Posts tagged “bank of industry”

September 2015

August 2015

Agro-processing accounts for 80% of BOI’s N903.4m facility for SMEs in Gombe state

The Bank of Industry (BOI) has put the loan approval for the development of Micro, Small and Medium Enterprises (MSMEs) in Gombe State at N903.4 million, out of which 80 per cent will be specifically dedicated to Agro-processing. The Managing Director/ Chief Executive Officer of the bank, Rasheed Olaoluwa, [...]

BOI Disburses N24.6bn To Solid Minerals Sector

The bank of Industry disclosed that its total loan portfolio to the solid minerals sector of the Nigerian economy is now N24.6 billion. The dwindling oil revenue in recent times has made solid minerals development very imperative as a means of revenue diversification. The managing director of the bank, [...]

July 2015

BOI BAGS ISO CERTIFICATION ON QUALITY MANAGEMENT SYSTEMS

 The Bank of Industry (BOI) has received the ISO ‎9001:2008 Quality Management Systems Certification for raising its standards of operations, policies and excellent customer relationship in the country. Managing Director, BOI, Mr. Rasheed Olaoluwa explained that the certification means that the Development Finance Institution (DFI) has already achieved its [...]

June 2015

FITCH RATES BANK OF INDUSTRY AT ‘BB-‘; OUTLOOK NEGATIVE AND ‘AA+ (NGA)

  Fitch Rates Bank of Industry at 'BB-'; Outlook Negative and 'AA+ (nga)  Fitch Ratings-London-25 June 2015: Fitch Ratings has assigned Nigeria-based Bank of Industry Limited (BOI) a Long-term Issuer Default Rating (IDR) of 'BB-' with a Negative Outlook and a Short-term IDR of 'B'. Fitch has also assigned BOI a [...]

April 2015

BANK OF INDUSTRY INTRODUCES NOLLYFUND

BANK OF INDUSTRY INTRODUCES NOLLYFUND In continuation of BOI’s support for the Nigerian Creative Industry, BOI has developed a special Product Program called “BOI NollyFund” under which Nigeria’s leading movie producers will receive financial support to produce international quality films and screen them through various platforms of movie distribution available [...]

October 2014

REQUEST FOR EXPRESSION OF INTEREST: AfDB LINE OF CREDIT (LoC)

AFRICAN DEVELOPMENT BANK (AfDB) - LINE OF CREDIT (LoC) Sector: Private Sector Financing Agreement reference: African Development Bank – Line of Credit (LoC). The Bank of Industry Limited (BOI) has secured line of credit from the African Development Bank (AfDB) toward the funding of non-oil Small and Medium Enterprises (SMEs) and intend [...]

August 2014

BOI, FIIRO Align Strategies To Boost Support to Agro-Processors

The Bank of Industry has engaged with the Federal Institute of Industrial Research (FIIRO), Oshodi, in response to the identified need to provide innovative interventions geared towards boosting the economy's transformation from farming to developing small-scale enterprises, food processing and industrialised agro-industries. According to Mr. Rasheed Olaoluwa, Managing Director/CEO, Bank [...]

June 2014

Bank of Industry, Kaduna State Government firm up plans to support MSMEs

The Bank of Industry has restated its commitment to MSME development in Nigeria, as it is finalising plans on a partnership with the Kaduna State Government to provide a N1billion matching fund to support MSMEs in the state. Officials of the Bank led by the Executive Director (Operations), Alhaji [...]