Efficient Financing, Banking, and Foreign Exchange Operations in Mitigating Refined Petroleum Shortages in Nigerian Downstream Petroleum Supply Industry

Dr. Itsekor Lucky Ubini

Efficient Financing, Banking, and Foreign Exchange Operations in Mitigating Refined Petroleum Shortages in Nigerian Downstream Petroleum Supply Industry

Dr. Itsekor Lucky Ubini * § Doctor of Business Administration (DBA, International Business), Masters in Energy and Petroleum Economics

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§ Walden University

Efficient Financing, Banking, and Foreign Exchange Operations in Mitigating Refined Petroleum Shortages in Nigerian Downstream Petroleum Supply Industry

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Abstract

Every enterprise in Nigeria depends on refined petroleum product for either transportation, power, or heat source. The recurrent shortages or scarcity of petroleum products in Nigeria cripples business activities, which undermines the development of the economy. The purpose of this multiple case study was to identify the strategic role of finance, banks, and foreign exchange in mitigating petroleum shortages in the petroleum supply chain and to sustain business development in Nigeria. The study participants include ten senior leaders from two private-sector Nigerian downstream petroleum supply companies located in the Niger Delta region, who had successfully implemented strategies for petroleum supply. The resource based view theory served as the conceptual framework for the study. Data were collected through semi structured face-to-face interviews and review of operational and policy documents from the supply or marketing companies.

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Dr. Ubini. 2019. "Efficient Financing, Banking, and Foreign Exchange Operations in Mitigating Refined Petroleum Shortages in Nigerian Downstream Petroleum Supply Industry". Global Journal of Management and Business Research, Global Journal of Management and Business Research - C: Finance GJMBR-C Volume 19 (GJMBR Volume 19 Issue C2).

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GJMBR Volume 19 Issue C2

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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

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Classification

GJMBR-C Classification JEL Code: F65

E59

Submission ReceivedDecember 13, 2018
Peer Review Double Blind
Handling Editor
Accepted January 2, 2019
Published January 15, 2019

Version of record

v1.2

Issue date

March 23, 2019

Language

English

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Article Matrices

Total Score: 153

Country: Nigeria

Subject: Global Journal of Management and Business Research

Authors: Dr. Itsekor Lucky Ubini (PhD/Dr. count: 1)

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Publish Date: 2019 01, Tue

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