Written by In other words, subrogation is the substitution of the insurer in place of the insured for the purpose of claiming indemnity from a third-party wrongdoer for a loss paid by the insurer.
Liquidation refers to the process of closing down a business and selling off all of its assets to pay off its debts.
It is the process of bringing a business to an end or winding up a business.
Liquidation is also the closing of a business and distributing its assets to claimants or creditors.
It is typically done when a business is insolvent or unable to pay up its debts.
The African Development Bank (AfDB) is a regional financial institution established in 1964.
The Bank was created with the purpose of providing development assistance to African countries.
It was established to promote economic growth, development and social progress across the African continent.
The African development bank(AFDB) provides finances to African governments and private companies investing in it.
The AFDB currently has 81 countries as its members. As of 31st of December.2016, It has 1500 staff.
The African development bank’s mission is to fight poverty and improve living conditions on the continent by promoting the investment of public and private capital project programs that are likely to contribute to the economic and social development of the region.
E-banking refers to the use of electronic devices such as computers and mobile phones to perform banking transactions.
It is the use of technology to carry out financial transactions.
Business communication is the process of sharing relevant information between people in an organization and outside using a formal method.
It is the process of sending relevant information within the organization in a way that will help the business achieve its goal.
Business communication can also be defined as the exchange of information, ideas, and messages within and between organizations or individuals to achieve specific goals.
Business statistics is also the application of statistics to analyze business data.
It is the application of statistical techniques to analyze and understand business-related data.
It involves the collection, analysis, interpretation, presentation, and modelling of data in order to identify patterns and relationships and to make informed business decisions.
The NDIC works with the Central Bank of Nigeria to supervise and regulate the financial institutions in the Nigerian financial system and manages the assets of distressed banks until they are fully liquidated.
The main factors that led to the formation of the NDIC include bank failures, sharp practices by banks, and the need for financial stability in the banking sector.
