Central Bank of Nigeria, CBN

CBN Grants Licence For Development Bank of Nigeria

By Akin Akingbala on March 29, 2017 Business

The Central Bank of Nigeria has approved a licence for the creation of 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.

About Author

Akin Akingbala

Akin Akingbala is an international journalist based in Lagos, Nigeria. Aside being happily married, he has interests in music, sports and loves traveling.

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African Ripples Facts

Ali Daei Of Iran

Iranian Ali Daei’s tally 109 goals in 149 international football matches, makes him the only player to break the century mark at...

2018-06-17T10:27:37+00:00

Iranian Ali Daei’s tally 109 goals in 149 international football matches, makes him the only player to break the century mark at international level.

https://africanripples.com/testimonials/ali-daei-of-iran/

Africa’s Most Decorated Footballer

Samuel Eto’o Fils of Cameroon net worth is $73million. Won the African Player of the Year ward four times in...

2014-09-14T15:02:14+00:00

Samuel Eto’o Fils of Cameroon net worth is $73million. Won the African Player of the Year ward four times in 2003, 2004, 2005 and 2010. Three Champion League cup with Barcelona and Inter Milan and two Nations with Cameroon and an Olympic gold in football.

https://africanripples.com/testimonials/samuel-etoo-most-decorated-african-footballer/

‘Avatar’ (2009): The Highest Grossing Movie Of All Time

Leading the pack with box office earnings of $2.79 billion (2.27 billion euros) is "Avatar" by director James Cameron. Starring...

2018-04-04T14:54:44+00:00

Leading the pack with box office earnings of $2.79 billion (2.27 billion euros) is "Avatar" by director James Cameron. Starring Sam Worthington, Zoe Saldana and Sigourney Weaver, the epic sci-fi film is set in a 22nd-century mining colony on a moon called Pandora and portrays a conflict with the original inhabitants, the Na'vi. No film has grossed as much as Avatar

https://africanripples.com/testimonials/avatarthe-highest-grossing-movie-of-all-time/

Estimated Number of Exported African Slaves by Region

Bight of Biafra (30.1%), Gold Coast (18.4%), Angola and Mozambique (18.2%), Windward Coast (11.6%), Bight of Benin (11.3%), Senegambia (5.5%),...

2014-09-15T09:43:46+00:00

Bight of Biafra (30.1%), Gold Coast (18.4%), Angola and Mozambique (18.2%), Windward Coast (11.6%), Bight of Benin (11.3%), Senegambia (5.5%), Sierra Leone (4.3%), Other/Unknown (0.6%) - PBS

https://africanripples.com/testimonials/estimated-number-of-exported-african-slaves-by-region/

Ile-Ife

The Nigerian city of Ile-Ife was paved in 1000 AD on the orders of a female ruler with decorations that...

2015-01-27T01:42:11+00:00

The Nigerian city of Ile-Ife was paved in 1000 AD on the orders of a female ruler with decorations that originated in Ancient America. Naturally, no-one wants to explain how this took place approximately 500 years before the time of Christopher Columbus

https://africanripples.com/testimonials/ile-ife/

Ancient Ghana, 951 AD

Ibn Haukal, writing in 951 AD, informs us that the King of Ghana was “the richest king on the face...

2015-01-27T01:43:58+00:00

Ibn Haukal, writing in 951 AD, informs us that the King of Ghana was “the richest king on the face of the earth” whose pre-eminence was due to the quantity of gold nuggets that had been amassed by the himself and by his predecessors.

https://africanripples.com/testimonials/ancient-ghana-951-ad/

Kumbi Saleh – Ancient Ghana, 300 to 1240 AD

Kumbi Saleh, the capital of Ancient Ghana, flourished from 300 to 1240 AD. Located in modern day Mauritania, archaeological excavations...

2015-01-27T01:45:28+00:00

Kumbi Saleh, the capital of Ancient Ghana, flourished from 300 to 1240 AD. Located in modern day Mauritania, archaeological excavations have revealed houses, almost habitable today, for want of renovation and several storeys high.

https://africanripples.com/testimonials/kumbi-saleh-ancient-ghana-300-to-1240-ad/

West Africa’s Oldest Civilisation – Nok Civilisation

In central Nigeria, West Africa’s oldest civilisation, the ancient culture was called the Nok Civilisation, named after the village in...

