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 2018 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
A bank loan is a form of credit which is extended for a specified period of time, usually on fixed-interest terms related to the base rate of interest, with the principal being repaid either on a regular installment basis or in full on the appointed redemption date. Depending upon the nature of the loan and the degree of risk involved, a bank loan may be unsecured or secured. Bank loans in Nigeria are provided by A business loan is a loan specifically intended for business purposes. As with all loans, it involves the creation of a debt, which will be repaid with added interest. There are a number of different types of business loans in Nigeria including mezzanine financing, asset-based financing, invoice financing, microloans, business cash advances and cash flow loans. MEDIUM TERM BUSINESS LOANS Setting up a business or expanding your current one can be expensive. Some people 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 2018 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 Hire purchase companies in Nigeria provide durable consumer goods financing including car loan refinancing for corporate clients, commercial and agricultural tractors and equipment financing, industrial equipment financing and leasing. What is a Hire purchase Hire purchase is acquisition of assets on credit on credit and settlement of which is made through regular installments payments. its the provision of finance for assets or equipment which is repaid by instalments over a period of time in accordance Long term loans in Nigeria are usually associated with large capital-intensive projects with a tenor for more than five years. Merchant and development banks generally provide this type of facility and it represents a large proportion of their loans portfolio. It can be used to acquire fixed assets that have fairly long life such as major plant and machinery, and to fund the purchase or construction of buildings. It can also be used to provide Medical loans refers to loans incurred by individuals due to health care costs and related expenses. In most cases medical loans in Nigeria are not provided by the hospital itself, but by a partner provider. Medical debt is different from other forms of debt, because it is usually incurred accidentally or faultlessly. People do not plan to fall ill or hurt themselves, and health care remedies are often unavoidable. Medical debt is often treated with
