Frustrated BoI loan applicants’ give insights, seek bank probe
There has been a growing outcry of thousands of small and medium scale business operators over what they described as business initiative killing activities of the Bank of Industry (BoI). Several social media are already saturated with complains of upfront…
BoI erred in issuing 30 days ultimatum for pending loan applications—Analysts
Though the Bank of Industry (BoI) has said it reduced turnaround time for loan applications, and issued a 30-day ultimatum to its customers to complete their documentations, industry observers have objected to the ultimatum. According to a cross-session of business…
NITDA absolves self from Omatek collapse, says it never contacted agency
The Director General of the Nigerian Information Technology Development Agency (NITDA), Dr. Isah Pantami on Monday, swiftly reacted to Business Hilights lead story on ICT Category captioned: ‘NITDA would have done to Omatek, what NCC did to Etisalat—-Analysts’, saying “…
NITDA would have done to Omatek, what NCC did to Etisalat—-Analysts
Omatek Computers Plc., was once a leading computer and other device brand of note in Nigeria, but was serially silenced and technically subdued by debt pileup from the Bank of Industry (BoI) some months ago. The bank had in July…
To avoid Omatek experience, BoI warns women entrepreneurs over loan abuse
The Bank of Industry (BoI) has commenced disbursement of loans to about 1,000 women entrepreneurs in Plateau State, with stern warning to beneficiaries to avoid diversion or abuse of the facility. Business Hilights recalls that the major problem that pushed…
Unity Bank seals MoU to grow GEEP initiative
The Chief Executive Officer of Unity Bank Plc, Mrs. Tomi Somefun, has said the successful signing of a Memorandum of Understanding (MoU) with the Bank of Industry (BoI), has opened way for the bank to drive Government Enterprise and Empowerment…
NCDMB’ updated MoU with BoI coming soon, ups Content Fund to $200m
Executive Secretary of Nigerian Content Development and Monitoring Board (NCDMB), Simbi Wabote has revealed that a new governance framework for the fund which had been finalised and the updated Memorandum of Understanding (MoU) with Bank of Industry (BoI) will be…
Why presidency approved Pitan as replacement for Olagunju at Bank of Industry
Experts in Nigerian banking industry have welcomed the recent appointment of a banking professional, Mr. Olukayode Pitan to take over as the substantive managing director of Bank of Industry (BoI). Whereas Olagunju was a former media practitioner, Pitan is a…
Dangote may buy near moribund Peugeot assembly plant from AMCON sooner
AMCON’s Chief Executive, Ahmed Kuru, has hinted the chances of of leading industrialist, Aliko Dangote to buy up near moribund Peugeot Assembly Plant, Kaduna in partnership with Kaduna and Kebbi States. Bank of Industry (BoI) is also in the picture of new…
SMEDAN, ITF, BoI target 10,000 youths for skills development training
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), under its National Enterprises Development Programme (NEDEP) is set to train about 10,000 youths drawn from 18 states. The massive empowerment scheme is coming vide a partnership with two other…
