30 results
- 19 Apr 2018
EIB, AfDB to invest US$70m in Development Bank of Nigeria
The European Investment Bank and the African Development Bank have agreed to support the creation of the new Development Bank of Nigeria to strengthen lending for business and agriculture investment…
- 26 Sept 2022
Development Bank of Nigeria to Hold its 3rd Annual Lecture Series
Development Bank of Nigeria Plc, Nigeria’s first wholesale development finance institution is set to hold its 3rd annual lecture series, a thought leadership initiative that provides a platform for a…
- 13 Jan 2017
FG Applies for Banking Licence for DBN
Federal government has formally applied for operational license for Development Bank of Nigeria (DBN) from the Central Bank of Nigeria (CBN). A statement from the Federal Ministry of Finance…
- 6 Apr 2017
FG Approves $1.3Bn Take-off Grant for Development Bank of Nigeria
The Federal Executive Council has approved a 1.3 billion dollars loan credit facility for the commencement of the Development Bank of Nigeria. The approval came on the heels of a memo submitted by…
- 30 Mar 2017
CBN Grants National License to DBN
The Central bank of Nigeria (CBN) has granted a national license as a Wholesale Development Finance Institution to the Development Bank of Nigeria (DBN) Plc. As a wholesale bank, the DBN will lend…
- 26 Jun 2026
Fidelity Bank Wins DBN Award for Expanding First-Time Credit Access to MSMEs
Fidelity Bank Plc has won the Development Bank of Nigeria (DBN) Service Ambassadors Award for recording the highest impact in expanding access to formal credit for first-time Micro, Small and Medium…
- 8 May 2026
AfDB Approves $61m Package to Boost Women-led Businesses in Nigeria
The Board of Directors of the African Development Bank Group (AfDB) approved a $61 million financing package for the Development Bank of Nigeria (DBN) to expand access to affordable credit for…
- 1 May 2025
DBN to Invest $2.5m in Proposed Youth Entrepreneurship Investment Bank
The Development Bank of Nigeria (DBN) has received shareholders’ approval to invest $2.5 million or 25% equity stake in the proposed Youth Entrepreneurship Investment Bank (YIB) — a new investment…
- 1 Mar 2017
DBN will Catalyse SMEs’ Growth, Adeosun
Mrs. Kemi Adeosun, minister of Finance, has stated that the Development Bank of Nigeria (DBN) is being positioned to galvanise the Small and Medium Scale Enterprises (SMEs) sector for the overall…
- 28 May 2019
DBN, GTB to Disburse N25bn Entrepreneurs Fund
Guaranty Trust Bank plc, is collaborating with the Development Bank of Nigeria (DBN) to disburse N25 billion funding to entrepreneurs in Nigeria’s Micro, Small and Medium Enterprises (MSMES) sector.…
- 27 Jul 2023
DLM Capital Group Acts as Lead Issuing House, Financial Adviser for DBN Debut Bond Issuance
For the Development Bank of Nigeria's first bond issue, Prominent development investment banking institution, DLM Capital served as both the principal issuing house and the financial consultant.…
- 27 May 2025
Fidelity Bank Plc Wins 2025 DBN Innovation Award for MSME Support
In recognition of its exceptional contributions to innovative financial solutions for Micro, Small, and Medium Enterprises (MSMEs), Fidelity Bank Plc has been awarded the 2025 Development Bank of…
- 2 Aug 2021
Agusto & Co Assigns ‘AAA’ Rating, Stable Outlook on DBN
Agusto & Co., a credit rating agency assigns an “AAA” rating on the Development Bank of Nigeria Plc, DBN, the highest rating possible on any institution. In summarizing the rating, which…
- 2 Oct 2024
DBN, Grand Africa Initiative Partner to Empower 350 Nigerian Women Entrepreneurs
Development Bank of Nigeria (DBN) and the Grand Africa Initiative (GAIN) have announced the launch of the third edition of the GAIN Entrepreneurship Masterclass for Women in Nigeria. This…
- 18 Dec 2025
World Bank to Approve $500m Loan for Nigeria Today
The World Bank is set to approve a $500m loan to Nigeria on Friday (today) as part of efforts to expand access to finance for micro, small and medium enterprises across the country, according to…
- 21 Oct 2024
