NAME: Onyemachi Maxwell Ogbulu
RANK: PROFESSOR OF FINANCE
AREAS OF SPECIALIZATION: Investment Analysis, Portfolio Theory,Financial Markets and Finametrics.
DATE OF BIRTH: 18thJuly, 1956.
ACADEMIC QUALIFICATIONS:B.Sc (Econs), MBA (Finance), Ph.D (Finance)
RESEARCH COLLABORATIONS: With TETFUND, International Academy of Business,
USA and Markowitz Centre for Research & Development, Port Harcourt.
STATE OF ORIGIN: Abia State
LOCAL GOVERNMENT AREA: Akwete, Ukwa East LGA.
AWARDS:
Certificate of Honour Awarded by the Finance and Banking Students Association (FIBSA), Abia State University, Uturu in Recognition of my contributions towards the upliftment of academics in the Department of Banking and Finance dated 1stNovember, 2001.
Certificate of Honour Awarded by Finance and Banking Students Association (FIBSA) of Abia State University, Uturu for being an Indisputable Lecturer and Action Head of Department, dated
Merit Award by Abia State University, Uturu in Recognition, Honour and Appreciation of my Sterling Contributions to the Phenomenal Growth and Development of Abia State University, Uturu dated 7thAugust, 2007.
Professional Excellence International Award by the Institute of Global Resource Management, Abuja, in Honour and Recognition of my Distinguished Contributions to Human Resource Development and Outstanding Contributions in the Education Sector dated 20thOctober, 2007.
Certificate of Merit Awarded by The Vice Chancellor, Abia State University, Uturu,on behalf of the University Senate and Administration in Recognition and Appreciation of my Outstanding Contributions as Head of Department towards the attainment of full Accreditation by the Department of Banking and Finance in the 2007/2008 NUC Accreditation Visitation exercise dated 29thJuly, 2008.
Merit Award by the National Union of Asa Students, Abia State Polytechnic, Aba in Recognition of my Contributions towards Academic Development and Service to Humanity, 2008/2009.
Education Excellence Award by Childfest in Recognition of my Contributions Towards the Development of Education in Ukwa West LGA, Abia State dated 15thDecember, 2011.
Merit Award as Man of Valourby St. Andrew’s Anglican Church, Ohuru Parish, Ukwa East LGA, Abia State in recognition of outstanding achievements and special support to Evangelism and upliftment of humanity, 21stJune, 2015.
Presented with Award of Honour by the National Union of Asa Students (NUAS), Abia State University, Uturu Chapter as a Custodian and Promoter of African Culture and in recognition of Service to Humanity dated 13thday of August, 2015.
Admitted as Research Fellow of The International Academy of Business and Behavioural Sciences (IABBS), Hamden, Connecticut, USA with Designatory Letters: FIABBSin recognition of Outstanding Contributions to Research and Academics, dated 2ndSeptember, 2016.
MEMBERSHIP OF PROFESSIONAL BODIES:
Fellow (FABE), Association of Business Executives (1991-Date)
Investment Adviser/Fund Manager(SEC) Registered (1990-1991)
Fellow (FRHD), Strategic Institute for Natural Resources and Human Development. (2008-Date)
Fellow (FCFIA), Chartered Institute of Financial and Investment Analysts, Nigeria. (2013-Date)
Research Fellow (FIABBS), International Academy of Business and Behavioural Sciences (IABBS), Hamden, Connecticut, USA. (2016-Date).
CURRENT RESEARCH INTEREST:
Further tests of the semi-strong efficiency of the Nigerian Capital market;
Examination of the volatility and memory level of the Nigerian Capital market;
Assessment of the desirability and feasibility of establishing a virile Futures market in Nigeria.
Determinants of Investment Behavior in the Nigerian Stock Market:
Survey of Households in Nigerian Universities in the South East and South-South States of Nigeria.
PUBLICATIONS: JOURNALS:
Ogbulu, O. M. (1999). Industrialization in Abia State: Problems and prospects, Journal of Industrial Business & Economic Research (JIBER),Department of Economics, University of Port Harcourt, Vol. 3, No. 2 July-Dec. pp. 700-707.
Ogbulu, O. M. (2000). Leadership, motivation and evaluation as vehicles for optimum performance in the banking industry, Journal of Industrial Business & Economic Research (JIBER),Department of Economics, University of Port Harcourt, Vol. 4, No.1, Jan-June, 760-771.
Ogbulu, O. M. (2000). Development and management of venture capital in Nigeria, Journal of Industrial Business & Economic Research (JIBER),Department of Economics, University of Port Harcourt, Vol.4, No.2, July-Dec. pp. 914-924.
