DBN boosts MSMEs’ with N100 billion facility
• 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…
Development Bank to partner Borno on MSMEs’ development
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.
‘Risk assessment is determined by lender’
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,…
Single-digit lending alone can’t make MSMEs’ products competitive, says DBN
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…
‘Why banks can’t lend on single-digit to SMEs’
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.
Development Bank of Nigeria opens Lagos office
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.
Ecobank assures of innovative e-payment channels
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.
Ecobank, AMfB to boost $20.8b remittances, increase financial inclusion
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.