Commercial Banks in Nigeria - JSS3 Social studies Lesson Note

Economic institutions in Nigeria play a crucial role in shaping the country's financial landscape. Banks, both commercial and central, are key components of this system.

Commercial banks in Nigeria serve various functions in the economy. They facilitate financial transactions, provide loans to businesses and individuals, and offer a range of financial services. These banks play a vital role in promoting economic growth by channeling funds from savers to borrowers, thus encouraging investment and consumption.