DBN Raises N23bn To Support MSME   The Development Bank of Nigeria (DBN) has raised N23 billion in the first tranche of its N100 billion bond issuance programme to consolidate its support to micro, small and medium-scale enterprises (MSME). The instrument that will be due in 2028...

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...

MSMEs Battle For Survival As Cash Crunch Worsens   Micro, Small and Medium Enterprises (MSMEs) are contending with a barrage of constraints now worsened by the cash crunch nationwide, as analysts predict further decline in Nigeria’s economy. The furore and civil unrest that have trailed the new...

Impact Of Cashless Policy On MSMEs, Rural Businesses In 2012, the Central Bank of Nigeria (CBN) embarked on the journey to operating a cashless economy and it kindled hopes that the country was willing to play in the global financial ecosystem where digitisation is the...

MSMEs, Backbone Of Nigeria’s Economy - UNIDO The United Nations Industrial Development Organisation (UNIDO) has said that Micro Small and Medium Enterprises account for 96 per cent of all business activities in Nigeria. Mr Jean Bakole, UNIDO Regional Director and Representative to ECOWAS said this at...