30 results
- 18 Feb 2026
BoI Secures CBN’s Approval for Non-interest Banking Operation
Bank of Industry (BOI) has received approval from the Central Bank of Nigeria (CBN) to operate a Non-Interest Banking (NIB) Window. Theodora Amechi, bank’s divisional head, Public Relations, said the…
- 8 May 2017
Bank of Industry Provides N300m Loan to Creative Industry
The Bank of Industry (BoI) has sealed a memorandum of understanding with the National Council for Arts and Culture to provide the sum of N300m loan for operators in the creative industry. The…
- 8 Feb 2026
BOI Secures CBN Nod for Sharia Banking, Unlocks Ethical Funding Boom
Bank of Industry (BOI) has received Central Bank of Nigeria (CBN) approval to launch a Non-Interest Banking (NIB) Window, expanding ethical financing for underserved businesses nationwide. BOI The…
- 16 Feb 2022
Bank of Industry Launches EUR700m Eurobond
The Bank of Industry (BOI), assisted by Rand Merchant Bank (RMB) has issued a EUR700m Eurobond by way of 144A/RegS Senior Note Participation Notes, irrevocably and unconditionally guaranteed by the…
- 2 Jul 2026
BoI, NBCC Sign MoU to Deepen Bilateral Trade, Industrial Growth and Investment
The Bank of Industry (BoI), Nigeria's foremost Development Finance Institution (DFI), has signed a landmark Memorandum of Understanding (MoU) with the Nigerian Belgian Chamber of Commerce (NBCC),…
- 27 Sept 2021
Fitch Upgrades Bank Of Industry’s National Rating to ‘AAA(Nga)’
Fitch Ratings has upgraded Bank of Industry’s (BoI) National Long-Term Rating to ‘AAA(nga)’ from ‘AA+(nga);’ and affirmed the Nigeria-based bank’s Long-Term Issuer Default Rating (IDR) at ‘B’ with a…
- 25 Apr 2022
BoI, UNIDO Partners to Boost Industrial Energy Efficiency
The Bank of Industry (BOI) and the United Nations Industrial Development Organisation (UNIDO) have partnered to improve the nation’s industrial energy efficiency, a move both organisations described…
- 12 May 2022
Lagos Leather Fair Partners BOI, SMEDAN to Promote Nigeria’s Leather Industry
Mrs. Femi Olayebi, founder, Lagos Leather Fair, said the platform is planning to collaborate with Bank of industry and the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) to…
- 27 Sept 2023
Pitan, BoI Boss Bags African Banking Award in New York
Mr. Olukayode Pitan, the Chief Executive of Bank of Industry, BoI, has been honoured with the Special African Banking Leadership Commendation Award during the just-concluded 9th edition of the…
- 16 Jul 2026
BOI Pledges to Drive Nigeria's Cocoa and Dairy Sectors with 70% of its €85m EIB Facility
Bank of Industry (BOI) has secured a €60 million credit facility from the European Investment Bank to fund Nigeria’s cocoa and dairy value addition drive, with a focus on processing, ingredients and…
- 16 Sept 2018
BOI, Export-Import Bank of China Sign MoU on $500m Financing Support
The Bank of Industry (BOI), Nigeria’s leading Development Finance Institution (DFI), and the Export-Import Bank of China (CEXIM) have signed a Memorandum of Understanding (MoU) on a $500 million…
- 20 Apr 2026
BOI, RMRDC Seal MoU to Address Agric Value Chain Challenges, Boost Nigeria’s GDP
Bank of Industry (BOI), Nigeria’s foremost Development finance institution and the Raw Materials Research and Development Council (RMRDC) have sealed a strategic partnership agreement to strengthen…
- 13 Jul 2020
COVID-19: Bank of Industry to Support Hard-Hit Businesses
Bank of Industry (BOI) is reviewing strategies to ensure continuous support for enterprises, especially those hard hit by the COVID-19 pandemic. Specifically, it is deepening penetration in…
- 30 Jun 2026
Bank of Industry Appoints Kuramo Capital as Manager of Dice Fund of Funds
The Bank of Industry (BOI), the Implementing Agency for the Investment in Digital and Creative Enterprises (iDICE) Programme of the Federal Government of Nigeria, has announced the appointment of…
- 26 Jun 2012
Aviation Crisis: Industry Indicts Banks
Either by mistake or in the hope that it will not be noticed, Nigerian banks gave airlines in the country less change than is right, leaving them to bleed profusely with debts running into billions,…
