Tag: BoI
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BOI disburses N22.89bn to 29 manufacturers
The Bank of Industry (BOI) says it has disbursed N22.89 billion out of the N75 billion manufacturing sector intervention fund to 29 manufacturers.
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BoI to support MSME with N120bn after raising $5bn
Managing Director of Bank of Industry (BoI), Mr Olasupo Olusi, says the bank has raised over $5 billion from the international capital markets through Eurobonds, loan syndications, and green finance instruments since 2017.
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After TNG Editor’s proposal, FG to start granting loans to media orgs
Media Organizations will have access to single-digit interest loans through the Bank of Industry (BOI) according to reports emanating from the Federal Government.
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BREAKING: Tinubu appoints Olasupo Olusi new MD of BOI
President Bola Tinubu has approved the appointment of Dr. Olasupo Olusi to serve as the Managing Director and Chief Executive Officer of the Bank of Industry (BOI) for a term of four (4) years in the first instance.
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MRA Inducts BoI into ‘FOI Hall of Shame’ for Shrouding its Operations in Secrecy, Violating FOI Act
Media Rights Agenda (MRA) today inducted the Bank of Industry (BoI) into its Freedom of Information (FOI) Hall of Shame over the institution’s preference for shrouding its operations in secrecy while completely disregarding its duties and obligations under the FOI Act, 2011. In a statement released in Lagos today, Mr. Idowu Adewale, MRA’s Programme Officer,…
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Promasidor secures N5.6b BoI loan for expansion
Promasidor Nigeria Limited (PNL), has secured a N5.6 billion credit from the Bank of Industry (BoI) to support its aggressive expansion programmes. PNL Finance Director, Mr Per Kristensen, said the facility would be used for additional machinery, factory expansion and value chain development, which would create jobs for Nigerians and increase the company’s capacity to…
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BoI approves N1.5bn direct funding to 28 businesses in Benue
The Bank of Industry on Wednesday presented N362m cheque to the first batch of the beneficiaries of the N2bn-Micro, Small and Medium-scale Enterprises, Development Fund in Benue State. Recall that the Benue State Government and the BoI had last year signed a pact on the N2bn matching fund to boost the entrepreneurial potential of people…
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BOI commits N20bn to SMIs expansion in Oyo
The Bank of Industry (BOI) has disbursed N18bn, out of the N20bn intervention fund meant to enhance the expansion of the small and medium-scale industries in Oyo State. The Managing Director, BOI, Mr. Olukayode Pitan, disclosed this when he led the management team on a courtesy visit to the Oyo State Governor, Senator Abiola Ajimobi,…
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Ebonyi, BOI float N2bn loans for civil servants
The Ebonyi State Government has urged civil servants in its payroll to key into the N2 billion loan scheme being operated by the government and Bank of Industry to improve their standard of living. Mr Pius Eze, Chairman of the 15-man committee inaugurated by the state government to work out the modalities for the loan…
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We’ve commenced process of recovering 11bn loan – BoI tells Reps
The Bank of Industry (BoI) has said that the N11b owed it by 53 debtors will be fully recovered irrespective of litigation by some of the debtors. The Managing Director of the Bank, Olukayode Pitan said the recovery drive has already begun. The House of Representatives has however requested the Bank to furnish it with…