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SS3: ECONOMICS - 1ST TERM

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  1. Basic Tools for Economic Analysis I | Week 1
    4 Topics
  2. Economic Lessons from Asian Tigers II | Week 2
    6 Topics
    |
    1 Quiz
  3. Human Capital Development I | Week 3
    2 Topics
  4. Human Capital Development II | Week 4
    2 Topics
    |
    1 Quiz
  5. Petroleum and the Nigeria Economy I | Week 5
    3 Topics
  6. Petroleum and the Nigeria Economy II | Week 6
    3 Topics
    |
    1 Quiz
  7. Manufacturing and Construction | Week 7
    3 Topics
    |
    1 Quiz
  8. Services Industries | Week 8
    3 Topics
    |
    1 Quiz
  9. Agencies that Regulate the Financial Market | Week 9
    9 Topics
    |
    1 Quiz
  10. International Trade | Week 10
    8 Topics
    |
    1 Quiz



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Nigeria Deposit Insurance Corporation

Nigeria Deposit Insurance Corporation is an independent agency of the Federal Government of Nigeria that plays a complementary role like the Central bank of Nigeria by the NDIC Decree No 22 of 1988 which was later replaced by the NDIC Act No 16 of 2006  to insure deposited funds. The agency was necessary because of the expansion of the banking system.

Functions of Nigeria Deposit Insurance Corporation (NDIC)

1. Nigeria Deposit Insurance Commission works with the Central Bank of Nigeria in performing regulatory functions.

2. Assisting monetary authorities in implementation of banking policy.

3. Nigeria Deposit Insurance Commission ensures sound banking practice and positive competition among banks.

4. Nigeria Deposit Insurance Commission gives assistance in the area of financial difficulties.

5. Nigeria Deposit Insurance Commission guarantees payment of depositors.

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