2015-01-27T01:49:10+00:00

In central Nigeria, West Africa’s oldest civilisation, the ancient culture was called the Nok Civilisation, named after the village in which the early artefacts were discovered. the period of Nok art spans from 1000 BC until 300 BC”.

https://africanripples.com/testimonials/west-africas-oldest-civilisation-nok-civilisation/

Sudanese Pyramids

Sudan has more pyramids than any other country on earth – even more than Egypt. There are at least 223...

2015-01-27T01:50:27+00:00

Sudan has more pyramids than any other country on earth – even more than Egypt. There are at least 223 pyramids in the Sudanese cities of Al Kurru, Nuri, Gebel Barkal and Meroë. They are generally 20 to 30 metres high and steep sided.

https://africanripples.com/testimonials/sudanese-pyramids/

Great Pyramid of Giza, Egypt

The first Great Pyramid of Giza, the most extraordinary building in history, was a staggering 481 feet tall – the...

2015-01-27T01:54:51+00:00

The first Great Pyramid of Giza, the most extraordinary building in history, was a staggering 481 feet tall – the equivalent of a 40-storey building. It was made of 2.3 million blocks of limestone and granite, some weighing 100 tons.

https://africanripples.com/testimonials/great-pyramid-of-giza-egypt/

Electric Power Per Person

(World Bank) In 2009, South Africa utilizes the most electric power per person (4,532kW/h); Ethiopia utilizes the least (45 kW/h).

2015-01-27T01:56:29+00:00

(World Bank) In 2009, South Africa utilizes the most electric power per person (4,532kW/h); Ethiopia utilizes the least (45 kW/h).

https://africanripples.com/testimonials/electric-power-per-person/

Women Aged 15-24 In Labor Force

Tanzania has the highest proportion of women aged 15-24 in its labor force (81%); Mauritania had the lowest (22%) (World...

2015-01-27T01:58:12+00:00

Tanzania has the highest proportion of women aged 15-24 in its labor force (81%); Mauritania had the lowest (22%) (World Bank)

https://africanripples.com/testimonials/women-aged-15-24-in-labor-force/

Men Aged 15-24 In Labor Force

Equatorial Guinea has the highest proportion of men aged 15-24 in its labor force (88%); Gabon has the lowest (27%)...

2015-01-27T01:59:36+00:00

Equatorial Guinea has the highest proportion of men aged 15-24 in its labor force (88%); Gabon has the lowest (27%) (World Bank)

https://africanripples.com/testimonials/men-aged-15-24-in-labor-force/

Adult Literacy Rate

In 2009 Equatorial Guinea had the highest adult literacy rate (93%); Chad had the lowest (34%). (World Bank)

2015-01-27T02:01:00+00:00

In 2009 Equatorial Guinea had the highest adult literacy rate (93%); Chad had the lowest (34%). (World Bank)

https://africanripples.com/testimonials/adult-literacy-rate/

Wole Soyinka and Fela Kuti

Nobel Laureate, Prof. Wole Soyinka's mother and Afrobeat originator, Fela Kuti's mother (Funmilayo Kuti) were sisters.

2014-10-22T15:02:44+00:00

Nobel Laureate, Prof. Wole Soyinka's mother and Afrobeat originator, Fela Kuti's mother (Funmilayo Kuti) were sisters.

https://africanripples.com/testimonials/wole-soyinka-and-fela-kuti/

Women Literacy Rate

(World Bank) In 2009, Lesotho had 95% of women literate; compared to the lowest the figure of 23% for Chad....

2015-01-27T02:02:44+00:00

(World Bank) In 2009, Lesotho had 95% of women literate; compared to the lowest the figure of 23% for Chad. (World Bank)

https://africanripples.com/testimonials/women-literacy-rate/

Africa’s First Professor of Physiotherapy

Professor Vincent C. B. Nwuga was the first African Professor of Physiotherapy. Arinola Olasumbo Sanya was the first female Professor...

