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Tag: BOI

BOI extends RAPID funding application deadline for MSMEs
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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
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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 […]

BOI pledges support for SMEs, Rivers' industrial hubs
Business

BOI pledges support for SMEs, Rivers’ industrial hubs

The Rivers State Government’s initiative to industrialize would be supported by the Bank of Industry by providing funding for industrial centers and SMEs. The Punch reported that this was said by the bank’s managing director, Olukayode Pitan, recently when he visited the governor of Rivers State, Simi Fubara. Pitan claimed that BOI has spent approximately N55.65 billion […]

BOI pledges support for SMEs, Rivers' industrial hubs
News

Why DFIs must find new ways to fill financing gap – BoI MD

The Association of Nigerian Development Finance Institutions’ chairman, Mr. Olukayode Pitan, has stated that in order to close the financial gap and spur the necessary transformational changes in Nigeria, DFIs require new perspectives, inventive strategies, and coordinated efforts. According to The Punch, Pitan made this statement on Thursday in Abuja at the third annual general meeting […]

Buhari
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Buhari names BOI’s executive directors

The President, Major General Muhammadu Buhari (ret.) has given his approval for Mallam Shekarau Omar to serve a second term as Executive Director Small and Medium Enterprises. Omar will now hold office for an additional four years, after his first tenure was set to expire on March 5, 2023. The senior media assistant to the […]

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