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Ecobank and Bank of Industry join forces to drive financial inclusion in Nigeria
21-07-2016 | 10:02:00
Ecobank Nigeria and Bank of Industry Limited have signed a memorandum of understanding to cooperate in deepening financial services delivery to micro, small and medium enterprises in Nigeria.
Nigeria's Bank of Industry’s managed funds hit N44.6 billion
30-06-2016 | 09:38:00
The managed funds under the portfolio of the Bank of Industry (BOI) has hit N44.6 billion as at the end of 2015 financial year.
Bank of Industry Commissions 24KW Off-Grid Solar Power in Kaduna
26-05-2016 | 10:20:00
The Bank of Industry (BoI) has commissioned a 24KW micro-grid solar system in Charwa/Chakun, an off-grid community in Markafi local government area of Kaduna State.
Bank of Industry Restates Financing Support for Local Manufacturers
06-01-2016 | 13:11:00
As Nigeria continues to struggle with the plunge in oil and commodity prices, drop in China's purchases and decline in GDP growth rates across the continent, the Bank of Industry (BoI) has stated that its intervention would be geared towards supporting investments in the nation's real sector rather than importation.
BoI and its Commitment to Sustainable Industrial Growth in SMEs, Agriculture
03-12-2015 | 11:33:00
Raising capital has always been one of the greatest challenges for the growth and sustainability of small, medium and micro-enterprises (SMMEs). With a huge credit gap to unmet by deposit money banks in the country, the Bank of Industry (BoI) has helped in providing cheap funds for all sectors of the economy.
Access to Bank of Industry CAP Fund for Agricultural Product Processing
09-11-2015 | 12:44:00
The fund is targeted at small-and medium-scale industries at the low-technology, labour-intensive end of the spectrum and is expected to finance about 1000 projects at nine percent interest charges, with total management fees of 1%,a tenor of five (5) years with a moratorium of six (6) months.
BoI secures AfDB’s $100m facility for SMEs
22-09-2015 | 11:29:00
The Bank of Industry (BOI) has secured a $100 million line of credit from the African Development Bank (AFDB) to actualise its development financing objectives and intervention, especially for Small and Medium Enterprises (SMEs).
BoI Secures CBN License, Repositions for Service
17-09-2015 | 12:24:00
The Bank of Industry (BOI) has secured Central Bank of Nigeria’s (CBN) license, having met the requirements set by the apex bank for all existing Development Finance Institutions (DFIs).
Nigeria: Accessing BoI’s Agric Processing Fund
11-09-2015 | 10:40:00
Agriculture is the main stay of the Nigerian economy, with agricultural produce abounding in every state of the federation, but with limited capacity for processing and preservation, resulting in huge losses and wastages.
Bank of Industry partners Grow Africa on $60m venture capital fund for SMEs
10-09-2015 | 11:13:00
The Bank of Industry (BoI) has partnered Grow Africa Equity Partners Limited to raise a $60 million Venture Capital Fund for small businesses, as part of its innovative financing scheme and efforts to expand intervention in the industrial sector from loan disbursements.