Government & Politics

West African Currency Board (WACB) – Features, Merits & Demerits

The West African Currency Board (WACB) The West African Currency Board (WACB) was founded in November, 1912 following the recommendations of Lord Emmitts Committee which was appointed by then Colonial…

StudyHQ December 5, 2021

Difference Between Economics Government & Politics

Difference Between Central Bank and Commercial Bank

Central bank is a financial institution which controls and supervises the entire monetary system of a country while Commercial bank may be defined as a financial institution which carries out retail banking services, set up for keeping and lending money to people, owned by organisations, individual or governments, for the purpose of making profits.

StudyHQ October 24, 2021

Economics Government & Politics

Nigerian National Petroleum Corporation (NNPC) – Functions & Problems

The Nigerian National Petroleum Corporation (NNPC) was established in 1977 by the NNPC Act No. 33, through the merger of the Nigerian National Oil Company (NNOC) and the then Ministry of Petroleum Resources. The main function of the NNPC was primarily operational while the duty of the Ministry was mainly regulatory. The new body NNPC started to perform both operational as well as regulatory functions.

StudyHQ October 19, 2021

Economics Government & Politics

ECOWAS: Features, Structure, Objective & Merits

The ground work for the formation of ECOWAS can be traced to the efforts of the heads of States of Nigeria and Togo in 1972. They had a series of meetings and sent draft proposals to other heads of States of West African countries.

StudyHQ October 18, 2021

Government & Politics

Tax: Definition, Features, Types, Pros & Cons of Taxes

A tax is a compulsory payment made by citizens and corporate bodies to the government to enable it carry out its responsibilities. Examples include income and property tax.

StudyHQ October 11, 2021