The most important sources of bank loans in Nigeria include: paid-up capital, reserve fund, accumulated profit, and deposits. The word deposit represents the money in the funds of a bank’s... read more →
Islamic finance encompasses a broad range of financial products that are structured in compliance with Islamic law (Shariah). There are, however, diverging views amongst scholars and Ulama on the type... read more →
Non-Bank lenders in Nigeria fill the SME credit gap which funds the growth of many small businesses. MoneyLenders Money lenders are offshoots of the Esusu system. In the absence of... read more →
Commercial banks generally provide company loans in Nigeria and it represents a large proportion of their loans portfolio. It can be used to acquire fixed assets that have fairly long... read more →
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 →
