Nigeria Current Affairs 2020: Free Past Questions & Answers [+Quiz & PDF Download]

nigeria-top-current-affairs-questions-and-answers

Up to Date Free Nigeria Current Affairs 2020 with over 1000+ frequently updated Past Questions and Answers, FREE Quiz all PDF on iWanSabi.com

Are you searching for 2020 edition of Nigeria current affairs? Are you preparing for job interviews, scholarship exams, screening or aptitude test? You are probably searching for 2020 edition of Nigeria current affairs because you know most government institutions, schools and companies etc. will likely ask you what is really current in the country.

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If you are in real need of Nigeria current affairs that focuses strictly on 2020 affairs, here is where your search ends! The iWanSabi Team have carefully compiled the 2020 Edition of Nigeria Current Affairs Questions & Answers  which you can freely download the PDF format on your phone for easy reading.

A lot has happened since January 1, 2020, and it’s our job to keep you updated at all time. In this 2020 edition of Nigeria current affairs, we have covered all possible current affairs questions and answers to help you prepare for any job interview or any level exams that requires the knowledge of Nigeria current affairs.

PART 1: 2020 Coronavirus Current Affairs Questions and Answers

1. What is the full meaning of the acronym NCDC?

A. National Center for Disease Control
B. Nigeria Centre and Departmental Control
C. Nigeria Centre for Disease Control
D. None of the above

2. Coronavirus is officially codenamed as

A. COV-19
B. COVID-19 MERS
C. COVID-19
D. SARS

3. The first confirmed case of coronavirus in Nigeria was announced on

A. February 25, 2020
B. February 26, 2020
C. February 27, 2020
D. February 28, 2020

4. The first index case of coronavirus in Nigeria is from

A. China
B. Italy
C. South Korea
D. Germany

5. The first index case of COVID-19 in Nigeria was isolated and treated at?

A. Mainland Infectious Disease Hospital, Yaba
B. Ogun COVID-19 Isolation Centre
C. FCT Covid-19 Isolation Centre
D. National Hospital Abuja

6. In Nigeria, the body solely responsible for infection prevention and control is known as

A. Federal Ministry of Health
B. NHIS
C. NACA
D. NCDC

7. What is the full meaning of the acronym IDH

A. Infectious Disease Hospital
B. Internally Displaced Hospital
C. International Drug Hospital
D. Internally Displaced Homes

8. What is the name of the Director-General of the Nigeria Center for Disease Control (NCDC)?

A. Dr Osagie Ehanire
B. Dr John Oladejo
C. Dr Chikwe Ihekweazu
D. Dr. Yakubu Abdullahi

9. The first known and confirmed case of coronavirus in Africa was reported in

A. Nigeria
B. Algeria
C. Egypt
D. Morocco

10. The second country in sub-Saharan Africa to confirm coronavirus case is

A. Senegal
B. Nigeria
C. Tunisia
D. Algeria

11. Who was the first  person to recover from Coronavirus in Nigeria?

A. German Citizen
B. Italian Citizen
C. Nigerian Citizen
D. UK Citizen

12. The World Health Organization, WHO renamed coronavirus (2019-nCOV) to COVID-19 on

A. February 11, 2020
B. January 31, 2020
C. December 31, 2019
D. February 10, 2020

13. What is the name of Director-General of WHO and when was he appointed?

A. Dr Lee Jong-wook, appointed on 4 March 2017
B. Dr Tedros Adhanom, appointed on 1 July 2017
C. Dr Matshidiso Rebecca Moeti, appointed on 3 August 2017
D. Dr Albert Adhanom, appointed on 2 July 2017

14. What is the correct website of the Nigeria Centre for Disease Control (NCDC)?

A. www.ncdc.ng.gov
B. www.ncdc.com.ng
C. www.ncdc.gov.ng
D. www.ncdc.gov.health

15. The coronavirus outbreak was declared a Public Health Emergency of International Concern by WHO on

A. 31 January 2020
B. 30 January 2020
C. 11 February 2020
D. 28 February 2020

16. The first footballer and first Nigerian to test positive to coronavirus is known as

A. King Paul Akpan Udoh
B. Martins Olomu
C. Ikenna Onyebueze
D. Mohammed Sani

17. How many states in Nigeria as at March 4, 2020 have recorded suspected cases of COVID-19?

A. 5
B. 4
C. 3
D. 6

18. What is the full meaning the acronym EOC?

A. Emergency Operations Control
B. Emergency Operations Centre
C. Emergency Output Centre
D. Emergency Operations Commission

