The Federal Government has announced plans to begin disbursing loans at single-digit interest rates to Small and Medium Enterprises (SMEs) by the third quarter of 2025. This initiative aims to provide affordable financing to small businesses that often struggle with high interest rates and collateral requirements. EDITOR’S PICKS NASU, SSANU Strike Nears End As FG … Read more
The Federal Government has initiated the disbursement of a N75 billion loan aimed at supporting the manufacturing sector, following a 14-month delay since the initiative’s announcement. The funds, provided through the Bank of Industry (BOI) at an annual interest rate of 9%, are designed to assist larger companies in managing production costs and adapting to … Read more
President Bola Ahmed Tinubu has approved the appointment of new members to the board of the Bank of Industry (BoI) Limited. The announcement was made on Monday through a statement from the President’s Special Adviser on Media and Publicity, Ajuri Ngelale. EDITOR’S PICKS Police Arrest Man For Allegedly Killing Neighbour’s 4-Year-Old Daughter Misinformation Grinds Down … Read more
President Bola Tinubu has approved the appointments of Rotimi Akinde and Ifeoma Uz’Okpala to the positions of Executive Director for Corporate Finance and Risk Management and Executive Director for the Large Enterprises Directorate, respectively, at the Bank of Industry (BOI). The bank spokesperson, Theodora Amechi, announced that these appointments are effective immediately. Akinde brings over … Read more
EKO HOT BLOG reports that the Federal Government on Wednesday, announced the commencement of vocational training programs for inmates across 241 correctional facilities. Upon completion of the skills acquisition program, beneficiaries will receive a grant of N500,000. The vocational skills being offered include fashion design, computer training, hairdressing, fish farming, soap making, poultry business, and others. … Read more
The Rotary Club of Lagos facilitated the construction of six classrooms at the Ilara Model Primary School in Epe. The Bank of Industry (BoI) provided the funding for equipping a library at the school. The Rotary club is set to commission the projects. Eko Hot Blog reports that the Rotary Club of Lagos has announced … Read more
Tribute to Madam Dupe Majekodunmi I have known “Mama Nike” all my life but there was a long break when she left for England at a very tender age. My recollection is that it was my father, Chief J.K. Randle who doted on her that accompanied her to her new school and foster parents in … Read more
Bank of Industry The Bank of Industry (BOI) is reviewing its strategic priorities to ensure continuous support for enterprises, especially those hard hit by the COVID-19 pandemic. Specifically, it is deepening penetration in agro-processing, food processing, technology, healthcare and pharmaceuticals to stimulate economic recovery and growth. The bank’s managing director, Mr. Kayode Pitan who disclosed … Read more