In an effort to encourage import substitution in areas the country has competitive and comparative advantage, the Bank of Industry (BoI) has renewed its commitment...

The Federal Government has admitted that the only way to deal with the proliferation of illegal artisanal mining in the Niger Delta is by the private-sector-led establishment of modular refineries. This was disclosed by Vice President Yemi Osinbajo at a stakeholders’ and project kick-off meeting on $600 million Ikwe-Onna Modular Refinery in Akwa Ibom State…

Acknowledging the vital role Foreign Direct Investments (FDIs) play in the country’s quest to diversify its economy...

Rating agencies, Fitch Ratings and Agusto&Co have revised the Bank of Industry’s ratings from Aa- to Aa by the latter while Fitch retained the bank’s Long-Term issuer Default Ratings (IDR) of AA+ (nga).

Not less than a million traders have benefitted from the social intervention programme, tradermoni, launched under the Government Enterprise and Empowerment Programme (GEEP). The Executive Director, Bank of Industry (BOI), Toyin Adeniji, said the initiative was geared towards empowering traders to receive financial empowerment to grow their businesses. “The government understands that these traders need…

The Federal Government through the Bank of Industry (BoI) has begun the disbursement of N10,000 to traders in Bayelsa as a micro-credit tagged TraderMoni.

More than a year after the Federal Government announced a Financing Support Fund of N5bn for artisanal and small-scale miners in the country, the African Centre for Leadership Strategy and Development has raised concern that no miner in the country...

No fewer than 10,000 petty traders in Ogun State, yesterday, accessed the Trader Moni collateral free loan of the Federal Government to expand their business activities.

Vice President Yemi Osinbajo yesterday said spending N1 trillion yearly on poor Nigerians was capable of impacting the economy positively.The Federal Government, had through the Bank of Industry (BoI).

About 20,830 Micro, Small and Medium Enterprises (MSMEs) in Kaduna State received N2.8bn from the Bank of Industry (BoI). The bank’s Managing Director, Olukayode Pitan, who disclosed this at the 20th edition of National Micro, Small and Medium Enterprises (MSMEs) Clinic in Kaduna, said the move was part of efforts to boost ailing businesses. The…

The Bank of Industry Limited (BoI), has advocated alignment of town and gown, especially in the real sector, as part of measures to address lingering unemployment challenges in the country. According to the bank, the potential in the nation’s real sector remains largely untapped, thereby limiting job creation efforts. The Bank hinged underdevelopment in the…

Since the return of democracy in 1999, politicians and political office holders have devised many means of wooing or tricking voters whenever elections are near. Call it stomach or pocket infrastructure, call it youth or women empowerment scheme, it is not as realistic or laudable as it sounds.