BOI – InfoStride News

FCMB, BOI loans power pharma plant expansion

Temitope Nlewemchi — Sat, 09 May 2026 14:38:58 +0000

Access to structured financing has received a boost in Nigeria’s pharmaceutical manufacturing sector as First City Monument Bank (FCMB) and the Bank of Industry (BOI) have reportedly supported the expansion of a local pharmaceutical plant through targeted loan facilities aimed at strengthening domestic drug production capacity. The financing arrangement is part of a broader push [...]

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BoI and NCDMB partner on $100 million content development fund

Temitope Nlewemchi — Wed, 03 Dec 2025 15:33:03 +0000

The Bank of Industry (BoI) and the Nigerian Content Development and Monitoring Board (NCDMB) have formalised a partnership to establish a $100 million content development fund aimed at boosting local participation in Nigeria’s oil and gas sector. The agreement reflects ongoing efforts to deepen indigenous involvement in the industry, promote value addition, and provide financing [...]

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BoI Pushes for Competitive Industrial Base to Boost Nigeria’s Manufacturing Sector

Temitope Nlewemchi — Fri, 10 Oct 2025 12:15:44 +0000

The Bank of Industry (BoI) has underscored the urgent need for Nigeria to build a more competitive industrial base, noting that strategic reforms, stronger partnerships, and enhanced support for local manufacturers are critical if the country is to sustain growth, reduce import dependence, and maximise gains from regional trade arrangements. Speaking recently at a national [...]

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NACCIMA, BOI Partner to Distribute N75bn MSME Fund

Temitope Nlewemchi — Fri, 20 Dec 2024 14:28:49 +0000

The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA) has partnered with the Bank of Industry (BOI) to disburse a N75 billion fund aimed at empowering Micro, Small, and Medium Enterprises (MSMEs) across Nigeria. The collaboration is designed to provide financial support to MSMEs, fostering growth and development in this critical sector [...]

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RAPID Funding Deadline Extended! Apply for MSME Loans Until June 12th

Temitope Nlewemchi — Mon, 27 May 2024 18:49:28 +0000

The Bank of Industry (BOI) has extended the application deadline for the Rural Area Program for Investment and Development (RAPID) for Micro Small and Medium Enterprises (MSMEs) and Community groups in rural areas to June 12. In a post on its official handle, the bank announced the extension to allow entrepreneurs more time to apply [...]

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House of Reps Call for Increased Funding for the BoI

Temitope Nlewemchi — Thu, 16 May 2024 21:14:15 +0000

The House of Reps Committee on Industry is urging increased budgetary allocations to the Bank of Industry (BoI) to empower it in fulfilling its mandate effectively. Members of the committee emphasized the necessity for policy reforms to facilitate the achievement of BoI’s objectives, particularly in providing low-interest credit facilities to pivotal sectors such as industry [...]

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Federal Government Partners with BOI: N75 Billion, 9% Interest MSME Loans Set for January 2024 Boost

Temitope Nlewemchi — Tue, 19 Dec 2023 19:02:04 +0000

Infostride News, in partnership with the Bank of Industry (BOI), has finalized arrangements to commence the disbursement of a substantial sum of N75 billion to Micro, Small, and Medium Enterprises (MSMEs) across Nigeria, starting from January 2024. This significant initiative, aimed at fostering economic growth, was unveiled in a statement issued by Temitola Adekunle-Johnson, the [...]

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Tinubu appoints Olasupo Olusi as MD of BOI

Ifeanyi Nwagboso — Thu, 19 Oct 2023 11:55:19 +0000

Dr. Olasupo Olusi has been appointed by President Bola Tinubu to serve as the Bank of Industry’s Managing Director and Chief Executive Officer. In the first instance, the appointment will last for four years. This was announced on Thursday by Ajuri Ngelale, the President’s Special Adviser for Media and Publicity. Ngelale stated that Tinubu had [...]

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