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 Donates N100m To Fight COVID-19      Development Bank of Nigeria Plc says it has donated N100m to COVID-19 fight. A statement said the bank is a development finance institution, established by the Federal Government in collaboration with global development partners to address the major financing challenges...

AfCFTA: Nigeria Can Generate $537bn Annually From Exports – DBN   Managing Director, Development Bank of Nigeria (DBN), Tony Okpanachi has projected that the soon-to-be-implemented Africa Continental Free Trade Area (AfCFTA) holds great economic development potential for Nigeria. Okpanachi believes that regional integration through trade would propel...

DBN Disburses N100bn As Loans To 95,000 MSMEs   Between January and October this year, the sum of N100bn was disbursed by the Development Bank of Nigeria as loans to 95,000 Micro, Small and Medium Enterprises. Out of this amount, N70bn, which is about 70 per cent,...

DBN Boss Becomes CIBN Fellow The Managing Director of the Development Bank of Nigeria, Mr Tony Okpanachi, has become a fellow of the Chartered Institute of Bankers of Nigeria. The investiture was held at the Federal Palace Hotel, Victoria Island, Lagos on Thursday, May 16, 2019. Okpanachi...

DBN Targets MSMEs With N70bn Loans In 2019   The Development Bank of Nigeria says it has set a target to disburse loans worth N70bn to Micro, Small and Medium Enterprises in 2019. The Managing Director, DBN, Mr Tony Okpanachi, said on Thursday that the bank, in...