• Home
  • News
  • Tech
  • Entertainment
  • Lifestyle
  • Review
  • Vacancies
Tuesday, May 30, 2023
News Ville
  • Home
  • News
    • All
    • Business
    • Politics
    • World
    Stanbic IBTC Completes Pan-African Payment System

    Stanbic IBTC Announces Fintech Subsidiary

    NOVA Merchant Bank Achieves Double Earnings Growth with Innovative Offerings

    NOVA Merchant Bank Achieves Double Earnings Growth with Innovative Offerings

    Location and Address of UBA Dubai

    UBA Expands Loan Portfolio By N605bn

    US Agency And Tony Elumelu Foundation Partner To Increase Trade

    UBA Foundation Empowers Women With Tech Skills

    CBN commends Access Bank on sustainable principles

    MFS Africa and Access Bank Partner to Expand AccessAfrica

    Wema Bank Gets New Managing Director

    Wema Bank Gets New Managing Director

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Tech
    CBN Knocks Banks, Removes ATM Maintenance Fee, Cuts Bank Charges, Others

    CBN Knocks Banks, Removes ATM Maintenance Fee, Cuts Bank Charges, Others

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
  • Entertainment
    • All
    • Movie
    • Music
    • Sports
    N10.5m Scholarship up for Grab as UBA Foundation Extends NEC 2022 Call for Entries – Newsvilleng

    N10.5m Scholarship up for Grab as UBA Foundation Extends NEC 2022 Call for Entries – Newsvilleng

    Africa Film Academy: Epe Class Premiers Long Walk To Forever-newsvilleng

    Africa Film Academy: Epe Class Premiers Long Walk To Forever-newsvilleng

    Will Smith: Your Love For Someone Can End You, Uti Nwachukwu Cautions

    Will Smith: Your Love For Someone Can End You, Uti Nwachukwu Cautions

    Actress, Destiny Etiko Buys An Expensive Car For Her Boyfriend

    Actress, Destiny Etiko Buys An Expensive Car For Her Boyfriend

    Cristiano Ronaldo Breaks Another Record, Becomes Highest Goal Scorer Of All Time

    Cristiano Ronaldo Breaks Another Record, Becomes Highest Goal Scorer Of All Time

    Wizkid Reacts To Davido’s Sold Out O2 Show, Picks His Favourite Performance

    Wizkid Reacts To Davido’s Sold Out O2 Show, Picks His Favourite Performance

  • Lifestyle
    • All
    • Food
    • Health
    A Popular Doctor Advises Women On How To Cure Fishy Vagina Smell

    A Popular Doctor Advises Women On How To Cure Fishy Vagina Smell

    Health Conditions That Can Cause Erectile Disfunction In Men – newsvilleNg

    Health Conditions That Can Cause Erectile Disfunction In Men – newsvilleNg

    Meet The Tallest Woman In The World

    Meet The Tallest Woman In The World

    Presco Plc reaches new All-Time-High, gains N3.25 billion in market value

    Presco Plc reaches new All-Time-High, gains N3.25 billion in market value

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Review
  • Vacancies
No Result
View All Result
  • Home
  • News
    • All
    • Business
    • Politics
    • World
    Stanbic IBTC Completes Pan-African Payment System

    Stanbic IBTC Announces Fintech Subsidiary

    NOVA Merchant Bank Achieves Double Earnings Growth with Innovative Offerings

    NOVA Merchant Bank Achieves Double Earnings Growth with Innovative Offerings

    Location and Address of UBA Dubai

    UBA Expands Loan Portfolio By N605bn

    US Agency And Tony Elumelu Foundation Partner To Increase Trade

    UBA Foundation Empowers Women With Tech Skills

    CBN commends Access Bank on sustainable principles

    MFS Africa and Access Bank Partner to Expand AccessAfrica

    Wema Bank Gets New Managing Director

    Wema Bank Gets New Managing Director

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Tech
    CBN Knocks Banks, Removes ATM Maintenance Fee, Cuts Bank Charges, Others

