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 […]
The Bank of Industry (BoI), under the auspices of Federal Ministry of Industry, Trade and Investment in conjunction with international partners, has concluded a $1 billion syndicated term loan deal to support Small and Medium Scale Enterprises (MSMEs) in the country. The Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo, gave this hint at […]
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 […]
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 Bank of Industry (BoI), and the Export-Import Bank of China (CEXIM), have signed a Memorandum of Understanding (MoU), to provide a $500 million credit line for the establishment of modular refineries, and Flare Gas Recovery Programmes in the country. Speaking at the signing ceremony in Beijing, BoI’s Managing Director, Olukayode Pitan, emphasized the job […]
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 […]