Introduction The two most popular types of bank loans in present day banking services in Nigeria, these are loans and overdrafts. Other forms which may not necessarily take the shape... read more →
According to the world trade organization, some 80 to 90 per cent of world trade relies on trade finance. In 2016, world merchandise trade recorded its lowest growth in volume... read more →
As a result of the problems associated with establishing companies with huge asset requirements, coupled with the substantial capital often tied up in providing infrastructural needs like electricity, water, roads... read more →
The most important sources of bank loans in Nigeria include: paid-up capital, reserve fund, accumulated profit, and deposits. The word deposit represents the money in the funds of a bank’s... read more →
Non-Bank lenders in Nigeria fill the SME credit gap which funds the growth of many small businesses. MoneyLenders Money lenders are offshoots of the Esusu system. In the absence of... read more →
Commercial banks generally provide company loans in Nigeria and it represents a large proportion of their loans portfolio. It can be used to acquire fixed assets that have fairly long... read more →
Origin of Banking in Nigeria The origin of modern banking in Nigeria dates back to 1883 when the African banking corporation was established followed in 1884 by the establishment of... read more →
