Origin of Banking in Nigeria The origin of modern banking in Nigeria dates back to 1883 when the African banking corporation was established followed in 1884 by the establishment of... read more →
An asset is a resource controlled by the entity as a result of past events and from which future economic benefits are expected to flow to the entity. Assets are... read more →
History of the Central bank of Nigeria The central bank of Nigeria was established in 1958 under Act which conferred on it a number of functions and powers, including powers... read more →
Project finance in Nigeria is a loan-based funding predominantly used to finance activities in the energy sector and in infrastructure. Project financing can be immensely complex deals that takes years... read more →
Short term finance is used by businesses to cover the current liabilities such as creditors, expenses. Short term loans in Nigeria are provided by most of the CBN regulated lenders.... read more →
Asset financing in Nigeria is usually used to fund large expenditures like machinery, ships and vehicles. It is attractive because it can be cheaper than the company simply borrowing the... read more →
When established business venture into new markets or a new product line they normally seek funding to finance the activities. Retained earnings are the cheapest form of finance, but if... read more →
