As part of a global initiative on climate change and environmental sustainability, the Development Bank of Nigeria (DBN) Plc, Financial Centre for Sustainability Lagos (FC4S Lagos) and Nigeria Climate Innovation Center (NCIC) have signed Memorandum of Understanding (MoU) to fund green projects in Nigeria. The MoU signing event, which took place at the DBN head […]
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, […]
The African Development Bank (AfDB) and European Investment Bank (EIB) have agreed to support the creation of the new Development Bank of Nigeria (DBN) to strengthen lending for business and agriculture investment in the country. Already, the African Development Bank has promised a US $50-million equity participation in the DBN while European Investment Bank has […]