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Tag: BOI

BOI extends RAPID funding application deadline for MSMEs
News

BOI, FSD Africa forge alliance on green finance

The Bank of Industry has formalized a partnership with Financial Sector Deepening Africa through a Memorandum of Understanding aimed at bolstering green financing initiatives in Nigeria. This collaboration is designed to enhance BOI’s sustainability strategy by providing technical assistance, strategic guidance, and capacity development initiatives. According to a statement, the Managing Director of BOI, Dr […]

BOI extends RAPID funding application deadline for MSMEs
News

BoI, AGF partner to unlock $50m in MSMEs financing

The Bank of Industry on Thursday, entered into a $50 million portfolio guarantee agreement with the Guarantee Fund to unlock substantial financing for women entrepreneurs, Micro, Small, and Medium Enterprises, and green businesses in Nigeria. This portfolio, which supports the Affirmative Finance Action for Women in Africa initiative by the African Development Bank, provides guarantees […]

BOI extends RAPID funding application deadline for MSMEs
News

BOI raises €2bn to boost development projects

The Bank of Industry has secured €2 billion through global loan syndication to enhance its financial capacity. The funds will support infrastructure development, SME growth, and industrial diversification across key sectors. BOI Managing Director, Olasupo Olusi, made this disclosure during the bank’s 65th-anniversary celebration on Thursday in Lagos. He stated that the €2 billion is […]

BOI extends RAPID funding application deadline for MSMEs
News

BOI disburses over N37.8bn in trade grant scheme

The Bank of Industry has announced the disbursement of over N37.8 billion under the Presidential Conditional Grant Scheme, also referred to as the Trade Grant Scheme. In a circular released on Sunday, BOI reported that 774,593 individuals and businesses have benefited from the Presidential Conditional Grant Scheme, according to Nairametrics. This initiative aims to support […]

BOI extends RAPID funding application deadline for MSMEs
News

How Nigeria can hit $1tn economy – BOI

The Bank of Industry has stressed the importance of enhancing Nigeria’s production capacity to reach a one trillion-dollar economy by 2026. The bank believes that boosting manufacturing and production capabilities is essential for driving economic growth and competitiveness in the global market. This initiative aims to create jobs, attract investment, and improve overall economic stability. […]

BOI extends RAPID funding application deadline for MSMEs
News

BOI extends RAPID funding application deadline for MSMEs

Onwubuke Melvin   The Bank of Industry has extended the deadline for submitting applications for the Rural Area Program for Investment and Development for Micro Small and Medium Enterprises and Community groups in rural areas until June 12. This disclosure was made via the official X handle of the bank, stating that the deadline was […]

BOI supports Women-owned businesses with $6.02m
News

BOI extends RAPID funding application deadline for MSMEs

The Bank of Industry has extended the deadline for submitting applications for the Rural Area Program for Investment and Development for Micro Small and Medium Enterprises and Community groups in rural areas until June 12. This disclosure was made via the official X handle of the bank, stating that the deadline was extended to afford […]

BOI supports Women-owned businesses with $6.02m
News

BOI announces N153bn profit before tax in 2023

The Bank of Industry has announced a profit before tax of N153.81 billion for 2023, marking a 117.69% increase from the previous year’s N70.7 billion. This marks the highest PBT in the bank’s history. This indicates the Bank’s resilience and strategic financial performance despite challenging economic climate. This was disclosed by the Chairman of the […]

Tinubu appoints Olusi as new BoI boss
News

Tinubu appoints Olusi as new BoI boss

  President Bola Tinubu has approved the appointment of Dr. Olasupo Olusi as the Managing Director and Chief Executive Officer of the Bank of Industry. This was disclosed on Thursday by the Special Adviser to the President on Media & Publicity, Chief Ajuri Ngelale. Olusi’s appointment comes on the heels of the voluntary resignation of […]

BOI boss receives banking award
News

BOI boss receives banking award

The Special African Banking Leadership Commendation Award from the ninth International Forum on African-Caribbean Leadership was given to the Chief Executive Officer of Nigeria’s Bank of Industry, Mr. Kayode Pitan. The Punch reported that annually, the African Leadership Magazine hosts the International Forum on African Leadership with the theme “African-Caribbean Cooperation and Today’s Geopolitics” in New […]