Economy Finance Fintech Posted on

Bank of Industry (BOI) Loans Offer Stability Amid Rising Interest Rates, Says Highnet Resources Limited

Author admin 0 336

 

Highnet Resources Limited, a leading financial consultancy firm, highlights the growing concerns among borrowers in Nigeria amidst rising interest rates. As the Central Bank of Nigeria (CBN) aggressively raises its Monetary Policy Rate (MPR) to 22.75% to curb inflation, many businesses and individuals face the prospect of higher borrowing costs.

In light of this challenging environment, Highnet Resources Limited emphasizes the resilience of Bank of Industry (BOI) loans, providing five compelling reasons why they remain the preferred choice for borrowers:

  1. Competitive Interest Rates: BOI offers loans at a remarkably low interest rate of 10% per annum, a rate unmatched by any Nigerian bank. This competitive rate provides borrowers with significant cost savings over the loan tenure.
  2. Expert Guidance: BOI engages registered consultants known as Business Development Services Providers (BDSPs) to assist prospective borrowers. These carefully vetted experts work closely with borrowers to navigate the loan application process, ensuring compliance with BOI’s requirements and alleviating the burden on borrowers.
  3. Proactive Support: During times of economic uncertainty or crisis, BOI demonstrates proactive measures to support borrowers. In response to the COVID-19 pandemic, BOI implemented loan restructuring initiatives, including interest rate reductions and repayment suspensions, to ease the financial challenges faced by borrowers.
  4. Business Development Impact: BOI loan requirements drive informal and disorganized businesses to adopt formalized operational structures, implement corporate governance practices, and develop sound business plans. This process fosters business growth and sustainability, aligning borrowers with best practices in their respective industries.
  5. Transparency and Efficiency: BOI loans are characterized by transparency, with no hidden charges or fees. Additionally, the loan application process is streamlined and expedited, provided borrowers meet the necessary requirements and select a BDSP aligned with their sector.

Vivian Ngozi Ani, Loans at 9%p.a, Equity & Grants Facilitation; Business Plans, extensively comments, “Amidst the prevailing economic landscape, Bank of Industry (BOI) loans stand out as a beacon of stability for borrowers in Nigeria. With competitive interest rates, expert guidance, proactive support measures, and transparent processes, BOI remains the preferred choice for businesses and individuals seeking financial assistance.”

For businesses interested in applying for a BOI loan or learning more about the benefits offered, Highnet Resources Limited encourages them to share their comments and reach out via direct message for personalized assistance.

About Highnet Resources Limited: Highnet Resources Limited is a reputable financial consultancy firm based in Nigeria, specializing in loans at 9% per annum, equity and grants facilitation, and comprehensive business planning services. With a commitment to excellence and client satisfaction, Highnet Resources Limited delivers tailored financial solutions to businesses across various sectors in Nigeria.

Leave a Comment

Your email address will not be published.

You may also like

Announcements Business Economy Posted on

Ifee Kojo Honored as Visionary Leader at CIO and C-Suite Awards 2024

Author admin 0 104
post-image

In a remarkable moment of recognition, Ifee Kojo, PhD, the Country Manager for Hewlett Packard Enterprise (operated by Selectium), was honored as one of the Visionary Leaders in Technology and Business at the 5th Edition of the prestigious CIO and C-Suite Awards 2024.

A seasoned business leader, ethics advocate, coach, and facilitator, Dr. Kojo’s recognition at the awards highlights her profound impact on the technology and business sectors. The CIO and C-Suite Awards, renowned for celebrating leadership, innovation, and excellence across Africa, recognized her as an influential figure whose contributions have advanced both technological advancements and ethical business practices.

