Tag: Money

INTERNATIONAL FINANCIAL INSTITUTIONS AND MARKETS | financial Institutions

AFRICAN DEVELOPMENT BANK (AFDB) The African Development Bank was established onaugust 4, 1963 and became operational in 19666when a meeting of 33 African Heads of State in Khartoum, Sudan, consensually agreed to establish anAfrican bank. The bank‘s headquarters is in Abidjan Coted’voire withrepresentative offices in London and Nairobi. Membership of the ADB was drawn from […]

BANKING INSTITUTIONS IN NIGERIA | Everything About The Banking Institutions In Nigeria

BANKING INSTITUTIONS IN NIGERIACOMMERCIAL BANKS The structure of a commercial bank Commercial banks do retail banking business and dealwith both corporate and personal customers.They accept small amount of deposits from customersranging fro N5,000 and above and make profit bylending money to the public.They operate current accounts (demand deposits) andchequeing facilities.They operate branch banking system (BranchNetwork)They […]

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