Maritime pundits seek probe into LADOL’s investment grants by CBN, BoI, etc
Worried by scanty presence of investments when compared with the volume of grants and funds already pumped in by several financial institutions including the Central Bank of Nigeria (CBN), Bank of Industry (BoI), and the Nigerian Content Development and Monitoring…
Return of Golden Guinea beer and issues in alcohol VAT sharing formula
When the returned Governor of Abia State, Chief Okezie Ikpeazu, said few years ago that his government will revive the moribund foremost brewery in the state, a lot took him for granted. Definitely, it has come to pass as the…
NCS seeks FG’s intervention to rescue Remita, Omatek, Chams Plc from crisis
The leadership of the umbrella body for all IT professionals and organizations in Nigeria, with more than 20,000 members and major interest groups including ISPON, ITAN, ISPAN, NiWIIT, ITSSP, AITP, NITPCS, NACOSS, students’ body, the Nigerian Computer Society (NCS), Tuesday…
9 days after our story, VP resumes TraderMoni sharing tour in Anambra
Vice President Yemi Osinbajo last week, resumed his technically suspended nationwide tour of disbursing TraderMoni and MarketMoni, a soft loan scheme targeted at traders and SMEs in select open markets in Nigeria. Business Hilights had on April 24, 2019, published…
Nigerians query why Vice President halted TraderMoni after 2019 elections
Majority of Nigerian market men and women who were left out during the nationwide tour of disbursing TraderMoni by the Vice President, Yemi Osinbajo have started asking questions. Key amongst their questions include if sharing the money at the peak…
Is funding really key challenge of modular refinery licencees as BoI gets $500m?
For more than three years, several licencees of Modular refineries have failed to show seriousness in rolling out furnace and other key infrastructure in readiness to production having been granted licencees on the basis of the criteria listed for licence…
Promasidor plans to use fresh N5.6bn BoI loan on machinery, factory expansion others
Makers of leading beverage bands, Cowbell Milk, Onga and others, Promasidor Nigeria Limited said it had secured a N5.6bn credit from the Bank of Industry (BoI) to support its aggressive expansion programmes that will cut across machinery, value chain development…
Book keeping, faulty proposal may deny many MSMEs access to N250b facility—Expert
The recent efforts of the Bank of Industry (BoI) to secure $750 million (N250 billion) syndicated loan facility received from the African Export-Import Bank (Afreximbank) has continued to elicit reactions from experts. Whereas the key target of the facility which…
Bank loans for industries only available on papers not in reality—MAN
The leadership of the Manufacturers Association (MAN), has opened up on what they described as frustrating and near elusive posturing of Nigerian banks on issues of business facilities for manufacturers, saying many banks in the country have not demonstrated enough…
Nollywood: ‘Only proposals with ability to make good money get BoI loans’
Managing Director, Film House Cinemas and Film One Distribution/Production, Kene Mkparu has given insight on why it has become very hard for operators in the Nollywood and entertainment industry to access the N7.2billion ($200 million) domiciled at Bank of Industry…
