DESIRABILITY OF SECURITIES FOR LOAN IN NIGERIAN COMMERCIAL BANK (A CASE STUDY OF AFRIBANK PLC)

Banking in Nigeria started in 1892 then the first commercial was known as the African Banking Corporation was established in Lagos. Then the bank was responsible for the distribution of British currency for colony. In 1894, the British Bank of West Africa (BBWA) was established in Lagos and took over the African Banking Corporation established earlier. The bank was given the name bank of West Africa (BWA) in 1957, standard bank of Nigeria (SBN) in June, in 1969 and the First Bank of Nigeria in 1979 which is the oldest deposit bank in West Africa. [Read more…]