19. What is the estimated incubation period for COVID-19?

A. 1-7 days
B. 1-10 days
C. 1-14 days
D. 24 hours

20. What is the official website address of the World Health Organization (WHO)?

A. www.who.com
B. www.who.health
C. www.who.gov
D. www.who.int

21. Which of the following is the correct website address of the Federal Ministry of Health?

A. www.fmh.gov.ng
B. www.fmh.ng.gov
C. www.health.gov.ng
D. www.fedminhealth.gov.ng

22. The first index case of coronavirus in Nigeria was discharged on?

A. March 18, 2020
B. March 19, 2020
C. March 21, 2020
D. March 20, 2020

23. The first foreigner to die from the new coronavirus is?

A. 69-year-old Italian Citizen
B. 58-year-old UK Citizen
C. 60-year-old US Citizen
D. 70-year-old German Citizen

ANSWERS
1. C – Nigeria Centre for Disease Control

2. C – COVID-19

3. C – 27 February 2020 (The Minister of Health Dr Osagie Ehanire made the announcement in a press release on February 28, 2020)

4. B – Italy ( The Italian man flew into Lagos, Nigeria on 24th February 2020 aboard Turkish Airlines)

5. A – Mainland Infectious Disease Hospital, Yaba

6. D – NCDC – Nigeria Center for Disease Control

7. A – Infectious Disease Hospital located at Yaba, Lagos State.

8. C – Dr Chikwe Ihekweazu

9. C – Egypt on February 14, 2020

10. A – Senegal

11. B – Italian Citizen

12. A – February 11, 2020

13. B – Dr Tedros Adhanom, appointed on 1 July 2017

14. C – www.ncdc.gov.ng

15. B – 30 January 2020

16. A – King Paul Akpan Udoh

17. B – The four states according to NCDC are : Ogun, Lagos, FCT and Kano

18. B – Emergency Operations Centre

19. C – 1-14 days

12. D – www. who.int

21. C – www.health.gov.ng

22. D. March 20, 2020

23. C. 60-year-old US Citizen. She died at a hospital in the Chinese city of Wuhan – the epicentre of the outbreak on February 6, 2020.

PART 2: 2020 General Knowledge Current Affairs Questions and Answers

1. What date did the Federal Government approved new uniform for the Nigerian Correctional Service (NCoS) to reflect its new name?

Answer: February 13, 2020

2. The bill for the establishment of the Nigeria Police Academy, Wudil, Kano as a degree awarding institution passed second reading on _________ in the Senate

Answer: Wednesday, 19 February 2020

3. The Bill was submitted to the National Assembly by President Muhammadu Buhari alongside the

Answer: 2020 Appropriation Bill

4. The implementation of Nigeria’s new 7.5 VAT commenced on

Answer: February 1, 2020

5. Companies Income Tax (CIT) for Companies with revenues between N25 and N100m are described by the Finance Act 2019 as

Answer: Medium-sized companies

6. According to the new Finance Act, businesses from paying VAT are those with turnover below

Answer: 25M

7. Companies Income Tax (CIT) for Companies with revenues between N25 and N100m has been reduced from

Ans: 30% to 20%

8. With the new Act, the N50 Stamp duty charge is now applicable only to transactions amounting to

Answer: N10,000 and above

9. The new Act includes a provision that grants to all companies “engaged in agricultural production” in Nigeria

Answer: An initial tax-free period of 5 years renewable for an additional 3 years

10. The acceptable form of correspondence for persons disputing assessments by Tax Authorities in the New Act now includes

Answer: Electronic mail

11. The outbreak of coronavirus was first reported on December, 2019 in

Answer: The city of Wuhan, China

12. Coronavirus is officially code named by the WHO as

Answer: COVID-19

13. The first African to be recently elected into the prestigious Council of the World Journalism Education Congress, WJEC, for a period of three years is

Answer: Prof Ralph Akinfeleye

14. The Finance Bill 2019, was signed into law by President Muhammadu Buhari on ______

Answer: January 13, 2020

15. On February 11, 2020 Nigeria and of the African countries signed a pact on visa waiver for diplomatic and official passport holders. What country was that?

Answer: Ethiopia

16. What was the theme of the Greeners Business-to-Business Annual National Economic Dialogue 2020 held in Abuja on February 15, 2020?

Answer: “Positioning Nigeria’s Creative Industry as Growth Engine of Africa Continental Trade Agreement (AFCTA)”

17. Deposits into savings accounts that is up to N10,000 are not exempted from the payment of N50 stamp duty under the Finance Act of 2020. True or False?

Answer: True

18. Name the very first African business organization to be inducted into the influential Global Executive Council (GEC) of the Project Management Institute, PMI.

