United Bank for Africa Plc has secured a N5bn loan facility from the Bank of Industry to boost key sectors of the economy and support the growth of sustainable and viable businesses in Nigeria, with a primary focus on micro, small, and medium enterprises owned by women.

Bank of Industry (BoI) has reiterated its commitment to improving access to affordable financing for the Micro Small and Medium Enterprises (MSMEs) by the continuous disbursement of the N75 billion intervention fund aimed at empowering MSMEs, creating over 75,000 direct jobs and 150,000 indirect jobs nationwide.

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...