Money

Bank of Industry’s CEO receives African Banking Award

DailyTimesNGR DailyTimesNGR 27 September 2023 0

By Motolani Oseni The chief executive of Nigeria’s Bank of Industry(BOI), Mr. Olukayode Pitan has been honoured with the Special African Banking Leadership Commendation Award during the just-concluded 9th edition of the International Forum on African-Caribbean Leadership (IFAL), which was held

News

Do more to support local raw material production, Reps task Bank of Industry

Ihesiulo Grace 1 April 2021 0

Joy Obakeye The House of Representatives Committee on Industry, has charged the Bank of Industry to support genuine industrial firms that are willing to develop and add value to the nation’s local raw materials as well as reduce the high foreign exchange spent on importation of raw material. According to the Chairman of the Committee, […]

Business

BOI MD calls for more technology varsities to drive dev’t

Ihesiulo Grace 9 October 2019 0

The Managing Director of the Bank of Industry, Mr Olukayode Pitan, has urged State and Federal Governments to establish more universities of technology to drive development. Pitan gave the advice during the ancillary meeting at the 25th Nigerian Economic Summit in Abuja on Tuesday. The 2019 summit has as its theme: “Nigeria 2050 Shifting Gears”. […]

Agriculture Banking Business Economy

BIPC to empower women, youths to create wealth, says MD

Ihesiulo Grace 20 September 2019 0

These include the provision of small and medium scale loans through the company’s micro finance bank, agricultural activities as well as an annual talent hunt show in partnership with the Board of Internal Revenue Service (BIRS). Adum, also appealed to the Benue state Governor, Samuel Ortom to review the agreement between the state and the […]

News

Just In: South Africa Returnees to receive loan, 40,000 Naira Airtime – Abike Dabiri

Ihesiulo Grace 12 September 2019 0

The Chairman of the Nigerians in Diaspora Commission,NDC, Mrs Abike Dabiri-Erewa, on Thursday said that the Bank of Industry, BOI, ` has decided to give Nigerians who just returned from South Africa due to xenophobic attacks soft loans, if they are interested in doing business. Dabiri said this when the returnees arrived at the Murtala […]

Entertainment

Bank of industry supports Censors Board’s anti-piracy move

Ihesiulo Grace 12 January 2018 0

Nigeria’s Bank of Industry (BoI), has thrown its weight behind the moves by the National Film and Video Censors Board (NFVCB)’s Special Task Force on Uncensored and Unclassified movies, with a cash donation of N500, 000, and two KY 200-26C Kymstone Motorcycles. Receiving the items at the Board’s Ikoyi office recently, Executive Director of NFVCB, […]

News Nigeria

2,000 Edo women to get interest-free loans for business

Ihesiulo Grace 31 August 2017 0

‎First Lady of Edo State, Mrs. Betsy Obaseki, has said the state government in collaboration with the Bank of Industry (BOI) would soon commence the disbursement of interest-free loans to two thousand women to grow their businesses in the state. Mrs. Obaseki, who said this while speaking on the activities of her pet project, Edo […]

Business Headlines

CBN to spend $500,000 on 1st bio- diesel refinery

Ihesiulo Grace 14 August 2017 0

*Project to be completed in Kogi by 2018 *Jatropha farmers’ cooperatives to get N1m The Central Bank of Nigeria (CBN), through the Bank of Industry (BOI), is poised to enhance in bio-diesel refining in the continent with the establishment of the first bio-diesel refinery in Kogi, which will gulp $500,000. The project is expected to […]

Money Money

Unity Bank, BoI partner on empowerment programme

Ihesiulo Grace 1 August 2017 0

The Chief Executive Officer, Unity Bank Plc, Mrs. Tomi Somefun, said the success of the partnership with BoI is a testament to the fact that despite the difficulties of accessing credits by this segment of the market. Following the execution of a Memorandum of Understanding (MoU) with the Bank of Industry (BoI), Unity Bank Plc […]

Abuja Times Nigeria

BOI disburses N50, 000 loans to 1000 women in Abuja

Ihesiulo Grace 19 July 2017 0

The Bank of Industry (BOI) in collaboration with the National Council of Women Societies (NCWS) on Monday disbursed N50, 000 loan to 1000 women in the FCT. Mrs. Toyin Adeniji, Executive Director, Micro Enterprises, BOI who doled out the cash at the NCWS National Officers Women Empowerment Progarmme, said the loan was non interest. She […]

Politics

Rep frowns at executive order to wind NERFUND

Ihesiulo Grace 23 June 2017 0

A member of the House of Representatives Emeka Anohu( Ihiala Federal Constituency, Anambra State) has urged the Federal Government to exercise caution on its decision to wind down the National Economic Reconstruction Fund ( NERFUND) and merge it with the Bank of Industry (BOI). Anohu who is Chairman of the House of Representatives Ad-hoc Committee […]

Business Headlines

BOI Disburses N781bn in Loans

Ihesiulo Grace 17 May 2015 0

The Managing Director, Bank of Industry (BOI), Mr Rasheed Olaoluwa, on Saturday said the bank had disbursed N781 billion in loans to small, medium and large enterprises in Nigeria as at December 2014. Olaoluwa disclosed this at a media parley organised by the bank in Lagos. He said that the bank’s total loan disbursement in […]

Business

Banks of Industry, Agriculture up for Bidding

Ihesiulo Grace 28 April 2015 0

  The Bureau of Public Enterprises (BPE) has announced its plans to commence the privatisation process of the Bank of Agriculture (BOA), Bank of Industry (BOI) and the Nigeria Commodity Exchange (NCX). This is contained in a statement made available to newsmen in Abuja by the Bureau’s Head, Public Communications, Mr. Chigbo Anichebe. The National […]

Banking

BoI Service Platform Upgraded to Support 24/7 Delivery

Ihesiulo Grace 20 April 2015 0

In order to efficiently deliver on its mandate through available service platforms, the Bank of Industry (BoI) has re-engineered its processes and upgraded the institution’s banking application architecture. Specifically, the bank’s core banking application (CBA) known as Equinox has been upgraded to Rubikon, a software believed to hold more benefits for the bank and its

Business

BoI's Loan disbursements hit N780 Bn in 2014

Ihesiulo Grace 20 March 2015 0

The Managing Director of the Bank of Industry (BoI), on Thursday, disclosed that disbursements of intervention funds and loans from the Bank to the nation’s real sector and other key sectors have hit N780 billion as at the end of 2014. Speaking at the yearly conference of the Nigerian Institute of Estate Surveyors and Valuers […]

Banking

BoI Pledges Smart Technology Support to Local Manufacturers

Ihesiulo Grace 18 March 2015 0

The Bank of Industry (BoI) has pledged support for the adoption of smart technology by local manufacturers in order to compete effectively with imported goods. Making the commitment in Lagos on Tuesday, Managing Director of BoI, Mr. Rasheed Olaoluwa, disclosed that the development institution was collaborating with technology researchers across the country to further the