Answer: Dangote Group

19. What is the full meaning of the acronym NCDMB?

Answer: Nigerian Content Development and Monitoring Board (NCDMB)

20. The first African country to report a confirmed case of coronavirus COVID-19 is

Answer: Egypt

21. The FG recently approved the establishment of Federal Colleges of Education in 6 States of the federation. Mention these 6 states

Answer: Bauchi, Benue, Ebonyi, Pain, Sokoto and Edo States.

22. S.H.i.F.T is an acronym for

Answer: Simple, High-Impact, interactive, Focused, Transformational.

23. The Constitution Review Committee to tackle issues with the 1999 Constitution was set up by the Senate President, Ahmad Lawan on

Answer: February 6, 2020

24. Debt Management Office (DMO) on February 24, 2020 announced ________ as thew new Stockbrokers to the Federal Government

Answer: CSL Stockbrokers Limited, a subsidiary of FCMB Group Plc

25. What is the FCTA approved time for checking of vehicle papers in the city of Abuja?

Answer: 5am to 10am

26. Who is the Director-General of the Nigeria Centre for Disease Control (NCDC)?

Answer: Dr Chikwe Ihekweazu

27. Who is the eighth President of the African Development Bank Group (AfDB) and the first Nigerian in the post?

Answer: Akinwumi Adesina

28. The African Union Executive Council comprises ______________ of foreign affairs representing the member states of the African Union

Answer: 55 ministers

29. President Buhari swore-in the National Assembly Service Commission Members on

Answer: Wednesday 26 February 2020

30. The power to probe Government Ministries, Departments and Agencies was conferred to the Independent Corrupt Practices and Other Related Offences Commission (ICPC) on

Feb 27, 2020 

31. President Muhammadu Buhari approved the composition of an 11-member Monitoring Committee for the Niger Delta Development Commission (NDDC) on

Wednesday 26 February 2020

32. What is the full meaning of the acronym NCDC?

Answer: Nigeria Centre for Disease Control

33. The first confirmed case of coronavirus in Nigeria was announced on

Answer: February 27, 2020

34. Who is the current chief of justices of Nigeria?

Answer: Ibrahim Tanko Muhammad

35. Who is the new Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA)?

Answer: Bashir Jamoh

36. What is the name of the new Head of the Civil Service of the Federation (HOCSF)?

Answer: Dr Folasade Yemi-Esan

37. President Muhammadu Buhari swore in Dr Folasade Yemi-Esan as the substantive Head of the Civil Service of the Federation (HOCSF) on

Answer: Wednesday March 4, 2020

38. Who is the Executive Secretary of National Universities Commission (NUC)?

Answer: Professor Abubakar Rasheed

39. In Nigeria, the body solely responsible for infection prevention and control is known as

Answer: Nigeria Centre for Disease Control (NCDC)

40. What is the name of Director-General of WHO and when was he appointed?

Answer: Dr Tedros Adhanom, appointed on 1 July 2017

41. The coronavirus outbreak was declared a Public Health Emergency of International Concern by WHO on

Answer: 30 January 2020

42. Who is the current Minister of Finance, Budget and National Planning?

Answer: Zainab Shamsuna Ahmed (born 16 June 1960)

43. Who is the Accountant General of the Federation?

Answer: Ahmed Idris

44. Who is the current Governor of Central Bank of Nigeria?

Answer: Godwin Emefiele

45. The new Executive Chairman of the FIRS is

Answer: Mr. Muhammad Nami appointed December 9, 2019

46. Who is Nigeria’s Minister of Education?

Answer: Adamu Adamu from Bauchi State

47. What is the name of the Auditor General of the Federation?

Answer: Mr. Anthony Ayine, appointed on Jan 12, 2017.

48. Who is the current National Security Adviser of Nigeria?

Answer: Major General Mohammed Babagana Monguno (rtd) appointed on July 13, 2015 

49. What is the name of the current President of the United Nations General Assembly for the 74th session of the UN General Assembly?

Answer: Tijjani Muhammad-Bande

50. What does the acronym ECOMOG means?

Answer: Economic Community Monitoring Group

51. Charcoal anthrax disease was first reported in?

Answer: Niger Republic on September 23

52. Who is the present Chairperson of the African Union (AU)?

Answer: Moussa Faki Mahamat

53. A bill that applies to the whole population and is intended to promote the general welfare is called

Answer: An Appropriation bill

54. The first index case of coronavirus in Nigeria is from

Answer: Italy

55. Who is the present Minister of Health?

Answer: Dr Osagie Ehanire

56. The first known and confirmed case of coronavirus in Africa was reported in

Answer: Egypt

57. The first footballer and first Nigerian to test positive to coronavirus is known as

Answer: King Paul Akpan Udoh

58. Who is the new Director-General of National Agency for the Control of AIDS (NACA)?

Answer: Dr Gambo Gumel Aliyu

59. Who is the substantive Director-General and Chief Executive Officer of Nigerian Institute of Transport Technology (NITT?

