BoI records N35.54b profit, assets hit N1.86 trillion
The Bank of Industry (BoI) says it recorded a profit after tax of N35.54 billion for the financial year ended Dec. 31, 2020, as its total assets hit N1.86 trillion.
Operators to leverage $500b equipment financing to check gas flaring
To check gas flaring in the country, operators in the gas industry have been asked to leverage a $500 billion funding arrangement between the Bank of Industry (BoI)
Senate wants FG’s dividend share in BOI Industry increased to 20 percent
The Senate has urged the Bank of Industry (BOI) to increase the percentage of dividends accruing to the Federal Government, even after it had paid an N8.2 billion dividend to the Central Bank of Nigeria (CBN) and the Federal Ministry of Finance, between 2014 and 2019.
Reps task BoI on support to industries for local raw material sourcing
Worried by the huge foreign exchange spent on importation of raw materials, the House of Representatives Committee on Industry, has charged the Bank of Industry to support genuine industrial firms that are willing to develop......
National economy to ‘slowly’ recover from COVID-19, says BOI
The Bank of Industry (BOI) has predicted that the economy would ‘slowly’ recover from the adverse impact of the COVID-19 pandemic.
Nigeria's economy will "slowly" recover from pandemic impacts, says BOI
Nigeria's Bank of Industry (BOI) has said it believes the economy will slowly recover from the effects of the coronavirus pandemic. "The economy will recover and as it recovers from the effect of the pandemic, I do see a period of some growth," Toyin Adeniji, Executive Director of the BOI said in a chat with…
Government disburses N1.13bn to 11,636 artisans, employees under survival scheme
The Federal Government has disbursed N1.13 billion to 11,636 individuals under the MSME survival fund/payroll support scheme in Akwa Ibom state.
‘I started small, Bank Of Industry lifted me’
Well, the reason I decided to manufacture vehicles locally was that I look at the African situation on new vehicles. It appears Africans may not be able to own brand new vehicles
Experts raise fresh concerns over threats of GMOs in crops
Task FG, CBN, BOI On Local Farmers Empowerment Despite the benefits attributed to Genetically Modified Organisms (GMOs) in agriculture and food production, experts have raised fresh concern on its effect on human health and the environment. GMO is a system of recombining DNA technology or transferring engineered genes into an animal or plant or using…
Freight forwarders, customs agents bemoan non-inclusion in FG’s intervention funds
Freight forwarders, customs agents and supply chain practitioners in the maritime industry have lamented their non-inclusion in Federal Government’s economic intervention funds through the Central Bank of Nigeria (CBN) and Bank of Industry (BoI) to sustain private sector businesses.