BoI, All On seal N1billion pact on off-grid energy to Niger Delta region
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…
BoI rallies Dubai investors on bilateral investment opportunities
The Bank of Industry (BoI) has called on investors from Dubai to take advantage of investment opportunities in Nigeria.Indeed, the Development Finance Institution ....
BoI restates commitment to deepen finance to real sector
The Bank of Industry (BoI) has reaffirmed its commitment to increase developmental financing to the real sector toward enhancing capacities to drive optimal economic growth.Mr Olukayode Pitan, Managing Director of BoI made the pledge during the facility tour of Proforce Ltd., on Saturday at Ode-Remo, Ogun State.
‘BoI committed to attracting cheap funds for industrialisation, developing linkages’
Acknowledging the vital role Foreign Direct Investments (FDIs) play in the country’s quest to diversify its economy...
BoI, CEXIM seal $500m pact for refineries, gas recovery
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.
SMEs to benefit from $750m single digit loan
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.
BoI, Ebonyi unveil N4bn agric fund for civil servants
The Bank of Industry (BoI) and Ebonyi State government have unveiled another N4 billion matching funds to improve agricultural activities embarked upon by workers in the state.
Why contract performance is poor in Nigeria, by experts
Poor monitoring, corruption, inconsistent government policies and political interference among others have been identified as some of the reasons why contract objectives are sometimes not achieved in Nigeria.