It also urged the bank to ensure equitable disbursement of the loan in the six geopolitical zones of the country.
Browsing: Development Bank of Nigeria
The Development Bank of Nigeria says it has disbursed N13.364 billion loans in the first year of its operations.
The Development Bank of Nigeria has launched her first television commercial to be broadcast across various platforms to educate the teeming Nigerian Micro, Small and Medium Enterprises on how to access the DBN loans through the various Participating Financial Institutions.
The European Investment Bank has finalized a $20 million equity stake in the new financing institution, alongside $50 million equity participation from the African Development Bank
Both Obasanjo and Babangida have advised Buhari not to seek reelection in 2019
The 23-minute event, filmed at the Ministry of Finance headquarters in Abuja, and broadcast live through her Facebook page (Facebook.com/HMKemiAdeosun), reached an audience of more than 130,000 persons within the first hour
The approval came on the heels of a memo submitted by the Finance Minister, Kemi Adeosun, seeking council’s ratification on the loan’s request
The CBN on March 28 approved the grant of a Wholesale Development Finance Institution Licence with national authorisation to DBN
Eke Ubiji, the Executive Secretary of NASME, made the appeal while speaking with the News Agency of Nigeria on Monday in Lagos
Its Managing Director, Tony Okpanachi, said this on Friday during a media briefing where the management team of the bank was formally introduced by the Minister of Finance, Kemi Adeosun
The Finance Ministry had on Wednesday received notice from the regulator that it was free to commence operations of the Micro, Small, and Medium Enterprise focused Development Bank of Nigeria
This was confirmed by the Minister of Finance, Kemi Adeosun, on Wednesday
According to Adeosun, the present administration is aware of the role of SMEs in national economy, hence the resolve to position the DBN as a catalyst for the development of the SMEs
The DBN will have access to $1.3 billion