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Kano Industrialists Get N24bn from BoI

The Managing Director, Bank of Industry, Mr. Olukayode Pitan, says the bank has provided a total of N24billionn to industrialists in Kano State. He gave the figure in Abuja during a meeting with the Kano State Governor, Abdullahi Ganduje. He stated that that the bank through...

Enelamah: BoI Disbursed N66bn to SMEs in 2016

The Bank of Industry (BoI) recorded its most impressive performance in 2016 by posting double-digit growths in almost all aspects of its operations with about N66 billion disbursed to hundreds of small, medium and large scale businesses. This was disclosed at the 57th annual general...

BoI Reduces Interest Rate to Zero Percent for Youths

To boost the multiplier effect of the scheme, the bank has decided to further encourage such young entrepreneurs by administering their loans at zero per cent interest charge effective 1st May, 2017. For youths under the Bank of Industry’s Graduate Entrepreneurship Fund (GEF) programme, access...

BoI’s Profit Rises to N17bn

The Bank of Industry (BoI) has posted an operating profit before tax of N17 billion in 2016, 44 per cent increase, over the N11.9 billion recorded the year before a feat it described as unprecedented in the history of the bank. Its loans and advances...

Nigerian Traders Set for Buhari’s N140b GEEP Fund

The National Association of Nigerian Traders (NANTS) says it is ready to access the N140 billion Federal Government Enterprise Empowerment Programme (GEEP) fund, initiated by the Buhari administration. Mr Ken Ukaoha, the President of NANTS who spoke with the newsmen in Abuja, said that the...

Concerns over interest rates, capacity, as DBN kicks off with N398.45b

With about 70,000 micro, small and medium enterprises seeking various forms of financial intervention to take their businesses to the next level, there are concerns about the ability of the Development Bank of Nigeria (DBN) to meet such demands with its $1.3 billion (N398.45...