Sunday, August 3, 2025

The Truth Banishes Fear!

BOI, EcoBank Float MOU to ease access to Funding and Business Support.

Hamilton Nwosa
Writer

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Egypt’s $10 Billion Green Gamble

Egypt has been steadily increasing its renewable energy capacity in recent years in a bid to enhance its energy security. By 2024, Egypt had a total installed capacity of renewable energy of almost 7.8 GW. While its hydropower segment has remained stable at around 2.8 GW since 2018, it has significantly expanded its wind and…

[VIDEO] Michelle Alozie Opens Up: How I Entered Super Falcons Squad

By Abiola Olawale In a captivating tale of patriotism and resilience, Super Falcons defender Michelle Alozie has shared the extraordinary story of how she earned her place on Nigeria’s women’s national football team. Allozie, a Houston Dash star, who recently helped Nigeria clinch its 10th Women’s Africa Cup of Nations (WAFCON) title in 2025, opened…

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In its bid to boost financial inclusion as well as access to funding and business support for MSME entrepreneurs in the country, the Bank of Industry has signed a Memorandum of Understanding MoU to partner with Ecobank Transnational Inc.

Speaking at the signing off, the Group Executive, Consumer Banking, Ecobank Group, Patrick Akinwutan said the choice of BOI for this partnership was reached because BOI has a track record of driving access to finance for MSMEs in Nigeria. He added that both partners had already leveraged on technology to drive access to their services and this partnership would further deepen penetration of financial services.

Ag. MD/CEO, Bank of Industry, Mr. Waheed Olagunju, added that financial inclusion was crucial to the economic development of the country and that BOI would take advantage of this partnership to provide financial support and capacity building for Nigerian SMEs to serve both local and foreign markets.

 

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