Bank of Agriculture is a Nigerian government sponsored bank that provides credit facilities to both small and large scale farmers and small businesses within rural areas. An outcome of a restructuring of government sponsored microcredit institutions, the bank was formed in 2000 and assumed the assets of the National Agriculture and Cooperative Bank, People’s Bank […]
Commercial Banks in Nigeria performs the following functions; 1. Accepting deposits 2. Demand Deposits 3. Discounting of Bills 4. Loans and Advances 5. Housing Finance 6. Educational Loan Scheme 7. Loans against Shares/Securities 8. Loans against Savings Certificates 9. Consumer Loans and Advances 10. Securitization of Loans
1. It Finances Plant And Equipment The Bank of Industry main objective is to promote industrial sector of the economy, in doing so, it is targeted at financing plants and equipment only. Financing raw materials and working capital of businesses are not in its financing preferences, lest alone financing lands and buildings. 2. It Disburses […]
The Nigeria agricultural and cooperative bank (NAXV) was established in 1973 to help in the development of the countries economy through providing agricultural aids as well as assisting the farmers and cooperative societies. Initially, at inception of the bank, us resources consisted mainly of the federal government subscribed equity capital and statutory allocation from the […]
They are Responsible for; 1. Funding Of Small Scale Businesses In running small scale business successful, funds therefore, are necessary hence, collecting credit from financial institutions would be the best option, since such loan would served as an input for the sustenance of the growth of such small scale business thus, availability of funds would […]
Here’s a List of Functions Of The Central Bank Of Nigeria (CBN) 1. Banker to banks and other financial institutions Central bank keeps account for commercial banks as well as other financial institutions operating within the country. 2. Banker and Adviser to the government The Central bank plays the role of financial advisers to the […]
1. Guaranty Trust Bank Plc {GTBank} 2. First Bank Plc {FBN} 3. Ecobank Nigeria 4. Zenith Bank of Nigeria Plc 5. Access Bank Plc 6. United Bank for Africa 7. Diamond Bank Plc 8. Union Bank of Nigeria 9. Fidelity Bank 10. Skye Bank