By Destiny Eseaga
Wema Bank Plc said it has entered into partnerships with Development Bank of Nigeria (DBN) to improve access to cheaper funds for small businesses in Nigeria, recently.
To this end, the bank said MSMEs and businesses in all segments can access up to N153 million and N610 million, respectively, from the bank.
A statement by Funmilayo Falola of the bank’s Brands and Marketing Department, said under the arrangement, DBN will fund MSMEs through participating financial institutions, of which Wema Bank is one the selected institutions.
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The bank noted that it has prioritizes support for smaller businesses and has started disbursing loans to both new and existing MSMEs customers.
The statement read: “While access to cheap funds is great, access to new markets offers even more promise. Expanding into…
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