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...

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...

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...

Small indigenous operators in the mining industry will benefit from the N30bn Mining Intervention Fund approved by the Federal Executive Council, the Minister of Mines and Steel Development, Dr. Kayode Fayemi, has said. Fayemi said this while inspecting quarrying facilities at CIBI Nigeria Limited’s quarry...

Over 96 percent of loans issued by the Bank of Industry have been performing, the Acting Managing Director of the bank, Waheed Olagunju, has said. Speaking at the House of Representatives panel on the operations of the Development Finance Institutions (DFIs), he said the bank’s...

The Bank of Industry has kicked against the current move by the Senate to scrap it and establish the National Development Bank in its place. The Acting Managing Director, BoI, Mr. Waheed Olagunju, made this known at a public hearing organised by the Senate Committee...