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Development Bank of Nigeria

Development Bank of Nigeria

Overview

The Development Bank of Nigeria (DBN) is a wholesale development finance institution established by the Federal Government of Nigeria to alleviate financing constraints for Micro, Small, and Medium Enterprises (MSMEs) by providing funding and partial credit guarantees to eligible financial intermediaries.

Year Founded

2017

Portfolio Companies

2

Investments

Development Bank of Nigeria investments
CompanyDateStageLead
AgroEknor-DebtCo-investor
NiteonJul 2025Pre SeedCo-investor

Sector & Stage Mix

Industry, funding stage, and valuation band breakdowns.

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SeedSeries ASeries BGrowth

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Investment Activity

Yearly cadence, pace, and funding raised over time.

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2021
2022
2023
2024
2025
2026

Portfolio analytics

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FAQ

Where is Development Bank of Nigeria based?

Development Bank of Nigeria is headquartered in Abuja, Nigeria.

When was Development Bank of Nigeria founded?

Development Bank of Nigeria was founded in 2017.

How many portfolio companies does Development Bank of Nigeria have?

Development Bank of Nigeria has 2 portfolio companies in Caplight's dataset.

What are some companies in Development Bank of Nigeria's portfolio?

Portfolio companies visible on Caplight include AgroEknor, Niteon.

What was Development Bank of Nigeria's most recent investment shown here?

Development Bank of Nigeria's most recent investment in this portfolio sample was in Niteon in 2025.

What sectors does Development Bank of Nigeria focus on?

Development Bank of Nigeria focuses on Consumer & Commerce, Consumer & Commerce, Mobility, Transportation & Logistics, Frontier & Industrial Tech.

What company stages does Development Bank of Nigeria focus on?

Development Bank of Nigeria typically invests at the Early stage.

What is Development Bank of Nigeria's AUM?

Development Bank of Nigeria's assets under management are estimated between $790.0M and $1.5B.

Firmographic Details

HeadquartersAbuja
Year Founded2017

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