Tag: Purpose
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, …
Nigerian Communications Commission (NCC): Purpose, Functions & moreRead More
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 …
National Industrial Court: Purpose, functions, power, and historyRead More
Nigeria Commodity Exchange: purpose, function, power and more
Nigeria, being one of the most populous and resource-rich countries in Africa, has a significant impact on global commodity trade. In 1998, the Nigerian government established the Nigeria Commodity Exchange (NCX) to enhance the country’s trading activities and ensure price stability. Over the years, NCX has become a critical institution in Nigeria’s commodity market, facilitating …
Nigeria Commodity Exchange: purpose, function, power and moreRead More
International Monetary Fund (IMF): Purpose, power, function & history
What is the IMF? The International Monetary Fund (IMF) is an organization that plays a crucial role in the global economy. It was established in 1944 to ensure the stability of the international monetary system—the system of exchange rates and international payments that enables countries to transact with each other. The IMF has evolved over …
International Monetary Fund (IMF): Purpose, power, function & historyRead More
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 …
FCCPC: Purpose, function, power, and history
What is the Federal Competition and Consumer Protection Commission (FCCPC)? The Federal Competition and Consumer Protection Commission (FCCPC) is a Nigerian government agency that plays a crucial role in protecting consumers’ rights and promoting fair competition in the market. Established in 2019, the FCCPC is responsible for investigating and enforcing consumer protection laws, as well …
NIPC: Purpose, function, power, and more
What is the Nigerian Investment Promotion Commission (NIPC)? The Nigerian Investment Promotion Commission (NIPC) was established to promote and attract investment into Nigeria. To increase economic growth and development, the NIPC wields significant power and functions to support potential investors. This article will provide an overview of the NIPC’s purpose, power, functions, and other key …
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 …
Standard Organization of Nigeria (SON): Purpose, functions, and moreRead More
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 …
United Nations (UN): Purpose, power, history and functionsRead More