BOI pays 311,000 beneficiaries from payroll support scheme

payroll support scheme

BOI pays 311,000 beneficiaries from payroll support scheme     The Bank of Industry (BoI) said it has verified over 64,000 companies that applied to benefit from the Payroll Support scheme of the Federal Government and paid 311,000 beneficiaries under the scheme. A statement on Tuesday said the BOI Stakeholder Engagement Representative, Akan Ekure, disclosed this while speaking in Abuja on Tuesday. He said while some companies had received N50,000 for payroll support, beneficiaries from other companies were paid N30,000 based on salary grades before the pandemic. He said, “We…

Read more

APPLY: BoI readies fresh $1bn loan at single digit interest rate

BoI readies fresh $1bn loan

APPLY: BoI readies fresh $1bn loan at single digit interest rate   The Bank of Industry (BoI) has announced the successful conclusion of a landmark $1 billion loan syndication transaction aimed at improving the capacity of the bank to effectively support Micro, Small, Medium (MSMEs) and Large enterprises across key sectors. According to a statement from the bank, the transaction marked the third major international debt syndication deal successfully concluded by BoI within the last three years. The bank recalled that in 2018, it had raised the sum of $750m,…

Read more