As part of its post-pandemic economic sustainability plan, Nigeria wants to create over one million tech-related jobs and establish payroll support to critically affected startups and SMEs among other…
The trouble is not yet over for Omatek Ventures
Despite getting a lifeline by way of a recent dismissal of the court case that the Bank of Industry instigated against Omatek, there’s still impending trouble for the original equipment manufact…
Despite owing BOI ₦5.9b, troubled Omatek recently got a lifeline that could help it bounce back
In 2017, shortly after the passing on of founder, Florence Seriki, Omatek Ventures had its factory shut down by court order. It turns out it defaulted on a billion-naira loan in took from the Bank of …
Aliko Dangote, BoI with Kaduna and Kebbi States bid for Peugeot Automobile Nigeria
From owning the cement niche, to food processing, freight and to mention his interest in the oil sector which has seen an ongoing oil refinery structure being put in place. Not stopping there, Africa&…
Arnergy Solar Secures Funding to Promote Off-grid Solar Home Systems in Nigeria
Lagos-based renewable energy provider, Arnergy Solar Limited, has secured funding from Bank of Industry to provide off-grid solar systems for over 1000 homes in Nigeria. The project which is also supp…