About 20,830 Micro, Small and Medium Enterprises (MSMEs) in Kaduna State received N2.8bn from the Bank of Industry (BoI). The bank’s Managing Director, Olukayode Pitan, who disclosed this at the 20th edition of National Micro, Small and Medium Enterprises (MSMEs) Clinic in Kaduna, said the move was part of efforts to boost ailing businesses. The […] …
Tag: BOI
FG, BoI disburse N20b facility to traders
BoI secures $750m facility for MSMEs financing
Ifeanyi Onuba, Abuja The Bank of Industry has secured a $750m facility from 17 financial institutions to fund the Micro, Small and Medium Enterprises sector of the economy. The syndicated facility would be given by 17 banks to the BoI to catalyse its funding of MSMEs in Nigeria. Some of the banks that would provide […] …
BoI, Ebonyi roll out N4bn agric fund for civil servants
The Bank of Industry (BoI) and the Ebonyi State Government are to collaborate in a N4 billion matching funds to enhance the fortunes of civil servants in the state through agricultural activities. A statement from the bank on Sunday in Lagos disclosed that the agro-based fund was coming on the heels of a N4 billion […] …
BoI gets fresh N305bn to finance industrialists
Ifeanyi Onuba, Abuja A total of $1bn (N305bn) 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. […] …
BoI grants N1.5bn direct funding to 28 businesses
Ifeanyi Onuba, Abuja 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. Benue State and BoI had last year signed a pact on the N2bn matching fund to boost the entrepreneurial potential of people in the […] …
BoI disburses N362m to 75 MSMEs in Benue
The Bank of Industry (BoI) has presented N362 million cheque to the first batch of beneficiaries of the N2billion-Micro Small and Medium Enterprises (MSMEs) development fund in Benue State. It has also granted N1.5billion direct funding to 28 businesses. Benue State and the Development Finance Institution (DFI) had last year signed a pact on theRead More
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