The Bank of Industry (BoI) has flagged off the disbursement of N15,000 TraderMoni loans to beneficiaries who paid back their first tranche of N10,000 loans in fulfilment of its promise to do more for diligent and honest beneficiaries. The bank confirmed the take off of the second phase in a statement, saying that the disbursement […]
The Federal Government has flagged off the disbursement of about N400 million to 4,000 rural traders in Plateau State in furtherance of its ongoing funding support tagged ‘Trader Moni’ scheme nationwide. The disbursement of the zero interest and collateral-free loan is being made by the Bank of Industry and GDM Group, through an economic platform called […]
The Federal Government on Sunday announced plans to empower at least two million traders with collateral-free credit between now and the end of the year in furtherance of its grassroots empowerment programmes. The funding support, which is coming under its Government Enterprise and Empowerment Programme (GEEP), called the TraderMoni, aims at further consolidating on the […]
The Bank of Industry, BoI, has secured a $750m facility from 17 financial institutions to fund the Micro, Small and Medium Enterprises (MSMEs) sub-sector of the nation’s economy. The syndicated facility, the signing agreement of which is scheduled to be witnessed by President Muhammadu Buhari today, would be provided by the Africa Export-Import Bank, the […]
The Bank of Industry (BoI) on Thursday disclosed that over 350,000 micro enterprises nationwide had benefitted from the Federal Government’s Enterprise and Empowerment Programme MarketMoni scheme. The Bank’s Executive Director, Toyin Adeniji, gave this hint Thursday at the Kano State’s edition of Micro Small and Medium-Scale Enterprises Clinic. Adeniji said: “GEEP MarketMoni has given people […]
In pursuit of its mandate of providing funding and other capacity building supports to the nation’s industrial entities, the Bank of Industry (BoI), increased its lending to Micro, Small and Medium Enterprises (MSMEs) N29.5 billion last year, up from the N8.2 billion in 2016. This is even as the bank’s disbursement profile also rose significantly […]