- Murabaha
- A sale at cost plus a disclosed profit, paid on deferred terms. The bank buys the goods, takes ownership, then sells them to the client. The price is fixed at the point of sale.
- Salam
- A forward purchase paid in full in advance for delivery later. Permitted specifically to finance producers who need money before the harvest.
- Ijarah
- A lease. The bank buys an asset and leases it to the client for a rental, with ownership often passing to the client at the end.
- Pre-export finance
- A loan made against confirmed export contracts and repaid from the export proceeds when they arrive.
- Form NXP
- The export declaration an exporter completes through an authorised bank before shipment. It is how export proceeds are tracked back into the banking system.
- CCI
- The Clean Certificate of Inspection, issued by a pre-shipment inspection agent to confirm the quality, quantity and value of a consignment before it leaves Nigeria.
- Domiciliation
- An arrangement under which a borrower's sales or export proceeds are paid into an account with the lending bank, so that repayment is taken at source.
- Warehouse receipt
- A document issued by a licensed warehouse operator confirming that goods of a stated quality and quantity are held in store. It can be pledged as collateral.
- NIRSAL CRG
- The credit risk guarantee from the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending, which covers part of a lender's loss on qualifying agricultural loans.
- Single obligor limit
- The regulatory ceiling on a bank's total exposure to one borrower, set as a percentage of the bank's capital.