In a bid to complement the Federal Government’s efforts to improve the economy and create more jobs, a group of partners in the Micro, Small and Medium Enterprises (MSME) space are set to execute various MSME-focused interventions, targeting 1.3 million beneficiaries across 17 States and FCT. The MSME and Job …
Read More »BoI Plans €1 Billion Facility to Support MSMEs
The Bank of Industry (BoI) has reiterated commitment towards supporting the funding needs of its customers and thereby assured them of sustained intervention with successful completion of the €1bn guaranteed facility. Speaking to its customers in the Micro, Small and Medium Enterprises segment of the economy of more financing to …
Read More »AfCFTA to Grow States Export Capacity to $1.2 Billion
The Senior Special Assistant to the President on Public Sector Matters and the Secretary, National Action Committee (NAC) on the African Continental Free Trade Area (AfCFTA), Francis Anatogu, has said that the first goal of the implementation plan is to grow the export capacity of every state to the tune …
Read More »2021 Lagos International Trade Fair to Start Nov. 5 — LCCI
The Lagos Chamber of Commerce and Industry (LCCI) has scheduled the 2021 Lagos International Trade Fair (LITF) for between Nov. 5 and Nov. 14 at Tafawa Balewa Square (TBS). LCCI Chairman, Trade Promotion Board, Mr Gabriel Idahosa, disclosed this at a press conference on Wednesday in Lagos. The LITF organized …
Read More »BoI Acquires $1bn Loan from International Market
The Bank of Industry (BoI) has just successfully concluded a landmark $1 billion loan syndication transaction to improve its capacity to effectively support micro, small, medium and large enterprises across key sectors of the Nigerian economy with affordable medium to long-term loans, alongside moratorium benefits. The transaction marks the third …
Read More »BoI Increases MSMEs Support to N53 Billion
The Bank of Industry (BoI) has disclosed that it made a total disbursement of N53 billion to micro, small and medium scale enterprises (MSMEs) in 2019, in demonstration of its commitment to the development the segment in the country. This was a 56.3 per cent year-on-year increase from the N33.9 …
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