BoI Concludes $1bn Syndicated Term Loan         The Bank of Industry has announced the successful conclusion of a landmark $1bn loan syndication transaction aimed at improving the capacity of the bank to effectively support Micro, Small, Medium and Large enterprises across key sectors. According to a statement...

FG Approves 13 Loan Applications worth N1.08bn for Small Scale Miners The Federal Government on Tuesday announced the approval of thirteen loan applications worth N1.08billion for artisanal and small scale miners in the country. Mines and Steel Development Minister, Architect Olamilekan Adegbite disclosed this at the...

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...