Tag Archives: DBN

Lotus Bank Limited and Development Bank of Nigeria (DBN) have reiterated their commitment towards supporting key stakeholders in driving more resilient payment infrastructure in Nigeria.

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The Development Bank of Nigeria (DBN) in continuation of its capacity development training programmes for Micro, Small and Medium Enterprises (MSMEs) in Nigeria, has organised a one-day training for over 1,000 small businesses across six states in the North-East and North-West.

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The Managing Director/CEO Development Bank of Nigeria PLC, Mr. Tony Okpanachi recently while meeting with the press recently, said that in line with the bank's commitment, it has provided financing support to financial institutions to the tune of N631 billion as of December 2022, even as over 313,000 MSMEs have benefited from this support, leading to the creation of more than 900,000 jobs,

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Thousands of Nigerian Micro, Small, and Medium Businesses (MSMEs) are set to benefit from the free entrepreneurship program being offered by the Development Bank of Nigeria (DBN) Plc

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The Development Bank of Nigeria, DBN, says it has completed all arrangements to boost the Micro, Small, and Medium Enterprises, MSMEs, through a Capacity building exercise, which is one of its core mandates, as well as providing access to finance to MSMEs and partial credit guarantee to the participating financial institution on a market conforming basis to enable them to lend to small businesses.

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In a bid to expand the scope of access to credit especially on its platform, the Development Bank of Nigeria, DBN, would be setting up a subsidiary to undertake credit guarantees for participating financial institutions, PFIs. Meanwhile, the bank, in its first year of operations, exceeded its projected performance with a total loan disbursement of N31.36 billion to 35,000 Micro, …

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