The lawmaker representing Delta Central senatorial district at the National Assembly, Senator Ede Dafinone, has unveiled the various empowerment initiatives of the Bank of Industry (BoI) to small and medium-scale entrepreneurs in the constituency. The one-day sensitisation workshop hosted by Dafinone in collaboration with the BoI, at the Petroleum Training Institute Conference Centre in Effurun, on Monday, sought to educate …

The Bank of Industry (BoI) has emphasised that Nigeria must enhance its production capacity to achieve a one trillion-dollar economy by 2026. The Divisional Head of Services, BoI, Isa Omagu, stated this on Saturday at the 2024 annual conference of the Finance Correspondents Association of Nigeria in Lagos with the theme, “Nigeria’s Journey Towards a $1 trillion Economy: Impact of …

The Nigerian Content Development and Monitoring Board (NCDMB) plans to introduce some changes that will enhance the Nigerian Content Intervention (NCI) Fund and increase the fund’s impact and efficiency. The executive secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omotsola Ogbe hinted at the changes at the quarterly engagement forum held with the Bank of Industry …

The Bank of Industry (BOI) has shown interest in partnering with the Imo State government for the purpose of enhancing the economic well-being and businesses of the citizens. The BOI made the commitment on Thursday in Owerri, the state capital, when its Managing Director/Chief Executive Officer, Dr Olasupo Olusi, paid a working visit with his key officials to the state …

The Bank of Industry (BoI), African Development Bank (AfDB), and the National Information Technology Development Agency (NITDA) have partnered to drive digital literacy in Nigeria. Speaking on the synergy, Managing Director of BoI, Olasupo Olusi, said activities in the digital and creative sector have continued to increase, with a youthful growing population and increasing urbanisation. Olusi said the creative and …

The Office of the Vice President on Tuesday said it would commence the disbursement of loans to Micro Small and Medium-sized Enterprises in collaboration with the Bank of Industry in January 2024. “The loans totaling about N75bn will be given to small businesses nationwide at an interest rate of 9 per cent,” a statement signed by the Senior Special Assistant …

The Bank of Industry (BoI) and the French Development Agency (AFD) have signed a grant agreement for €2.5 million (about N1.23 billion) delegated by the Green Climate Fund to fight climate change in Nigeria. A statement said though the grant agreement sets up a technical assistance scheme for BoI, the grant was designed to build the capacity of BoI, thereby …

The Bank of Industry has announced that the World Bank has approved its nomination as a provider of the Micro, Small and Medium Enterprises (MSME) component of NG-CARES (RA3) nationwide. In a statement titled, ‘Clarification of the Nigeria COVID-19 Action Recovery and Economic Stimulus programme’, BoI said that the development was based on its successful track record of building field …