Development Bank of Nigeria to lend N5bn to over 20,000 MSMEs

Development Bank of Nigeria to lend N5bn to over 20,000 MSMEs

Nigeria’s Development Bank (DBN) is to lend some N5 billion, long term money to over 20,000 Micro, Small and Medium Enterprises (MSMEs) in commencement of its first mandate – lending activities to the MSMEs. The loan would be disbursed through three selected Participating Financial Institutions, including Fortis Microfinance Bank, LAPO Microfinance Bank and NPF Microfinance…

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