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The Nigerian bank for commerce and industry is

...

The Nigerian bank for commerce and industry is

A.

A commercial bank

B.

A development bank

C.

An industrial bank

D.

A merchant bank

Correct answer is B

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.