By Tom Okpe The House of Representatives Committee on Nutrition and Food has threatened to issue warrant of Arrest on Bank of Industry, BOI, CEO and 25 other deposit banks, for failing to appear before it. The is in connection with the disbursement of N54.9bn, and additional N3bn to farmers on the Anchor Borrowers Scheme […]
BY MOTOLANI OSENI The Bank of Industry (BoI) Limited is planning to launch the BoI Impact Fund, which will use various financial instruments from debt to equity to support high-growth enterprises, strategic value chain companies, as well as provide support to struggling businesses across the country. This is, as BoI said, in line with the […]
BY MOTOLANI OSENI Sage Grey Finance Limited has partnered with the Bank of Industry (BOI) to provide accessible and affordable financing options to Micro, Small, and Medium Enterprises (MSMEs). The partnership, announced in Lagos, supports the federal government’s MSMEs Fund and is designed to foster business growth, job creation, and economic development by offering tailored […]
The Bank of Industry (BOI) has announced plans to disburse loans of up to N1 billion to 140 manufacturing companies across Nigeria under the Federal Government’s N75 billion Manufacturing Sector Fund. BOI Managing Director, Olasupo Olusi, made this disclosure at the bank’s inaugural annual public lecture series on Wednesday in Abuja. He explained that the […]
By Motolani Oseni The Bank of Industry (BOI) said it has disbursed $6.02 million out of its $10 million investment commitment to Alitheia Fund in supporting gender equality and women’s financial inclusion. Alitheia Fund is a pioneering $100 million gender-lens fund that invests in women-owned, women-led or women-servicing companies across varying sectors. Managing Director, of […]
*Partners states on disbursement The Bank of Industry (BOI) says it has so far received over one million applications for the Nigeria COVID-19 Action Recovery and Economic Stimulus Programme (NG-CARES) MSME grants. The bank disclosed said this in a statement on Friday in Lagos to clarify the implementation and disbursement of the grants. It said […]
The Bank of Industry (BoI) says it recorded a profit before tax of N39.33 billion for the financial year ended Dec. 31, 2019. READ ALSO: Kebbi assemblymen donate 50% of 2 months salaries to fight COVID-19 The bank said the profit represented a growth of 7.2 per cent when compared with ₦36.66 billion achieved in the […]
Abuja – The Minister of Agriculture and Rural Development, Sabo Nanono, says following Federal Government’s effort to encourage local production, Nigeria may stop fish importation in 2022. The minister made this known while receiving a delegation from the National Fish Association of Nigeria (NFAN) led by its National President, Dr Gabriel Ogunsanya in Abuja on […]
Sunday Nwakanma – Umuahia The Federal government in partnership with Abia State Government and Bank of Industry, BoI Friday, disbursed a total of N380 million to 7000 beneficiaries in Abia State through the Government Enterprises & Empowerment Programme, GEEP. However, some beneficiaries were disappointed when they did not receive their own bank alert as others […]
The Kwara State government has said it will leverage the technical and financial capacity of the Bank of Industry (BOI) to build a partnership for sustainable entrepreneurship development in the State. The Governor of Kwara State, Abdulfatah Ahmed, noted that partnering with BOI would help upscale already existing entrepreneurship schemes in the state, to drive […]
The Bank of Industry (BoI) says it has partnered Diamond Bank to provide soft loan to traders, artisans, cooperatives, youth and farmers in the country. The Acting Managing Director, BoI, Mr Waheed Olagunju, made this known at the launching of the programme late on Tuesday in Lagos. Olagunju said that the Federal Government introduced the […]
Succour has come the way of micro business owners – market women, traders, artisans and farmers as Sterling Bank, partners the Bank of Industry (BoI) for the pilot phase of the N140 billion Government Enterprise Empowerment Program (GEEP). The programme is targeted at over 16 million beneficiaries to foster financial inclusion and economic […]
The Bank of Industry (BOI) and Laurel School of Mines (LSM) have partnered to develop gem stones production in Nigeria for export. BOI noted that the partnership is the boldest initiative the Development Finance Institution (DFI) has taken so far in the solid minerals space in the country. Acting Managing Director, BOI, Mr. Waheed Olagunju, during […]
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 […]
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 […]
The Bank of Industry (BoI) has warned that industrial development will continue to be impeded if majority of Nigerian manufacturers continue employing outdated technology in their production processes and called for a synergy of innovative researchers and industry owners. Addressing members of the Nigerian Academy of Engineers, who paid a courtesy visit to the development […]
The Bank of Industry (BOI) has secured a domestic credit rating of A- from Agusto & Co, a leading Nigerian credit rating agency. By the rating, the Bank of Industry has been adjudged to be a financial institution with good financial condition and a strong capacity to repay obligations on a timely basis. […]
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 […]