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Adzer Iwanger
by Adzer Iwanger
September 24, 2020

DBN: Experts Advocate More Capacity Building For Increased Lending To SMEs

One of the major impediments to business growth in Nigeria is capacity building. This is against the wrong belief by many business owners and finance experts. Capacity building encompasses various aspects of a business from the business idea, customer engagement, funding, bookkeeping to sales and marketing, recruitment, logistics, regulatory and environmental issues, among others. At […]

Adzer Iwanger
by Adzer Iwanger
September 10, 2020

DBN Provides Funding, Risk Sharing To MSMEs

The Development Bank of Nigeria is a development finance institution focused on alleviating financing constraints faced by Micro, Small and Medium Scale Enterprises (MSMEs) in Nigeria through providing financing, partial credit guarantees and technical assistance. In addition, DBN loans have a longer tenure than other commercial loans, which are usually short-term. To start or grow […]

Samuel Moore
by Samuel Moore
September 4, 2020

Requirements for Development Bank of Nigeria Loan

It is amazing that with over 37 million SMEs in Nigeria, more than 95% don’t have access to credit. This shouldn’t be so if these SMEs contribute to more than 50% of the Nigerian GDP. No wonder many businesses end up dying within the first few years of operation. The place of capital in running […]

Adzer Iwanger
by Adzer Iwanger
August 17, 2020

DBN Set To Hold 2020 Edition of Entrepreneurship Training Programme

In a bid to show its commitment to providing capacity building for Micro, Small and Medium Enterprises in Nigeria, Development Bank of Nigeria is set to hold the 2020 edition of its Entrepreneurship Training Programme. In addition to providing funding and risk-sharing facilities to MSMEs and Small Corporates through participating financial institutions, the Development Bank […]

Adzer Iwanger
by Adzer Iwanger
July 17, 2020

MSMEs Need Credit Guarantees to Survive– DBN

The Development Bank of Nigeria (DBN) has described Credit Guarantees Schemes (CGS) as  veritable instruments to alleviate the credit constraints faced by micro, small, medium and enterprises, MSMEs. This was the highlight of presentations  by industry experts at the just concluded DBN Webinar Series with the theme,   “Risk Sharing: A Key Driver for Increased […]

admin
by admin
February 18, 2020

Five Government SME Intervention Funds You Should Know About

Boluwatife Okeowo Credit (loans) availability remains one of the most pivotal keys to building a sustainable enterprise. Businesses are funded by two major means; equity and loans. While it is most desirable to start and expand your business through equity, sometimes it makes more financial sense to take a loan to support the cash flow […]