Dr. Kojo shared her gratitude with those who have supported her throughout her career. “I am humbled and deeply honored to be recognized as one of the Visionary Leaders in Technology and Business. This achievement is not mine alone. It is a reflection of the incredible teams I have worked with, the…

Read More
Announcements Business Economy Government Investments Technology Technology Trends Posted on

Dr. Vincent Olatunji Appointed as ID4Africa Deputy Ambassador for Nigeria

Author admin 0 160
post-image

 

Dr. Vincent Olatunji, the National Commissioner of the Nigeria Data Protection Commission (NDPC), has achieved a significant milestone with his appointment as the ID4Africa Deputy Ambassador for Nigeria. This new role, set to commence on January 1, 2025, places Dr. Olatunji at the forefront of identity development efforts across Africa, solidifying his reputation as a key advocate for digital transformation and data protection.

The appointment is a recognition of Dr. Olatunji’s outstanding contributions to the fields of identity management and digital innovation. Announced by Dr. Joseph Atick, Executive Chairman of ID4Africa, the decision reflects Olatunji’s consistent dedication to advancing secure and inclusive identity systems, both within Nigeria and across the continent.

As a Deputy Ambassador, Dr. Olatunji becomes a member of the ID4Africa Ambassadors Bureau, an influential body that drives the vision of the ID4Africa Movement. This Bureau also serves as the Ambassadors Council, a governance platform that steers the continent’s…

Read More
Announcements Autos Business Posted on

Imo and Abia Must Wake Up: The Urgent Need to Boost IGR for Development

Author admin 0 89
post-image

 

The recent Value Added Tax (VAT) contributions and allocations for South-East states from January to October 2024 have exposed a deeply troubling reality. While other states in the region, such as Anambra, Ebonyi, and Enugu, are making significant strides in generating revenue, Imo and Abia—both oil-producing states—are failing to live up to their potential.

Here’s a quick look at the VAT numbers:

Anambra: Contributed ₦40.13 billion, received ₦63.35 billion (157.9%).

Ebonyi: Contributed ₦21.98 billion, received ₦49.97 billion (227.3%).

Enugu: Contributed ₦12.99 billion, received ₦54.76 billion (421.4%).

Abia: Contributed just ₦6.50 billion, received ₦51.59 billion (793.1%).

Imo: Contributed a paltry ₦3.33 billion, yet received ₦57.22 billion (1,715.9%).

Imo and Abia, both blessed with abundant natural resources, are lagging embarrassingly behind in revenue generation. Despite their oil-producing status, these states seem to be content with their reliance on federal allocations while failing to harness the economic potential within their borders.

Imo State: A Wasted Opportunity in Tourism and Hospitality

Imo…

Read More
Business Culture Economy Government Posted on

Peter Obi Decries Nigeria’s Endemic Corruption, Calls for Accountability on International Anti-Corruption Day

Author admin 0 94
post-image

 

As the global community marks International Anti-Corruption Day, former Anambra State Governor and presidential hopeful, Peter Obi, has issued a strong condemnation of the pervasive corruption undermining Nigeria’s development. Obi described corruption as the “bane of our national development” and urged both leaders and citizens to take decisive action against it.

In a statement released to the media, Obi referenced recent findings by the Independent Corrupt Practices and Other Related Offences Commission (ICPC), which highlighted how corruption has crippled Nigeria economically and socially. He also cited the nation’s low ranking of 145 out of 180 on the Corruption Perception Index and its classification among the 11 worst-governed African countries over the past decade.

“From lack of transparency in budgeting and allocation of funds to the misappropriation of public resources, corruption manifests in various ways across different levels of government,” Obi said. He noted specific issues such as budget padding, contract inflation,…

Read More
Business Culture Posted on

Africa’s Largest Rice Importers in 2023: Cote D’Ivoire Tops the

Author admin 0 81
post-image

 

The 2023 figures for rice imports across Africa reveal a significant disparity in import volumes among countries, with Cote D’Ivoire emerging as the continent’s largest importer. According to data from Trade Map, the top 10 African rice importers collectively represent billions of dollars in imports, highlighting the growing demand for the staple crop in the region.