- 30 Jan 2022
BoI, World Bank to Partner on $158m Fund for MSMEs
The World Bank has partnered with the Bank of Industry to provide a $158m lifeline to 650,000 Micro, Small and Medium Enterprises in Nigeria. According to the BoI Growth Platform’s Aid for…
- 19 Feb 2025
Bank of Industry Pledges to Support SecureID Expansion to East Africa
The Bank of Industry (BoI) has reiterated its commitment to supporting SecureID, Africa’s leading smart card manufacturing company as the firm expands operations to East Africa. Olasupo Olusi,…
- 14 Dec 2022
Bank of Industry, IFC Partner to Empower MSMEs
The International Finance Corporation (IFC) and the Bank of Industry (BoI) have partnered to strengthen trade and boost access to finance for micro, small and medium-sized enterprises (MSMEs) in…
- 25 Nov 2024
BoI Raises Over $5Bn Funding, 2Bn Euro Syndications
In its bid to provide adequate funding for Nigeria’s industrial development finance, the Bank of Industry Limited, BoI, has raised over $5 billion in international funding instruments. The bank has…
- 2 Aug 2010
CBN Pumps N130 Billion into Real Sector
The Central Bank of Nigeria (CBN) has released over N130 billion to small and medium scale enterprises (SMEs) through the Bank of Industry (BOI). The fund will be accessed through authorized…
- 23 Jul 2026
UBA Wins Nigeria's Best ESG, Retail Bank Awards @ 2026 Euromoney Awards
United Bank for Africa (UBA) Plc has been named Nigeria's Best Bank for Retail Banking and Best Bank for Sustainability Leadership (ESG) at the 2026 Euromoney Awards for Excellence, reinforcing its…
- 21 Sept 2025
FGN MSME Funds: Fidelity Bank Begins Disbursement Nationwide
Tier One Lender, Fidelity Bank Plc, has commenced the disbursement of the Federal Government of Nigeria’s (FGN) MSME Intervention Funds, administered by the Bank of Industry (BOI), to qualified SMES…
- 14 Dec 2021
BoI Wins SERAS Awards for Impact in Financial Inclusion
The Bank of Industry (BOI) has received top honours at the just concluded Sustainability, Enterprise and Responsibility Awards also known as the SERAS CSR Awards 2021. BOI won the award for the ‘Best…
- 6 Feb 2013
AfDB Supports Export-Oriented SMEs to Boost Local Job Creation in Nigeria
African Development Bank (AfDB) yesterday signed an agreement to provide two sovereign-guaranteed multi-tranche lines of credit (LoCs) of respectively $500 million to Bank of Industry (BOI) and…
- 26 Apr 2026
BOI MD, Olasupo Olusi, Charts Tech-Driven Path to Growth for Nigeria
Dr. Olasupo Olusi, the Managing Director of the Bank of Industry (BOI), has challenged Nigeria to urgently convert its vast reservoir of talent into measurable productivity, declaring that the…
- 7 Feb 2024
BoI, IFC Partner to Enhance Finance Accessibility, Export Credit
The Bank of Industry (BoI) and the International Finance Corporation (IFC) have partnered to enhance the accessibility of finance and export credit, contributing to the advancement of Nigeria’s…
- 20 Mar 2020
BOI Raises $1Bn from International Capital Market for SMEs
Bank of Industry (BOI) said it has raised €1 billion (approximately $1.11billion) from the international capital market, towards revitalising Nigeria’s industrial sector and creating 10 million jobs…
- 19 Jul 2010
Third BOI Board of Directors Inaugurated
The Federal Ministry for Commerce and Industry has inaugurated the third Board of Directors of the Bank of Industry (BOI) Limited towards priming the bank for the strategic role it has to play in the…
- 18 Mar 2026
BoI, MTN Foundation Launch N1Bn Fund for Women Entrepreneurs
Bank of Industry (BoI) and MTN Nigeria Foundation have launched a N1 billion Y’ellopreneur 3.0 Matching Fund to support women-owned businesses across Nigeria. The fund was launched at the official…
- 16 Jul 2017
BoI, MFBs Collaborate to Fund SMEs
Bank of Industry (BoI) is expanding its partnership with microfinance banks to increase access of small businesses to micro credit, according to Mr. Olukayode Pitan, managing director, BoI. Pitan…