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Development Bank of Nigeria Plc, a development finance institution, established by the Federal Government in collaboration with global development partners to address the major financing challenges facing Micro, Small and Medium Scale Enterprises (MSMEs) in Nigeria, has announced a donation of N100 Million towards the fight against the deadly coronavirus pandemic; (COVID-19).
Development Bank of Nigeria Plc, DBN, has announced a donation of N100 million towards the fight against the deadly coronavirus pandemic (COVID-19).
Tony Okpanachi, managing director, Development Bank of Nigeria (DBN), says in its first year of operations, the bank exceeded its projected performance with a total loan disbursement of N31.36 billion to 35,000 micro, small and medium enterprises (MSMEs).
The Development Bank of Nigeria has entered into a partnership with LAPO Microfinance Bank to support 10,000 businesses in the Micro, Small and Medium Enterprises sector with low-interest loans.
The European Investment Bank (EIB) and the African Development Bank (AfDB) have agreed to support the new Development Bank of Nigeria (DBN) with $70 million.
Mrs Patience Oniha, Director-General, Debt Management Office, said in Lagos on Friday that the Federal Government had released about N400bn government securities into the economy to service its debt and improve liquidity.
The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) and the Development Bank of Nigeria (DBN) have entered into a partnership that will see more funds channeled into the agricultural value chain (AVC) in the country.
Gov. Samuel Ortom of Benue said the Secretary to the State Government, Prof. Tony Ijohor and Chief of Staff, Mr Terwase Orbunde have tested positive for COVID-19.
Governor Samuel Ortom of Benue State has confirmed that his wife, Dr. Mrs. Eunice Ortom and Secretary to the State Government, SSG, Prof. Anthony Ijohor tested positive for COVID-19.
Gov. Abdullahi Ganduje of Kano State says the state is recording successes in the COVID-19 response aimed at stemming the further spread of the pandemic.
The Acting Chief Press Secretary to the Governor, Mr Daniel Alabrah, quoted him as expressing deep concern over the fatality rate of 6.5% the state has recorded so far, which, according to him, is higher than the national average of 2.5%.
A former Senate President, Bukola Saraki, has described as irresponsible and cheap politics, a statement credited to the All Progressives Congress, which tried to link him with a cyber-crime suspect, Ramon Abbas aka Hushpuppi, who was recently arrested in the United Arab Emirates and extradited to the United States.
Iran's President Hassan Rouhani said on Sunday that mask-wearing will be mandatory in certain areas as of next week and gave virus-hit provinces the green light to re-impose restrictive measures.
Manchester United boss Ole Gunnar Solskjaer has praised Odion Ighalo since he arrived from Shanghai Shenhua.
An FCT High Court, Jabi on Monday threw out a case filed by some aggrieved members of the Peoples Democratic Party (PDP) in Rivers, seeking leadership positions as Ward officers within the party.
Nigeria born former England international Eniola Aluko, will address Members of Parliament next week Tuesday on the lack of black, Asian and minority ethnic representation in sports leadership roles.
Dani Ceballos fired Arsenal into the FA Cup semi-finals as the Spaniard’s stoppage-time strike clinched a dramatic 2-1 win at Sheffield United on Sunday.