BoI Raises N305bn To Finance Industrialists   A total of $1bn (N305bn) has been raised by the Bank of Industry to finance the industrial sector of the economy in the 2018 fiscal period. The amount is expected to be deployed in key sectors of the economy such...

BoI, DAWN Commission Seek E-Commerce Growth   The first South-West e-commerce summit and expo, put together by the Bank of Industry, in partnership with the Development Agenda for Western Nigeria Commission and Nustream Conference and Culture Centre, will hold in Ibadan between March 26 and 28,...

28 businesses Gets N1.5bn Direct Funding From BoI   The Bank of Industry on Wednesday presented N362m cheque to the first batch of the beneficiaries of the N2bn-Micro, Small and Medium-scale Enterprises, Development Fund in Benue State. Benue State and BoI had last year signed a pact...

BoI Earmarks N50bn For Food Processing Firms The Bank of Industry has announced that it has set aside about N50bn for genuine food processing companies in the country to save the huge foreign exchange being spent yearly on food imports. The Managing Director, BoI, Olukayode Pitan,...

BoI Gives Loans To 7,000 Entrepreneurs In Cross River The Bank of Industry has disbursed micro-credit loans ranging from N50,000 to N100,000 to over 7,000 beneficiaries in Cross River under the Federal Government’s Enterprise and Empowerment Programme . According to a statement from the bank, the...

BOI Gets Approval To Recover NERFUND’s N17.5bn Bad Loans The Federal Government has given approval to the Bank of Industry to recover the N17.5bn outstanding loans being owed by customers of the Nigeria Economic Reconstruction Fund. NERFUND is currently having liquidity challenges owing to its huge...