NG-CARES is an initiative of the World Bank and the Federal Government of Nigeria to support the recovery of communities, households and businesses affected by COVID-19.
Browsing: Bank of Industry
Managing Director of Bank of Industry, Olukayode Pitan , the Managing Director of Nigeria incentive – Based Risk Sharing System for Agricultural Lending ( NIRSAL), Aliyu Abdulhamid and the Director General of Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Olawale Fasanya were also involved with warrant of arrest to be issued by the panel for failing to appear.
The Managing Director of BOI had appeared before the Committee on Industry for interaction on the 2021 budget.
It said the upgrade of BOI’s Long-Term National Rating of “AAA(nga)” reflects the linkage between the bank and the sovereign has strengthened as evident in the significant size of the Central Bank of Nigeria guarantees provided for BOI’s recent external funding.
The facility was brought about through the collaboration between the Management of UNILAG and BOI to run an entrepreneurship capacity development programme in the institution.
The Managing Director of BoI, Olukayode Pitan, said this in a statement on Thursday.
Tijjani, who disclosed this in an interview with the News Agency of Nigeria on Monday in Abuja, said the return would rekindle the interest of foreign investors in the airline and make them to make resources available for its revamping.
Adegbite made the call in a statement by his Special Assistant on Media, Ayodeji Adeyemi on Monday in Abuja, during a series of town hall meetings held with youths in three senatorial districts in Ogun at the weekend.
The Bank of Industry was given the award at the African Bankers’ Awards ceremony, which was held virtually on the sidelines of the African Development Bank Annual Meeting.
The Bank’s Executive Director, Umar Shekarau, disclosed this during an investigative hearing into the N105 billion loan allegedly converted to Federal Government’s shares as contained in the audit query issued by the office of the Auditor General of the Federation.
This was announced at the Bank’s 60th Annual General Meeting held virtually in line with COVID-19 protocols of the Federal Government.
Among others, it is deepening penetration in agro-processing, food processing, technology, healthcare and pharmaceuticals to stimulate economic recovery and growth.
The Bank has reassured its customers of its commitment towards actualising its goal of supporting economic development and industrialisation
The Bank of Industry has raised a €1 billion ($1.11billion) medium term syndicated facility from the international capital market in furtherance of its support for Micro, Small, Medium and Large enterprises across key sectors of the Nigerian economy.
They were expected to be able to transfer the knowledge acquired from the training to their students so as to nurture and equip them with skills for development
It would be recalled that the National MSMEs clinics driven by the Vice President has now reached 26 States, with more Clinics to come in the series
The Bank of Industry says it has introduced rehabilitation loan for entrepreneurs in the North East devastated by the Boko Haram insurgency.
Laolu Akande, Senior Special Assistant to the President on Media and Publicity, Office of the Vice President, in a statement said the gesture was spurred by the successes recorded in the first 50 per cent discount window
Toyin Adeniji, Executive Director, Micro Enterprise, Bank of Industry, has said that 37 million Nigerians are commercially active but have never had the opportunity to access loans.
No fewer than 10,000 petty traders in Ogun on Tuesday accessed the “Trader Moni” collateral-free loan of the Federal Government to expand their business activities.