The Central Bank of Nigeria (CBN) has reported that Electricity Distribution Companies (DisCos) spend N273.3 billion in seven years to provide 414,000 prepaid meters to electricity consumers in the country. The latest report from the apex bank on development finance interventions between 2015 and 2022, indicated that the DisCos spent an average of N670,000 for […]
The Federal Government in collaboration with International philanthropic organisations have partnered to raise $200 million to support the nation’s Micro, Small and Medium Enterprises (MSMEs) with the attendant positive potential for job creation in the country. The Senior Special Assistant to the President on MSMEs and Job Creation in the Office of the Vice President, […]
The Federal Government, in collaboration with key MSME-focused agencies and development finance institutions, has unveiled plans to introduce some interventions targeted at 1.3 million MSMEs in 17 states and the Federal Capital Territory (FCTI in its drive towards job creation and improving the performance of the non-oil sector of the economy. The proposed initiative, which […]
The Bank of Industry (BOI) on Friday updated the public on the implementation and disbursement of grants under the Nigeria COVID-19 Action Recovery and Economic Stimulus Programme (NG-CARES). The bank stated that the clarification became imperative in view of the numerous public enquiries on the NG-CARES as they related to eligibility criteria and processing of […]
The Nigerian Exchange Limited (“NGX”) and Bank of Industry (“BOI”) have signed a Memorandum of Understanding (MoU) to deepen the nation’s capital market penetration, build the capacity of stakeholders through financial literacy programmes, and facilitate market advocacy initiatives and promote listings, amongst other benefits to the economy. The sealing of the pact was done by […]
The Bank of Industry (BOI) and the Institute of Chartered Accountants of Nigeria (ICAN) on Tuesday inaugurated an ‘ICAN-BOI Tech Hub’ as a collaborative initiative to promote job creation, entrepreneurship and skill development for Nigerians in the technology space. Speaking at the inauguration event in Lagos, Managing Director of the development finance bank, Mr. Olukayode […]
The Minister of State for Industry, Trade and Investment, Ambassador Mariam Katagum, has assured Federal Government’s commitment to providing a conducive environment for women in business in the country. The Minister gave this assurance in her keynote address at the virtual launch of the Ebi Market Place, the first indigenous E-Commerce Market place platform for […]
Edo State Government and the Bank of Industry (BOI) have unveiled a Micro Small and Medium Enterprise (MSME) development fund worth N2bn to support entrepreneurs in the state. The fund was launched during a citizens’ engagement session organized by the Edo State Skills Development Agency, also known as EdoJobs, held at the Government House, in […]
Unity Bank, Silver Plastics, Bank of Industry (BoI) have challenged the taxes imposed on them by the revenue services in the North-West Zone at Tax Appeal Tribunal (TAT), sitting in Kaduna over alleged errors in the computation of their tax liabilities. Some of the corporate tax payers within the North West Zone, comprising the states […]
Jaiz Bank Plc on Tuesday confirmed that it secured a N3 billion financing facility from the Bank of Industry (BOI) to support its lending to Small and Medium Enterprises (MSMEs) in the country The Managing Director of the bank, Hassan Usman, who disclosed this in Abuja said that assured that the fund would be disbursed […]