The newly licensed Development Bank of Nigeria will finance about 20,000 Micro, Small and Medium-scale Enterprises in the first year of its operations. The Managing Director, DBN, Mr. Tony Okpanachi, stated this on Friday during a media briefing where some members of the management team were unveiled by the Minister of Finance, Mrs. Kemi Adeosun. […]
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Development Bank of Nigeria Plc (DBN) light brightened yesterday as the Central Bank of Nigeria (CBN) approved the grant of a Wholesale Development Finance Institution Licence with national authorisation to the wholesale bank. The Minister of Finance, Mrs. Kemi Adeosun, who disclosed this in Abuja said the approval was conveyed in a letter addressed to […]
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The Federal Government plans to inaugurate the Development Bank of Nigeria by January next year to support smaller-scale businesses. The Minister of Finance, Mrs. Kemi Adeosun, said on Monday, as the country seeks a way out of its worst economic crisis in decades, according to Reuters. The DBN has secured commitment from the World Bank for […]
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President Muhammadu Buhari on Friday declared that a new bank, Development Bank of Nigeria(DBN) would soon begin operations to strengthen the government’s economic diversification programme. Addressing the German-Nigeria Business Forum in Berlin, President Buhari said the bank, when fully operational, will support small and medium enterprises in the country, by improving their access to financing. […]
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