Afreximbank has committed $75 million to the Development Bank of Nigeria (DBN) to expand financing for small and medium-sized enterprises (SMEs) in Nigeria. The funds are intended to increase credit access and support firms that operate in, or can benefit from, creative and export-oriented activities.
Across outlets, the arrangement is described as a financing facility in which DBN would provide lending to SMEs, with banks acting as intermediaries to reach businesses. Premium Times adds that the approach combines finance with practical support aimed at helping companies prepare for export markets and connect with buyers across Africa and beyond.
The overall reporting is consistent in key details: the institutions involved (Afreximbank and DBN), the total amount ($75 million), and the focus on SMEs, including the creative sector. Differences are mainly in emphasis—some outlets foreground the banking partnership mechanism, while others highlight the export-market readiness and buyer-connection support.