Answer: Dr Bayero Salih-Farah

60. What is the name of the Nigerian female appointed by the President of South Africa, as member of the country’s Economic Advisory Council?

Answer: Dr. Ngozi Okonjo-Iweala appointed on March 7, 2020

61. What was the total number of registered voters of the 2019 General Elections in Nigeria?

Answer: 84,004,080

62. How many people contested for the 2019 Presidential Election?

Answer: 73

63. Who was the oldest candidate of the 2019 Presidential Election?

Answer: President Muhammadu Buhari

64. Who was the oldest running mate at age 76 in the 2019 Presidential Election?

Answer: Nwankwo Agwuncha of People’s Trust (PT)

65. What is the motto of the Independent National Electoral Commission (INEC)?

Answer: Making your votes count, consolidating our democracy

66. What is the full meaning of the acronym PHEIC?

Answer: Public Health Emergency of International Concern

67. Who is the world’s oldest living man?

Answer: Chitetsu Watanabe, a 112-year-old resident of central Japan. Guinness World Records on February 12, 2020 certified Watanabe the oldest living male after the previous holder, Masazo Nonaka, of the northern Japanese island of Hokkaido, died on January 20, 2019, at the age of 113.

68. The new act of the Nigeria Prisons Service (NIS) now Correctional Service was signed into law on

Answer: July 31, 2019.

Full List of Nigeria Ministers, Their Portfolios and States 2019-2023

President Muhammadu Buhari on Wednesday, August 21, 2019 inaugurated 43 ministers into the Federal Executive Council (FEC) for his second term administration.

The president presided over the inauguration ceremony that took place at the State House, Abuja. President for the second time reappointed himself as the Petroleum Minister.
S/NNAMEPORTFOLIOSTATE
1.Dr. Ikechukwu OgahMinister of State Mines and SteelAbia State
2.Muhammad Musa BelloMinister of Federal Capital Territory (FCT)Adamawa State
3.Godswill AkpabioMinister of Niger DeltaAkwa Ibom State
4. Chris NgigeMinister Labour and EmploymentAnambra State
5.Sharon IkeazorMinister of State, EnvironmentAnambra State
6.Adamu AdamuMinister of EducationBauchi State
7.Mariam KatagumMinister of State for Industry, Trade and InvestmentBauchi State
8.Timipre SylvaMinister of State for PetroleumBayelsa State
9.George AkumeMinister of Special DutiesBenue State
10.Mustapha Baba ShehuriMinister of Agriculture and Rural DevelopmentBorno State
11.Goddy Jedy AgbaMinister of State, PowerCross River State
12.Festus KeyamoMinister of State, for Niger DeltaDelta State
13.Ogbonnaya OnuMinister of Science and TechnologyEbonyi State
14.Osagie EhanireMinister of HealthEdo State
15.Clement IkeMinister of State for BudgetEdo State
16.Richard Adeniyi AdebayoMinister of Industry, Trade and InvestmentEkiti State
17.Geoffrey OnyeamaMinister of Foreign AffairsEnugu State
18.Ali Isa PantamiMinister of CommunicationGombe State
19.Emeka NwajiubaMinister of State for EducationImo State
20.Suleiman AdamuMinister of Water ResourcesJigawa State
21.Zainab AhmedMinister of FinanceKaduna State
22.Muhammad MahmoodMinister of EnvironmentKaduna State
23.Sabo NanonoMinister of Agriculture and Rural DevelopmentKano State
24.Bashir Salihi MagashiMinister of DefenceKano State
25.Hadi SirikaMinister of AviationKatsina State
26.Abubakar MalamiMinister of Justice/Attorney General of the FederationKebbi State
27.Ramatu TijjaniMinister of State, Federal Capital Territory (FCT)Kogi State
28.Lai MohammedMinister of Information and CultureKwara State
29.Gbemisola SarakiMinister of State, TransportationKwara State
30.Babatunde FasholaMinister of Works and HousingLagos State
31.Adeleke MamoraMinister of State for HealthLagos State
32.Mohammed H. AbdullahiMinister of State, Science and TechnologyNasarawa State
33.Zubair DadaMinister of State, Foreign AffairsNiger State
34.Olamilekan AdegbiteMinister of Mines and Steel DevelopmentOgun State
35.Tayo AlasoaduraMinister of State, Labour and EmploymentOndo State
36.Rauf AregbesolaMinister of InteriorOsun State
37.Sunday DareMinister of Youth and SportsOyo State
38.Paulen TallenMinister of Women AffairsPlateau State
39.Rotimi AmaechiMinister of TransportationRivers State
40.Maigari DingyadiMinister of Police AffairsSokoto State
41.Sale MammanMinister of Power Taraba State
42.Abubakar D. AliyuMinister of State, Works and HousingYobe State
43.Sadiya Umar FarukMinister of Humanitarian Affairs, Disaster ManagementZamfara State
44.Muhammadu BuhariMinister of Petroleum ResourcesKatsina

