NIGERIAN FEDERALISM
THE ORIGIN The origin of federalism in Nigeria could be traced to the division of…
Month: July 2021
THE STOCK EXCHANGE MARKET
Stock exchange market is a highly organised market where investors can buy and sell existing…
CAPITAL MARKET
Capital market is a market for medium-term and long-term loans. The capital market serves the…
MONEY MARKET
Money market can be defined as a market for short-term loan. The market consists of…
TRADITIONAL FINANCIAL INSTITUTIONS
The traditional financial institutions came into existence several years before the establishment of modern banking…
INSURANCE COMPANIES
Insurance companies are financial institutions that are concerned with insurance. Insurance may be defined as…
MORTGAGE BANKS
Mortgage banks are financial institutions that specialise in granting loans to individuals and corporate bodies…
MERCHANT BANKS
Merchant banks are financial institutions which perform specialised functions, such as acceptance of bills of…
DEVELOPMENT BANKS
Development banks are specialised financial institutions which provide long-term credit or loan to other enterprises…
BANK CLEARING HOUSE
Bank clearing house is an institution established by member banks to simplify exchanging and obtaining…
FEEDING MECHANISMS IN HOLOZOIC ORGANISMS
There are five modifications and mechanisms of feeding associated with someorganisms. These feeding mechanisms include:…
THE POLITICAL SYSTEM OF OYO EMPIRE
Oyo was a vast empire or territory divided into different provinces. It happened to be…
IGBO PRE-COLONIAL POLITICAL SYSTEMS IN NIGERIA
The Igbo political system may be seen as a fragmented political system. Many institutions were…
HAUSA / FULANI PRE-COLONIAL POLITICAL SYSTEMS IN NIGERIA
Historical background: The Fulani took over the political leadership of the Habe (Hausa) states in…
CENTRAL BANK
Central bank is the highest financial institution in a country which carries out the monetary…
CHEQUES
The Bill of Exchange Act defines a cheque as: “A bill of exchange drawn on…
LYTTLETON CONSTITUTION OF 1954
Macpherson Constitution was revised through constitutional conferences, e.g. 1953 London and 1954 Lagos Constitutional conferences….
ASEXUAL REPRODUCTION
Asexual is the type of reproduction in which new organisms are produced from a single…
REPRODUCTION
Reproduction is the ability of living organisms to give rise to new individuals of the…
CREDIT FACILITIES PROVIDED BY COMMERCIAL BANKS
Banks can act as agent of lending by means of loan, overdraft and discounting bill…
THE MACPHERSON CONSTITUTION OF 1951
Sir John Macpherson, became the new Governor of Nigeria after Richards and he made adequate…
THE RICHARD’S CONSTITUTION OF 1946
The Governor of Nigeria at the outbreak of the Second World War (1939-45) was Sir…
THE CLIFFORD CONSTITUTION OF 1922
MAIN FEATURES: Secretary of state for colonies: This was a cabinet minister in Britain and…
PRE-INDEPENDENCE CONSTITUTIONS
British colonial rule in West Africa started towards the end of 1898. Lagos was annexed…
THE ALIMENTARY CANAL AND DIGESTION OF FOOD IN MAN
The alimentary canal of man includes the mouth, oesophagus, stomach, duodenum, small intestine or ileum,…
TYPES OF BANK ACCOUNTS
There are three types of account which customers can open in a bank. These are…
MEANING OF FINANCIAL INSTITUTIONS
Financial institutions refer to all business organisations which hold money for individuals and institutions and…
PAN-AFRICANISM
The advocates of Pan-Africanism propounded the need for racial harmony, mutual existence coupled with absolute…
NATIONALIST MOVEMENT IN BRITISH WEST AFRICA
The nationalist movements played significant role in influencing Nigerians and propelling them towards the struggle…
NATIONALISM IN NIGERIA
Nationalism may be defined as a certain form of unity which grows out of historical…
JOINT VENTURES OR ENTERPRISES
Joint ventures or enterprises can be defined as those businesses in which private investors and…
CO-OPERATIVE SOCIETIES
A co-operative society is defined as a voluntary business organisation in which a group of…