Difference Between Development Banks and Commercial Banks
Posted inDifference Between

Difference Between Development Bank and Commercial Bank

Development bank may be defined as a financial institution set up purposely to offer long term loans meant for development projects while commercial bank may be defined as a financial institution which carries out retail banking services, set up for keeping and lending money to people, owned by organisations, individual or governments, for the purpose of making profits.
Central Bank: Definition, Features, Functions & Examples
Posted inEconomics Finance

Central Bank: Definition, Features, Functions & Examples

A Central Bank is a National Government owned apex financial institution which controls and supervises the entire monetary system of a country. It assists, directs and regulates the activities of other financial institutions to make them comply with government monetary and economic policies.
Monopoly: Definition, Types, Features, Causes, Pros & Cons
Posted inEconomics

Monopoly: Definition, Types, Features, Causes, Pros & Cons

Monopoly may be defined as a market situation where there is only one producer or supplier of a particular commodity that has no substitute and who has the power to influence the price of the commodity to his own favour. The commodity sold by a monopolist is usually differentiated.
Problems of Financial Institutions in Nigeria
Posted inEconomics Finance

Problems of Financial Institutions in Nigeria

Financial Institutions are business organizations which deal in money, though some may deal in other financial assets such as shaves, letters of credit, bills of exchange etc. With the exception of the Central Bank, they make profits by trading in money; that is, through the process of accepting deposits in several ways e.g. offering technical advice etc.