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How MSMEs can access interest free loan from Marketmoni

The Federal Government recently said that, working with over 4,000 agents, it has disbursed Trademoni to the tune of N12 billion to over 1.5 million Nigerians in over 2,600 markets and clusters across the 36 states and the FCT. According to the Executive Director, Micro Enterprises , Bank of Industry (BoI), Mrs. Toyin Adeniji, about […]

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Boi Appoints Omar Shekarau As Executive Director, Sme

BoI appoints Omar Shekarau as Executive Director, SME

The Bank of Industry has announced the appointment of Mr Omar Shekarau as the Executive Director, Small and Medium Enterprises (SME). This followed the retirement of Dr. Waheed Olagunju from the bank. Shekarau, a graduate of ABU, Zaria, until his appointment, was the General Manager, SME North and later General Manager, Large Enterprises. He is […]

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Osinbajo at Nyanya market TraderMoni

BoI says, PVC is not a requirement for TraderMoni

The Bank of Industry (BoI) has debunked claims in some quarters that possession of a Permanent Voters Card (PVC) is one of the requirements for benefitting from the TraderMoni loan scheme. TraderMoni is a micro credit loan scheme for petty traders managed by BoI under the Government Enterprise and Empowerment Programme (GEEP), one the social […]

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BoI, States disburse ₦20 billion to SMES in one year

The Managing Director of Bank of Industry (BoI), Olukayode Pitan, has disclosed that the partnership between the Bank and some state governments have enhanced lending to small and medium sized enterprises (SMEs) across the country to the tune of over ₦20 billion in 2018. Speaking with THISDAY in an interview in Cairo, Egypt, Pitan stated […]

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BoI disburses ₦171 billion to manufacturers, others in 9-month

Between January and September this year, a total of ₦171 billion was disbursed by the Bank of Industry as loans to various sectors of the economy. The amount represents an increase of ₦90 billion over the ₦81 billion, which the bank gave out as loans under its intervention programmes to various sectors of the economy […]

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BoI disburses ₦2.8 billion to MSMEs in Kaduna

The Managing Director/Chief Executive, Bank of Industry (BoI), Mr. Olukayode Pitan yesterday disclosed that the sum of ₦2.8 billion had been disbursed to entrepreneurs in Kaduna State. He said over 280 small and medium scale enterprises (SMEs) and 20,550 MSMEs benefited from the intervention in the state. Speaking at the 20th edition of National Micro, […]

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BoI offers $1.5 billion to manufacturers, others

Bank of Industry (BoI) has offered $1.5 billion to manufacturers, its Managing Director Bol, Kayode Pitan has said. He stated this at an event organised by the Manufacturers Association of Nigeria (MAN) in Lagos. Speaking on “Mainstreaming policies to catalyse industrial renaissance”, he said the funds – $750 million from international banks and N800 million […]

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BoI secures $500 million facility for modular refineries

The Bank of Industry has signed a memorandum of understanding with the Export-Import Bank of China for the provision of a $500 million facility towards the establishment of modular refineries in Nigeria. The establishment of modular refineries is part of the Federal Government’s plan to end importation of petroleum products and to discourage illegal bunkering […]

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BoI acquires $750 million facility to finance MSMEs

The Bank of Industry has secured a $750 million facility from 17 financial institutions to fund the Micro, Small and Medium Enterprises sector of the economy. The syndicated facility will be given by the 17 banks to the BoI to boost its funding of MSMEs in the country. Some of the lenders that will provide […]

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BOI set to support fashion entrepreneurs with ₦1 billion

The Bank of Industry (BoI) says it has set aside ₦1 billion to support fashion entrepreneurs in Nigeria. According to the bank, interested parties must be involved in the production and marketing of fashion items like clothes, handbags, shoes, jewellery and other fashion accessories. The bank also said it will support ‘initiatives that can improve […]

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BoI raise fresh ₦305 billion to finance industrial sector

A total of $1bn (₦305 billion) has been raised by the Bank of Industry to finance the industrial sector of the economy in the 2018 fiscal period. The amount is expected to be deployed in key sectors of the economy such as Information Technology, manufacturing, and Micro, Small and Medium-scale Enterprises, among others. The Managing […]

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BOI tasks women entrepreneurs to employ more people

The Bank of Industry, BOI, has challenged women entrepreneurs in the country to take advantage of its funding windows to improve their businesses and create more employment. The General Manager, BOI, Joseph Babatunde made the call during the bank’s gender business group customers’ forum held in Lagos. He noted that there are lots of issues […]

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