Economy Finance Fintech Posted on

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

Author admin 0 354

 

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

Business Opinion Society Technology Technology Trends Telecoms Posted on

Telecom Sector News: Call Rates Set to Increase to N18/Minute Under New Tariff Plan

Author admin 0 20
post-image

In a significant development for Nigeria’s telecommunications industry, the Minister of Communications, Innovation, and Digital Economy, Dr. Bosun Tijani, has announced that telecom service tariffs are set to increase by 30 to 60 percent. This adjustment, far below the 100 percent hike initially demanded by mobile network operators (MNOs), aims to balance industry sustainability with consumer affordability.

During an interview on Channels TV, Dr. Tijani revealed that the new rates would see call charges rise from the current average of N11 per minute to approximately N18.33 per minute, if a 60 percent adjustment is adopted. SMS charges will increase from N4 to N6.67, while the cost of 1GB of data could climb from N1,000 to N1,667.

“The sector drives growth in our country. Allowing a 100 percent tariff increase would be harmful to citizens who heavily depend on telecom services,” Dr. Tijani stated, underscoring the government’s focus on protecting consumers while…

Read More
Business Culture Economy Fintech Opinion Posted on

FRIEND, WHEN YOU SEE THE FOLLOWING SIGNS, KNOW THAT YOUR SACK IS IMMINENT

Author admin 0 76
post-image

 

By Anayo Nwosu

The current economic situation of bank customers that makes it difficult or almost impossible for them to drop idle deposits for their account officers or to even repay their bank loans is like a rat poison to many bankers.

Bank owners or executive management are getting very impatient with bank employees’ low performance on set deposits and profit targets and have decided to curtail their expenses on salaries of staff they have categorized as value eroders or laggards.

This is the time to remember your banker friends in prayers as their seemingly long flap is no longer the size of their brokus.

The reality check is here and that which most bankers had feared most is now upon them. Sack now stares them in the face.

If you are a banker, I encourage you to read and internalize this piece. It is in your own enlightened self interest to do so.

A…

Read More
Business Culture Economy Energy Posted on

Ndubuisi Ekekwe Applauds Dangote Refinery’s Transformational Impact on Global and Local Markets

Author admin 0 43
post-image

 

Renowned Nigerian academic and entrepreneur, Professor Ndubuisi Ekekwe, has commended the Dangote Petroleum Refinery for its groundbreaking contributions to the global and Nigerian energy sectors. In a recent Facebook post, Professor Ekekwe described the refinery as a “game changer” with far-reaching implications for international fuel markets and Nigeria’s economic landscape.

Citing a report from the Organization of Petroleum Exporting Countries (OPEC), he highlighted the refinery’s impressive production capacity and high-quality output, which are redefining market dynamics. “With its impressive production capacity and high-quality petroleum products, the refinery has begun disrupting international fuel markets while gaining traction as the preferred supplier for Nigerian consumers,” Ekekwe noted.

The professor emphasized how the refinery is reducing Nigeria’s dependency on fuel imports, a significant shift that has disrupted global supply chains. He pointed out the decline of several European refineries, which are losing market share to West African producers. While acknowledging the challenges faced by…

Read More
Announcements Business Economy Education Health News Posted on

Peter Obi Reaffirms Commitment to Education and Healthcare Development, Donates ₦10 Million to College of Nursing Sciences, Amichi

Author admin 0 78
post-image

 

Peter Obi, the former Governor of Anambra State and Presidential Hopeful of the Labour Party, has once again demonstrated his dedication to the development of education and healthcare in Nigeria. During a visit to the College of Nursing Sciences, Amichi, Anambra State, Obi shared insights into his long-standing efforts to uplift critical sectors and pledged ₦10 million to support the College’s mission of training healthcare professionals.

A Legacy of Development

Recounting his tenure as governor, Obi spoke about his instrumental role in reviving the Amichi Diocesan Hospital, which had been neglected and overrun by weeds. Collaborating with the hospital’s proprietor, Rt. Rev. Ephraim Ikeakor, Obi facilitated the transformation of the hospital into a functional healthcare center. He also supported the establishment of the School of Nursing, Amichi, which has since grown into the College of Nursing Sciences.

