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Federal Inland Revenue Service (FIRS) was created in 1943. Prior to that time, its functions had been performed by the Inland Revenue Department of British West Africa. [2] The Board of Inland Revenue was created in 1958, and the service gained autonomy with the passing of the FIRS (Establishment) Act 13 of 2007. [3]
Treasury Single Account (TSA) is a government financial policy to use a single bank account for all inflows of funds from all government agencies. The policy is in use in several countries around the world. [1] Such a unified structure is recommended by the IMF, as all government funds are collected in one account which could reduce borrowing ...
The Nigeria Labour Congress (NLC) is an umbrella organization for trade unions in Nigeria. History [ edit ] The Nigerian Labour Congress was founded in December 1978, as a merger of four different organisations: the Nigeria Trade Union Congress (NTUC), Labour Unity Front (LUF), United Labour Congress (ULC) and Nigeria Workers' Council (NWC). [1]
National Identity Management Commission (NIMC) is a statutory Nigerian organization that operates the country's national identity management systems. It was established by the NIMC Act No. 23 of 2007 to create, operate and manage Nigeria's national identity card database, integrate the existing identity database in government institutions, register individuals and legal residents, assign a ...
Nigerian slang. Meaning. Bank account digits; Account number. Aza is a Nigerian slang term that refers to bank account digits, specifically the account number. [1] When someone in Nigeria uses the term "Aza," they are requesting the account number from another person, usually with the intention of sending money to that account. [2] [3]
NNPC's headquarters in Abuja, Nigeria. Nigerian National Petroleum Corporation ( NNPC) is a for profit oil company in Nigeria. Formerly a government-owned corporation, it was transformed from a corporation to a limited liability company in July 2022. NNPC Limited is the only entity licensed to operate in the country's petroleum industry.
Bank Verification Number. The Bank Verification Number commonly called BVN is a biometric identification system implemented by the Central Bank of Nigeria to curb or reduce illegal banking transactions in Nigeria. [1] It is a modern security measure in line with the Central Bank of Nigeria Act 1958 to reduce fraud in the banking system. [2]
The Ministry of Finance is responsible for a number of parastatals and agencies: Office of the Accountant General of the Federation Of Nigeria; Central Bank of Nigeria; Federal Inland Revenue Service; Investment and Security Tribunal; National Insurance Commission; Nigerian Export Import Bank; Nigeria Deposit Insurance Corporation; Nigerian ...