2020-edition-of-Nigeria-current-affairs-questions-&-answers

Nigeria’s 36 States and Capitals

S/NSTATECAPITAL
1.ABIAUMUAHIA
2.ADAMAWAYOLA
3.AKWA IBOMUYO
4.ANAMBRAAWKA
5.BAUCHIBAUCHI
6.BAYELSAYENAGOA
7.BENUEMARKUDI
8.BORNOMAIDUGURI
9.CROSS RIVERCALABAR
10.DELTAASABA
11.EBONYIABAKALIKI
12.EDOBENIN CITY
13.EKITIADO-EKITI
14.ENUGUENUGU
15.GOMBEGOMBE
16.IMOOWERRI
17.JIGAWADUTSE
18.KADUNAKADUNA
19.KANOKANO
20.KATSINAKATSINA
21.KEBBIBIRININ KEBBI
22.KOGILOKOJA
23.KWARAILORIN
24.LAGOSIKEJA
25.NASARAWALAFIA
26.NIGERMINNA
27.OGUNABEOKUTA
28.ONDOAKURE
29.OSUNOSHOGBO
30.OYOIBADAN
31.PLATEAUJOS
32.RIVERSPORT HARCOURT
33.SOKOTOSOKOTO
34.TARABAJALINGO
35.YOBEDAMATURU
36.ZAMFARAGUSAU

Current State Governors of Nigeria and their Deputies

STATECURRENT GOVERNORDEPUTY GOVERNORPARTYTOOK OFFICETERM END
Abia StateOkezie IkpeazuUde Oko ChukwuPDP20192023
Adamawa StateAhmadu Umaru FintiriCrowther SethPDP20192023
Akwa Ibom StateUdom Gabriel EmmanuelMoses EkpoPDP20192023
Anambra StateWillie ObianoDr. Nkem OkekeAPGA20182022
Bauchi StateBala MuhammedBaba TelaPDP20192023
Bayelsa StateDuoye DiriLawrence EwhrudjakpoPDP20202024
Benue StateSamuel OrtomBenson AbounuPDP20192023
Borno StateBabaGana UmaraUmar Usman KadafurAPC20192023
Cross River StateBenedict AyadeIvara EsuPDP20192023
Delta StateIfeanyi OkowaKingsley OtuaroPDP20192023
Ebonyi StateDave UmahiEric Kelechi IgwePDP20192023
Edo StateGodwin ObasekiPhilip ShaibuAPC20162020
Ekiti StateKayode FayemiBisi EgbeyemiAPC20182022
Enugu StateIfeanyi UgwuanyiCecilia EzeiloPDP20192023
Gombe StateMuhammad Inuwa YahayaManasseh Daniel JatauAPC20192023
Imo StateHope UzodinmaPlacid NjokuAPC20202024
Jigawa StateBadaru AbubakarUmar Alhaji NamadiAPC20192023
Kaduna StateNasir Ahmad el-RufaiHadiza Sabuwa BalarabeAPC20192023
Kano StateAbdullahi Umar GandujeHafiz AbubakarAPC20192023
Katsina StateAminu Bello MasariMannir YakubuAPC20192023
Kebbi StateAbubakar Atiku BaguduSamaila Yombe DabaiAPC20192023
Kogi StateYahaya BelloEdward OnojaAPC20202024
Kwara StateAbdulRahman AbdulRasaqKayode AlibiAPC20192023
Lagos StateBabajide Sanwo-OluFemi HamzatAPC20192023
Nasarawa StateAbdullahi SuleEmmanuel Agbadu AkabeAPC20192023
Niger StateAbubakar Sani BelloAhmed Muhammad KetsoAPC20192023
Ogun StateDapo AbiodunSalako-Oyedele Noimot OlurotimiAPC20192023
Ondo StateOluwarotimi Odunayo AkeredoluAgboola AjayiAPC20172021
Osun StateAdegboyega OyetolaGboyega AlabiAPC20182022
Oyo StateOluwaseyi MakindeEngr. Rauf Aderemi OlaniyanPDP20192023
Plateau StateSimon LalongSonni Gwanle TyodenAPC20192023
Rivers StateEzenwo Nyesom WikeIpalibo BanigoPDP20192023
Sokoto StateAminu Waziri TambuwalAlhaji Mannir Dan’IyaPDP20192023
Taraba StateArch. Darius IshakuHaruna ManuPDP20192023
Yobe StateMai Mala BuniIdi Barade GubanaAPC20192023
Zamfara StateBello MatawalleMahdi Aliyu GusauPDP20192023

Current FCT (Abuja) Minister: Ramatu Tijani, Party: APC, Took Office: 2019 till present

2019-2020 Nigeria Current Affairs and Answers

Question 1. Who is Nigeria’s current president?

