BoI
3 Jan
Although 2024 was marked by significant economic and social challenges, the Bank of Industry (BOI) defied the odds and ended the year on a high note, achieving a remarkable milestone that has set a new standard for development financing in Africa.
20 Dec
The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) and the Bank of Industry (BoI) have signed a memorandum of understanding (MoU) for the disbursement of a N75 billion intervention fund
16 Dec
The Bank of Industry (BOI) has raised nearly €2 billion, equivalent to ₦3.4 trillion, in 2024 from global institutions. This contributed significantly to an increase in the bank’s total assets from ₦3.9 trillion in December 2023 to ₦6.38 trillion by the end of September 2024, giving Nigerian businesses access to affordable (9-14%), long-term capital and…
30 Nov
No fewer than 2,500 small scale business owners have accessed the N50,000 Federal Government’s loan scheme in Sokoto state. Hajiya Habiba Sambawa, the Manager of Bank of Industry (BOI) in-charge of Sokoto, Kebbi and Zamfara States, disclosed this at a town hall meeting organized on Friday in Sokoto. Sambawa said the support was part of…
25 Nov
The Bank of Industry (BoI) said it had disbursed about N107 billion to over 1.5 million small and medium-scale enterprises (SMEs), a figure it originally hoped to cover this year.
6 Nov
The Kaduna State Governor, Uba Sani, has assured Nigerians that President Bola Ahmed Tinubu is determined to wipe out poverty in Nigeria. He said this is reflected as the Bank of Industry (BOI) disbursed grants and loans to citizens to boost their businesses under the Micro, Small, and Medium Enterprises (MSMEs). Sani spoke at a…
6 Nov
The Federal Government, through the Bank of Industry (BoI), is to disburse N1 billion loan to boost Micro, Small and Medium Enterprises (MSMEs) across the 20 local council areas of Bauchi State.
5 Nov
The federal government, through the Bank of Industry (BOI), has set up a ₦75bn intervention loan for Micro, Small, and Medium Enterprises (MSMEs) in the country. BOI said the intervention loan is aimed at assisting the cost of production for 75,000 MSMEs in Nigeria. BOI Manager in Enugu State, Mrs Anulika Akabogu, stated this on…
4 Nov
The Managing Director and Chief Executive Officer of the Bank of Industry (BOI), Dr Olasupo Olusi, has advocated for a curriculum review across Nigerian universities to align with current global demands and foster practical skills among graduates. Dr. Olusi made this appeal during the 10th special convention of the Ekiti State University Alumni Association held…
9 Oct
Katsina State Government said it will disburse N2billion to victims affected by flood in some parts of the state. The governor Dikko Radda made this known on Tuesday evening during the launch of the second phase for the distribution of 3,850 bags of 25kg of rice to vulnerable groups. The rice was donated to the…
3 Oct
The Federal Government has commenced the distribution of food relief donations by the United Arab Emirates (UAE), and 18, 653 bags of rice from the Bank of Industry (BOI), to flood victims in 16 states. Flagging off the distribution yesterday in Abuja, Director General of the National Emergency Management Agency (NEMA), Zubaida Umar, said that…
30 Sep
The National President of the Practitioners of Content Creating, Skit-making, and Influencers Guild of Nigeria (PCCSIGN), Michael Obinna Nwabufo, has implored content creators to apply for Federal Government support funds to promote their passion.
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Retired staff members of Lagos State University of Education (LASUED), Ijanikin Campus, under the umbrella of the LASUED Association of Pensioners, have called on Governor Babajide Sanwo-Olu to intervene
6 mins ago
Lagos State House of Assembly has laid bare the reasons behind the dramatic impeachment of its Speaker, Mudashiru Obasa, in a move that sent shockwaves through the state’s political landscape.
57 mins ago
Elder statesman Chief Edwin Clark has urged the immediate suspension and reform of the Nigerian Governors’ Forum (NGF), accusing the body of undermining democracy and constitutional governance.
1 hour ago
Global economic growth is projected to remain at 2.8 per cent in 2025, unchanged from 2024 expectations, the World Economic Situation and Prospects (WESP) 2025, has said.
1 hour ago
The controversy elicited recently by the construction of 40 units of residential apartments for Judges of the Federal Capital Territory (FCT) High Court, Federal High Court and The Court of Appeal in Abuja underscores the expectations for a truly independent judiciary unencumbered by any constraint or compromise.
1 hour ago
The persistent sit-at-home order in the south-east, coupled with growing internally displaced persons (IDPs), is pushing more women into poverty and making access to markets increasingly impossible.
1 hour ago
Nigeria can save at least N27.21 billion from the allocation for the State House Headquarters alone in the proposed 2025 budget, Citizens Wealth Platform (CWP), a platform of non-governmental and faith-based organisations, has said.
1 hour ago
A report expects full deregulation of the downstream sector to trigger new competition, force down the price of premium motor spirit (PMS) and increase supply this year.
1 hour ago
The Chief of Defence Staff (CDS), Gen Christopher Musa, has explained that the military follows strict protocols before executing any airstrike across the various theatres of operations.