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
top bank in nigeria by TOTAL ASSETS 2019
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 2019 top banks in Nigeria by assets Total assets are the sum of all current and non-current assets and must equal the sum
top bank in nigeria by EQUITY SHAREHOLDERS FUND 2019
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 2019 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
top bank in nigeria by profit before taxation 2019
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 2019 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
top bank in nigeria by GROSS EARNIGS 2019
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 2019 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
When applying for an online loan these days, most companies will ensure that they verify the applicant before proceeding and funding their loan. This is a standard process to ensure that the loan is actually for that borrower and allows them to ask any follow up questions to make sure that the loan is appropriate for them. In this guide we will discuss a few of the key requirements to access loans in Nigeria. Key
In the age of greater access to loans driven by online lenders, bankruptcy remains one of the more misunderstood topics in Nigerian personal finance. The confusion and myths surrounding bankruptcy in Nigeria remain in part due to a lack of information on how to get a Loan After Bankruptcy in Nigeria. The Nigerian bankruptcy act of 2004 states a debtor commits an act of bankruptcy if “a creditor has obtained a final judgment or final