Answer: Muhammadu Buhari

Question 2. The president is elected in national elections which take place every

Answer: Four (4) years

Question 3. The current president, Muhammadu Buhari, took over office on

Answer: May 29, 2015

Question 4. Who is the 15th president of the Federal Republic of Nigeria?

Answer: Muhammadu Buhari

Question 5. The offices, powers, and titles of the head of state and the head of government were officially merged into the office of the presidency under the?

Answer: 1979 Constitution of Nigeria

Question 6. Who is the current Vice President of Nigeria?

Answer: Prof. Yemi Osinbajo [Sworn in on May 29, 2015]

Question 7. Who is the current Senate President of Nigeria?

Answer: Ahmed Ibrahim Lawan  [11 June 2019 – Present]

Question 8. What number in citizen hierarchy is the Senate President in nigeria?

Answer: Three (3)

Question 9. Who is the current Speaker of the House of Representatives?

Answer: Femi Gbajabiamila [11 June 2019 – Present]

Question 10. Who is the current Chief Justice of Nigeria?

Answer: Ibrahim Tanko Muhammad [24 July 2019 – Present]

Question 11. Who is the current Secretary to the Government Of The Federation

Answer: Boss Mustapha [30 October 2017 – Present]

Question 12. Who is the current Accountant-General of the Federation?

Answer: Ahmed Idris [June 25, 2015 – Present]

Question 13. Who is the current Auditor General of the Federation in Nigeria?

Answer: Anthony Ayine [12 January 2017 – Present]

Question 14. Who is the current Head of the Civil Service of the federation?

Answer: Folashade Mejabi Yemi-Esan [4 March 2020 – Present]

Question 15. Who is the current National Security Adviser in Nigeria?

Answer: Babagana Monguno [July 13, 2015 – Present]

Question 16. Who is the current Chief of Staff of Nigeria?

Answer: Ibrahim Gambari [May 13, 2020 – Present]

The Chief of Staff to the President is the senior operational member of the Office of the President of Nigeria. The Chief of Staff is the principal channel of communication between the president and the government.

Question 17. Who is the present CBN Governor?

Answer: Godwin Emefiele [June 4, 2014 – Present]

Question 18. Nigeria’s Democracy Day is now celebrated on?

Answer: June 12 [Until June 6, 2018, it was held annually on May 29]

Question 19: Who is the current Nigerian Deputy Senate president?

Answer: Obarisi Ovie Omo-Agege [11 June 2019 – Present]

Question 20: Who is the current Nigerian Deputy Speaker of the House of Representatives?

Answer: Ahmed Idris Wase [11 June 2019 – Present]

Important Acronyms and their Meanings

  • AACB: Association of African Central Banks
  • ABS : Analytical Balance Sheet
  • ACGSF: Agricultural Credit Guarantee Scheme Fund
  • ACSS: Agricultural Credit Support Scheme
  • ADF: African Development Fund
  • ADPs: Agricultural Development Programmes
  • AES: African Econometrics Society
  • AFC: Africa Finance Corporation
  • AfDB: African Development Bank
  • AIPs: Approvals-In-Principle
  • AMCP: African Monetary Cooperation Programme
  • AML/CFT: Anti-Money Laundering/Combating Financing Terrorism
  • APRM: Africa Peer Review Mechanism
  • ATM: Automated Teller Machines
  • AU: African Union
  • AUC: Africa Union Commission
  •  BAs: Bankers’ Acceptances
  • BDCs: Bureaux de Change
  • BOI: Bank of Industry
  • BWIs: Bretton Woods Institutions
  • CAC: Corporate Affairs Commission
  • CAMA: Companies and Allied Matters Act
  • CAMEL: Capital Adequacy, Asset Quality, Management, Earning and Liquidity
  • CAR: Capital Adequacy Ratio
  • CBN Central Bank of Nigeria
  • CBP: Capacity Building Programme
  • CBs: Community Banks
  • CDMA: Code Division Multiple Access
  • CEPR: Centre for Economic Policy Research
  • CG: Credit to Government
  • CIC: Currency in Circulation
  • CIFTS: Central Bank Inter-bank Funds Transfer System
  • CIS: Commonwealth of Independent States
  • CIT: Companies Income Tax
  • COB: Currency Outside Bank
  • COBEC: Code of Business Ethics and Conduct
  • COPAL: Cocoa Producers’ Alliance
  • CPS: Credit to the Private Sector
  • CPI: Consumer Price Index
  • CPs: Commercial Papers
  • CRMS: Credit Risk Management System
  • CRR: Cash Reserve Requirement
  • CSAR: Country Self Assessment Report
  • CSCS: Central Securities Clearing System
  • CSOs: Civil Society Organisations
  • DFIs: Development Finance Institutions
  • DHs: Discount Houses
  • DLF: Direct Lending Facilities
  • DMBs: Deposit Money Banks
  • DMO: Debt Management Office

