‎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.
The African Development Bank (AfDB) has approved a $61 million financing package for the Development Bank of Nigeria (DBN) to expand credit access for women-owned businesses, especially in agriculture.
DBN Disburses Over N1trn to MSMEs
The Development Bank of Nigeria Plc (DBN) has announced that it has disbursed over N1tn to Micro, Small and Medium Enterprises (MSMEs) through 79 participating financial institutions across the country.
The disclosure was made at a media parley with the...
CBN: Bank deposits Hit N16.89tn In Three Months
The Central Bank of Nigeria data report has revealed that banks' demand deposits rose by N1.1tn in three months to N16.89tn as of the end of March.
According to the CBN, the figure rose from 15 trillion naira...
