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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)