BOI To Promote Enterprise In Ekiti With N1bn Loan         The Bank of Industry has expressed the bank’s readiness to provide credit facilities to the tune of one billion naira to empower entrepreneurs in Ekiti State. BOI Manager (Ondo and Ekiti states), Mr Seyi Ashaolu, said the...

BOI Supports COVID-19 Hard-hit Sectors   The Bank of Industry is reviewing its strategic priorities to ensure continuous support for enterprises, especially those hard-hit by the COVID-19 pandemic. Specifically, it is deepening penetration in agro-processing, food processing, technology, healthcare and pharmaceuticals to stimulate economic recovery and growth. At...

BoI Raises €1bn To Support MSMEs, Others   The Bank of Industry has raised a €1bn (about $1.11bn) medium-term syndicated facility from the international capital market to support micro, small, medium and large enterprises across key sectors of the Nigerian economy. With the successful conclusion of this...

FG Has Shared N19.9bn Among Petty Traders – BoI   The Bank of Industry on Tuesday said the Federal Government had disbursed a total of N19.9bn to petty traders under the Government Enterprise Empowerment Programme. The Executive Director, BoI, Toyin Adeniji, said this when the United Nations...

FEC Okays N200bn Loan For BoI   The Federal Executive Council (FEC) has approved the issuance of a Sovereign Guarantee of 500 million Euros (N200bn) from the Credit Suisse AG London Branch and a syndicate of international lenders as collateral for 500m Euro facility to the...

Miners Blame BoI For Not Disbursing N2.5bn Mining Grant   The Miners Association of Nigeria has blamed the Bank of Industry for the failure to disburse the N2.5bn Solid Minerals Development Fund. The fund was established in 2016 to help build the capacity of Nigeria’s artisanal and...