Money Market Association of Nigeria (the Association) was until recently, an Association of the Treasurers of licensed Banks and Discount Houses in Nigeria.
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From the category archives:
Finance & Investments
Securities and Exchange Commission (SEC), Nigeria is the apex regulatory institution of the Nigerian capital market supervised by the Federal Ministry of Finance.
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Nigeria Deposit Insurance Corporation (NDIC) has its origin in the report of a committee set up in 1983 by the Board of Central Bank of Nigeria (CBN), to examine the operations of the banking system in Nigeria. The Committee in its Report recommended the establishment of a Depositors Protection Fund. Consequently, the Nigeria Deposit Insurance Corporation was established through the promulgation of Decree No. 22 of 15 th June 1988.
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National Insurance Commission is the apex regulatory body for the Insurance Industry in Nigeria backed by an enabling Decree 1&2 of 1997 and further the insurance Act 2003. The supervisory and regulatory environment of Nigerian Insurance Industry is closely monitored and streamlined by the Commission in order to set a healthy standard in the insurance industry.
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Nigerian Accounting Standards Board (NASB) came into being on September 9, 1982. It is the only recognised independent body in Nigeria responsible for the development and issuance of Statements of Accounting Standards for users and preparers of financial statements, investors, commercial enterprises and regulatory agencies of government.
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Bank of Industry Limited (BOI) was established in October, 2001 following the reconstruction of the Nigerian Industrial Development Bank Limited (NIDB). The Bank has since undergone a fundamental restructuring programme as a result of which its future prospects are very bright.
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Nigerian Agricultural Insurance Corporation is wholly owned by the Federal Government of Nigeria. It was establish in 1987 to provide risk cover to Nigerian farmer’s. It is also the only existing insurance company owned by the Federal Government due to its unique socio–economic benefits to the populace.
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