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.
BoI plans increased lending to food sector for enhanced production
The Bank of Industry (BoI) has concluded plans to increase lending to stakeholders in the food industry, as part of measures to boost food production in the country and help the Federal Government achieve the 3.5 per cent Gross Domestic Product (GDP) target in 2018.
Bank of Industry, others move for healthier SMEs
The Bank of Industry (BoI), Small and Medium Enterprises (SMEs), commercial banks and other financial institutions, yesterday at the Funding Space 2017 business gathering proffered solutions towards financing businesses and organisations.
FG begins disbursement of N5billion loan for miners
Minister of Mines and Steel Development, Dr. Kayode Fayemi disclosed at the signing of MOU with Bank of Industry, BOI, for local miners to access the fund, and integrate them into formal sector.
BoI to sustain intervention for local content development
The Bank of Industry (BOI) has stated that it would sustain its intervention programmes to aid local content development in key sectors of the economy as part of measures to boost job creation and economic growth.