Reuters logo
Nigeria central bank approves licence for development bank -finance ministry
March 29, 2017 / 5:15 PM / 6 months ago

Nigeria central bank approves licence for development bank -finance ministry

ABUJA, March 29 (Reuters) - Nigeria’s central bank has approved a licence for the Development Bank of Nigeria, the finance ministry said on Wednesday.

The bank aims to support small-scale businesses as the country contends with its first recession in 25 years. It has a commitment from the World Bank for $1.3 billion in seed money. (Reporting by Felix Onuah; Writing by Alexis Akwagyiram; Editing by Andrew Roche)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below