Ogbulu, O. M. (2000). Electronic banking in Nigeria: Conceptual issues and impact on the Nigerian banking system, African Journal of Applied And Theoretical Economics (AJATE),Department of Economics, University of Port Harcourt, Vol. 4, No.2, pp.214-228.
Ogbulu, O. M. (2003). Pricing techniques in the commodity exchange and futures markets: Modalities and prospects for Nigeria, Journal of Industrial Business & Economic Research (JIBER),Department of Economics, University of Port Harcourt, Vol. 7, No.1 Jan-June. pp. 86-107.
Ogbulu, O. M. (2004). Market portfolio and capital asset prices: Conceptual issues and methodological enquiry,African Journal of Applied & Theoretical Economics, (AJATE),Department of Economics, University of Port Harcourt, Vol. 8, No.1 , pp. 57-74.
Ogbulu, O. M. (2004). Exchange rate movements and balance of payments adjustment process in Nigeria, African Journal of Applied & Theoretical Economics, (AJATE),Department of Economics, University of Port Harcourt, Vol. 8. No.2, pp.35-46.
Ogbulu, O. M. (2006). Universal banking and the efficiency of the financial system: A critical analysis, Journal of Finance & Economic Research (JOFER),Department of Banking & Finance, Abia State University, Uturu, Vol.1,No.1,Jan.pp. 36-47.
Ogbulu, O. M. & Ngwakwe C.C. (2006). Distress factors in banking crises, Journal of Finance And Economic Research (JOFER), Department of Banking and Finance, Abia State University, Uturu. Vol. 1,No.1, Jan. Pp. 60-69.
Ogbulu, O. M. (2006). Deregulation, exchange rate movements and balance of payments adjustment process in Nigeria: An empirical analysis, ABSU Journal of Accounting And Finance,Department of Accountancy, Abia State University, Uturu,Vol.1, No.1, March, ,pp.136-150.
Ogbulu, O. M. (2008). Small and medium scale enterprises, incentive packages and economic growth in Nigeria: A critical analysis, African Journal of Entrepreneurship,Vol.1, No.1, pp.180-199.
Ogbulu, O. M. & Oko, Ndu. A. E. (2009). Lease financing and economic growth: Evidence from Nigeria, The Nigerian Journal of Financial Research (NJOFIR),Dept of Finance And Banking, University of Port Harcourt, Port Harcourt, Vol.7, No 1&2, pp. 70-82.
Ogbulu, O. M. & Emeni, F. (2009). Testing the relationship between price-to-earnings ratio and stock returns in the Nigerian Stock Exchange market, International Journal of Accounting, Finance And Economics Perspectives,(A Publication of The International Academy of Business and Behavioural Sciences, IABBS), Department of Accounting, Southern Connecticut State University, New Haven, Connecticut, U.S.A., Vol. 1. No. 1. Winter, Pp. 61-79.
Ogbulu, O. M. (2009). Capital market development and economic growth in Nigeria: Application of co-integration and causality tests, Journal of Finance, Banking And Investment (JOFBI),Department of Banking And Finance, Abia State University, Uturu. Vol.3, No.1, April, pp. 1-19.
Ogbulu, O. M. et. al (2009). Transforming the oil curse in Nigeria into blessing: The case of fiscal policy implication. Journal of Business And Economic Research,Centre For Development Strategies in Africa (CEDSAF), Port Harcourt, Vol.1, No.3, pp.108-120.
Ogbulu, O. M. & Paul, N. (2009). The impact of black market exchange premium on the inflows of foreign direct investment (FDI) in a liberalised economy: The Nigerian case, Journal of Finance And Economic Research (JOFER),Dept of Banking And Finance, Abia State University, Uturu. Vol.2. No. 1, pp. 116-128.
Isu, H.O., Ogbulu, O. M. & Paul, N. (2009). Trade openness and its impact on foreign direct investment inflows to Nigeria, Journal of Finance, Banking And Investment,Dept of Banking And Finance, Abia State University, Uturu. Vol.3, No.1, April, pp. 120-130.
Ogbulu, O. M. & Paul, N. (2009). Stock prices and exchange rate movements: The case of Nigeria, Journal of Finance And Economic Research (JOFER),Dept of Banking And Finance, Abia State University, Uturu, Vol.2, No.1, March, pp. 1-17.
Ogbulu, O. M. & Emeni, F. (2010). Ownership structure and the performance of quoted companies in Nigeria, International Journal of Business And Behavioural Research,(A Publication of The International Academy of Business and Behavioural Sciences, IABBS), Department of Accounting, Southern Connecticut State University, New Haven, Connecticut, U.S.A. Vol.1, Number 1, Fall. Pp. 60-73.
