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This study investigates the effects of fiscal deficits on stock prices in Nigeria, utilizing vector auto-regression and error-correction mechanisms (ECM) techniques with annual time series data spanning 1984-2010. The results reveal, amongst others, that fiscal deficit is negatively related to stock prices. Therefore, to maintain a robust stock market, the authorities are expected to de-emphasize monetary financing of fiscal deficits in preference for bond-financing, since the former not only promotes the problems of inflation in the economy, but also depresses stock prices as well. Such efforts should be complemented by mounting more vigorous awareness campaigns to help sensitize and attract more investors into the stock market. [PUBLICATION ABSTRACT]

Using a sample frame of seven hundred micro enterprises in some selected part of Benin City, the study considered electricity infrastructure failure and the development of micro sized enterprises in Benin City, Edo State, Nigeria. More than fifty nine percent of the owners of business agree that they usually experience light outages for more than five hours per day which usually peak in the afternoon; the boom of business period. This leads to financial and customer losses on the operators of micro enterprises. Further more, it sometimes leads to equipment damage. As regards infrastructure needs, electricity was rated first by the respondents followed by water and roads. Though, corruption by electricity supply officials and equipment failures were rated by enterprise owners as the major reason for poor power supply, they suggested that competition for electricity supply should be encouraged while electricity tariff be increased. [PUBLICATION ABSTRACT]