Bank of Industry

The Ministry of Mines and Steel Development is considering disbursing N200 million to 100 artisanal miners to boost mining activities in Nigeria.

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.

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.

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.

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.

The Bank of Industry (BoI) has reacted to advertisements and letters on a purported recruitment exercise by the bank.

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.

African Export-Import Bank (Afreximbank) has announced a US$1 billion facility for the Bank of Industry, Nigeria’s state-owned development bank.

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.

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 State Governor Samuel Ortom on Wednesday, stated that Benue must live up to its reputation as the food basket of the nation.

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.

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.

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.

Vice President Yemi Osinbajo has explained that the Federal Government is investing in the small businesses sector to sustain the national economy.

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.

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).

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.

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.

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.

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.

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.