NSDC, BOI Sign MoU on Sugar Project Financing The National Sugar Development Council (NSDC) has signed a Memorandum of Understanding (MoU) with the Bank of Industry (BOI) to fill existing funding gaps in sugar project development in Nigeria. Titled, “First Supplemental Managed Fund Agreement,” the MoU...

BOI, AGF Sign $50m Deal to Scale Women-owned MSMEs The Bank of Industry (BOI) and African Guarantee Fund (AGF) have signed a $50 million Loan Portfolio Guarantee framework that will help scale up financial and support services to women-owned businesses and Micro, Small and Medium...

Tracking President Tinubu’s N200 billion intervention fund programme By Fredrick Nwabufo The real sector – agricultural and industrial -- is a critical factor for economic growth and development. A nation is as affluent as its industrial sector. In fact, this sector is the mitochondrion of a...

CBN, NDIC, Others to Discuss Bank Recapitalisation at Summit The Nigeria Deposit Insurance Corporation (NDIC) the Central Bank of Nigeria (CBN) the Bank of Industry (BoI) the United Bank for Africa, Access Holdings Plc, and other financial institutions will be discussing the impact of the...

BoI Secures €1.42bn Loan from International Finance Market The Bank of Industry (BoI) has received €1.425 billion from the senior phase of its global loan syndication- representing a 42.5 per cent oversubscription from international financial markets. BOI made this known in a statement, saying that this...

BOI Disbursed N496.72bn Loans to 75,809 Beneficiaries in One Year The Chairman of the shareholders committee of the Bank of Industry, Muhammed Bala, revealed that no fewer than 75,809 beneficiaries received credit funding worth N496.72bn from the Bank in 2023. The loans were disbursed to beneficiaries...