Franklin Ngwu
Lagos Business School (LBS).
Faculty’s Field of Research: Business Law, Entrepreneurship, Social & Political Environment of Business, Strategy
School: Lagos Business School (LBS).
Faculty’s email address:
Background:
Franklin Nnaemeka Ngwu is a Professor of Strategic Management at Lagos Business School (LBS) and the director of the LBS Public Sector Initiative. He recently concluded an engagement as a Senior Policy and Research Consultant with African Development Bank Group (AfDB) and previously served as the Director of LBS Sustainability Centre. He has a PhD in Law and Economics of Banking Regulation; MSc in Economics and PGD in Development Economics from the University of Manchester. He also has an MSc in Comparative Political Economy from Cardiff University and a B.Sc in Sociology from University of Lagos.
Professor Ngwu is an experienced leader, advisor and academic with over 20 years’ experience in teaching, private/public sector advisory, policy research and consulting both in Africa and United Kingdom. In Nigeria, he has provided either training or consulting services to many firms including Central Bank of Nigeria (CBN), StanbicIBTC, First Bank of Nigeria(FBN), Guaranty Trust Bank (GTB), Banwo & Ighodalo, Coronation Group, Nigeria Stock Exchange (NSE), Asset & Resource Management Holding Company (ARM), Nigerian Breweries Plc, AXA Mansard, FrieslandCampina WAMCO Nigeria Plc, Airtel Nigeria, Fidelity Pension Managers Ltd, Premium Pension Ltd, Mouka Foam, Coscharis Group, Sterling Bank, Paystack Payments Ltd, Electronic Payplus Ltd, Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and Dangote Group.
He serves on the board of private sector organisations/development-focused initiatives and leads several policy engagements and research projects at National and International levels. He worked in Barclays Bank UK for over five years, and has lectured at Glasgow School of Business and Society, Glasgow Caledonian University; School of Built Environment and Business, University of Salford; Department of Economics and School of Law, University of Manchester, UK. He has multi-disciplinary teaching and research interests including Bank Management and Financial Services Regulation, Economic Governance and Management, Corporate Governance and Corporate Social Responsibility, Economics and Public Policy Reforms, Enterprise-wide Risk Management, Law and Finance in Emerging Markets and Development Economics.
He is the author of many peer reviewed journals, book chapters and four governance and sustainable development books- Corporate Governance in Developing and Emerging Markets (Routledge, 2016), Enhancing Board Effectiveness-Institutional, Regulatory and Functional Perspectives for Developing and Emerging Markets (Routledge, 2019), Corporate Social Responsibility in Developing and Emerging Markets: Institutions, Actors and Sustainable Development (Cambridge University Press, 2019), Corporate Social Responsibility Across the Globe: Innovative Resolution of Regulatory and Governance Challenges (Cambridge University Press, 2022). He is working on his fifth book, The Cambridge Handbook of Banking in Africa, that will be published by Cambridge University Press.
Professor Ngwu is the Co-chair, Private Sector Advisory Group Board on UN Sustainable Development Goals (SDGs); Independent Non-executive Director, Caritas Nigeria, Advisory Board Member, E-Waste Producer Responsibility Organization of Nigeria (EPRON), and Leading-Edge Consulting Services. He is a member of several bodies including Institute of Directors of Nigeria (IOD), Society of Corporate Governance Nigeria, British Academy of Management, Chartered Risk Management Institute of Nigeria (CRMI) and Expert Network, World Economic Forum.
Qualification
PhD in Law and Economics of Banking Regulation; MSc in Economics and PGD in Development Economics from the University of Manchester.
MSc in Comparative Political Economy from Cardiff University and a B.Sc in Sociology from University of Lagos.
Selected Publications
Books
Ngwu, F. N., & Ojah, K. (Eds.). (2024). The Cambridge handbook on banking in Africa. Cambridge University Press. (Work in progress).
Ngwu, F. N., & Nwuke, O. (Eds.). (2024). Family-owned business management in developing and emerging markets. Routledge–Taylor & Francis. (Work in progress).
Ngwu, F. N., Osuji, O. K., & Lynch-Wood, G. (Eds.). (2023). CSR in developing and emerging markets: Innovative public and private regulation dimensions. Cambridge University Press.
Ngwu, F. N., Osuji, O. K., & Jamali, D. (Eds.). (2019). CSR in developing and emerging markets: Institutions, actors and sustainable development. Cambridge University Press.
Ngwu, F. N., Ogbechie, C., Osuji, O. K., & Williamson, D. (Eds.). (2019). Enhancing board effectiveness: Institutional, regulatory and functional perspectives for developing and emerging markets. Routledge–Taylor & Francis.
Ngwu, F. N., Osuji, O. K., & Stephen, F. H. (Eds.). (2016). Corporate governance in developing and emerging markets. Routledge–Taylor & Francis.
