MS.c Entrepreneurship spirit and Innovation is the backbone of the biggest economies in the world. In this regard, such big economies such as the USA have an education system that emphasizes entrepreneurship and innovation. Small businesses are critical to such big economies and have been invaluable in creation of employment and realization of great economical and social change in form of a strong and vibrant middle class. In this course (BENS), we seek to provide the student with requisite skills to be entrepreneurs and/or innovators and capable of providing consultation services to already existing businesses.
Any applicant who meets the minimum entry requirements for admission into the University may be granted admission, the requirements are :
- An A’ Level Certificate (a Degree, HND or PGD) with 2:2, Lower credit, or Pass respectively and above.
- Transcript of the A’Level result.
- Copy of International Passport data page.
- A copy of CV.
Tuition per Session
Tuition Fee = ₦480,000
Application = ₦10,000
Acceptance = ₦ 20,000
Course kit =₦20,000
Administrative Charges = ₦60,000
Project supervision = ₦20,000
Convocation = ₦40,000
Total = ₦650,000
and enforcing accounting.
foreign economic activity of international companies and countries.
Assets in the financial aspect are considered not just as money, but money as the capital, i.e. the value that brings
added value (profit). Capital is the movement, the constant change of forms in the cycle that passes through three stages:
the monetary, the productive, and the commodity. So, finance – is the monetary capital, money flow, serving the
circulation of capital. If money is the universal equivalent, whereby primarily labor costs are measured, finance is the
The definition of international finance as the combination of monetary relations, that develop in process of
economic agreements – trade, foreign exchange, investment – between residents of the country and residents of foreign countries, is not exhaustive. It does not reflect all the essential features, that are generated by the set of conditions outside the company (i.e. the external environment of the international business), which effects on their activity in practice. These specifics lie in the fact of the relation between the international finance actions and the set of temporary and spatial risk factors (currency, credit, investment, political) caused by uncertainty and fluctuations in exchange rates of securities, the comparative difference in inflation and interest rates in different countries, the uncertainty of the economic policy of the country. Uncertainty and increased risk are exacerbated by the fact, that international company has a small effect on the business areas in which it operates. However, while choosing alternative financial decisions in the international business area, we cannot dispense with the analysis of the value of future costs and revenues of time (term commercial transactions), space (geographically remote) and the uncertainty caused by the need to work with a large number of currencies, taking into account the differences in interest rates and inflation, legislation and political systems in many countries.
international banks, TNB, specialized credit and financial institutions ,large stock and commodity exchanges, international monetary and financial institutions. The commercial banks take the central role in the global financial market, due to the broad field of financial activities. Liabilities of banks consist mainly of deposits with different maturities of assets: loans (by the corporations and states),deposits in other banks and bonds.
Currency provides communication and interaction of national and world economies. Currencies are divided into national currency, foreign and international (regional) – depending on the origin (status). The national currency – is the legal tender of the country: money in the form of banknotes, coins and in the other forms. The money, that are in circulation and are legal tender in the country, as well as vouchers or other securities (stocks, bonds, their coupons, tokens of exchange (drafts), promissory notes, letters of credit, checks, bank orders, certificates of deposit, savings books, and other financial and banking instruments) denominated in the currency of that country. The national currency is the basis of the national monetary system. Foreign currency – banknotes of foreign countries, credit and payment resources that denominated in foreign currency and are used in international payments. International (regional) currency – international or regional unit of account, the resource of payment and reserve. For example, SDR (SDR – Special Drawing Rights), which are the international means of payment, are used by the IMF for the cashless international payments. SDR could be used by means of the notation in special accounts, and by the unit of account of the IMF; Euro – is the regional international unit of account, which was introduced within the European
Monetary System in 1999. Euro is the accounting unit of the EU.