Bank of Industry
FG, BoI begin disbursement of N5b to artisanal miners
The Federal Government in conjunction with the Bank of Industry (BoI) has commenced the disbursement of the N5 billion Artisanal and Small-Scale Miners (ASM) Financing Support Fund established in 2017.
Ladies in Sports ready for LIS Skills Lab
Ladies in Sports (LIS) International in partnership with the International Sports Press Association (AIPS) and the Bank of Industry (BOI) will hold a new programme for women working in the sports industry called the LIS Skills Lab. The organisation explained that LIS Skills Lab is a project that provides training and workshops for women working…
Stakeholders demand better funding for miners
Solid Minerals Development Fund (SMDF) has decried the share of mining and quarrying in total bank credit, saying the sector accounts for an insignificant portion of the private sector credit. According to the organisation, the sector is allocated only N11 billion out of several trillions of naira banks have lent to the private sector. It…
BoI records N39.33b profit, disburses N234b 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.
Agricultural industrialisation agenda: Anchor off-takes 54, 000 broilers from Ogun
Fifty-four thousand broilers have been off-taken by a private company in Ogun State, as part of benefits derived from the state’s agricultural industrialisation programmes.
Dangote, Guinness, Nestle, Nigeria Breweries, among nominees for The Guardian Manufacturing Excellence Awards
The Guardian, Nigeria’s premium and most respected newspaper in collaboration with African Consolidated Analytical Limited, will on March 27, 2020, hold the 2019 edition of the Manufacturing Excellence Roundtable and Awards (MERA)
Delta, BOI partner on zero interest loans for SMES
The DELTA State Government in collaboration with the Bank of Industry is set to offer zero-interest loans to market women and Small and Medium Entrepreneurs, (SMEs) in the state.
Promoting the revival of local industries
Considering the urgent need to diversify the country’s economy, there is no better time than now to promote the non-oil sectors in the country. One vital approach to achieve this would be to revive local industries. This, indeed, are not the best of times for local industries in our country. This is the right time…
‘Nigeria needs N770b yearly investment for real sector’s funding gap’
Vice President Yemi Osinbajo has said that about N770 billion investments would be needed yearly to bridge the financing gap in the country’s real sector.
BOI to disburse N40b in 2019, okays N2b dividend
The Bank of Industry (BOI) is to disburse over N40 billion soft loans to small and medium scale enterprises (SMEs) in 2019, as against the N33.9 billion it gave out last year.
AGF releases N55b to pay promotion arrears, saves N37b from MDAs
Accountant General of the Federation (AGF), Ahmed Idris, yesterday disclosed that he has released N55b to pay arrears of entitlements to promoted Federal Government employees. He said of the amount, N42b has been paid to the affected civil servants, while the balance will soon be paid and reassured of continued payment of promotion arrears owed…