The Development Bank of Nigeria (DBN) on Friday disclosed that it had disbursed about N700 billion to Small and Medium Enterprises’ (SMEs’) owners in the last seven years in furtherance of its mandate to support efforts by the government to grow the nation’s economy. The Managing Director of the development finance institution, DBN gave this […]
The Development Bank of Nigeria (DBN) has emerged as the highest-ranked public institution in Nigeria in the 2023 Transparency and Integrity Index (TII) released by the Center for Fiscal Transparency and Integrity Watch (CeFTIW). The index, which assessed 511 MDAs and public sector institutions on their level of transparency and accountability in government processes, was produced by […]
The Development Bank of Nigeria (DBN) has announced that it planned to disburse N150 billion to Micro Small and Medium Enterprises (MSMEs) in the country this year as part of its sustained efforts towards providing funding support for key sectors of the economy. The bank’s Chief Economist, Prof. Joseph Nnanna, who disclosed on Monday this […]
In furtherance of its capacity development training programmes for Micro, Small and Medium Enterprises (MSMEs) in Nigeria, the Development Bank of Nigeria (DBN) has organised a one-day training for over 1,000 small businesses across six states in the North-East and North-West zones of the country. The MSMEs were spread across Gombe, Maiduguri, Adamawa, Katsina, Sokoto […]
The Development Bank of Nigeria (DBN) has disclosed that it provided N631 billion as financing support to Primary Financial Institutions (PFIs) in the country over the past five years ended December 2022. The Managing Director of the development finance institution, Dr. Tony Okpanachi, who made this disclosure in Lagos while presenting the progress and achievements […]
The Minister of Women Affairs and Social Development, Dame Pauline Tallen, has described the current efforts by the Federal Government to promote digital transactions in the country as hurting rural women and the vulnerable groups based on the costs of e-transactions they bear on trading and other business activities. The Minister, who made this remark […]
The Federal Government has commended the board and management of Development Bank of Nigeria (DBN) for its sustained funding interventions in the real sector of the economy over the years and charged the development finance institution to focus more on Small and Medium Enterprises (SMEs) in view of the sub-sector’s criticality to the nation’s Gross […]
The Chief Executive Officer of the Development Bank of Nigeria Plc (DBN), Tony Okpanachi, on Tuesday disclosed that the development finance institution disbursed N400 billion to Small and Medium Enterprises (SMEs) in the country over the last four years. Okpanachi, who gave this hint during the virtual second Annual Lecture Series of the bank with […]
Nigeria’s leading development finance institution, Development Bank of Nigeria (DBN) has secured Agusto & Co. triple “A” rating, with a stable outlook on the institution even as its credit to borrowers rose to N215.1 billion. The Managing Director, Mr. Tony Opkanachi, who disclosed the loan portfolio figures in a statement on Tuesday, expressed the bank […]
The Development Bank of Nigeria on Tuesday disclosed that it has entered into partnership with LAPO Microfinance Bank to support 10,000 Micro, Small and Medium Enterprises (MSMEs) with low interest loans. The bank stated that the loan was part of various initiatives aimed at tackling the financial challenges facing MSMEs nationwide. The bank’s Managing Director, […]