Posts tagged “small and medium enterprises”

September 2015

BOI says poor business plan hinders credit to SMEs

The Bank of Industry, BOI has said though the Small and Medium Enterprises, SMEs are backbone to development of many nations funding has remained a challenge to that sub-sector. The BOI noted that poor business plans have continued to make banks reluctant to give credit SMEs. The banks managing director, Rasheed Olaoluwa [...]

BoI secures AfDB’s $100mfacility for SMEs

The Bank of Industry (BOI) has secured a $100 million line of credit from the African Development Bank (AFDB) to actualise its development financing objectives and intervention, especially for Small and Medium Enterprises (SMEs). According to the bank, the line of credit, which is designed for on-lending to SMEs engaged [...]

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 [...]