    CBN Knocks Banks, Removes ATM Maintenance Fee, Cuts Bank Charges, Others

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
  • Entertainment
    • All
    • Movie
    • Music
    • Sports
    N10.5m Scholarship up for Grab as UBA Foundation Extends NEC 2022 Call for Entries – Newsvilleng

    N10.5m Scholarship up for Grab as UBA Foundation Extends NEC 2022 Call for Entries – Newsvilleng

    Africa Film Academy: Epe Class Premiers Long Walk To Forever-newsvilleng

    Africa Film Academy: Epe Class Premiers Long Walk To Forever-newsvilleng

    Will Smith: Your Love For Someone Can End You, Uti Nwachukwu Cautions

    Will Smith: Your Love For Someone Can End You, Uti Nwachukwu Cautions

    Actress, Destiny Etiko Buys An Expensive Car For Her Boyfriend

    Actress, Destiny Etiko Buys An Expensive Car For Her Boyfriend

    Cristiano Ronaldo Breaks Another Record, Becomes Highest Goal Scorer Of All Time

    Cristiano Ronaldo Breaks Another Record, Becomes Highest Goal Scorer Of All Time

    Wizkid Reacts To Davido’s Sold Out O2 Show, Picks His Favourite Performance

    Wizkid Reacts To Davido’s Sold Out O2 Show, Picks His Favourite Performance

  • Lifestyle
    • All
    • Food
    • Health
    A Popular Doctor Advises Women On How To Cure Fishy Vagina Smell

    A Popular Doctor Advises Women On How To Cure Fishy Vagina Smell

    Health Conditions That Can Cause Erectile Disfunction In Men – newsvilleNg

    Health Conditions That Can Cause Erectile Disfunction In Men – newsvilleNg

    Meet The Tallest Woman In The World

    Meet The Tallest Woman In The World

    Presco Plc reaches new All-Time-High, gains N3.25 billion in market value

    Presco Plc reaches new All-Time-High, gains N3.25 billion in market value

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Review
  • Vacancies
No Result
View All Result
News Ville
No Result
View All Result

DBN Disburses N1.6bn To LivingTrust MfB For Entrepreneurs

May 18, 2022
in Finance
ShareTweetSend
DBN Disburses N1.6bn To LivingTrust MfB For Entrepreneurs

Related Posts

Stanbic IBTC Completes Pan-African Payment System
Finance

Stanbic IBTC Announces Fintech Subsidiary

May 20, 2023
UBA GMD, Oliver Alawuba, Increases UBA Shareholding with 9.5 Million Shares
Uncategorized

UBA GMD, Oliver Alawuba, Increases UBA Shareholding with 9.5 Million Shares

May 19, 2023
NOVA Merchant Bank Achieves Double Earnings Growth with Innovative Offerings
Business

NOVA Merchant Bank Achieves Double Earnings Growth with Innovative Offerings

May 17, 2023
Location and Address of UBA Dubai
Finance

UBA Expands Loan Portfolio By N605bn

April 14, 2023
US Agency And Tony Elumelu Foundation Partner To Increase Trade
Finance

UBA Foundation Empowers Women With Tech Skills

April 14, 2023

The Development Bank of Nigeria (DBN) is set to disburse N1.6bn to LivingTrust Mortgage Bank Plc as loans to Micro Small and Medium-size entrepreneurs (MSMEs).

According to statement released to the public, the Development Bank of Nigeria (DBN) has approved the disbursement of N1.6bn to LivingTrust Mortgage Bank Plc for on-lending to Micro Small and Medium-size entrepreneurs (MSMEs).

In a letter from DBN to the management of the mortgage bank, dated April 27, 2022, DBN said it had in March last year, disbursed the first tranche of the fund to the bank.

The letter with reference number DBN/LTMB/007/04/2022, and jointly signed by the Chief Operations Officer, Bonaventure Okhaimo, and Managing Director/Chief Executive Officer,  Tony Okpanachi, notified LivingTrust of the upward review of its credit limit to N1.6bn for on-lending to prequalified MSMEs and small corporates.

