BoI Group assets hit N2.38trn
By David Awoyemi The Bank of Industry Group (BoI) has said it’s total asset rose by 39.2 per cent to N2.38tn as of the end of 2022 financial period. The statement reads in part, that the growth was achieved following…
BoI
NCDMB, BoI launch US$50m fund for oil industry manufacturing
The Nigerian Content Development and Monitoring Board (NCDMB) and Bank of Industry on Wednesday in Lagos launched a $US50 million dollars fund for NOGAPS Manufacturing Product Line. The fund is to incentivise companies that would operate in the Nigerian Oil…
NCDMB, BoI partner on oil, gas park fund scheme
The Nigerian Content Development and Monitoring Board (NCDMB) has brokered a partnership with the Bank of Industry (BoI) for industrial parks fund to encourage in-country manufacturing across the oil and gas value chain. Executive Secretary, NCDMB, Mr Simbi Wabote, during…
BoI reaffirms commitment to women-led businesses
The Bank of Industry (BoI) has reaffirmed its commitment to women-led businesses for enhanced economic growth and development. Managing Director, BoI, Mr Olukayode Pitan, said this at the bank’s International Women’s Day (IWD) Conference 2023 with the theme: “Embrace Equity,”…
BOI partners States on disbursement of NG-CARES MSME grants
The Bank of Industry (BOI) says it has so far received over one million applications for the Nigeria COVID-19 Action Recovery and Economic Stimulus Programme (NG-CARES) MSME grants. The bank said this in a statement on Friday in Lagos to…
BoI, LBS reiterates support for entrepreneurship development in Nigeria
The Bank of Industry (BoI) and the Lagos Business School (LBS) have reiterated the commitment of both institutions to developing the capacities of Micro, Small and Medium Enterprises (MSME) in the country. Dean, Lagos Business School, Prof. Chris Ogbechie, made…
BoI, FDA sign £100m credit facility to tackle climate change
The Bank of Industry (BoI) on Tuesday signed an agreement worth 100 million Euros with the French Development Agency (FDA) for the expansion of green finance in Nigeria to tackle climate change. Managing Director, BoI, Mr Olukayode Pitan, said at…
MSMEs financing: BOI concludes another EUR1bn landmark transaction
…Disburses over N1.2trn to 4.2million enterprises for 9,048million jobs The Bank of Industry (BOI) has announced the successful completion of a landmark EURO 1 billion Guaranteed Senior Loan facility and disbursed over over N1.2trn to 4.2million enterprises to create over …
BOI disburses over N1.2trn to Nigerians in seven years
The Bank of Industry (BOI) has said that over N1.2 trillion has been disbursed to 4,205,920 enterprises with the support of its various stakeholders, creating over 9,048,444 million estimated direct and indirect jobs. In a statement made available to Nigerian…
NGX, BOI collaborate to deepen capital market in Nigeria for inclusive growth
Nigerian Exchange Limited (“NGX”) and Bank of Industry (“BOI”) have signed a Memorandum of Understanding (MoU) to deepen capital market reach, build the capacity of stakeholders through financial literacy programs, facilitate market advocacy initiatives and promote listings. The announcement was…