Following complaints in some quarters over tough conditions for accessing the $200 million Nigerian Content Intervention Fund (NCI Fund) by qualified oil and gas service companies...

The Federal Government has begun disbursement of over N20 billion credit facility to boost the financial base of petty traders nationwide.The exercise, which kicked off last week in Utako, Abuja before moving to Osun State, was led by Vice President Yemi Osibanjo...

The Bank of Industry (BoI), and the Export-Import Bank of China (CEXIM), have signed a Memorandum of Understanding (MoU), to provide a credit line of up to $500 million towards the establishment of modular refineries, and Flare Gas Recovery Programmes in the country.

The Bank of Industry (BoI) has debunked claims that access to its TraderMoni loan initiative requires political affiliations or Permanent Voter’s Card (PVC).     According to BoI, the only requirement to be a beneficiary is being a Nigerian and petty trader.      “We enjoin all well-meaning Nigerians to join us at these activation events, or…

The African Development Bank (AfDB), Nigerian Export-Import Bank (NEXIM) and Bank of Industry (BoI) are identifying with a convention of small and medium-size enterprises (SMEs) holding in Lagos. Convened by the African Sustainable SME Export Trade Solutions, the programme has collaborators in Institute Of Packaging Nigeria; Connect Nigeria; Pact Universal; Atlantic Exhibition; BellAfricana, and 3T…

Nigeri's leading development finance institution, the Bank of Industry, is on the threshold of becoming a veritable game changer and growth catalyst for micro, small and medium enterprises, MSME, across the country.

For adhering strictly to Quality Management System (QMS) principles in delivering top class financial and advisory services ‎in the country, the Bank of Industry (BoI), has been re-certified to be ISO 9001:2015 QMS-compliant by the certification agency. This ISO 9001:2015 QMS re-certification provides the Development Finance Institution (DFI) with a world class platform to drive…

Top Nigerian lender, Fidelity Bank Plc, in strategic partnership with the Bank of Industry (BoI), has launched the Aba Finished Leather Goods Cluster Financing Programme, as part of continuous efforts to promote Made-in-Nigeria goods capable of meeting global standards for export and local consumption.

To improve capacity of operators in the leather products manufacturing sector and intensify import substitution, especially those in Aba cluster, the Bank of Industry (BoI), has unveiled the Aba Finished Leather Goods Cluster Financing programme, targeted at over 150,000 artisans in the cluster. According to the bank, the financing programme which will see beneficiaries accessing…

Promasidor Nigeria Limited has secured a N5.6 billion credit from the Bank of Industry (BoI) to support its aggressive expansion programmes.   The company’s Finance Director, Per Kristensen, said the facility would be used for additional machinery, factory expansion and value chain development, which would create jobs for Nigerians and increase the company’s capacity to…

The Central Bank of Nigeria (CBN) has emphasized the need to increase credit culture in order to record significant improvement in area of financial inclusion for Small and Medium Enterprises (SMEs). The Senior Manager, Development Finance Department of CBN, Chinedu Zephaniah, who spoke at a workshop organised by Bankers’ Committee on funding Nigeria SMEs, said…

The Managing Director, Bank of Industry (BOI), Mr. Olukayode Pitan has said the $750m loan facility received by the BOI would be disbursed to Micro, Small and Medium Enterprises at single digit interest rate.