Tag: BoI
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BoI, LCCI partner on MSMEs development
The Bank of Industry (BoI) has reaffirmed its commitment to the development of the Micro, Small and Medium Enterprises (MSMEs) sector in enhancing sustainable economic growth. The acting Managing Director of BoI, Mr Waheed Olagunju, said in Lagos on Tuesday during a MSMEs forum that significant attention should be given to MSMEs to enhance their…
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BoI launches N1bn solar energy fund for MSMEs
The Bank of Industry (BoI) on Friday launched a N1 billion solar energy fund for use by Micro, Small and Medium Enterprises (MSMEs) across the country. The intervention fund aims at providing alternative and renewable energy for small businesses. Mr Waheed Olagunju, the Acting Managing Director of BoI, said at the ceremony that renewable energy…
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BoI to finance only NAFDAC certified products
The Bank of Industry (BoI) on Friday said that it would not finance products not certified by the National Agency for Food and Drug Administration and Control (NAFDAC). The Acting Managing-Director of the bank, Mr Waheed Olagunju, made this known in Lagos during the signing of a Memorandum of Understanding (MoU) between the bank and…
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BoI disburses N3.1bn to 14 microfinance banks -MD
The Bank of Industry (BoI) says it disbursed N3.1 billion to 14 microfinance banks under its Bottom of Pyramid (BOP) scheme. The scheme is among others designed to enhance the financial inclusion of micro entrepreneurs in the country. Mr Waheed Olagunju, the Acting Managing Director of the bank, made the disclosure at the presentation of…
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Adeosun, Emefiele back Senate’s proposed scrapping of BoI
…as BoI kicks The Minister of Finance, Mrs. Kemi Adeosun and the Governor, Central Bank of Nigeria, CBN, Mr. Godwin Emefiele have thrown their weights behind calls in some quarters especially the National Assembly to scrap the Bank of Industry (BoI) to be replaced with a National Development Bank (NDB). However, in a swift reaction,…