Development Bank of Nigeria

Nigeria
Abuja, FCT, Nigeria

Company profile

Development Bank of Nigeria company profile

The Federal Government of Nigeria (FGN) established the Development Bank of Nigeria (DBN) in conjunction with global development partners to solve the primary financing difficulties confronting Micro, Small, and Medium Size Businesses (MSMEs) in Nigeria. The company's goal is to reduce financing constraints experienced by MSMEs and small corporates in Nigeria by providing market-conforming and fully financially sustainable funding and partial credit guarantees to authorized financial intermediaries.

Business identity

Operating status
Active
Company type
For Profit
Employee range
51-100 employees
Revenue range
$1M-$10M
Founded
2017-01-01, Year

Headquarters

Country code
NG
Continent
Africa

Capital profile

Funding and company signals

Funding rounds
1
Total equity funding
$70M
Last funding
Series Unknown / $70M / 2018-04-19
Last equity funding
Series Unknown / $70M
Investors
2
Lead investors
2
Founders
1
Articles
44

Founders and investors

Founders

Anthony Okpanachi

Lead investors

African Development BankEuropean Investment Bank

Investors

African Development BankEuropean Investment Bank