BoI Insists Bakers Association Must Repay Loans For Cassava Bread   The Chief Risk Officer, Bank of Industry (BoI), Dr. Ezekiel Oseni, has said the federal government will not write-off the loan given to members of the Master Bakers Association of Nigeria under the N3.4 billion...

BoI Set To Empower 110,000 SMEs With N2.4bn   The Bank of Industry says it will empower 110,000 Micro, Small and Medium Enterprises in the North-East part of Nigeria with the sum of N2.4bn. Six states are in Nigeria’s North-East and they are Borno, Adamawa, Yobe, Bauchi,...

Nigeria Has N1trn Financing Gap Annually, Says BoI The Chief Executive Officer of the Bank of Industry, Mr Olukayode Pitan, has said there exists a financing gap of about N1trn in the country every year. Pitan, while speaking at the Economic and Business Conference organised by...

BoI Shares N259bn To MSMEs   Between January and December 2018, a total of N259.6bn was disbursed by the Bank of Industry to support the industrialisation policy of the Federal Government. The amount disbursed in 2018 represents an increase of N147.1bn or 130 per cent when compared...

BoI Laments N5.81bn Unpaid Omatek's Loan, Seven Years After   Omatek Ventures Plc’s indebtedness to the Bank of Industry has entered its seventh year as the bank claimed the company has not serviced the N5.81bn credit facility since 2012. Responding to our correspondent enquiries on the status...

BOI, Firm Inaugurate N1bn N/Delta off-grid Fund   The Bank of Industry and All On, a Nigerian off-grid energy investment company backed by Shell, have announced the establishment of a N1bn Niger Delta Off-Grid Energy Fund. They said the fund would provide local currency debt financing to...