Because our mandate fully supports the stimulation of diversified and inclusive growth, DBN will contribute to alleviating specific financing constraints that hamper the growth of domestic production and commerce by providing targeted wholesale funding to fill identified enterprise financing gaps in the MSME segment.
MSMEs are, collectively, the largest employers in many low-income countries including Nigeria, yet their viability is being threatened by lack of access to risk-management tools such as savings, insurance and credit. Indeed, their growth is often stifled by restricted access to credit, equity and payments services.
FAQs
DBN 4th AGM 2021 – (L-R) : DBN Managing Director/CEO, Tony Okpanachi, Executive Director, Ijeoma Ozulumba, Chairman DBN Board of Directors, Dr. Shehu Yahaya and Representative of AfDB and EIB, Emmanuel Akinwunmi at the recently held AGM of the Bank in Abuja.
Who is the managing director of Development Bank of Nigeria? ›
Tony Okpanachi, Managing Director/CEO, Development Bank of Nigeria Plc, Dr.
Who are the shareholders of DBN? ›
The Development Bank of Nigeria (DBN) has paid out N3. 5 billion dividend to its shareholders comprising the African Development Bank (AfDB); European Investment Bank; Ministry of Finance Incorporated (MOFI) and the Nigeria Sovereign Investment Authority (NSIA).
Who are the shareholders of the Development Bank of Nigeria? ›
The Federal Government of Nigeria is the ultimate owner of the shares held by the MOFI and the NSIA in DBN. Hence, DBN complies with the Fol. The MOFI and NSIA are both shareholders in DBN. The DBN is not a ministry, department, or agency of the Federal Government of Nigeria.
What does Development Bank of Nigeria do? ›
Our objective is to alleviate financing constraints faced by MSMEs and small Corporates in Nigeria through the provision of financing and partial credit guarantees to eligible financial intermediaries on a market-conforming and fully financially sustainable basis.
Who is the CEO of development bank? ›
Hussein bin Ali Al Lawati.
Who is the director of African Development Bank Nigeria? ›
Barrow, Director General of Nigeria Country Department of the African Development Bank. Mr Lamin G. Barrow is the Director General of Nigeria Country Department of the African Development Bank.
How many members are in NDB? ›
The New Development Bank (NDB) is a multilateral development bank established by Brazil, Russia, India, China and South Africa (BRICS) with the purpose of mobilising resources for infrastructure and sustainable development projects in emerging markets and developing countries (EMDCs).
Who is the largest shareholder of African Development Bank? ›
The largest African Development Bank shareholder is Nigeria with nearly 9% of the vote. All member countries of the AfDB are represented on the AfDB Board of Executive Directors. Dr.
What are the 5 development banks in Nigeria? ›
Nigeria has seven Development Finance Institutions namely; (i) Bank of Industry (BOI); (ii) Federal Mortgage Bank of Nigeria (FMBN); (iii) Nigerian Export–Import Bank (NEXIM); (iv) Bank of Agriculture (BOA); (v) Infrastructure Bank (formerly Urban Development Bank of Nigeria Plc.; (vi) National Economic Re-construction ...
How to get a DBN Loan
- Visit your bank: Commercial Bank, Microfinance Bank, Development Finance Institution (DFI) and other Financial Institutions and indicate you want to apply for a DBN Loan.
- The Bank appraises the business and loan purpose, and if its assessment is favourable, the Bank applies to DBN for funding.
(DBN) was established in September 2014 by the Federal Government of Nigeria (FGN) in partnership with several International Finance Institutions namely the World Bank, African Development Bank (AfDB), KfW Development Bank (Germany), Agence Française de Développement (AfD) and the European Investment Bank (EIB), to ...
Who is the managing director of NPA Nigeria? ›
Mohammed Bello-Koko (Managing Director)
Mohammed Bello Koko was born on 25th March 1969. He attended and completed his secondary school education at the Federal Government College Sokoto in 1986.
Who is the managing director of FBN Holdings? ›
Nnamdi Okonkwo - Group Managing Director - FBN Holdings Plc | LinkedIn.
Who is the managing director of NGX? ›
Temi Popoola is the current Group Managing Director/Chief Executive Officer of Nigerian Exchange Group. Prior to this, he was the Chief Executive Officer of Nigerian Exchange Limited, the operating Exchange subsidiary of the Group.