2014-10-22T15:04:09+00:00

Professor Vincent C. B. Nwuga was the first African Professor of Physiotherapy. Arinola Olasumbo Sanya was the first female Professor of Physiotherapy in Africa. She was appointed Professor in 2000.

https://africanripples.com/testimonials/africas-first-professor-of-physiotherapy/

Secondary Education Enrollment

Seychelles has the highest gross enrollment rate in secondary education (119%); Central African Republic has the lowest (13%). (World Bank)

2015-01-27T02:04:13+00:00

Seychelles has the highest gross enrollment rate in secondary education (119%); Central African Republic has the lowest (13%). (World Bank)

https://africanripples.com/testimonials/secondary-education-enrollment/

Capoeira

A distinctive Afro-Brazilian martial art that is more like dancing than fighting. Brought over by slaves from Angola, this form...

2014-09-17T02:43:26+00:00

A distinctive Afro-Brazilian martial art that is more like dancing than fighting. Brought over by slaves from Angola, this form of foot-fighting was banned by slave owners. In order to disguise this practice, slaves transformed foot-fighting into a rhythmic gymnastics dance form.

https://africanripples.com/testimonials/capoeira/

Emmanuel Ifeajuna

Emmanuel Ifeajuna was the first Black African to win a gold medal in an international sports event. He won it...

2014-10-22T15:05:47+00:00

Emmanuel Ifeajuna was the first Black African to win a gold medal in an international sports event. He won it at the 1954 Commonwealth Games

https://africanripples.com/testimonials/emmanuel-ifeajuna/

Connection Charge For a Business Phone

The highest connection charge for a business phone is $355 in Benin; the lowest is in Mozambique at $14. Benin...

2015-01-27T02:05:44+00:00

The highest connection charge for a business phone is $355 in Benin; the lowest is in Mozambique at $14. Benin had the highest connection charge ($195) for a residential phone. (World Bank)

https://africanripples.com/testimonials/connection-charge-for-a-business-phone/

Didier Drogba

Cote d'Ivoire's Didier Drogba was the first African Footballer to score 100 goals in the English Premier League.

2014-10-22T15:06:42+00:00

Cote d'Ivoire's Didier Drogba was the first African Footballer to score 100 goals in the English Premier League.

https://africanripples.com/testimonials/didier-drogba/

Women in Parliament

Rwanda has the highest number of women in national parliament with 56% of total seats. Comoros has the lowest with...

2015-01-27T02:07:00+00:00

Rwanda has the highest number of women in national parliament with 56% of total seats. Comoros has the lowest with 3%. (MDG 3

https://africanripples.com/testimonials/women-in-parliament/

McDonalds In Africa

McDonalds operates in only 4 African countries: South Africa, Mauritius, Morocco and Egypt

2014-10-22T15:08:22+00:00

McDonalds operates in only 4 African countries: South Africa, Mauritius, Morocco and Egypt

https://africanripples.com/testimonials/mcdonalds-in-africa/

Infant Mortality

In Sierra Leone 114 out of 1,000 children die before the age of one; in Seychelles the rate is 12...

2015-01-27T02:08:19+00:00

In Sierra Leone 114 out of 1,000 children die before the age of one; in Seychelles the rate is 12 per 1,000. (MDG 4)

https://africanripples.com/testimonials/infant-mortality/

Percentage of Forest Area

Seychelles had the highest percentage of forest area with 89%, whilst Mauritania had the lowest at less than 0.2%. (MDG...

2015-01-27T02:09:16+00:00

Seychelles had the highest percentage of forest area with 89%, whilst Mauritania had the lowest at less than 0.2%. (MDG 7)

https://africanripples.com/testimonials/percentage-of-forest-area/

Carbon Dioxide Emissions

In 2008, South Africa had the highest carbon dioxide emissions per capita of 8.9 metric tons, whilst Burundi had the...

2015-01-27T02:10:22+00:00

In 2008, South Africa had the highest carbon dioxide emissions per capita of 8.9 metric tons, whilst Burundi had the lowest of 0.02 metric tons. (MDG 7)

https://africanripples.com/testimonials/carbon-dioxide-emissions/

Dr. Barbara Ross-Lee

Famed singer Diana Ross’s sister, Dr. Barbara Ross-Lee was the first woman of African descent to be appointed dean of...

