The Central Bank of Nigeria (CBN) has announced plans to recapitalise and restructure development finance institutions (DFIs) to address a widening funding gap for micro, small and medium enterprises (MSMEs).
The Federal Government has earmarked ₦11.76 billion in 2026 to support Micro, Small, and Medium Enterprises (MSMEs) and industrial revitalisation, according to allocations in the Appropriations Bill.
BOI Hits Historic ₦636bn Disbursement Milestone in 2025
The Bank of Industry (BoI) has recorded its highest-ever annual financing performance, disbursing ₦636 billion to more than 7,000 businesses across Nigeria in 2025, reinforcing its position as the country’s leading development finance institution and a major...
Bank of Industry (BoI) has reiterated its commitment to improving access to affordable financing for the Micro Small and Medium Enterprises (MSMEs) by the continuous disbursement of the N75 billion intervention fund aimed at empowering MSMEs, creating over 75,000 direct jobs and 150,000 indirect jobs nationwide.
