What is banking, and what are its benefits in Nigeria?

The industry and practice of providing financial services, such as accepting deposits, lending money, and facilitating financial transactions, is referred to as “banking.” Banks are essential in the economy as they offer individuals and businesses access to key financial products like checking and savings accounts, loans, and investment opportunities. Nigeria’s developing banking sector provides stability and investment opportunities, offering a secure platform for those in need of banking and financial services in a growing economy.