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Concerns over interest rates, capacity, as DBN kicks off with N398.45b

With about 70,000 micro, small and medium enterprises seeking various forms of financial intervention to take their businesses to the next level, there are concerns about the ability of the Development Bank of Nigeria (DBN) to meet such demands with its $1.3 billion (N398.45...
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FG extends 2016 capital budget implementation to May 5

The Federal Government on Thursday extended the implementation of the capital component of the 2016 budget from March 31 to May 5, or till the passage of the 2017 budget, whichever is earliest. The Ministry of Finance said in a statement that already, the Accountant-General...
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CBN Approves Licence for DBN

The Central bank of Nigeria has approved the grant of a Wholesale Development Finance Institution Licence with national authorization to the Development Bank of Nigeria (DBN) Plc, the Minister of Finance, Mrs. Kemi Adeosun has confirmed. The approval was conveyed in a letter addressed to...
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Development Bank Takes-off With Access to $1.3bn

The Federal Ministry of Finance has confirmed the completion of the recruitment exercise for the Executive Management team of the Development Bank of Nigeria (DBN), and has formally applied for the issuance of its operational license from the Central Bank of Nigeria (CBN), which...
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