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The democratic government of Shehu Shagari (1979 - 1983) built on the earlier initiatives and began planning for a training institute to be located at Ilorin in 1983. [14] In 1986, a decree establishing the National Institute of Labour Studies was enacted, the new legislation placed made it a statutory center within the Federal Ministry of ...
The National Union of Banks, Insurance and Financial Institution Employees (NUBIFIE) is a trade union representing workers in the finance industry in Nigeria. The union was founded in 1978, when the Government of Nigeria merged nine unions: [1] Bank of the North Staff Union; British American Insurance Workers' Union of Nigeria
Nigerian Export - Import Bank (NEXIM Bank) Nigerian Export Promotion Council (NEPC) Oil and Gas Free Zones Authority (OGFZA) Nigeria Export Processing Zones Authority (NEPZA) Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) Securities and Exchange Commission (SEC) Standards Organisation of Nigeria (SON)
The Anglo-Egyptian Bank and the National Bank of South Africa gave birth to Barclays Bank in Nigeria. In 1948, the British and French Bank for Commerce and Industry started operations in Nigeria, which metamorphosed into the United Bank for Africa. [3] The first domestic bank In Nigeria was established in 1929 and called the Industrial and ...
The Central Bank of Nigeria (CBN) is the central bank and apex monetary authority of Nigeria established by the CBN Act of 1958 and commenced operations on 1 July 1959. [3] The major regulatory objectives of the bank as stated in the CBN Act are to: maintain the external reserves of the country; promote monetary stability and a sound financial environment, and act as a banker of last resort ...
Directs education in Nigeria: education.gov.ng/ Energy: To promote sustainable energy development in Nigeria [6] energy.gov.ng: Environment: Regulates environmental issues: environment.gov.ng/ Federal Capital Territory: Administers the Federal Capital Territory (Abuja) fcda.gov.ng/ Finance: Manages, controls and monitors federal revenues and ...
A senior civil servant acts as Permanent Secretary of the minister, assisting the politically appointed Minister of Finance, who is a member of the President's cabinet.. The Federal Ministry of Finance is led by the Honourable Minister of Finance and Coordinating Minister of the Economy, who serves as the chief executive officer.
The Financial Reporting Council (FRC) of Nigeria, formerly the Nigerian Accounting Standards Board (NASB), is an organization charged with setting accounting standards in Nigeria. On Thursday, 6 May 2021, Shuaibu Adamu Ahmed was inaugurated by the Minister of Industry, Trade and Investment, Adeniyi Adebayo, as the Executive Secretary/Chief ...