‎The Development Bank of Nigeria (DBN) has crossed the N1 trillion mark in financing Micro, Small and Medium Enterprises (MSMEs), underscoring its growing role in expanding access to credit and supporting economic inclusion across the country.
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‎More than 132,000 Micro, Small and Medium Enterprises (MSMEs) operating in Borno, Adamawa, Katsina, Yobe and Zamfara States have accessed over N108 billion in financing from the Development Bank of Nigeria (DBN), highlighting the institution’s growing role in supporting businesses in economically disadvantaged regions.
CBN Releases Fourth Edition of FX Manual to Stabilise Market
The Central Bank of Nigeria (CBN) has released the fourth edition of its Foreign Exchange Manual, aiming to stabilise the FX market through clearer rules, transparency, and stronger compliance.
CBN Governor Olayemi Cardoso said: “Foreign exchange...
The African Development Bank (AfDB) has revealed that Nigerian banks lend only 9.4% of GDP to the private sector, underscoring the limited role of financial institutions in driving business growth and economic development.
The Dangote Petroleum Refinery has accused the Federal Government and the Nigerian National Petroleum Company Limited (NNPC) of deliberately sabotaging its operations by failing to supply adequate crude oil, an allegation both the government and NNPC strongly denied.