Book Chapters
Ngwu, F. N., & Osuji, O. K. (2023). Introduction: The centrality of regulation in corporate responsibility. In O. K. Osuji & F. N. Ngwu (Eds.), Corporate social responsibility across the globe: Innovative resolution of regulatory and governance challenges. Cambridge University Press.
Ngwu, F. N. (2023). Incentives, public procurement and market mechanisms. In O. K. Osuji & F. N. Ngwu (Eds.), Corporate social responsibility across the globe: Innovative resolution of regulatory and governance challenges. Cambridge University Press.
Ngwu, F. N. (2023). SMEs: Untapped platform for sustainable CSR penetration and practice in developing and emerging markets. In O. K. Osuji & F. N. Ngwu (Eds.), Corporate social responsibility across the globe: Innovative resolution of regulatory and governance challenges. Cambridge University Press.
Ngwu, F. N. (2023). Shareholders, institutional investors and socially responsible investment. In O. K. Osuji & F. N. Ngwu (Eds.), Corporate social responsibility across the globe: Innovative resolution of regulatory and governance challenges. Cambridge University Press.
Ngwu, F. N., & Osuji, O. K. (2023). Postscript: Rendezvous of regulation and corporate social responsibility. In O. K. Osuji & F. N. Ngwu (Eds.), Corporate social responsibility across the globe: Innovative resolution of regulatory and governance challenges. Cambridge University Press.
Ngwu, F. N., Madichie, C. V., Maduka, A. C., Metu, A. G., & Osabuohien, R. (2021). Will COVID-19 exacerbate poverty in Sub-Saharan Africa? Evidence from past pandemics. In E. Osabuohien, G. Odularu, D. E. Ufua, & R. Osabuohien (Eds.), Socioeconomic shocks and Africa’s development: Lessons and policy directions. Emerald Insights.
Ngwu, F. N., Osuji, O. K., & Jamali, D. (2019). Introduction: Corporate social responsibility in developing and emerging markets: Institutions, actors and sustainable development. In O. K. Osuji, F. N. Ngwu, & D. Jamali (Eds.), Corporate social responsibility in developing and emerging markets: Institutions, actors and sustainable development. Cambridge University Press.
Ngwu, F. N., Motilewa, D. B., & Aziegbe-Ebes, E. (2019). Navigating the CSR discourse from a developing country’s perspective: A shift to human capital development? In O. K. Osuji, F. N. Ngwu, & D. Jamali (Eds.), Corporate social responsibility in developing and emerging markets: Institutions, actors and sustainable development. Cambridge University Press.
Ngwu, F. N., Nwagu, I., & Ogbechie, C. (2019). Promoting sustainability in business and management education. In O. K. Osuji, F. N. Ngwu, & D. Jamali (Eds.), Corporate social responsibility in developing and emerging markets: Institutions, actors and sustainable development. Cambridge University Press.
Ngwu, F. N., Osuji, O. K., & Jamali, D. (2019). Corporate social responsibility and sustainable development in developing and emerging markets: Looking forward. In O. K. Osuji, F. N. Ngwu, & D. Jamali (Eds.), Corporate social responsibility in developing and emerging markets: Institutions, actors and sustainable development. Cambridge University Press.
Ngwu, F. N., Osuji, O. K., Ogbechie, C., & Williamson, D. (2019). Introduction: Enhancing board effectiveness: Institutional, regulatory and functional perspectives for developing and emerging markets. In F. N. Ngwu, O. K. Osuji, C. Ogbechie, & D. Williamson (Eds.), Enhancing board effectiveness: Institutional, regulatory and functional perspectives for developing and emerging markets. Routledge–Taylor & Francis.
Ngwu, F. N. (2019). Director remuneration in developing and emerging markets (DEMs): Issues, challenges and prospects. In F. N. Ngwu, O. K. Osuji, C. Ogbechie, & D. Williamson (Eds.), Enhancing board effectiveness: Institutional, regulatory and functional perspectives for developing and emerging markets. Routledge–Taylor & Francis.
Ngwu, F. N., Osuji, O. K., Ogbechie, C., & Williamson, D. (2019). Effective boards in developing and emerging markets: Looking ahead. In F. N. Ngwu, O. K. Osuji, C. Ogbechie, & D. Williamson (Eds.), Enhancing board effectiveness: Institutional, regulatory and functional perspectives for developing and emerging markets. Routledge–Taylor & Francis.
Ngwu, F. N., Ogbechie, C., & Agajere, O. (2018). Insurance penetration in Sub-Saharan Africa: Issues, challenges and prospects. In E. Wamboye & E. A. Tiruneh (Eds.), The service sector and economic development in Africa. Routledge–Taylor & Francis.
Ngwu, F. N., Ogbechie, C., & Ikiebey, G. (2018). Firm internationalization as a driver of organizational change. In F. Ovadje & S. Aryee (Eds.), Routledge handbook on organizational change. Routledge–Taylor & Francis.
