An
official of the Federal Ministry of Finance on Wednesday, confirmed the
official licensing of the Development Bank of Nigeria (DBN) by the
Central Bank of Nigeria.
CBN
According to Premium Times, the Central Bank of Nigerian (CBN), has
on Wednesday, March 29, licensed the Development Bank of Nigeria, owned
by the Ministry of Finance, a ministry spokesperson said.
The Development Bank of Nigeria (DBN) was conceived in 2014, but its take-off had been fraught with delays.
The DBN is a wholesale financial institution which aims to increase
access to finance for Micro, Small and Medium Enterprises (MSMEs)
through eligible financial intermediaries (participating financial
institutions).
We'll be bringing you more details later...
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