Top 10 African Rice Importers in 2023:

1. Cote D’Ivoire – $722.1 million

2. Benin – $653.4 million

3. South Africa – $634.7 million

4. Senegal – $498.0 million

5. Kenya – $392.4 million

6. Mozambique – $349.5 million

7. Guinea – $335.8 million

8. Niger – $307.0 million

9. Ghana – $286.3 million

10. Djibouti – $273.6 million

 

Cote D’Ivoire leads with an import value of $722.1 million, closely followed by Benin and South Africa, whose imports were valued at $653.4 million and $634.7 million, respectively. These figures underscore the critical role rice plays in these economies as a dietary staple and its contribution…

Read More
Business Opinion Posted on

Trump Weighs in on Syria: A Call for Caution and Non-Involvement

Author admin 0 74
post-image

 

In a fiery and candid statement shared via his Twitter account (now X), Donald Trump, the incoming President of the United States, addressed the intensifying conflict in Syria. His remarks touched on the dramatic advances made by opposition fighters, the limitations of Russian influence, and what he sees as a historical misstep by the Obama administration.

According to Trump, the opposition forces have launched a highly coordinated and unprecedented offensive, successfully taking over numerous cities and now positioning themselves on the outskirts of Damascus. This move, he noted, suggests they are preparing for a decisive attempt to overthrow President Bashar al-Assad’s regime.

Trump pointed to Russia’s diminished ability to intervene, citing their heavy losses in Ukraine. “Russia seems incapable of stopping this literal march through Syria, a country they have protected for years,” he remarked, adding that the toll of the Ukraine conflict, with over 600,000 Russian soldiers reportedly lost, has…

Read More
Business Culture Economy Education Energy Posted on

NNPC Recruitment: Over 45,000 Applicants Compete as GCEO Champions Fairness and Inclusivity

Author admin 0 73
post-image

 

The race for a spot at the Nigerian National Petroleum Corporation Limited (NNPC Ltd.) officially kicked off today as 45,689 hopefuls sat for the Computer-Based Aptitude Test, held at multiple centers across the country. This highly anticipated recruitment exercise underscores the corporation’s commitment to fostering meritocracy and equal opportunities in its hiring process.

In a demonstration of his hands-on leadership, NNPC’s Group Chief Executive Officer (GCEO), Mr. Mele Kyari, visited the Ansar-Ud-Deen Society Centenary Resource Centre in Maitama, Abuja, one of the key test centers. His presence was aimed at ensuring the process was conducted transparently, efficiently, and fairly.

Mr. Kyari’s visit also highlighted the organization’s dedication to inclusion. Special provisions were made for applicants with disabilities, ensuring they could take the test without facing any obstacles. “At NNPC, we believe in equal opportunities for all. Our workforce should reflect the diversity and talent Nigeria offers, and no one should be…

Read More
Business Economy Posted on

Bitcoin Expert Blord Achieves Landmark Success in Real Estate: Sells Out First Batch of Luxury Estate in Record Time

Author admin 0 91
post-image

 

In an extraordinary display of entrepreneurial prowess, Blord, a renowned Bitcoin expert, has made a remarkable debut in the real estate sector. The tech-savvy entrepreneur, celebrated for his insights into cryptocurrency, recently launched the prestigious City of David Estate in Ebenebe, Anambra State, marking a new chapter in his business journey.

The estate’s first batch of 30 plots, each valued at ₦15 million, was completely sold out within a record-breaking 72 hours of the official launch. This milestone underscores not only the demand for premium real estate in the region but also Blord’s growing reputation as a visionary investor capable of navigating diverse industries with precision.

Strategically located in Ebenebe, City of David Estate boasts a total of 140 plots, offering luxury living in a serene and secure environment. With state-of-the-art infrastructure and top-tier amenities, the estate is fast becoming a coveted address for discerning buyers.

Speaking on the phenomenal success of…

Read More