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In finance, discounting is a mechanism in which a debtor obtains the right to delay payments to a creditor, for a defined period of time, in exchange for a charge or fee. [1] Essentially, the party that owes money in the present purchases the right to delay the payment until some future date. [2] This transaction is based on the fact that most ...
Languages of Nigeria. There are over 525 native languages spoken in Nigeria. [1] [2] [3] The official language and most widely spoken lingua franca is English, [4] [5] which was the language of Colonial Nigeria. Nigerian Pidgin – an English-based creole – is spoken by over 60 million people.
Website. Official website. The Nigerian Academy of Letters is a national academy and apex body of arts and literature in Nigeria. It is an autonomous, scholarly and non-political state institution for advancing scholarship and public interest in the humanities at the highest level in Nigeria. The incumbent president of the academy is Professor ...
Trade discount is the discount allowed on retail price of a product or something. for e.g. Retail price of a cream is 25 and trade discount is 2% on 25. Trade rate discount . A trade rate discount, sometimes also called "trade discount", is offered by a seller to a buyer for purposes of trade or reselling, rather than to an end user.
What Happened: The rupee sank to an all-time low of ₹83.65 against the U.S. dollar, marking a decline from its previous close of 83.4550. Despite the central bank’s routine interventions via ...
FBNQuest Merchant Bank previously known as Kakawa Discount House is one of the five operational discount houses in Nigeria which serves as government financial tools and acts as a middle access points between all other banks in Nigeria and the Apex bank of Nigeria, the Central Bank of Nigeria. FBN Quest Merchant bank is a subsidiary of First ...
Nigerian naira. The naira ( sign: ₦; code: NGN; Yoruba: náírà, Hausa: نَيْرَ, romanized: naira, Igbo: naịra, Tyap: nera) is the currency of Nigeria. One naira is divided into 100 kobo. [2] The Central Bank of Nigeria (CBN) is the sole issuer of legal tender money throughout the Federal Republic of Nigeria.
v. t. e. In Nigeria, the academic grading system scales from A (First class) to F (fail). Below is the grading system of Nigerian schools . Nigeria offers six years of basic education, three years of junior secondary education, and three years of senior secondary education. If a student chooses to continue higher education this is then four ...