Bank of Industry
Nigerian government to disburse N200 million to 100 artisanal miners
The Ministry of Mines and Steel Development is considering disbursing N200 million to 100 artisanal miners to boost mining activities in Nigeria.
NADDC: Nigerian government attracted over $1 billion investment in automobile industry in 2019
This was disclosed by the Director General of National Automotive Design and Development Council (NADDC), Mr. Jelani Aliyu at the opening of a two-day investigative hearing held at the instance of the Ad-hoc Committee into the financial budgetary approvals and multilateral donation on skills acquisition and related programs of federal government and its agencies, chaired by Hon. Victor Akinjo.
Auditor-General indicts MDAs for improper spending of N105.66 billion
The office of the Auditor-General for the Federation (AuGF) has expressed concerns over irregularities and weaknesses in financial regulations across ministries, departments and agencies (MDAs) of government, especially in the disbursement and utilisation of public funds.
BoI: 311,000 employees got Nigerian government’s payroll support initiative
The Bank of Industry (BoI), yesterday said about 311,000 employees of small companies have been supported under the payroll support initiative of the MSME Survival Fund Scheme.
Osun monarch urges Nigerian government to ban jean, promote local fabric
Oba Abdulrasheed Adewale Akanbi, the Oluwo of Iwo land, has urged the Federal Government to place a ban on foreign jeans and promote local fabrics to boost the economy.
Bank of Industry: We are not recruiting
The Bank of Industry (BoI) has reacted to advertisements and letters on a purported recruitment exercise by the bank.
Freight forwarders seek special loan scheme for expansion
Nwabunike said the association was looking forward to interfacing stronger with the Federal Ministry of Finance, the Central Bank of Nigeria (CBN) and the Bank of Industry (BoI) on the need for a special loan scheme to help logistics firms in expanding and maintaining fleet of heavy duty and lighter vehicles required beyond coverage of train services.
Afreximbank approves $1bn syndicated loan for Bank of Industry
African Export-Import Bank (Afreximbank) has announced a US$1 billion facility for the Bank of Industry, Nigeria’s state-owned development bank.
Unity Bank, BoI, others challenge taxes imposed by tribunal
Some tax payers within the North-west Zone, comprising the states of Kaduna, Kebbi, Kano, Katsina, Jigawa, Sokoto and Kano have availed themselves of the service of the Tax Appeal Tribunal (TAT) North-west Zone, sitting in Kaduna to successfully challenge arbitrary tax assessments imposed on them by the various revenue services and boards within the zone.
Afe Babalola: New constitution the panacea to growing insecurity
Against the backdrop of the growing insecurity across the country, the founder of Afe Babalola University Ado-Ekiti (ABUAD), Aare Afe Babalola has told President Muhammadu Buhari that the nation would only overcome the challenge and others with a new constitution that will capture the agitation of many Nigerians.
Benue governor flags off N500 million agric loan for workers
Benue State Governor Samuel Ortom on Wednesday, stated that Benue must live up to its reputation as the food basket of the nation.
Nigerian activates MSME Survival Fund transport track in Lagos
The Federal Government on Monday emphasised its commitment to mitigating the impact of COVID-19 pandemic on the lives of ordinary citizens through its various intervention initiatives.
BOI to promote enterprise in Ekiti with N1 billion loan
The Bank of Industry has expressed the bank’s readiness to provide credit facilities to the tune of one billion naira to empower entrepreneurs in Ekiti State.
#EndSARS: Lagos Chamber reschedules international trade fair
Dr Muda Yusuf, Director-General of LCCI, said that the fair which was scheduled to hold from Nov.5 to Nov. 15, 2020 has been rescheduled for between Dec. 4 to Dec. 13, 2020 at the Tafawa Balewa Square, Lagos; both physically and virtually simultaneously.
VP Osinbajo: Why we’re supporting small businesses with survival fund
Vice President Yemi Osinbajo has explained that the Federal Government is investing in the small businesses sector to sustain the national economy.
