The Nigerian Export-Import Bank (NEXIM) was established by Act 38 of 1991 as an Export Credit Agency (ECA) with a share capital of N50, 000,000,000 (Fifty Billion Naira) held equally by the Federal Ministry of Finance Incorporated and the Central Bank of Nigeria. The Bank which replaced the Nigerian Export Credit Guarantee & Insurance Corporation…

The Government Integrated Financial Management Information System (GIFMIS) is an IT based system for budget management and accounting that is being implemented by the Federal Government of Nigeria to improve Public Expenditure Management processes, enhance greater accountability and transparency across Ministries, Departments and Agencies. GIFMIS is designed to make use of modern information and communication…

The Office of the Accountant-General of the Federation is the Treasury of the Federal Republic of Nigeria. The Office is headed by the Accountant-General of the Federation who is the Chief Accounting Officer for the receipts and payments of the Federation. The Office is an Extra- Ministerial Department of the Federal Ministry of Finance. During…

NISER, Nigerian Institute of Social and Economic Research, does the following: a) Conduct research into the economic and social problems of the country with a view to the application of the results thereof; b) Provide consultancy services to Federal and State Governments, their agencies and other organisations, in the field of economic and social development;…

2019 – 2022 2010-2015 2005-2006 2004 (Management Committee) 2002-2003 2001 2000 (Management Committee) 1999 (Management Committee) 1998 (Management Committee) 1997 (Management Committee) 1996 (Management Committee) 1995 1994 1993 1992 1990-1991 1989 Reference: Past Board Members – NDIC

Head Office Plot 447/448 ConstitutionAvenue, Central Business District, Abuja Customer support Toll Free: 080063424357Email: helpdesk@ndic.gov.ng Lagos Office 23 A Marina, Lagos. P.M.B. 12881 Lagos. Tel: (01) 2719010,  01- 4663400Fax: (01) 264 7848 Zonal Offices Abeokuta No1 Oshele Road, Ibara GRA Abeokuta.Controller: Mr. Adewale O. ShobuleTel: 08033137255Email:shobuleao@ndic.gov.ng Bauchi Plot No. 3 Bank Road BauchiController: Mr.  Ajiya B. ZarmaTel: 094601096Email:bauchizonaloffice@ndic.gov.ng Benin 28A…

The NDIC (Nigeria Deposit Insurance Corporation) is an independent agency of the Federal Government of Nigeria. The purpose of the deposit insurance system is to protect depositors and guarantee the settlement of insured funds when a deposit-taking financial institution can no longer repay their deposits, thereby helping to maintain financial system stability. The history of Nigeria Deposit…

How NDIC (Nigerian Deposit Insurance Corporation) protects bank depositors against Loss The NDIC (Nigeria Deposit Insurance Corporation) is an independent agency of the Federal Government of Nigeria. The purpose of the deposit insurance system is to protect depositors and guarantee the settlement of insured funds when a deposit-taking financial institution can no longer repay their deposits, thereby…

Answer: No. Deposit insurance is different from conventional insurance in several respects. Some of the differences include the following: a. Deposit insurance is a regulatory tool aimed at ensuring the safety, soundness and stability of a nation’s financial system, thereby protecting the macro-economy at large. On the other hand, conventional insurance policy is designed only to…

Abuja has 93 districts, 5 phases, 22 sector centres, 3 industrial areas, an institutional research district, 2 central area districts and a national park Abuja city consists of about ninety-three (93) districts in the five phases, with twenty-two (22) Sector Centres, three (3) Industrial Areas, an Institution Research District as well as two (2) Central…