced with Broken Bottles as a Partial Replacement of Coarse Aggregate

Gana A.J, Braimoh S. O, Okwuole I. A. & Amodu M.F
Department of Civil engineering
Landmark University, Omuaran, Kwara State
Email: gana.abu@lmu.edu.ng, braimoh.solomon@lmu.edu.ng, amadu.matthew@lmu.edu.ng

ABSTRACT


In Nigeria, the rate at which waste is produced daily is very high, which leads to environmental pollution, global warming and high cost of disposal. The cost of disposal increases as the rate at which waste is produced increases, so researches derived a method of reducing the cost of disposal by reducing the amount of waste produced. Waste was used as a partial replacement in the production of concrete in civil engineering construction. In this study, industrial waste (waste glass) was used as partial replacements of coarse aggregate in the production of concrete. In this
study, broken bottles replaced coarse aggregate for 2%, 4%, 8% and 10%. 45 cubes and 45 cylinders were casted for 0%, 2%, 4%, 8% and 10% replacement of coarse aggregate with broken bottles. The grade used was m15 (1:2:4). Slump test and compaction test was done to determine the workability and consistency of the mix. Compressive strength test and split tensile strength test was carried out for 0%, 2%,4%, 8% and 10% to determine the strength of the cubes. The result from the analysis
showed that the 0% (control) had the highest compressive strength of 20.01
N/mm2 at 28 days for the casted cubes. The highest compressive strength gotten from partial replacement of aggregates with percentages of broken bottles was at 2% having a compressive strength of 18.47 N/mm2 at 28 days and the lowest compressive strength was at 10% having a value of 13.24 N/mm2 at 28days. Also, for the split tensile strength, the highest tensile strength gotten was at 0% (control) with a value of 2.09 N/mm2 at 28days and lowest tensile strength was at 10% having a value of 1.29 N/mm2 at 28 days. The highest replacement was at 2% having a tensile strength of 1.80 N/mm2 at 28 days. The result for the slump test and compaction factor test showed that the slump value, which had the highest workability, was at 0% having a value of 74mm and compaction factor value was at
10% having a value of 0.94mm. The result proves that the use of broken bottles as partial replacement for the coarse aggregates is possible and acceptable at 2% to 4% since it has not exceeded the minimum compressive strength value at 28 days for m15 (mix ratio 1:2:4).Keywords: Structural, Assessment, Concrete, Broken Bottles, Partial Replacement,
Coarse Aggregate


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Analysis of Post-Harvest Losses in the Production and Marketing of Fresh Tomato in Kano State, Nigeria

Mohammed Mustapha Bada1, Ashafa Salisu Sambo2, Kabir Abdulaziz3, and Ibrahim Yakubu2
1Bank of Agriculture, Maiduguri Main Branch, Maiduguri, Borno State, Nigeria.
2Nuhu Bamalli Polytechnic Zaria, Kaduna State, Nigeria.
3Dala Inland Dry Port, Kano, Nigeria.
E-mail address: ashafasambo@gmail.com

ABSTRACT


The study analysed post-harvest losses of fresh tomato marketing at various stages of the food supply chain viz. farm, wholesale and retail market levels in three Local Government Areas (LGAs) of Kano State namely; Kura, Tofa and Wudil. Multi-stage sampling technique was used for sample selection. A pretested questionnaire was used
to collect data from the respondents selected randomly. A proportion of 10% of actors was chosen from a sample frame of 1604. The sample size comprises 96 producers, 21 wholesalers and 43 retailers making a total of 160 respondents. The data collected were analysed using descriptive statistics and the Post-harvest loss estimation model. The results of the analysis revealed that the major causes of tomato post-harvest losses were physical fruit damage, pest and disease attack, and varietal
characteristics. The losses were greater during harvest for producers and greater during storage for the marketers. To reduce problems associated with post-harvest losses, the study recommends training farmers on post-harvest handling technologies, providing improved packaging, storage, and transportation facilities at affordable prices, harvesting produce at the proper maturity stage, and avoiding the avoidance of rough
handling of fruits to reduce physical damage. Keywords: Tomatoes, Post-harvest losses, Production, Marketing, Kano State,
Nigeria.


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Comparing the Characteristics Strength of Hollow Sandcrete Blocks Produced Manually in Landmark University and Machine Compacted in Omu-Aran Metropolis

Gana A.J, Braimoh S. O, Momoh E.U & Amodu M.F,
Department of Civil Engineering,
Landmark University, Omuaran, Kwara State
Email: gana.abu@lmu.edu.ng,braimoh.solomon@lmu.edu.ng, amadu.matthew@lmu.edu.ng

ABSTRACT


This project work investigated and compared the strength of manual method of producing hollow sandcrete blocks with machine compaction method of producing hollow sandcrete blocks obtained from Omu-Aran, Kwara State, Nigeria. A total of sixty (60) was used for this project work. The block industries were visited and a total of Forty-eight (48) blocks were obtained, twelve (12) blocks for both 6” and 9” from four block industries and control sample of 1:7 mix design were produced, six (6) blocks each of 6” and 9”. The blocks were subjected to various tests such as dimension check, bulk density, water absorption and compressive strength. The average density in these industries and control sample were within the minimum bulk density of 1,500 kg/m3 specified by BS 2028 (BSI 1975). The water absorption rates for the block industries ranged between 8.826 to 13.363% compared to the average water absorption for the control sample which 10.1%. Only one block industry was able to meet the minimum requirement for water absorption, which is below 12%. The compressive strength for 6-inch blocks from the block industries ranged from 0.25-0.41N/mm2 and for 9-inch ranged from 0.3-0.49N/mm2 compared to
the compressive strength of control samples for 6-inch and 9-inch produced were 0.31N/mm2 and 0.39N/mm2 respectively, which are below required standards. It revealed that machine compacted blocks have a higher compressive strength than the manually compacted blocks, but all the samples of the sandcrete blocks were below the Nigeria Industrial standard (NIS 87:2000) specification. Keywords: Comparing, Characteristics, Strength, Hollow Sandcrete Blocks, Produced Manually, Machine Compacted, Omu-Aran Metropolis.