JAMB - Economics (2020 - No. 5)
The Nigerian bank for commerce and industry is?
a commercial bank
a development bank
an industrial bank
a merchant bank
הֶסבֵּר
Development banks are specialized banks that provide medium and long-term finance to the industrial and agricultural sectors. The Nigerian bank for commerce and industry is an example of a development bank. It provides loans and finances for entities involved in the industrial and agricultural sectors.