BOINigeria, AllOnEnergy avail N1bn facility to energy companies in Niger Delta

“THE fund would provide local currency debt to facilitate the deployment of energy solutions by access -to – energy companies in the Niger Delta at 10 per cent interest rate per annum, with a one – year moratorium, and seven years tenor.” Mr Olukayode Pitan, Managing Director, Bank of Industry (BOI) , said during a […]

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BOI to spend N22bn on Women in Manufacturing, Entrepreneurships

By Gilbert Ekugbe “WE are looking at ways to support businesses promoted by women, businesses owned by women, businesses led by women in terms of management or businesses that generate huge employment for women. Going forward in 2018, we have budgeted N22 billion by way of disbursement to drive women entrepreneurship which would represent a […]

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What House Committee on Industry tells BOI

By Gilbert Ekugbe “The Bank of Industry, BOI has a crucial role to play in revamping industries that have gone moribund as a result of inadequate funding to carry out their operations.” This statement was made by Abubakar Moriki, House Committee Chairman, on Industry, Trade and Investment during an oversight function to some of the […]

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BOI expends N18bn industrializing Oyo State -MD

By Gilbert Ekugbe “THE Bank of Industry (BOI)’s disbursement to support entrepreneurship development in Oyo State has hit N18 billion out of the N20 billion earmarked to support industrialisation in the State.” Olukayode Pitan, the bank’s Managing Director/CEO, disclosed this during a courtesy visit by the BOI management team led by Pitan to Abiola Ajimobi, […]

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BOI shops for investors in waste recycling plants

Dangles N50m to N500m facility By Franklin Ocheneyi   “RECYCLING of industrial products such as cans, chemical, plastics helps to cut down pollution levels considerably, as these materials are re-used, instead of throwing them away irresponsibly.” That is one of the benefits of waste recycling as highlighted by the Bank of Industry (BOI). In the […]

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BoI talks tough on recovering N17.5bn NERFUND debts from industrialists

By Franklin Ocheneyi   “Part of what we signed today is that BoI will continue to manage the Nigeria Economic Reconstruction Fund, NERFUND. That means that those who owe NERFUND and also outstanding facilities that have put NERFUND into trouble; BoI will recover and make sure those loans are collected.” Mr  Olukayode  Pitan, the Managing […]

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BOI stipulates conditions for accessing GEEP Fund

By Gilbert Ekugbe The Bank of Industry (BOI) has stipulated conditions that must be met by small business owners to access the Federal Government Enterprise and Empowerment Programme (GEEP) Fund. GEEP is one of the social intervention programmes of the Federal Government of Nigeria being executed by the Bank of Industry. Through GEEP’s MarketMoni product, the […]

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