Bank Loans

Banks Begin Disbursement of Creative Industry Intervention Fund

The Bankers Committee of the Central Bank of Nigeria on Thursday said it was set to commence the disbursement of funds under the Creative Industry Financing Initiative The decision to commence the disbursement of funds under the initiative was made at the end of the committee’s meeting held at the CBN headquarters in Abuja. Present …

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Zenith Bank CBN Creative Industry Financing Initiative (CIFI) Loan and How to Apply

The Central Bank of Nigeria (CBN) in collaboration with the Bankers’ Committee as part of efforts to boost job creation in Nigeria, particularly among the youth, has developed a Creative Industry Financing Initiative (CIFI) fund. You can get a loan of up to: a) N3 million for Software Engineering Student b) N30 million for Movie …

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GT Bank Receives N25bn Funding from DBN for Disbursement to SMEs

Guaranty Trust Bank has partnered the Development Bank of Nigeria in disbursing loans to micro, small and medium enterprises (MSMEs). In a statement released by the bank, it said the DBN has provided N25 billion for disbursement to entrepreneurs. According to the statement, the funding is the single largest disbursement by the DBN to any …

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How SMEs can Access Business Loan from Development Bank of Nigeria (DBN)

Development Bank of Nigeria exists to alleviate financing constraints faced by Micro, Small and Medium Scale Enterprises (MSMEs) and small corporate in Nigeria through providing financing, partial credit guarantees and technical assistance to eligible financial intermediaries on a market-conforming and fully financially sustainable basis. “In Nigeria, there are over 37 million MSMEs contributing to over …

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