Transcorp to disengage 40 percent of workforce
At least 40 per cent of the staff of Transcorp Hilton Hotels will have to be disengaged if it is to survive the impact of the coronavirus pandemic on the global hospitality and tourism industry, its managing director/chief executive, Dupe Olusola, announced on Thursday.
Ooni calls for legislation, policy, funding to promote African traditional medicine
The Ooni of Ife, Oba Adeyeye-Ogunwusi Enitan, has called on the Federal, state governments and law makers to provide legislation, policy and funding to promote African Traditional Medicine (ATM).
Afreximbank clinches African Banker’s Debt Deal of the Year award
The African Export-Import Bank (Afreximbank) has been announced the winner of the Debt Deal of the Year Award at the 14th Annual African Banker Awards 2020.
Banks implement new CBN guidelines on debt recovery
Deposit Money Banks on August 1 commenced the implementation of the Central Bank of Nigeria’s Global Standing Instruction which allows them to recover outstanding debts of debtors from other banks.
GSI: Banks notify customers of move to seize debtors’ funds
As the Global Standing Instruction (GSI) policy of the Central Bank of Nigeria (CBN) came into force at the weekend, many commercial banks have notified customers of their readiness to seize debtors’ funds across financial sector.
UNIJOS approves N250 million loan for its printing press to boost production
The University of Jos says it has given approval to its printing press to access N250 million loan from the Bank of Industry (BOI) to boost its production.
Nigerian content intervention fund increased to $350 million
The Governing Council of the Nigerian Content Development and Monitoring Board (NCDMB) has approved the expansion of the Nigerian Content Intervention (NCI) Fund from 200 million dollars to 350 million dollars.
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South Africa signs J&J vaccine deal, eases restrictions
South Africa has signed an agreement with Johnson & Johnson to secure 11 million COVID-19 vaccine doses and will ease restrictions due to a decline in new cases, President Cyril Ramaphosa said on Sunday.
Manchester United rages at penalty talk as team draw another blank
Ole Gunnar Solskjaer believes Manchester United are being negatively influenced by opposition managers referring to their penalty record after being denied a spot-kick in a 0-0 draw at Chelsea on Sunday.
Zamfara governor: Abducted schoolgirls will be released soon
Governor Bello Matawalle of Zamfara State has said that the abducted students of Government Science Secondary School, Jangebe, will be released very soon.
Primate Ayodele: President Buhari has broken Nigeria’s unity
The Leader of INRI Evangelical Spiritual Church, Primate Elijah Ayodele, has once again knocked the President of Nigeria, Muhammadu Buhari, over the unsecured state of the country.
NANS asks Nigerian government to declare abductors of students terrorists
Following the gale of abductions of school children in the Northern part of the country, the National Association of Nigerian Student (NANS), has advised the federal government to list bandits perpetrating such horrendous crime as terrorists.
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Boko Haram: Rescue of Pastor Yakuru, others will be litmus test for new service...
The Christian Association of Nigeria (CAN) has said securing the freedom of Pastor Bulus Yakuru, and other Boko Haram captives will be a litmus test for the new Service Chiefs, saying the world is watching to see whether they will live up to expectations or not.
African swine fever detected in South Africa’s Western Cape
South Africa’s Western Cape region has reported its first cases of African swine fever at two small farms, after outbreaks in other parts of the country, the provincial head of agriculture said.
IOC deputy chief: Vaccines ‘encouraged’ but not compulsory for athletes at Tokyo
Athletes are being encouraged to get vaccinated against COVID-19 ahead of the Tokyo Olympics but it will not be compulsory, IOC Vice President John Coates said on Thursday.
Ex-President Obasanjo urges Bello to sustain fight against criminality
Former President, Chief Olusegun Obasanjo, has tasked the Kogi State Governor Alhaji Yahaya Bello on the need to sustain his current onslaught against criminality in the state.
Isa Yuguda: Nigerian government is supporting agric, it must subsidise herdsmen’s businesses
A former Bauchi State governor, Isa Yuguda, has stated that Nigeria has treated Fulani people unfairly, pointing out that for the herders crisis across the country to be addressed, justice must be done to them.