AfDB to Support Youth and Women-led MSMEs in Nigeria with $100m Loan
The African Development Bank has approved a $100 million loan to increase access to finance for youth and women-led small and medium enterprises, under the Nigeria Youth Entrepreneurship Investment…
- 21 Feb 2025
Accion MfB Partners DBN to Promote Women-inclusive Financial Services
Accion Microfinance Bank has partnered with the Development Bank of Nigeria (DBN) to promote accessible and innovative financial solutions, with a special focus on empowering women entrepreneurs.…
- 12 May 2020
DBN Urges MSMEs to Reinvent Business Model for Sustainability
In the light of prevalent economic realities of COVID-19 on businesses across the globe, Development Bank of Nigeria Plc (DBN) has advised Micro Small and Medium Enterprises in the country to…
- 29 Nov 2024
DBN Bags Financial Inclusion Award for Dedication to MSMEs
The Development Bank of Nigeria (DBN) has been honoured with the Financial Inclusion Leadership Award for its dedication to empowering Nigerian Micro, Small and Medium Enterprises (MSMEs) through…
- 20 Jun 2025
DBN Awards N13m in Grants to Tech Startups
Development Bank of Nigeria (DBN) has awarded a total of N13 million in grants to three standout tech startups at the 2025 Techpreneur Summit held in Lagos, reinforcing its commitment to innovation…
- 12 Oct 2023
Again, DBN Emerges Highest-Ranked Public Institution in the 2023 Transparency and Integrity Index
Development Bank of Nigeria (DBN) has again emerged as the highest-ranked public institution in Nigeria in the 2023 Transparency and Integrity Index (TII) recently released by the Center for Fiscal…
- 9 Nov 2025
FG Seeks Fresh $500m World Bank Loan for MSMEs
Federal government is seeking a fresh $500m loan from the World Bank to expand access to finance for micro, small, and medium enterprises (MSMEs) across the country. The proposed facility, titled…
- 17 Jan 2020
Ecobank Partners NIRSAL, USAID, Others on Loans to Nigerian Farmers
Ecobank Nigeria Ltd is partnering with the Nigeria Incentive-based Risk-Sharing System for Agricultural Lending (NIRSAL), United States Agency for International Development (USAID), Development Bank…
- 17 Jan 2020
Ecobank partners NIRSAL, USAID, others on loans to Nigerian farmers
Ecobank Nigeria Ltd is partnering with the Nigeria Incentive-based Risk-Sharing System for Agricultural Lending (NIRSAL), United States Agency for International Development (USAID), Development Bank…
- 5 Sept 2024
World Bank says 40% Nigerian MSMEs are Owned by Women
A report by the World Bank has established that 40 per cent of Micro, Small and Medium Enterprises (MSMEs) in Nigeria are owned by women, with most of the businesses growing at a remarkable rate. In…
- 5 Jul 2023
GAIN Partners DBN to Train 200 Young Nigerian Women on Entrepreneurship
Grand Africa Initiative-GAIN and the Development Bank of Nigeria Plc (DBN) have announced the second edition of their collaboration to train two hundred young Nigerian Women in an entrepreneurship…
- 9 Sept 2022
DBN Offers Free Entrepreneurship Training Program for MSME
Thousands of Nigerian Micro, Small, and Medium Businesses (MSMEs) are set to benefit from the free entrepreneurship program being offered by the Development Bank of Nigeria (DBN) Plc. The free…
- 31 Aug 2021
DBN Disburses N400bn to MSMEs
The Development Bank of Nigeria Plc has disbursed the sum of N400 billion to over 150, 000 Micro, Small and Mediun Enterprises (MSMEs) since its inception in 2017. Mr. Tony Okpanachi, the Managing…
- 3 Mar 2023
Wema Bank Partners with Enugu State Government to Train Over 250 SMEs
Wema Bank Plc, the oldest indigenous bank in Nigeria, has urged Small and Medium-Scale Enterprise (SME) owners and managers in Nigeria to explore the various funding opportunities that the bank…
- 18 Jun 2026
Fidelity Bank Empowers 1,950 Residents in Anambra, Distributes Machines, Cash Grants, School Support Items
Fidelity Bank Plc, leading financial institution, has reaffirmed its commitment to sustainable social impact and economic inclusion through the empowerment of women and schoolchildren in Anambra…