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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