There are traditional financial institutions which predate the banking system that engage in limited financial intermediation by channeling funds between lenders and borrowers. Informal loans in Nigeria are key to... 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 →
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 →
History of the Central bank of Nigeria The central bank of Nigeria was established in 1958 under Act which conferred on it a number of functions and powers, including powers... read more →
Project finance in Nigeria is a loan-based funding predominantly used to finance activities in the energy sector and in infrastructure. Project financing can be immensely complex deals that takes years... read more →
Syndicated loans are used when a borrower wants to borrow more than its bank is prepared to lend. The bank will pull together a syndicate (pool) of other banks to... read more →
Salary Advance is a small, short-term unsecured loan that relies on the borrower having previous payroll and employment records. With a salary advance in Nigeria, you repay it either out... read more →
