Afreximbank commits $75 million to DBN to finance Nigerian SMEs
The African Export-Import Bank (Afreximbank) has committed a $75 million financing facility to the Development Bank of Nigeria (DBN) to expand access to finance for Nigerian small and medium-sized enterprises (SMEs), including businesses in the creative economy. The post Afreximbank commits $75 million to DBN to finance Nigerian SMEs appeared first on Nairametrics .
Afreximbank and the Development Bank of Nigeria (DBN) have signed a $75 million financing deal aimed at expanding credit access for Nigerian small and medium-sized enterprises (SMEs), particularly those in the creative and export-oriented sectors. The agreement was signed during the Creative Africa Nexus Weekend 2026 in Lagos between Afreximbank's Executive Vice President, Intra-African Trade and Export Development, Kanayo Awani, and DBN's Managing Director and CEO, Tony Okpanachi.
The financing will be disbursed through DBN's participating financial institutions to support working capital, asset acquisition, export financing, and supply chain activities, with businesses in fashion, film, music, and design among the intended beneficiaries.
Brief written by urgent.news from Punch Nigeria's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
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