Development Bank of Nigeria Plc has witnessed a surge in the volume of loans disbursed by 89% from N101.5bn in 2019 to N191.7bn in 2020. This growth is in line with its core mandate of facilitating sustainable socio-economic development by improving financial access for MSMEs in Nigeria, according to the Managing Director and Chief Executive…
12 Nov 2019
• Restrategises for regional operations The Development Bank of Nigeria (DBN), has disbursed over N100 billion to some 95,000 businesses since it began operations in 2017, its Managing Director and Chief Executive Officer, Tony Okpanachi, has disclosed.Speaking at the weekend in Maiduguri, Borno State, he also disclosed that the Bank was devising new disbursement strategies…
30 Oct 2019
Development Bank of Nigeria (DBN), has said it will work with Borno Renaissance Micro Finance Bank, to explore wholesale lending to Micro, Small and Medium Enterprises (MSMEs) in the state.
28 May 2019
The Managing Director of the Development Bank of Nigeria, Tony Okpanachi, has become a fellow of the Chartered Institute of Bankers of Nigeria (CIBN).
22 Feb 2019
At an interaction with select journalists in Lagos, the Managing Direcetor/Chief Executive, Development Bank of Nigeria (DBN), Tony Okpanachi, reiterated the need for the development finance institution in a scarce liquidity environment and the challenges of accessing funds at low interest rate amid other economic issues. Clara Nwachukwu was there. Excerpts: DBN interventions across sectors,…
25 Jan 2019
Development Bank of Nigeria (DBN), has again said the inability to on-lend to Micro, Small and Medium Enterprises (MSMEs) at a single digit as being clamoured is not solely responsible for their lack of competitiveness in the market. DBN, the latest development finance institution (DFI) set up in 2017, as wholesale lender, insisted that pricing…
24 Oct 2018
Development Bank of Nigeria (DBN) has joined the SME Finance Forum, which is a global membership network.The forum brings together financial institutions, technology companies, and development finance institutions to share knowledge...
21 Aug 2018
Despite efforts by financial services regulators to make funds available for small business at single-digit interest rates, banks have said this may not be possible until such facilities are made available to them by the promoters at such low rates.
25 Jun 2018
The Development Bank of Nigeria (DBN) has opened its Lagos office, located on Idejo Street in Victoria Island, to service Participating Financial Institutions (PFIs) domiciled in the commercial city of the country.
21 Feb 2018
The Development Bank of Nigeria (DBN) has unveiled a nationwide strategic plan for on-lending facility to millions of Medium, Small and Micro Enterprises (MSMEs) across the country.
20 Mar 2017
Ecobank Nigeria has said the introduction of various innovative electronic payment (e-payment) platforms by the bank is in line with its deliberate policy to provide seamless and innovative services to customers and banking public.
9 Mar 2017
This was disclosed on Monday, at the announcement of the pact by Deputy Managing Director, Ecobank, Tony Okpanachi, which saw Ecobank extend Western Union money transfer to the microfinance bank.