DBN explains why banks classify MSMEs as high risk businesses
…Disburses N100bn to 95,000 SMEs across sectors The Managing Director, Development Bank of Nigeria (DBN), Mr. Tony Okpanachi, has given fresh insights on why many commercial banks and even finance houses decline loan requests from operators of Micro, Small and…
DBN Lecture series’ll deepen funding access to SMEs, grow sector performance
The Managing Director, Development Bank of Nigeria (DBN), Mr Tony Okpanachi, has given more insights on the multiplier effects of the planned lecture series for operators of Small and Medium Enterprises (SMEs) in Abuja. DBN is a wholesale Development Finance…
Empowering SMEs key to nation’s economic growth—GTBank boss, Agbaje
The Managing Director and Chief Executive Officer of Guaranty Trust Bank plc (GTB), Segun Agbaje, has argued that the best way to catalyse the ailing economy is to empower Micro, Small and Medium Scale Enterprises (MSMEs) in Nigeria. Speaking during…
AfDB, European Bank stake $70m in DBN to drive SMEs—Okpanachi
Less than one year of its takeoff, the Development Bank of Nigeria (DBN) has attracted cooperation and investments from two leading international finance organizations and partnerships of more commercial banks in Nigeria in the encouragement of Small and Medium Enterprises…
BoI may be heading on collusion course rallying DBN, other DFIs for N1 trillion
Since the sudden creation of the Development Bank of Nigeria (DBN) by the present administration, there are reasons to suspect that the Bank of Industry (BoI) had been disquiet in the performance of its duties, thus creating a scenario that…
If BoI is shopping for N1tn to assist SMEs, why is DBN established? —BH Analysis
Barely one month after the take off of Development Bank of Nigeria (DBN), indications have emerged that Bank of Industry (BoI) that had hitherto been dull in driving the growth of Small and Medium Enterprises (SMEs) has suddenly woken up….
BoI crashes interest rate of youths’ loans to zero percent to grow SMEs
Though the Minister of Finance has failed to streamline the role borders between all development banks following the recent takeoff of Development Bank of Nigeria (DBN), there are signals that Bank of Industry (BoI) is now raising its game in…
Inability of FG to harmonise roles of development banks’ causing confusion, leakages
Investigations by Business Hilights on the activities of three major development banks of the federal government have revealed strong possibilities of roles overlap, redundancy and leakages of funds for development into wrong hands. A report by the leading online publication…
