The importance of insurance to any Nation’s economic development cannot be overemphasised. Insurance, as a matter of fact, is the only business that exists to sustain other businesses. Experts have opined that Insurance could be used as a tool to protect nation’s wealth. Having the right insurance coverage may mean the difference between success and […]
There are over 40 different types of minerals spread across the country, including gold, barite, bentonite, limestone, coal, bitumen, iron ore, tantalite / columbite, lead/zinc, barites, gemstones, granite, marble, gypsum, talc, iron ore, lead, lithium, silver, etc. As part of the strategies to reform the sector, the Ministry of Mines and Steel Development (MMSD)1 has […]
The Constitution of Nigeria is the supreme law of the Federal Republic of Nigeria. Nigeria has had a series of constitutions. The current constitution was enacted on 29 May 1999, inaugurating the Nigerian Fourth Republic. Functions Of The Nigeria Constitution: 1. It reflects the sovereign will of the people. 2. It lies down of the […]
Nigeria Internet Registration Association which was initially founded by a stakeholder-led organisation, the stakeholders were within Nigeria’s Internet Community. It was later transferred to the current management as it became important for National Resources to be handled by a Government coordinated institution, National Information Technology Development Agency(NITDA) handled the transfer on behalf of the Federal […]
Nigeria Computer Society provides the following functions To showcase the potentials inherent in IT industry that Nigerians have the skill and manpower that can compete with their foreign counterpart in both software and hardware including human resources, with an acceptable standards at the international market. To provide Nigeria IT consumers the opportunity to have a […]
Commercial Banks in Nigeria performs the following functions; 1. Accepting deposits 2. Demand Deposits 3. Discounting of Bills 4. Loans and Advances 5. Housing Finance 6. Educational Loan Scheme 7. Loans against Shares/Securities 8. Loans against Savings Certificates 9. Consumer Loans and Advances 10. Securitization of Loans
The Nigeria Deposit Insurance Corporation (NDIC) was established on 15 June 1988 to strengthen the safety net for the newly liberalized banking sector, following the recommendation of former Central Bank of Nigeria governor Ola Vincent. The NDIC is a parastatal under the Nigerian Ministry of Finance. The corporation is charged with protecting the banking system from instability occasioned by runs and […]