“What began as a vision during my time as governor has blossomed into a beacon…

Read More
Business Economy Posted on

A booming continent needs a new payment infrastructure

Author admin 0 191
post-image

Africa is an exciting, vibrant and creative place to do business. But make no mistake, it has its challenges. Currency devaluation, political instability, and service disruptions are endemic. Africa is not for sissies, as the saying goes.

 

In navigating those challenges, relationships matter. It’s not so much about throwing money at a problem, it’s about investing time, building trust, meeting with partners and regulators, and understanding each other’s needs.

Africa offers an enormous upside for those prepared to make this time investment. The continent’s population is set to reach 2.5 billion (http://apo-opa.co/3W7Kp4w) by 2050, and Africa’s people are embracing digital technology, as the World Bank (http://apo-opa.co/3Waln4F) confirms. They are leveraging digital connectivity to improve their lives, educate themselves, send remittances, and start small enterprises. There is value in investing in that level of human development.

The payments opportunity

Running through this African growth trajectory is…

Read More
Business Economy Government Posted on

Nigeria Data Protection Commission Partners with Civil Service to Advance Privacy Practices

Author admin 0 230
post-image

 

The National Commissioner and CEO of the Nigeria Data Protection Commission (NDPC), Dr. Vincent Olatunji, led a delegation on a courtesy visit to Mrs. Didi Esther Walson-Jack, OON, the Head of the Civil Service of the Federation. The visit, held in Abuja, was aimed at fostering collaboration, promoting privacy awareness, and enhancing data protection practices within Nigeria’s civil service.

During the meeting, Dr. Olatunji highlighted the importance of data protection in the digital era and commended Mrs. Walson-Jack for her unwavering commitment to the rule of law, especially in advancing digitalisation and data protection in Nigeria. He delivered a detailed presentation on the NDPC’s establishment, outlining its strategic roadmap and its alignment with President Bola Ahmed Tinubu’s 8-point agenda, particularly in governance and job creation.May be an image of 5 people, dais and text

Achievements and Plans Shared by NDPC

Dr. Olatunji noted the…

Read More
Business Culture Economy Travels Trends Posted on

Margaret Olele Shares Vision for 2025 with Focus on Empowering Women and Driving Change

Author admin 0 211
post-image

 

Margaret Olele, the Chief Executive Officer of the American Business Council, has highlighted her aspirations for 2025, drawing on the impactful activities she engaged in last year. While some may advocate for leaving the past behind, Olele emphasized that certain initiatives from 2024 have laid the groundwork for her plans to make a significant impact this year, particularly in empowering women and fostering meaningful collaborations.

“Some may suggest we completely shut the door to last year. For me, some activities last year serve as the foundation that will shape the critical part of my 2025 plans. One is involvement with purposeful women-led activities,” Olele stated.

Her efforts included a week in December dedicated to initiatives aligned with her vision. Among…

Read More
Business Economy Technology Technology Trends Telecoms Posted on

Airtel Nigeria Named Most Preferred and Admired Telecommunications Brand at Nigerian NewsDirect Awards

Author admin 0 179
post-image

 

Airtel Nigeria has emerged as the “Most Preferred and Admired Telecommunications Brand” at the 14th Nigerian NewsDirect Awards, solidifying its position as a leading player in the nation’s telecom industry.

The prestigious recognition was conferred at a glamorous gala held at the Lagos Oriental Hotel over the weekend. The award celebrates Airtel Nigeria’s unwavering commitment to innovation, excellence, and its mission to inspire Nigerians with “A Reason to Imagine.”

In response to the accolade, Airtel Nigeria expressed gratitude to the organizers, Nigerian NewsDirect Newspaper, and its dedicated team for their relentless efforts in delivering exceptional service.

“This remarkable recognition is a testament to the hard work and dedication of our team. Together, we’re shaping a brighter future for Nigeria. We’re honored…

Read More