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JAMB Commerce 2003 Question 34

Question 34

Banking

The ECOBANK is the initiative of

  1. A.some well-meaning Nigerian shareholders
  2. B.the Federal Government of Nigeria
  3. C.West African states to foster trade
  4. D.the Lagos State Government to enhance capital mobilization.
Show the answer and explanation

Answer: C (West African states to foster trade)

Explanation

Ecobank (Ecobank Transnational) was set up with the backing of ECOWAS to promote trade and banking across West Africa.