Bank of Industry

BoI wins ‘Best Development Bank of the Year’ award

BoI wins ‘Best Development Bank of the Year’ award

·Also ‘Best Financial Institution Syndicated Loan’ The Bank of Industry, BoI, has won the ‘Best Financial Institution Syndicated Loan in EMEA’ and the ‘Best Financial Institution Bond in Africa’ award at the EMEA Finance Achievement Awards for 2022 in June 2023. The development bank also won the ‘Best Development Bank of the Year-Africa’ and the […]
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DFI invests N1trn in the economy — MD

DFI invests N1trn in the economy — MD

THE acting Managing Director of Bank of Industry, BOI, Waheed Olagunju, yesterday, told the House of Representatives Ad-hoc Committee investigating the activities of Development Finance Banks, DFI, that the bank has invested N1 trillion in the Nigerian economy in the past 15 years.

BoI’s facility boosts local cables production by 30,000 tonnes

BoI’s facility boosts local cables production by 30,000 tonnes

THE Bank of Industry’s s intervention in the nation’s real sector, especially in the cables and wires industry, has increased local production of electric cables by 28,000 metric tonnes following the expansion of Coleman Wires and Cables factory from 2000 metric tonnes to 30,000 metric tonnes.

MSMEs decry inability to participate 2013 ECOWAS trade fair

MSMEs decry inability to participate 2013 ECOWAS trade fair

The Micro, Small and Medium Enterprises, under the auspices of Association of Micro Entrepreneurs of Nigeria (AMEN), has decried its inability to participate at 2013 Economic Community of West African States, ECOWAS trade fair, held in Togo, blaming it on finance. Recall that the association was selected by the Nigeria Export Promotion Council, NEPC to represent the country. Speaking at a business forum/ inauguration of AMEN Cooperative, President AMEN, Prince Saviour Iche, described the ongoing submission of business proposals to the Bank of Industry (BOI) through SMEDAN as a welcome development, saying, “ but our members may not be able to access the fund due to stringent requirements and conditions attached to it. We are proposing to meet the management for the way forward.

ECOWAS bank to understudy BoI on project financing

ECOWAS bank to understudy BoI on project financing

The leaders of Economic Community of West African States, ECOWAS Bank for Investment and Development, EBID, Togo, are to understudy Nigeria’s Bank of Industry’s success on project financing.