Match each Nigerian financial regulatory body or institution on the left with its primary statutory function or mandate on the right.
- Securities and Exchange Commission (SEC)Regulates the capital market, approves public security issues, and protects capital market investors.
- Nigeria Deposit Insurance Corporation (NDIC)Insures bank deposit liabilities, protects depositors, and manages the resolution of distressed banks.
- Investment and Securities Tribunal (IST)Adjudicates civil disputes arising from capital market operations and securities transactions.
- Central Bank of Nigeria (CBN)Issues legal tender currency, formulates monetary policy, and acts as lender of last resort to banks.
Cevap
Securities and Exchange Commission (SEC) matches with regulating the capital market and public issues; Nigeria Deposit Insurance Corporation (NDIC) matches with insuring bank deposit liabilities and managing bank distress; Investment and Securities Tribunal (IST) matches with adjudicating capital market disputes; Central Bank of Nigeria (CBN) matches with issuing legal tender currency and acting as lender of last resort.
Each regulatory institution plays a distinct statutory role: SEC regulates the capital market and public securities issues; NDIC insures deposit liabilities of licensed banks; IST resolves capital market legal disputes; and CBN manages monetary policy, currency issuance, and banking supervision.
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Anahtar Kavram
Distinct roles and jurisdictions of financial system regulatory bodies in Nigeria (SEC, NDIC, CBN, IST).