Names of Banks In Nigeria

1. Development Bank of Nigeria – DBN Recruitment, Management Team and DBN loan
2. Tips For Securing a Bank Loan For Your Business

Interest is additionally earned when money are kept in the banks. Thus, the banks play a crucial role within the creation of latest capital (or capital formation) and as a result help the expansion process.
Banks arrange for the sale of shares and debentures. Thus, business houses and makers can get fixed capital with the help of banks. There are banks referred to as industrial banks, which assist the formation of latest com­panies and new industrial enterprises and provides long-term loans to manu­facturers.
The banking industry can create money. When business expands, extra money is required for exchange transactions. The tender money of a rustic cannot usually be expanded quickly. Bank money are often increased quickly and used when there’s need of extra money . during a developing economy (like that of India) banks play a crucial part as supplier of cash .
The banking industry facilitates internal and international trade. An out-sized  part of trade is completed on credit. Banks provide references and guarantees, on behalf of their customers, on the idea of which sellers can supply goods on credit. This is often particularly important in international trade when the parties reside in several countries and are fairly often unknown to at least one another.
There are special sorts of banks which give facilities to different sorts of economic activities. In recent times, virtually  in every country, there’s a financial institution which controls the activities of all other banks, and in Nigeria, CBN perform such task.
Imagine a country or a World Without commercial Banks–If there were no banks…

• Where would you go to borrow money to in order settle  minor issues?
• What would you do with your savings?
• Would you be able to borrow (save) as much as you need, when you need it, in a form that would be convenient for you at all time?
• What risks might you face as a saver (borrower)?
• Will you be able to sleep with your eyes close?
• How will you respond to criminals invading your privacy and house storage to steal your hard earned money

An analysis of the banking industry shows that Nigeria has 8 internationally authorized commercial banks, 11 nationally authorized commercial banks, 3 regionally authorized commercial banks, 5 merchant banks and 2 non-interest banks.
JAIZ Bank Plc and TAJBank Limited seem to be the only two Nigerian banks operating on a zero-interest basis. However, JAIZ Bank is the only non-interest Nigerian bank with CBN-granted national authorization.