30 results
- 27 Jan 2014
NEXIM Bank Bags Best Performing African DFI
The Association of African Development Finance Institutions (AADFI) has rated the Nigerian Export-Import Bank (NEXIM) as ‘Best Performing African DFI.’ The decision was an outcome of the ‘2013…
- 1 Feb 2022
CDC Establishes Ghana Presence with Appointment of New Coverage Director
CDC Group, the UK's development finance institution (DFI) and impact investor, on Monday announced the appointment of Kwabena Asante-Poku as Coverage Director for Ghana, effective 1 February 2022.…
- 27 Oct 2021
CBN Targets 25,000 Women, Youths in Fresh Push
In its drive to ensure the Digital Financial Inclusion, DFI, of women and youth across Nigeria, the Central Bank of Nigeria, CBN, has targeted 25,000 among the two group for immediate outreach. The…
- 4 Jul 2022
British International Investment Commits $20m to Mobility Fintech
British International Investment (BII), the UK government’s Development Finance Institution (DFI), formerly known as CDC Group has introduced its new name and announced a $20 million, 4-year…
- 30 Jun 2022
British International Investment Commits $20m in Moove a Nigerian Fintech Mobility Firm
British International Investment (“BII”), and Development Finance Institution (DFI), have announced a US $20 million, 4-year structured credit investment in Moove – a mobility fintech democratising…
- 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),…
- 17 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…
- 5 Nov 2024
Standard Chartered, BII Renew $350 million Commitment to Support Trade Finance in Emerging Markets
Standard Chartered, a leading international cross-border bank, and British International Investment (BII), the UK’s development finance institution (DFI) and impact investor, announce the signing of…
- 6 Aug 2014
CBN to Raise DFIs Capital Base to N100Bn
The likes of Bank of Industry (BoI), so-called development finance institutions (DFIs) will be required to shore up their capital base to N100 billion, if the Central Bank of Nigeria (CBN) goes ahead…
- 13 Apr 2026
Digital "Pickpockets" Compromise Over a Million Banking Accounts - Kaspersky
More than one million online banking accounts were compromised by infostealers last year, as financial cyberthreats shifted toward credential theft and data reuse. Pic credit...cybelangel.com…
- 2 Dec 2014
IFC to Provide $80M Debt Financing to Azura-Edo Investment
IFC, a member of the World Bank Group, signed agreements to provide $80 million of debt financing to Azura Power West Africa Limited, a 450 MW gas-fired independent power project in Nigeria (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…
- 5 Oct 2020
Greenwich Merchant Bank Commences Operations, Unfolds Expansion Plan
The newly licensed Greenwich Merchant Bank Limited has commenced operations even as it announced plan to position itself as the go-to institution for providing financial services to both local and…
- 6 Jan 2021
AFC Secures $250m Loan from United States’ DFC
The Africa Finance Corporation (AFC) has announced that it has successfully secured a $250 million tier-2 capital loan from United States’ International Development Finance Corporation (DFC). Formed…
- 4 Oct 2021
BOI’s Disbursement to SMEs, Large Enterprises Hits Over N1trn in 6 Years
The Bank of Industry (BoI) has revealed that its disbursement to Micro, Small and Medium Enterprises (SMEs) and large enterprises has reached over N1trillion in six years. According to the…
- 23 Mar 2016
IFC, Ecobank, Other Partner to Boost SME Finance Across Africa
IFC, a member of the World Bank Group, the European Investment Bank (EIB) and Ecobank Transnational Incorporated (ETI), parent company of the Ecobank Group and leading pan-African full-service…
- 16 Dec 2021
Ventures Platform Secures First Close of US$40mn Pan-African Fund
Ventures Platform, the early-stage “discovery” venture capital fund championing the next generation of African entrepreneurs, has announced the first close of its new US$40m Pan-African, early-stage…
- 11 May 2022
FBNQuest Continues to Support the Growth of Technology Startups in Africa
FBNQuest, the investment banking and asset management subsidiary of FBN Holdings Plc continues to demonstrate its support to the growth of technology startups in Africa through its recent…
- 3 Jul 2022
NCC Assures Underserved Communities of Ubiquitous Broadband Penetration
Nigeria’s grass root communities and the underserved population of the country will not be left out of the national broadband plan when the implementation comes to fruition. L-R: Freda Bruce-Bennet,…
- 27 Aug 2013
Okonjo-Iweala Inaugurates Sarah Alade-led NEXIM Board
The Board of the Nigeria Export-Import Bank (NEXIM) recently reconstituted by President Goodluck Ebele Jonathan, has been inaugurated by Dr. Ngozi Okonjo-Iweala, coordinating minister for the Economy…
- 10 Nov 2023
BOI Raises $5bn from International Finance Institutions
Dr. Olasupo Olusi, the Managing Director and Chief Executive Officer Bank of Industry (BOI), has said BOI has worked with their partners to raise over $5 billion from several international financial…
- 26 Dec 2023
Union Bank: CBN Investigator Invites Titan Trust Bank Officials
Jim Obazee, special investigator appointed by President Bola Tinubu to probe the activities of the Central Bank of Nigeria (CBN), has once again invited three top officials of Titan Trust Bank (TTB)…
- 1 May 2024
FCMB Group Records 186% Profit Growth, Proposes 50k Dividend
For the year ended December 31, 2023, FCMB Group Plc grew deposits, loans, assets under management, revenue and earnings and improved its environmental, social, and corporate governance scorecard.…
- 13 Sept 2024
NIMASA, BOI Partner to Grow Capacity In Maritime Sector
Nigerian Maritime Administration and Safety Agency (NIMASA) and the Bank of Industry (BOI) have initiated discussions on strategies for capacity building in the maritime industry. Dr. Dayo Mobereola,…
- 4 Aug 2013
NATCOMS Demands N5,000 for 12 Years of Poor QoS
National Association of Telecommunications Subscribers (NATCOMS) has asked all GSM network operators to credit all subscribers with N5 000 as compensation for 12 years of unbearable quality of…
- 3 Jul 2025
IFC, AfDB Collaborate with EbonyLife Media to Explore Supporting the African Film Industry to Drive Job Creation
As part of their ongoing efforts to support the growth of Africa’s creative industries and drive job creation in the region, IFC and the African Development Bank have announced a collaboration with…
- 21 Jan 2017
BoI Unveils N1Bn Solar Energy Fund
The Bank of Industry (BoI) has launched its N1-billion solar energy fund to boost its off-grid electricity generation project. The fund would be made available to firms partnering with the bank in…
- 17 Jul 2018
BoI Secures $750M Afreximbank Loan at Single Digits for MSMEs
Bank of Industry (BoI) will be disbursing the $750 million (N250 billion) syndicated loan facility which she received from the African Export-Import Bank (Afreximbank) to Micro, Small and Medium…
- 10 Nov 2017
UNIZIK Designs Software for Electronic Health Record
Some researchers in the Faculty of Pharmaceutical Sciences, Nnamdi Azikiwe University, Awka, Anambra State, have designed the Electronic Patient Record with Integrated Drug Information System…
- 12 Sept 2019
BOI to Boost Entrepreneurship Devt with Technology Hubs
Bank of Industry (BoI) has announced plans to roll out programmes geared towards building the capacities of entrepreneurs to ideate, incubate and launch successful businesses deploying the use of…