Tag Archives: BOI

The Ebonyi Government has urged civil servants in its payroll to key into the N2bn loan scheme being operated by the government and Bank of Industry to improve their standard of living. The Chairman of the 15-man committee inaugurated by the state government to work out the modalities for the loan disbursement, Mr Pius Eze, made the call on Thursday …

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Nominee Chairman of the Federal Road Maintenance Agency (FERMA), Dr. Tunde Lemo has advised Nigerians to take their destinies in their hands and mind the process producing leaders in the country. Lemo, former Deputy Governor of the Central Bank of Nigeria (CBN) gave this charge at the 70th anniversary of Nigeria’s foremost tertiary institution; the Yaba College of Technology in …

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The Managing Director, Bank of Industry, Mr. Olukayode Pitan, says the bank has provided a total of N24 billion to industrialists in Kano State. He gave the figure on Sunday in Abuja during a meeting with the Kano State Governor, Abdullahi Ganduje. He stated that that the bank through the disbursement of the funds had generated about 96,000 direct and …

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The Bank of Industry (BoI) has unveiled an interest-free loan for women artisans, market women and small holder farmers under the National Women Empowerment Fund (NAWEF) intervention scheme by the Federal Government. According to the bank. NAWEF is an aspect of the Federal Government’s Social Investment (Intervention) Programme which is designed exclusively for women and administered by BoI to issue …

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The Bank of Industry (BoI) has partnered with the National Agency for Food Drugs Administration and Control (NAFDAC) to boost local production of regulated goods and services in the country with the funding of an Agilent High Performance Liquid Chromatography (HPLC) equipment to check counterfeiting. The acting Managing Director, BoI, Waheed Olagunju, explained that the partnership is in line with …

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For youths under the Bank of Industry’s Graduate Entrepreneurship Fund (GEF) programme, access to loans will henceforth be at zero per cent interest charge from the initial nine per cent, thus requiring only the repayment of the principal amounts in a bid to enhance business creation and sustainability. According to the Bank, the GEF scheme being implemented by the Bank …

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Olabode Adaramola The Bank of Industry has been commended for contributing immensely to the Agricultural policy of the Federal Government by giving out loans to farmers at. a single digit interest rate to Nigerians who are into Agriculture business and farmers alike. The Chairman, Tractors Owners Association of Nigeria, Niger State chapter, Hon. Bala Adamu Kuta, gave the commendation in …

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The Bank of Industry has said itsloan exposure to enterprises owned and promoted by women has hit N13bn, notingthat plans are underway to improve access of related businesses todevelopmental financing. It said this in astatement, adding that this was in furtherance of efforts to support thediversification programme of the Federal Government and create employmentthrough empowerment of women entrepreneurs The statement …

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GLOBAL rating agency, Fitch, Wednesday, revised Bank of Industry’s (BOI) Outlook to Negative from Stable, due to the health of the country’s economy. Fitch, however, reaffirmed the bank’s  National long-term rating  at AA+, as well as its Long-Term Issuer Default Rating (IDR) at ‘B+’. Reacting, Mr. Waheed Olagunju, Acting Managing Director of BoI, said   the reaffirmation of the bank’s National …

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As part of its Green Energy Project, the Bank of Industry at the weekend in Lagos launched its 1 billion naira solar energy fund to boost its off-grid electricity generation project. The fund would be made available to firms partnering with the bank in the development of solar energy services across the country. Addressing stakeholders at the event, acting managing …

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