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...

13,000 Anambra Artisans To Benefit From COVID-19 Grants         No fewer than 13,000 tailors and other artisans in Anambra State are to benefit from the Artisan and Transport Support Scheme of the Federal Government. Under the programme, each beneficiary would receive a grant of between N30,000 and...

BoI Increases SME Loans By 56%     The Bank of Industry said the total amount it disbursed to the Micro, Small and Medium Enterprises segment in the country in 2019 rose by 56.3 per cent to N53bn year-on-year from N33.9bn disbursed in 2018. The Chairman, Board of...

BoI Cuts Interest Rates By 2%     The Bank of Industry on Monday said it has reduced the interest rates on all its funded projects from 10 per cent to eight per cent per annum. The bank said the decision, which took effect from April 1, had...

BoI Records N39.33bn Profit, Disburses N234bn To 10,145 Enterprises     With ₦234 billion disbursed to 10,145 enterprises, thus facilitating the creating of an estimated 1 million direct and indirect jobs, the bank of Industry (BoI) has recorded a profit of N39.33 billion for the2019 financial year. Indeed,...

Female Entrepreneurs Gets N26bn Loans From BoI   As part of its deliberate steps to address issues around gender equality in entrepreneurship, the Bank of Industry said it disbursed N26bn loans to female entrepreneurs in 18 months. This was disclosed by the Managing Director, BoI, Mr Olukayode...