  • DS: Development Stock
  • EBP: Electronic Budgeting and Planning
  • ECA: Economic Commission for Africa
  • ECOWAS: Economic Community of West African States
  • EDCs: Enterpreneurship Development Centres
  • EEG: Export Expansion Grant
  • e-FASS: Electronic Financial Analysis and Surveillance System
  • EFCC: Economic and Financial Crimes Commission
  • e-Money: Electronic Money
  • EMS: Enterprise Management and Security
  • ERP: Enterprise Resource Planning
  • ETF: Education Tax Fund
  • FAAC: Federation Account Allocation Committee
  • FC: Finance Companies
  • FCT: Federal Capital Territory
  • FDI: Foreign Direct Investment
  • FGN: Federal Government of Nigeria
  • FHAN: Finance Houses Association of Nigeria
  • FIRS: Federal Inland Revenue Service
  • FITC: Financial Institutions Training Centre
  • FOB: Free on Board
  • FRIN: Forestry Research Institute of Nigeria
  • FSS: Financial System Strategy
  • G-24: Group of Twenty-four (24) Developing Countries
  • GDP: Gross Domestic Product
  • GSM: Global System of Mobile Communications
  • IAS: International Accounting Standard
  • IBRD: International Bank for Reconstruction and Development
  • ICCO: International Cocoa Organization
  • ICO: International Coffee Organization
  • IDA: International Development Assistance
  • IDMS: Integrated Document Management System
  • IEA: International Energy Agency
  • IFAD: International Fund for Agricultural Development
  • IFT: Inter-bank Funds Transfer
  • IGR: Internally Generated Revenue
  • IIP: International Investment Position
  • ILN: Interactive Learning Network
  • IMF: International Monetary Fund
  • IPOs: Initial Public Offers
  • IPPs: Independent Power Plants
  • ISPs: Internet Service Providers
  • IT: Information Technology
  • ITU: International Telecommunication Union
  • JVC: Joint Venture Cash Calls
  • KYC: Know Your Customer
  • LOKAP: Lagos, Kano, Aba and Port-Harcourt
  • LPFO: Low Pour Fuel Oil
  • LR: Liquidity Ratio
  • LROs: Lead Research Organisations
  • LVIFT: Large Value Inter-bank Funds Transfer
  • M1: Narrow Money Supply
  • M2: Broad Money Supply mbd Million barrels per day
  • MDGs: Millennium Development Goals
  • MFBs: Microfinance Banks
  • MICR: Magnetic Ink Character Recognition
  • MMDs: Money Market Dealers
  • MoU: Memorandum of Understanding
  • MPC: Monetary Policy Committee
  • MPR: Monetary Policy Rate
  • MRR: Minimum Rediscount Rate
  • MTEF: Medium-Term Expenditure Framework
  • MYTO: Multi-Year Tariff Order
  • NACRDB: Nigerian Agricultural, Cooperative and Rural Development Bank
  • NACS: Nigerian Automated Clearing System
  • NAF: Nigeria Air Force
  • NAFDAC: National Agency for Food, Drug Administration and Control
  • NAICOM: National Insurance Commission
  • NAOC: Nigeria Agip Oil Company
  • NAPCON: National Petroleum Company of Nigeria
  • NAPRI: National Animal Production Research Institute
  • NBS: National Bureau of Statistics
  • NCDC: Nigeria Centre for Disease Control
  • NCS: Nigerian Custom Service
  • NCS: Nigeria Correction Service
  • NDC: Net Domestic Credit
  • NDDC: Niger Delta Development Commission
  • NDIC: Nigeria Deposit Insurance Corporation
  • NEEDS: National Economic Empowerment and Development Strategy
  • NEER: Nominal Effective Exchange Rate
  • NEPAD: New Partnership for Africa’s Development
  • NERC: National Electricity Regulatory Commission
  • NEXIM: Nigerian Export-Import Bank
  • NFAs: Net Foreign Assets
  • NGC: Nigerian Gas Company
  • NGOs: Non-Governmental Organizations
  • NIBOR: Nigerian Inter-Bank Offer Rate
  • NICPAS: Nigerian Cheque Printers Accreditation Scheme
  • NNPC: Nigerian National Petroleum Corporation
  • NPC: National Population Commission
  • NPSC: National Payments System Committee
  • NSE: Nigerian Stock Exchange
  • NSPFS: National Special Programme for Food Security
