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Devt Bank Expends N5bn To 3 Micro Finance Banks

The Development Bank of Nigeria (DBN) has commenced lending to eligible Participating Financial Institutions (PFIs) for on-lending to Micro, Small and Medium Enterprises (MSMEs). At the commencement of the exercise yesterday in Abuja, the DBN disbursed N5bn to three micro finance banks. These PFIs are...

FG Unveils Management and Board Members of DBN

The Federal Ministry of Finance has announced details of members of the board and management of the newly licensed Development Bank of Nigeria (DBN). The Management team is led by Mr. Tony Okpanachi, a banker and erstwhile Deputy Managing Director/Deputy CEO, Ecobank Nigeria Limited. Before his appointment...