Loan Guide

Tips on securing loans in Nigeria

2019 Non-performing loans in Nigeria
A Non-Performing Loan (NPL) in Nigeria is the sum of money borrowed in a loan contract in which the borrower has not made required repayments agreed to for at least 90 days. The 2019 Non-performing loans in Nigeria Ranking The Central Bank of Nigeria sets limits for banks and other financial institutions on non-performing loans to reflect in their books. For the Mortgage Refinance Corporation, it stated, “The maximum ratio of non-performing loans to total
The 2020 top banks in Nigeria by assets
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 broken down into two main categories. These two categories are current assets and non-current assets. In this educational article, we list the 2020 top banks in Nigeria by assets Total assets are the sum of all current and non-current assets and must equal the sum
The types of loans offered in Nigeria differ from one another by the terms of the loans. Learning the differences between the various types of loans can help you evaluate your lending needs and weigh your options—you’ll have a better understanding of which loan will best suit your needs and how to evaluate the terms offered by various lenders. There are many different types of consumer loans. Some of the most common types of loans
The 2020 top banks in Nigeria by Shareholders' funds
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 would receive if a business were to liquidate In this educational article, we list the 2020 top banks in Nigeria by Shareholders’ funds. It is the value of the shareholders’ interest in a bank. For banks (as opposed to group) accounts it is simply all
The 2020 top banks in Nigeria by profits
Profit Before Taxation combines all of the company’s profits before tax, including operating, non-operating, continuing operations and non-continuing operations. In this educational article, we list the 2020 top banks in Nigeria by profits. PBT exists because tax expense is constantly changing and taking it out helps give an investor a good idea of changes in a company’s profits or earnings from year to year. Profit Before Taxation (PBT) is the money retained by the firm
2020 top banks in Nigeria by earnings
Gross earnings are income before taxes or adjustments, it is calculated as revenues minus expenses. Bank’s gross earnings is one measure among many of how well it uses its resources to produce a profit. In this educational article, we list the 2020 top banks in Nigeria by earnings. A company’s gross earnings are reported periodically on its income statement. The first line of the income statement reports a company’s total sales and revenues for a
Many young aspiring Nigerian entrepreneurs have an idea for their business but lack the capital to actually start it. Getting loans for Loans for Nigerian Startups can be incredibly difficult, as they are often turned down for bank loans, and even if your business is established, funds can still be tough to secure. So what options are left for those aspiring to be the next Dangote? Angel investors Angel investors invest in early-stage or startup