(i) Meaning and importance
(ii) Types (industrial, commercial and
services)
(iii) Factors that determine choice of
occupation 

(i) Factors, characteristics and rewards
(land, labour, capital and entrepreneur)
(ii) Division of Labour and specialization
(iii) Types (primary, secondary and
tertiary)

a. Home Trade
(i) Retail trade:
– Types of retailers
– Functions of retailers
– Factors to be considered in setting
up retail trade
– Trends in retailing (branding, self –
service, vending machines, the use
of luncheon, fuel vouchers,etc)
– Advantages and disadvantages of
retailers
(ii) Wholesale trade:
– Types of wholesalers (merchant,
agent, general, etc)
– Functions of wholesalers
– Advantages and disadvantages of
wholesalers
b. Foreign trade
(i) Basic issues in foreign trade (balance of
trade, balance of payments and counter
trade)
(ii) Procedures and documents used in
export, import and entrepôt trade
(iii) Barriers to international trade
(iv) Role of Customs and Excise Authority,
Ports Authority, etc in foreign trade
5. Purchase and Sale of Goods
(i) Procedure and documentation
(enquiry, quotation, order, invoice,
proforma invoice, statement of
accounts, indent, consular invoice, bill
of lading, certificate of origin,
consignment note, etc)
(ii) Terms of trade (trade discount,
quantity discount, cash discount,
warranties, C.O.D., C.I.F., F.O.B., and
E.O.E. etc)
(iii) Terms of payments
a. Cash – Legal tender
b. Credit
– Types and functions
– Merits and demerits

a. Advertising:
(i) Types and media
(ii) Advantages and disadvantages
b. Banking:
(i) Types of bank
(ii) Services
(iii) Challenges
c. Communication:
(i) Process and procedure
(ii) Types
(iii) Trends
(iv) Merits and demerits
(v) Barriers
d. Insurance:
(i) Types
(ii) Principles
(iii) Terms
(iv) Importance
e. Tourism:
(i) Importance
(ii) Agencies that promote tourism in
Nigeria
(iii) Challenges
f. Transportation:
(i) Mode
(ii) Importance
(iii) Advantages and disadvantages
g. Warehousing:
(i) Importance
(ii) Types and functions
(iii) Factors to be considered in siting
a warehouse

(i) Forms and features (Sole
Proprietorship, Partnership, Limited
Liability Companies, Public
Corporations, Cooperative Societies,
etc.)
(ii) Registration of businesses
(iii) Business Mergers
(iv) Determination of choice of business
units
(v) Dissolution and liquidation
(vi) Merits and demerits

(i) Sources of finance (personal savings,
sale of shares and bonds, loans,
debentures, mortgage, bank overdraft,
ploughing back of profit, credit
purchase, leasing, etc.)
(ii) Types of capital (share capital, capital
owned, authorized (capital, issued
capital, called-up capital, paid-up
capital, liquid capital, working capital
and owners’ equity)
(iii) Calculation of forms of capital, profits
(gross and net) and turnover
(iv) Problems of sourcing finance
(v) The role of Bureaux de change in an
economy

(i) Objectives and functions of trade and
manufacturer’s associations (Cocoa
Farmers’ Association, Garri Sellers’
Association, Poultry Farmers’
Association, etc.)
(ii) Objectives and functions of Chambers
of Commerce.

(i) Evolution
(ii) Forms and qualities
(iii) Functions

(i) Importance and functions
(ii) Types of securities (stocks, shares,
bonds, debentures, etc)
(iii) Procedure of transactions and
speculations
(iv) Second-Tier Securities Market, (listing
requirements, types of companies for
the market, advantages and operating
regulations of the market.)

(i) Functions (planning, organizing,
staffing, coordinating, motivating,
communicating, controlling etc)
(ii) Principles (span of control, unity of
command, delegation of authority, etc)
(iii) Organizational structure (line, line and
staff, functional, matrix and
committee)
(iv) Functional areas of business
(production, marketing, finance and
personnel)
(v) Business resources (man, money,
materials, machines and
opportunities/goodwil

(i) Importance and Functions
(ii) The marketing concept (consumer
orientation, customer satisfaction,
integrated marketing, etc)
(iii) Marketing mix (product, price, place
and promotion)
(iv) Market Segmentation
(v) Public relations and Customer Service

(i) Meaning and validity of a simple
contract
(ii) Agency, Sale of Goods Act and Hire
Purchase Act
(iii) Contract of employment
(iv) Government regulations of business
(registration of business, patents,
trademarks, copyrights, etc) 

(v) Consumer protection (Government
legislation, Standards Organization
Trade Descriptions Act, Consumer
Protection Council, NAFDAC,
NDLEA, Customs and Excise, etc.)
(vi) Regulatory agencies.

a. Computer:
(i) Appreciation and application
(ii) Types and functions
(iii) Merits and demerits
(iv) Challenges
b. Terms (Internet, Intranet, browsing,
password, e-mail, google, yahoo, search,
Local Area Network, etc.)
c. Activities:
(i) e-commerce
(ii) e-banking
(iii) e-business

(i) Legal, political, economic, social,
cultural, technological environments,
etc
(ii) Safe products, philanthropic and
societal consideration
(iii) Types and implication of pollution
(water, air, land, etc.)