Ogbulu, O. M. (2010). The interaction between stock returns, inflation and interest rates in Nigeria: Test of Fisher’s Hypothesis, International Journal of Accounting, Finance & Economics Perspectives,ISSN: 2161-1556, Vol.2, No.2. pp. 69-85.
Ogbulu, O. M. & Uruakpa, P. C. (2011). Monetary policy and stock prices in Nigeria: A co-integration and error correction approach, ABSU Journal of Arts, Management, Education, Law and Social Sciences (Jamelss),Vol. 1. No.1, pp. 60-85.
Ogbulu, O. M., Okereke, E.J. & Arewa, A. (2011). An empirical evaluation of the relationship between stock returns and volatility based on ARCH-GARCH Model, ARASH: A Journal of ISMDR (Indian Society for Management Development & Research),Vol.1, No.2, July, Pp. 10-18.
Ogbulu, O. M. & Torbira, L. L. (2012). Budgetary operations and economic growth: The Nigerian perspective, British Journal of Arts and Social Sciences,ISSN: 2046-9578, Vol.4, No.2, pp. 180-194.
Ogbulu, O. M. & Mbazie, S. (2012). NEEDS and sustainable community development in Abia State, Nigeria, British Journal of Humanities and Social Sciences,ISSN: 2048-1268, Vol.4, No.2, pp. 80-89.
Ogbulu, O. M & Arewa, A. (2012). The long-run directional relationship between leverage and dividend payment: Empirical evidence from the Nigerian Stock Exchange (1984-2010), Asian Journal of Business and Management Sciences,ISSN: 2047-2528, Vol.2, No.1, pp. 29-59.
Ogbulu, O. M. & Emeni, F. (2012). Determinants of corporate capital structure in Nigeria,International Journal of Economics and Management Sciences,Vol. 1, No.10, pp. 81-96.
Ogbulu, O. M. & Emeni, F. (2012). Corporate governance and bank performance in Nigeria: A correlation analysis, Economics and Finance Review,Vol. 2, No.4, pp. 14-23.
Ogbulu, O. M. & Emeni, F. (2012). Agency cost and business fluctuations: Case study of the Tobacco and Food/Beverage sectors of the Nigerian economy, International Journal of Economics and Management Sciences,Vol.1, No.10, pp. 97-107.
Ogbulu, O. M. & Emeni, F. (2012). Capital structure and firm value: Empirical evidence from Nigeria, International Journal of Business and Social Sciences,Vol.3, No. 19, pp. 252-261.
Ogbulu, O. M. & Torbira, L.L.(2012). Monetary policy and the transmission mechanism: Evidence from Nigeria, International Journal of Economics and Finance, Vol.4, No 11, pp. 122-133. ISSN 1916-971XE-ISSN 1916-9728.
Mbazie, S. & Ogbulu, O. M. (2012). The mass media and the privatization campaign: Asurvey of the Port Harcourt public in Nigeria, International Journal of Humanities and Social Sciences,Vol. 2, No.21, pp. 256-267.
Abaenewe, Z.C., Ogbulu, O. M., & Ndugbu, M.O. (2013). Electronic banking and bank performance in Nigeria, West African Journal of Industrial & Academic Research,(International Institute for Science, Technology, Research & Development), Vol.6, No. 1, pp.170-186.
Torbira, L. L. and Ogbulu, O. M. (2014). Fund mobilization by insurance companies and fixed capital formation: Evidence from the Nigerian economy, International Journal of Financial Research,Vol. 5, No. 2, pp. 69-78.
Ogbulu, O. M., Ajibola, A. & Nwakanma, P. C. (2014). Equity risk premium, macro-economic variables and co-integration: Evidence from Nigeria, International Journal of Empirical Finance,Vol. 2, No. 2, pp. 83-95.
Ogbulu, O. M., Abaenewe, Z. C. & Nnamocha, P. N. (2014). Stock market price behaviour and macro-economic variables in Nigeria: An error correction analysis, International Journal of Financial Economics,Vol. 2, No. 2, pp. 58-72.
Ogbulu, O. M. & Arewa, A. (2014). Macroeconomic variables and the dynamic effects of public expenditure on economic growth in Nigeria: A long run dynamic analysis, Journal of Economics and Financial Research,Dept of Economics, Abia State University, Uturu, Vol. 3, No. 2, pp.179-193.
Ogbulu, O. M., Uruakpa, P. C. & Umezinwa, C. L. (2014). The impact of bank fraud on bank Performance: Empirical evidence from the Nigerian banking sector,Nigeria Journal of Financial Research,Dept of Finance and Banking, University of Port Harcourt, Port Harcourt, Vol. 9, No.1, June, pp. 1-11.
