Posted inHistory Studies
Nigeria – Country in West Africa
Nigeria: The Country in West Africa You'll Fall In Love With: Nigeria is a country in West Africa with a population of more than 190 million. It is the region’s…
The History and Evolution of Banking in Nigeria
Nigeria Banking History All started in the nineteenth century when Elder Dempster Company bought in a foreign owned bank into Lagos. Standard Bank Nigeria Limited (Now First Bank PIC) In…
Posted inEconomics
Inflation in Nigeria: Causes, Control & Solutions
Inflation is a worldwide phenomenon but the rate varies from country to country.
Nigeria has been experiencing a high rate of inflation estimated to be well over 45%. Despite the various measures adopted to control inflation it has defied solutions.
Problems of Financial Institutions in Nigeria
Financial Institutions are business organizations which deal in money, though some may deal in other financial assets such as shaves, letters of credit, bills of exchange etc. With the exception of the Central Bank, they make profits by trading in money; that is, through the process of accepting deposits in several ways e.g. offering technical advice etc.
Posted inEconomics 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.