2014-12-23T06:44:44+00:00

Famed singer Diana Ross’s sister, Dr. Barbara Ross-Lee was the first woman of African descent to be appointed dean of Ohio state’s prominent, internationally renown medical school

https://africanripples.com/testimonials/dr-barbara-ross-lee/

Internet Usage per Person

In Democratic Republic of Congo, Ethiopia, Guinea, and Niger 1 persons per 100 are internet users; there are 41 in...

2015-01-27T02:11:44+00:00

In Democratic Republic of Congo, Ethiopia, Guinea, and Niger 1 persons per 100 are internet users; there are 41 in every 100 people in Seychelles. (MDG 8).

https://africanripples.com/testimonials/internet-usage-per-person/

The Sudan

The Sudans (Sudan and South Sudan) derived its name from the Arabic word "Bilad al-Sudan" meaning land of the blacks

2014-10-14T02:54:34+00:00

The Sudans (Sudan and South Sudan) derived its name from the Arabic word "Bilad al-Sudan" meaning land of the blacks

https://africanripples.com/testimonials/the-sudan/

Abortion in Africa

South Africa has the highest number of legal abortions in Africa with 86,000 reported legal abortions in 2013, excluding unreported...

2014-10-14T02:57:53+00:00

South Africa has the highest number of legal abortions in Africa with 86,000 reported legal abortions in 2013, excluding unreported cases.

https://africanripples.com/testimonials/abortion-in-africa/

Victor Uwaifo

Sir Victor Uwaifo was the first African Artiste to have a record certified gold. The record is named "Joromi".

2014-10-14T02:59:26+00:00

Sir Victor Uwaifo was the first African Artiste to have a record certified gold. The record is named "Joromi".

https://africanripples.com/testimonials/victor-uwaifo/

Somalian Christianity

Somalia has the lowest population of Christians in Africa with around 1,000 out of a population of 8 million.

2014-10-14T03:01:23+00:00

Somalia has the lowest population of Christians in Africa with around 1,000 out of a population of 8 million.

https://africanripples.com/testimonials/somalian-christianity/

Homeboy

The word "homeboy" was created in the 1800's by African Americans to refer to each other as people from "back...

2014-10-14T03:03:47+00:00

The word "homeboy" was created in the 1800's by African Americans to refer to each other as people from "back home" (Africa).

https://africanripples.com/testimonials/homeboy/

Umaru Musa Yar’Adua

Nigeria’s former president, the late Umaru Musa Yar'Adua had 3 Daughters who got married to Governors in Bauchi, Kebbi and...

2014-10-14T03:06:52+00:00

Nigeria’s former president, the late Umaru Musa Yar'Adua had 3 Daughters who got married to Governors in Bauchi, Kebbi and Katsina State.

https://africanripples.com/testimonials/umaru-musa-yaradua/

Most Populated African Countries

1. Nigeria (174 m) 2. Ethiopia (93.9 m) 3. Egypt (80.72 m) 4. DR Congo (65.71 m) 5. South Africa...

2014-10-14T03:12:56+00:00

1. Nigeria (174 m) 2. Ethiopia (93.9 m) 3. Egypt (80.72 m) 4. DR Congo (65.71 m) 5. South Africa (51.19 m)

https://africanripples.com/testimonials/most-populated-african-countries/

Peter Ndlovu

The first African Footballer to play in the English Premier League was Peter Ndlovu from Zimbabwe. He played for Coventry...

2014-10-14T03:14:57+00:00

The first African Footballer to play in the English Premier League was Peter Ndlovu from Zimbabwe. He played for Coventry City in 1992.

https://africanripples.com/testimonials/peter-ndlovu/

Nobel Peace Prize

95 Nobel Peace Prizes have been awarded between 1901 and 2014. 16 women have been awarded the prize including Malala...

2014-12-10T16:46:08+00:00

95 Nobel Peace Prizes have been awarded between 1901 and 2014. 16 women have been awarded the prize including Malala Yousafzai Malala at 17 is the youngest laureate ever. 62 is the average age of laureates when they were awarded the Prize.

https://africanripples.com/testimonials/nobel-peace-prize-facts/

Martin Luther King Jr.

