Loan Guide

Tips on securing loans in Nigeria

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
Nigerian students Asking the question “How do I pay for university?” is like asking, ‘How do I get to Lagos Island?’ or, ‘How do I start my side hustle?’ There are many ways to pay for university in Nigeria, but there’s not always one clear path. If you’re like most students and families, you’ll hustle together funds from different sources. Some types of financing methods are better than others, so use the following advice in
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 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
There is no time to delay when it comes to managing your money given the current economic situation in Nigeria. This means taking a really close look at where your money’s coming from, and where it’s going. In this guide we will give you a few tips on how to manage your money in Nigeria. Get out your bank statements and go through them line by line. When you take a close look at where
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