Ogbulu, O. M. & Uruakpa, P. C. (2014). Banking reforms in Nigeria since independence: A co-integration analysis, Nigerian Journal of Financial Research,Dept of Finance and Banking, University of Port Harcourt, Port Harcourt, Vol. 9, No. 2, December, pp. 147-163.
Ogbulu, O. M., Torbira, L. L. & Umezinwa, C. L. (2015). Assessment of the impact of fiscal policy operations on stock price performance: Empirical evidence from Nigeria, International Journal of Financial Research,Vol.2, No. 6, pp. 190-202.
Emeni, F. K. & Ogbulu, O. M. (2015).The effect of dividend policy on the market value of firms in the financial services sector in Nigeria, Archives of Business Research,Vol.3, No.4, pp.15-29, doi.10.14738/abr.34.1253.
Ogege, S., Ogbulu, O. M. & Isu, H. O. (2015). Earnings and dividend announcements, semi-strong efficiency and the Nigerian stock market: An empirical investigation,Archives of Business Research,Vol.3, No 4, pp. 104-123, doi:10.14738/abr.34.1366.
Arewa, A. & Ogbulu, O. M. (2015). Premium factors and the risk-return trade- off in asset pricing: Evidence from the Nigerian capital market, Journal of Business and Economic Policy,Vol. 2, No. 2, pp. 31-38.
Ogbulu, O. M., Uruakpa, P. C. & Umezinwa, C. L. (2015). Empirical investigation of the impact of deposit rates on fund mobilization by deposit money banks in Nigeria,Journal of Finance and Bank Management,Vol. 3, No. 1, pp. 77-89. Doi:10.15640/jfbm.v3n1a8.
Olulu-Briggs, O. V. & Ogbulu, O. M. (2015). Money supply and asset prices in Nigeria (2008-2013): An empirical review,Research Journal of Finance and Accounting,Vol. 6, No. 10, pp. 45-56.
Abaenewe, Z. C., Ogbulu, O. M. & Nnamocha, P. N. (2015). A further econometric appraisal of the effect of macroeconomic fundamentals on stock market prices in Nigeria, International Journal of Novel Research in Marketing Management and Economics,ISSN: 2394-7322, Vol.2, Issue 2, pp. 92-110.
Ogbulu, O. M. & Eze, G. P. (2016). Credit risk management and the performance of deposit money banks in Nigeria: An error correction analysis, Applied Economics and Finance,Vol.3, No.2, pp. 97-109. Doi: 10.11114/aef.v3i2.1356.
Eze, G. P. & Ogbulu, O. M. (2016). Asset quality management and the performance of deposit money banks in Nigeria: A co-integration and variance decomposition analysis, International Journal of Economics and Financial Research,Vol. 2, No. 3, pp. 41-54.
Ogbulu, O. M. & Arewa, A. (2016). Stock markets and economic growth: Does volatility matter?, Journal of Finance and Economic Research,Dept of Banking and Finance, Abia State University, Uturu, Vol. 3, No.1, pp.6-14.
Okanta, S. U. & Ogbulu, O. M. (2016). Fiscal deficits and price level stability in Nigeria: Long-run intertemporal optimization model analysis, Journal of Finance and Economic Research,Dept of Banking and Finance, Abia State University, Uturu, Vol.3, No.1, pp. 35-51.
Ogbulu, O. M. (2016). Weak-form market efficiency, estimation interval and the Nigerian Stock Exchange: Empirical evidence, International Journal of Economics & Business,Issue 2016, p.84, International Academy of Business, ISSN: 1949-5166.
BOOKS
Ogbulu, O. M. (2012),All-Asset market portfolio and the risk-return behaviour of assets: Evidence from the Nigerian capital market,Saarbrucken, Germany, LAP Lambert Academic Publishing.
Onuoha, B. C. & Ogbulu, O. M. (2010),Introduction to business: A book of reading, Co-editors, Port Harcourt, African Entrepreneurship And Leadership Initiative.
CHAPTERS IN BOOKS:
Ogbulu, O. M. (2010). The meaning and scope of financial management, Chapter 2, in Book of Reading titled Introduction to business: A book of reading, co–ed by Onuoha, B.C. & Ogbulu, O.M.
Ogbulu, O.M. & Paul, N.(2010). Sources of finance for business enterprises: Short and medium-term sources, Chapter 3 in Book of Reading titledIntroduction to business: A book of reading, co-ed by Onuoha, B.C.& Ogbulu, O.M.
Ogbulu, O.M. (2010). Sources of long-term finance for business enterprises, Chapter 4 in Book of Reading titled Introduction to business: A book of reading,co-ed by Onuoha, B.C. & Ogbulu, O.M.