Ngwu, F. N., Adeleye, I., Iheanachor, N., Esho, E., Oji, C., Onaji-Benson, T., & Ogbechie, C. (2018). Banking in Africa: Can emerging Pan-African banks outcompete their global rivals? In I. Adeleye & M. Esposito (Eds.), Africa’s competitiveness in the global economy. Palgrave Macmillan.
Ngwu, F. N., Enabulele, O., & Zahraa, M. (2016). Addressing climate change due to emission of greenhouse gases associated with the oil and gas industry: Market-based regulation to the rescue. In M. Gonzalez-Perez & L. Liam (Eds.), Climate change and the 2030 corporate agenda for sustainable development. Emerald Publishing.
Ngwu, F. N., Osuji, O. K., & Stephen, F. H. (2016). Introduction and emerging issues. In F. N. Ngwu, O. K. Osuji, & F. H. Stephen (Eds.), Corporate governance in developing and emerging markets. Routledge–Taylor & Francis.
Ngwu, F. N. (2016). Origin and development of corporate governance in developing and emerging markets. In F. N. Ngwu, O. K. Osuji, & F. H. Stephen (Eds.), Corporate governance in developing and emerging markets. Routledge–Taylor & Francis.
Ngwu, F. N., Osuji, O. K., & Stephen, F. H. (2016). Corporate governance in developing and emerging markets: Way forward. In F. N. Ngwu, O. K. Osuji, & F. H. Stephen (Eds.), Corporate governance in developing and emerging markets. Routledge–Taylor & Francis.
Ngwu, F. N., Adeleye, I., Iheanachor, N., & Ogbechie, C. (2015). First Bank of Nigeria: Developing an internationalization strategy. In I. Adeleye, K. Ibeh, A. Kinoti, & L. White (Eds.), The changing dynamics of international business in Africa. Palgrave Macmillan.
Ngwu, F. N. (2014). Strengthening Africa’s financial infrastructure: An institutional analysis of formal prudential regulation. In S. Nwankwo & K. Ibeh (Eds.), The Routledge companion to business in Africa. Routledge–Taylor & Francis.
Ngwu, F. N., Adeleye, I., & Ogbechie, C. (2014). Intra-African regional expansion: Rhetoric, reality and risks. In S. Nwankwo & K. Ibeh (Eds.), The Routledge companion to business in Africa. Routledge–Taylor & Francis.
Articles Published
Ngwu, F. N. (2023). Modelling the dynamics of cryptocurrency prices for risk hedging: The case of Bitcoin, Ethereum and Litecoin. Cogent Economics & Finance, 11(1), 2196852. https://doi.org/10.1080/23322039.2023.2196852
Ngwu, F. N., Appiah-Konadu, P., & Bofah, R. (2022). Transition to cleaner cooking energy in Ghana. Clean Energy. https://doi.org/10.1093/ce/zkac004
Ngwu, F. N., Madichie, C. V., & Nwogwugwu, U. C. (2022). Estimation of disaggregated import demand functions for Nigeria: Do structural breaks matter? CBN Journal of Applied Statistics.
Ngwu, F. N., Ojah, K., & Ogbechie, C. (2018). Growing cross-border banking in Sub-Saharan Africa and the need for a regional centralized regulatory authority. Journal of Banking Regulation. https://doi.org/10.1057/s41261-018-0090-3
Ngwu, F. N., Bavoso, V., & Chen, Z. (2017). Securitisation in BRICS: Issues, challenges and prospects. Research in International Business and Finance, 42, 1219–1227.
Ngwu, F. N., Emudainohwo, O. B., Boateng, A., & Brahma, S. (2017). Analysis of government policies, institutions, and inward foreign direct investment: Evidence from Sub-Saharan Africa. Thunderbird International Business Review, 1–12.
Ngwu, F. N., Boateng, A., Cai, H., Borgia, D., & Bi, X. (2017). The influence of internal corporate governance mechanisms on capital structure decisions of Chinese listed firms. Review of Accounting and Finance.
Ngwu, F. N., & Akinbami, F. (2016). Overhauling the institutional structure of bank regulation in Nigeria: The unfinished reform. Journal of Banking Regulation, 10, 1–21.
Ngwu, F. N., & Chen, Z. (2016). Regulation of securitisation in China: Lessons from the US. Research in International Business & Finance, 37, 477–488.
Ngwu, F. N. (2015). Promoting formal financial inclusion in Africa: An institutional re-examination of the policies with a case study of Nigeria. Journal of Banking Regulation, 16, 306–325.
Ngwu, F. N. (2014). Anglo-American model and corporate governance failures in Nigeria: Beyond neo-liberal explanation with a focus on the banking sector. International Company and Commercial Law Review, 343–355.