Traditional lenders in Nigeria have recently embraced online lending with a number of leading banks having set up online only entitles such as Alat by Wema bank and Specta by... read more →
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 →
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 →
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 →
Shareholders' funds refers to the amount of equity in a bank, which belongs to the shareholders. The amount of shareholders' funds yields an approximation of theoretically how much the shareholders... read more →
