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...

Mining: FG To Seek Funding From NEXIM, BOI The Federal Government says it will soon approach key financial institutions including the Nigeria Export-Import Bank and the Bank of Industry to open new desks to oversee the funding of mining projects in the country. The coordinator of...

BoI Disburses N44.34bn To N-Power, TraderMoni Beneficiaries   The Managing Director/Chief Executive, Bank of Industry (BoI), Mr. Olukayode Pitan has disclosed that a total of N44.34bn was disbursed to beneficiaries of the federal government’s social intervention programmes at the end of 2018. He said through the implementation...