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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 ...
The Nigerian Correctional Service (NCoS), formerly known as Nigerian Prison Service (NPS), is a government agency of Nigeria which operates prisons. The agency is headquartered in Abuja, [1] and it is under the supervision of the Ministry of the Interior and the Civil Defence Immigration and Correctional Service. [2]
The application portal closed on 27 July 2017 and received a total of 2,543,079 applications, 2,258,266 persons scaled through the BVN validation stage and were invited to proceed to an online assessment test. From 1 July 2017 to 31 August 2017, the online assessment test was conducted to select qualified applicants in four categories, N-Tax, N ...
The Big Mac Index is a price index published since 1986 by The Economist as an informal way of measuring the purchasing power parity (PPP) between two currencies and providing a test of the extent to which market exchange rates result in goods costing the same in different countries. It "seeks to make exchange-rate theory a bit more digestible ...
The discount rate was cut by 50 bp—to 5.75% from 6.25%—and the term of loans was extended from overnight to up to thirty days. That reduced the spread of the primary credit rate over the federal funds rate from 100 basis points to 50 basis points.
This also made Nigeria the last country in the world to abandon the £sd currency system in favour of a decimal currency system. There was a government plan to redenominate the naira at 100:1 in 2008, but the plan was suspended. The currency sign is U+20A6 ₦ NAIRA SIGN. The name "Naira" was coined from the word "Nigeria" by Obafemi Awolowo.
The Supreme Court's move to curb federal agency powers could curtail efforts by the U.S. Securities and Exchange Commission to establish new rules to police Wall Street and invite more litigation ...
Bank rate. 18.7% (July 2023) [2] Website. www .cbn .gov .ng. 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 ...