Tag Archives: Development Bank

The Development Bank of Nigeria (DBN) on Monday October 30, 2017 officially commenced lending to Participating Financial Institutions (PFIs) for on-lending to Micro, Small and Medium Enterprises (MSMEs). At the exercise in Abuja, the bank disbursed N5 billion to three micro finance banks, LAPO Microfinance Bank, Fortis Microfinance Bank and NPF Microfinance Bank in varying proportions for on-lending to end …

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The Enugu Chamber of Commerce, Industry, Mines and Agriculture (ECCIMA) says the newly-established  Development Bank of Nigeria will boost the real sector of Nigerian economy through long term funding. The President of ECCIMA, Rev. Ugochukwu Chime, made the statement while speaking with the News Agency of Nigeria (NAN) at the ongoing 2017 Enugu International Trade Fair. NAN reports  that aside …

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