Tag: functions
Bureau of Public Enterprise: Functions, impact, history, and more
What is the Bureau of Public Enterprises (BPE)? The Bureau of Public Enterprises (BPE) is a Nigerian government agency responsible for the privatization and commercialization of state-owned enterprises. Established in 1999, the BPE has undergone several reforms and has played a significant role in the country’s economic development. This article provides an overview of the …
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FMDQ: Purpose, functions, power and history
Financial Markets Dealers Quotation (FMDQ) is a prominent player in the Nigerian financial market, providing crucial services to market participants. This article provides an in-depth look at the history of FMDQ, its functions, purpose, power, and other relevant details. From its inception to its current position as a leading financial market infrastructure, the article explores …
Nigerian Communications Commission (NCC): Purpose, Functions & more
What is the Nigerian Communications Commission (NCC) The Nigerian Communications Commission (NCC) is the country’s independent regulatory body for the telecommunications sector. Established in 1992, the NCC is responsible for promoting and regulating the provision of efficient, reliable, and affordable telecommunications services to all Nigerians. This article provides an overview of the NCC’s purpose, functions, …
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National Industrial Court: Purpose, functions, power, and history
What is the National Industrial Court of Nigeria? The National Industrial Court is an important judicial body in Nigeria that is responsible for resolving disputes related to labour and employment matters. Its establishment in the year 1972 was a crucial step towards providing workers with a forum where they can seek justice and assert their …
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FIRS: purpose, functions, power, and history
What is the Federal Inland Revenue Service (FIRS) The Federal Inland Revenue Service (FIRS) is a regulatory body in Nigeria that is responsible for the assessment, collection, and accounting of taxes for the Federal Government. Established in 1943, the FIRS has gone through various reforms and restructuring to become a formidable revenue-generating agency. This article …
OPEC: Functions, Influence, history and more
What is OPEC? The Organization of the Petroleum Exporting Countries (OPEC) is a global organization made up of major oil-producing nations. It was established in September, 1960 with the purpose of coordinating and unifying the policies of its member countries in the petroleum industry. The functions of OPEC include setting production quotas for its members, …
Standard Organization of Nigeria (SON): Purpose, functions, and more
What is the Standard Organization of Nigeria (SON)? The Standards Organization of Nigeria (SON) is a government agency responsible for setting and enforcing standards for products and services in Nigeria. Understanding SON’s role is crucial for businesses operating in Nigeria, as it can significantly affect their operations and compliance requirements. This article provides an overview …
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United Nations (UN): Purpose, power, history and functions
What is the United nations? The United Nations (UN) is a global organization established in 1945 to maintain international peace and security, promote economic and social development, protect human rights and provide humanitarian aid. This article will delve into the UN’s purpose, power, history, and functions, highlighting its role in shaping international relations. History of …
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African Development Bank (AfDB): Purpose, history, functions & power
The African Development Bank (AfDB) is a vital institution that plays an important role in Africa’s economic development. The main goal of the bank, which was founded in 1964, is to promote economic growth and reduce poverty on the continent by financing development projects and programs. In this article, we will look at the AfDB’s …
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