Loan Guide

Tips on securing loans in Nigeria

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
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
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 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
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