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7-10beginnerbanking-basics

What Is a Bank?

Explore why banks take deposits (safe keeping) and make loans (income).

5

Lessons in this module

30 min module estimate
1Preview

Banks as custodians

Explore why banks take deposits (safe keeping) and make loans (income).

5 minPreview lesson →
2Preview

Why banks need rules

Explore why the CBN is Nigeria's apex bank.

5 minPreview lesson →
3Preview

Nigerian banks and fintechs

Explore why fintech (financial technology) companies like Kuda, Opay, and PalmPay deliver banking via apps.

6 minPreview lesson →
4Preview

The family bank in your app

Explore why the family bank is a safe training ground.

6 minPreview lesson →
5Preview

Trust in banking

Explore why the NDIC insures Nigerian bank deposits up to 5 million naira per depositor per bank.

8 minPreview lesson →
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