BOI Raises $1.11bn For SMEs Funding

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“The Bank of Industry (BOI) has raised $1.11billion (€1 billion) from the international capital market with the aim of building capacity and strengthening structures necessary to render financial support to Micro, Small, Medium and Large enterprises in the country.

BOI, while explaining that the oversubscribed bond was to ensure continued provision of affordable business loan facilities to organisations in the various sectors of the Nigerian economy, stated that the move was part of President, Muhammadu Buhari’s promise to business owners in the country……”

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