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The Nigeria Deposit Insurance Corporation ( NDIC) is a statutory body established by NDIC Act No. 16 of 2006 with exclusive mandate of administering the Deposit Insurance System (DIS) in Nigeria. As one of the components of the nation's financial safety-net arrangement, the NDIC has the responsibility of protecting depositors and guaranteeing ...
The Accountant-General of the Federation is the administrative head of the treasury of the Federal Republic of Nigeria. [1] The office holder is often appointed by the President of Nigeria to serve a four years term in accordance with the constitution of the federal republic of Nigeria. [2] The office was established in 1988 under the Civil ...
Ogden tables. The Ogden tables are a set of statistical tables and other information for use in court cases in the UK. Their purpose is to make it easier to calculate future losses in personal injury and fatal accident cases. The tables take into account life expectancy and provide a range of discount rates from -2.0% to 3.0% in steps of 0.5%.
Forward Discount Rate 60% 40% 30% 25% 20% Discount Factor 0.625 0.446 0.343 0.275 0.229 Discounted Cash Flow (22) (10) 3 28 42 This gives a total value of 41 for the first five years' cash flows. MedICT has chosen the perpetuity growth model to calculate the value of cash flows beyond the forecast period.
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 ...
Discounting. 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]
Petroecuador accounts for over half of oil production, however, as a result of financial setbacks combined with a drop in oil price, private companies increased oil investments in Ecuador. In the early 1990s annual foreign investment in oil was below US$200 million, by the early 2000s it had surpassed US$1 billion (Campodónico, 2004). [11]
The Insurance Information Institute recently conducted a study which revealed that the percentage of Americans without homeowner's insurance has more than doubled since 2019. Currently, 12% of ...