Tag Archives: Bank of Industry

Entrepreneurship: Sokoto, BoI to disburse N2bn loans

The Sokoto State Government and Bank of Industries (BoI) will disburse N2 billion loans to support small scale businesses across the state. Imam Imam, the Special Adviser to Governor Aminu Tambuwal on Media and Public Relations announced this in a statement, on Thursday, in Sokoto. Imam said the state government had released its counterpart fund of N1 billion to BoI ...

Read More »

BoI gets approval to recover NERFUND’s N17.5bn bad loans

The Federal Government has given approval to the Bank of Industry to recover the N17.5bn outstanding loans being owed by customers of the Nigeria Economic Reconstruction Fund. NERFUND is currently having liquidity challenges owing to its huge non-performing loans portfolio. The instrument of approval was given through a Memorandum of Understanding signed on Wednesday in Abuja between the Ministry of ...

Read More »