In a monumental move that promises to reshape the Nigerian tech and export landscape, the Development Bank of Nigeria (DBN) has announced a major investment in Niteon, Nigeria’s third-largest digital export startup. Known for its support of local startups and industries, DBN is stepping into the tech arena with an investment that underscores its commitment to fostering innovation and growth in key national sectors. This decision positions Niteon at the forefront of Nigeria’s digital trade revolution.
DBN’s investment is part of a larger initiative to support tech startups that are transforming the economic fabric of Nigeria. As one of the biggest national development banks in the country, DBN’s focus has always been on financing Nigeria’s next generation of industry leaders. Over the past year, the bank has had its sights on over 20 Nigerian startups, narrowing down to four standout companies, with Niteon leading the pack.
Founded by tech visionaries Tony Nwose and Daniel Chukwuemelie, Niteon has quickly risen through the ranks to become a powerhouse in the digital export space. The company’s platform goes far beyond a typical marketplace—it integrates supply chain management solutions and an embedded neobank finance system, making it a one-stop solution for businesses looking to export goods and services globally. This unique approach has not only set Niteon apart from its competitors but has also positioned it as a vital player in the ongoing digital transformation of African trade.
Niteon’s cutting-edge technology enables Nigerian businesses to reach global markets with unprecedented ease and efficiency, creating opportunities for local companies to expand their reach beyond traditional borders. By simplifying the complexities of export logistics, finance, and supply chain management, Niteon is providing Nigerian exporters with the tools they need to succeed in the global marketplace.
DBN’s investment goes beyond mere financial backing. The partnership opens doors for Niteon by providing access to invaluable resources, industry linkages, and exclusive data, fueling the startup’s growth trajectory. This strategic partnership has already begun to attract attention from other investors, both African and international, eager to tap into the growing African export market. With DBN’s vote of confidence, Niteon is not just set to dominate the Nigerian market—it is poised to expand across Africa and beyond, leading a new wave of digital exports from the continent.
This partnership between DBN and Niteon is a game-changer, both for the startup and for the wider tech and export ecosystem in Nigeria. As DBN continues to champion innovative solutions and support national treasures, Niteon is proving that it has what it takes to lead Nigeria—and Africa—into the future of global digital trade.
