Devt Bank Loaned MSMEs N149bn in 2022 – Report The Development Bank of Nigeria report has revealed that about 105,000 micro, small, and medium-scale enterprises borrowed N149.6bn in 2022. This was disclosed in the Annual Integrated and Statutory Report 2022 released during the bank’s Annual General...

DBN Disbursed N631bn To 313,000 MSMEs    The Development Bank of Nigeria (DBN) has disbursed more than N631 billion to slightly over 313,000 MSMEs across the country, from N482 billion to more than 208,000 MSMEs at the end of the previous year. The Managing Director/ Chief Executive...

FG Approves N30trn Govt Assets for Investment, Restructuring of MOFI The President, Major General Muhammadu Buhari (retd.) has approved the process of restructuring the Ministry of Finance Incorporated (MOFI), the federal government’s investment vehicle, as part of overall measures to boost government revenue and revive...

In Five Years, DBN Disbursed N334bn To MSMEs   The Managing Director/Chief Executive, Development Bank of Nigeria (DBN), Dr. Tony Okpanachi, has said the bank disbursed N334 billion to 135,000 Micro Small and Medium Enterprises (MSMEs) between 2017 and 2020 which was its last audited financial...

In Eight Years, DBN Disbursed N482bn To MSMEs The Development Bank of Nigeria (DBN) has disbursed N482 billion to Micro Small and Medium Enterprises (MSMEs) through the participating financial institutions. Its Managing Director, Mr. Tony Okpanachi, made this known at the end of the bank’s 2021...

DBN Disburses N150bn To MSMEs In Three Years       The Development Bank of Nigeria (DBN) has disbursed over N150 billion since it commenced operations in 2017, the Federal Government has disclosed. The disbursement was done through 27 participating financial institutions, for onward lending to MSMEs across the...