SS1 Commerce Lesson Note (Third Term) 2024

The lesson note for SS1 Commerce third term is now available for Tutors, parents, guardians and students who have been searching for an accurate and updated 2024 note.

Please note that the third term lesson note is curled out from the approved scheme of work for Senior Secondary school. So you can do your verification as well and compare the third term lesson note for SS1 Commerce as seen on the free PDF file made available towards the end of this post.

SS1 Commerce Lesson Note (Third Term) [year] 1

The SS1 Commerce lesson note for third term is in line with the 2024 SS1 Commerce scheme of work for the term. This means the SS1 Commerce lesson note is tailored towards achieving the aim and objective for the subject as mandated by the ministry of education.

Below is The Commerce Scheme of work from which the Commerce SS1 third term lesson note was drafted from:


WEEK 1- Revision

WEEK 2- Documents Used In Foreign Trade

WEEK 3- Customs And Excise Authority

-Nigeria Export Promotion Council

WEEK 4- Nigerian Port Authority

  • Meaning and Functions
  • Relationship of Nigerian port
  • Authority with the department of Customs and Excise

WEEK 5- Business Organisation sole Proprietorship

  • Meaning & Objectives of business
  • Meaning features and sources of capital
  • Advantages and disadvantages of sole Proprietorship

WEEK 6- Partnership

  • Meaning, formation and terms of agreement
  • Types of Partnership
  • Sources of capital
  • Advantages and disadvantages
  • Dissolution of Partnership
  • Kinds of Partnership


WEEK 8- Money

  • Meaning
  • Evolution
  • Functions
  • Characteristics
  • Types/Forms of money

WEEK 9- Banks

  1. Central Bank of Nigeria (CBN)



  1.  Commercial Banks


  • Types of Accounts
  • Forms of payment

– E-banking

-Western Union

Automated teller Machine (ATM)

WEEK 10- Specialised Bank and Cheque

Nigerian Industrial development banks,

Federal mortgage bank of Nigeria etc.

WEEK 11- Revision

WEEK 12-Examination

WEEK 13- Examination


At the end of the lesson, the students should be able to understand the following concepts:

  • Documents Used In Foreign Trade
  • Customs And Excise Authority
  • Nigerian Port Authority
  • Business Organisation
  • Partnership
  • Money
  • Banks
  • Specialised Bank and Cheque


The above are what is expected of a SS1 student to know and be able to understand with ease. The SS1 Commerce third term lesson note here is aided with graphics so it makes it easier not just for the students but for the teachers too.

I have made the SS1 Commerce third term lesson note available in a PDF format for free download without any extra cost as this would ease the passage of knowledge from teachers to students without hinderances. It is a my little way of giving back to the educational sector where I belong.

All you need do is click the download button below to get the PDF file of the Commerce third term lesson note for third term.

SS1 Commerce Third Term Lesson Note 2024

To get the updated SS1 Commerce third term lesson note for 2024 please see the download button below. You can save to your personal device so it can be accessed anytime.


I hope the above has helped? Please feel free to ask questions as regards the Commerce approved SS1 Commerce third term lesson note for 2024 if you have any and I will be glad to assist.

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