"If you can't fly then run, if you can't run then walk, if you can't walk then crawl, but whatever...

2014-09-24T18:15:08+00:00

"If you can't fly then run, if you can't run then walk, if you can't walk then crawl, but whatever you do you have to keep moving forward."

https://africanripples.com/testimonials/martin-luther-king-jr/

Goal.com Rich List 2015

Goal Rich List 2015 – Top 20 1. Cristiano Ronaldo (Real Madrid) - €210m 2. Lionel Messi (Barcelona) - €200m...

2015-03-07T07:20:20+00:00

Goal Rich List 2015 – Top 20 1. Cristiano Ronaldo (Real Madrid) - €210m 2. Lionel Messi (Barcelona) - €200m 3. The Neymar family (Barcelona) - €135m 4. Zlatan Ibrahimovic (PSG) - €105m 5. Wayne Rooney (Manchester United) - €103m 6. Kaka (Orlando City) - €96m 7. Samuel Eto’o (Sampdoria) - €87m 8. Raul (New York Cosmos) - €85m 9. Ronaldinho (Queretaro) - €83m 10. Frank Lampard (Manchester City) - €80m 11. Bastian Schweinsteiger (Bayern) - €75m 12. Rio Ferdinand (QPR) - €72m 13. Gigi Buffon (Juventus) - €68m 14. Steven Gerrard (Liverpool) - €64m 15. Yaya Toure (Manchester City) - €62m 16. Franck Ribery (Bayern) - €61m 17. Francesco Totti (Roma) - €60m 18. Gerard Pique (Barcelona) - €58m 19. Sergio Aguero (Manchester City) - €58m 20. John Terry (Chelsea) - €56m

https://africanripples.com/testimonials/goal-com-rich-list-2015/

Men and Women

Tanzania has the highest proportion of women aged 15-24 in its labor force (81%); Mauritania had the lowest (22%): Equatorial...

2014-09-10T06:13:49+00:00

Tanzania has the highest proportion of women aged 15-24 in its labor force (81%); Mauritania had the lowest (22%): Equatorial Guinea has the highest proportion of men aged 15-24 in its labor force (88%); Gabon has the lowest (27%) - World Bank

https://africanripples.com/testimonials/men-and-women/

Professor Austine Esogbue

Hailed from Ibusa, in Delta State Nigeria, was the First African To Obtain Ph.D In Industry/System Engineering, the only African...

2016-04-04T03:33:09+00:00

Hailed from Ibusa, in Delta State Nigeria, was the First African To Obtain Ph.D In Industry/System Engineering, the only African to have served on the board of the National Aeronautics and Space Administration (NASA)

https://africanripples.com/testimonials/professor-austine-esogbue/

Africa’s Top Six Least Corrupt Countries, 2015

Perceived levels of public sector corruption in African countries/territories: 1 Botswana, 2 Rwanda, 3 Mauritius, 4 Namibia, 5 Ghana, 6...

2016-04-04T04:06:14+00:00

Perceived levels of public sector corruption in African countries/territories: 1 Botswana, 2 Rwanda, 3 Mauritius, 4 Namibia, 5 Ghana, 6 Senegal

https://africanripples.com/testimonials/africas-top-six-least-corrupt-countries-2015/

Africa’s Top Six Most Corrupt Countries, 2015

Perceived levels of public sector corruption in African countries/territories: 1 Somalia, 2 Sudan, 3 South Sudan, 4 Angola, 5 Libya,...

2016-04-04T04:10:48+00:00

Perceived levels of public sector corruption in African countries/territories: 1 Somalia, 2 Sudan, 3 South Sudan, 4 Angola, 5 Libya, 6 Guinea-Bissau

https://africanripples.com/testimonials/africas-top-six-most-corrupt-countries-2015/

Oprah Winfrey

Born in Mississippi in 1954, Media Magnate Oprah Winfrey’s intended name was Orpah. The name was misspelled on her birth...

2014-09-25T18:51:03+00:00

Born in Mississippi in 1954, Media Magnate Oprah Winfrey’s intended name was Orpah. The name was misspelled on her birth certificate. The intended name Orpah was the name of the sister-in-law of the Biblical Ruth.

https://africanripples.com/testimonials/oprah-winfrey/
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