READ ALSO: FCMB, Mastercard Foundation partnered, To Give Loans To 100,000 MSMEs In Nigeria

“We are pleased to advise you that the Board of DBN has approved a review of your credit limit to N1,612,078,500.00 for on-lending to prequalified (MSMEs/small corporates).

“This commitment is however subject to the full satisfaction of the terms and conditions precedent to disbursement communicated in your previous offer, and the execution of a Supplementary Lending Agreement setting out the detailed terms of the loan to the end-borrowers,” the letter read in part.

ALSO READ: FMBN disburses N394.6bn to beneficiaries

The DBN’s Managing Director, Adekunle Adewole, while commenting said that the development was further to the appointment of LivingTrust as a partner bank for the development of the MSME sector by DBN on November 16, 2020.

“This development places LivingTrust among the few banks considered by DBN as possessing the requisite financial strength and governance structure to manage the MSMEs funds. There is no better pointer to our prudence in utilizing the funds earlier disbursed, than this enhancement.

“The partnership would further enable the bank to provide funding solutions in nurturing its growing MSME customer base,” he further noted,

He also disclosed that the bank; established in 2014 by the federal government, had disbursed various amounts to over 500 MSMEs since the commencement of the scheme last year

Breaking News

“I Built My Page With My Nyash. I Will Shake It Forever,” Instagram Influencer, Janemena

“I Built My Page With My Nyash. I Will Shake It Forever,” Instagram Influencer, Janemena

February 4, 2022
0

Nigerian dancer and Instagram influencer Usiwo Orezimena Jane, popularly known as Janemena, has revealed that she built her social media...

Regina Daniels’ Husband, Ned Nwoko Clears Air On His New Marriage, Dumping Regina Daniels

Regina Daniels’ Husband, Ned Nwoko Clears Air On His New Marriage, Dumping Regina Daniels

February 21, 2022
0

Regina Daniels' Husband, Ned Nwoko Clears Air On His New Marriage, Dumping Regina Daniels Popular businessman, honourable Ned Nwoko, has...

Actress, Destiny Etiko Buys An Expensive Car For Her Boyfriend

Actress, Destiny Etiko Buys An Expensive Car For Her Boyfriend

March 13, 2022
0

Actress, Destiny Etiko surprised her boyfriend, Success John with an expensive car. Beautiful and curvy Nollywood actress, Destiny Etiko surprised...

CBN Increases Online Transfer Limit For Individuals And Companies

CBN Disburses N75.9bn Loan To Farmers In Two Months

August 15, 2022
0

Muhammadu Buhari The Central Bank of Nigeria (CBN) has said that it disbursed N75.9 billion loan to farmers between last...

Odion Ighalo Gives Reason He Left His Formal Club

Odion Ighalo Gives Reason He Left His Formal Club

February 18, 2022
0

Odion Ighalo Gives Reason He Left His Formal Club Super Eagles and former Manchester United striker, Odion Ighalo, has revealed...

A Popular Doctor Advises Women On How To Cure Fishy Vagina Smell

A Popular Doctor Advises Women On How To Cure Fishy Vagina Smell

November 22, 2021
0

It is a thing of disgrace and shame when ancertain private part starts giving off unpleasant smell. Most times, it...

Share on FacebookShare on TwitterShare on Whatsapp

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Next Post
CBN Begs Farmers To Pay Agric Loan, Says It’s Not National Cake

CBN Begs Farmers To Pay Agric Loan, Says It's Not National Cake

  • Advertise
  • Privacy & Policy
  • Contact
Call us: +234 813 466 5168

© 2021 Newsville Nigeria - Designed by Belomth Digitals.

No Result
View All Result
  • Home
  • News
  • Tech
  • Entertainment
  • Lifestyle
  • Review
  • Vacancies

© 2021 Newsville Nigeria - Designed by Belomth Digitals.