Banking Lending Policies and Recovery Procedure in Nigeria

Banking Lending Policies and Recovery Procedure in Nigeria

Banking play important role in the economy of a nation, in development countries like Nigeria for example, banks act as agent of development. They provide loans and advances inducing a variety of facilities, which could either, be long term or short term. This also explains why credit guidelines contained in government monetary circulation as well as the sector allocation which bank: and other financial institutions must adhere¬† to during a fiscal year. [Read more…]