  • NSPM: Nigerian Security Printing and Minting
  • NTBs: Nigerian Treasury Bills
  • NYSC: National Youth Service Corps
  • NWG: National Working Group
  • OBB: Open Buy Back
  • ODA: Overseas Development Assistance
  • OFIs: Other Financial Institutions
  • OMO: Open Market Operations
  • OPEC: Organisation of Petroleum Exporting Countries
  • OTC: Over-the-Counter
  • P&A Purchase and Assumption
  • PENCOM: National Pension Commission
  • PEP: Politically Exposed Person
  • PHCN: Power Holding Company of Nigeria
  • PIR: Process Improvement and Redesign
  • PMIs: Primary Mortgage Institutions
  • PMS Portfolio Management System
  • POS: Point of Sale
  • PPT: Petroleum Profit Tax
  • PSI: Policy Support Instrument
  • PSR: Public Service Rule
  • PSV Payments System Vision
  • RBDAs: River Basins Development Authorities
  • REC: Regional Economic Commission
  • REER: Real Effective Exchange Rate
  • RTEP: Root and Tuber Expansion Project
  • RTGS: Real Time Gross Settlement
  • GCE: General Certificate of Education
  • UNICEF: United Nations International Children Emergency Fund
  • NICON: National Insurance Corporation of Nigeria
  • NIPOST: Nigeria Postal Services and Telecommunication
  • NURTW: National Union of Road and Transport Workers
  • NGO: Non-Governmental Organization
  • SWAN: Sports Writers association of Nigeria
  • NEPAD: New Partnership for Africa’s Development
  • SBUs: Strategic Business Units
  • SEC: Securities and Exchange Commission
  • SFU: Special Fraud Unit
  • SITC: Standard International Trade Classification
  • SMEDAN: Small and Medium Enterprises Development Agency
  • SMEEIS: Small and Medium Enterprises Equity Investment Scheme
  • SON: Standard Organisation of Nigeria
  • SPDC Shell Petroleum Development Company
  • SSA Sub-Saharan Africa
  • SSC: South – South Cooperation
  • APC: All Progressives Congress
  • PDP: Peoples Democratic Party
  • NN: Nigeria Navy
  • JAMB: Joint Admission and Matriculation Board
  • AIDS: Acquired Immune Deficiency Syndrome
  • NPA: Nigerian Ports Authority
  • ASUU: Academic Staff Union of Universities
  • ASUP: Academic Staff Union of Polytechnics
  • AIT: Africa Independent Television
  • NAN: News Agency of Nigeria
  • PENGASSAN: Petroleum and Natural Gas Senior Staff Association of Nigeria
  • NLC: Nigeria Labour Congress
  • NECON: National Election Commission of Nigeria
  • NUJ: Nigeria Union of Journalists
  • ICPC: Independent Corrupt Practices Commission and Other Related Offenses
  • SARS: Special Anti Robbery Squad
  • OPC: Odua People’s Congress
  • NANS: National Association of Nigeria Student
  • BCOS: Broadcasting Corporation of Oyo State
  • NASU: Non Academic Staff Union
  • NDA: Nigeria Defense Academy
  • ECOMOG: Economic Community of West African States Monitoring Group
  • SAN: Senior Advocate of Nigeria
  • FIFA: Federation of International Football Association
  • CAN: Christian Association of Nigeria
  • NPF: Nigeria Police Force
  • BBC: British Broadcasting Corporation
  • UNESCO: United Nation Education Scientific and Cultural
  • WHO: World Health Organization
  • ITF: Industrial Training Fund
  • NUPENG: National Union of Petroleum and Natural Gas
  • NBA: Nigeria Bar Association
  • NUT: Nigeria Union of Teachers
  • WAEC: West Africa Examination Council
  • AAWUN: Agricultural and Allied Workers Union of Nigeria
  • SSS: State Security Service
  • AAAN: Association of Advertising Agencies of Nigeria
  • AEDC: Abuja Electricity Distribution Company
  • ICJ: International Court of Justice
  • AFRC: Armed Forces Ruling Council
  • AIG: Assistant Inspector General
  • UCH: University College Hospital
  • LUTH: Lagos State Teaching Hospital

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Esther Sunday

Esther Sunday

This really helped in my exam, thanks a lot.

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