The Bank of Industry (BoI) has begun the disbursement of N15,000 TraderMoni loans to beneficiaries who have successfully paid back their first N10,000 loans. According to the Bank, the disbursement is in response to the increasing beneficiary repayments recorded under the scheme. Through a flexible weekly loan repayment plan of N430 per week paid over…

The Bank of Industry (BOI) and All On have signed a N1 billion partnership agreement to finance the Niger Delta Off-Grid Energy Fund in a bid to enhance access to clean, affordable and reliable power solutions. Managing Director, BoI, Olukayode Pitan, during the ceremony in Lagos, said the partnership was a result of the bank’s…

The Bank of Industry (BoI), has debunked allegations that the TraderMoni was being used to buy votes from beneficiaries, adding that many of the people who accessed the scheme are already repaying the loans.

The Bank of Industry (BoI), has said that over 8,000 Micro, Small & Medium Enterprises in Ekiti State have so far benefitted from the Federal Government’s ‘Marketmoni’ empowerment scheme. The bank also put the number of beneficiaries of ‘Tradermoni’ in the State at over 20,000. Both schemes are the two components of the Government Enterprise…

Vice President Yemi Osinbajo, has said Micro, Small, Medium Enterprises (MSMEs), are the most important business component for economic growth and there should be supported for growth, Osinbajo said this at the weekend while launching the MSME clinic in Minna, Niger. “The MSME clinic is a response to the fact that we recognise that MSMEs…

The Bank of Industry (BoI) has called on investors from Dubai to take advantage of investment opportunities in Nigeria.Indeed, the Development Finance Institution ....

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.