30 results
- 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…
- 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…
- 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…
- 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…
- 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…
- 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…
- 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…
- 29 Sept 2016
Bank of Industry, UNDP Seal $2m Solar Energy Pact
The Bank of Industry (BoI) yesterday sealed a $2m (N611m) agreement with the United Nations Development Programme for the implementation of solar electrification projects in some select…
- 7 Jan 2017
BoI Disburses N3.1Bn to 14 Microfinance Banks
The Bank of Industry (BoI) says it disbursed N3.1 billion to 14 microfinance banks under its Bottom of Pyramid (BOP) scheme. The scheme is among others designed to enhance the financial inclusion of…
- 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…
- 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…
- 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,…
- 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,…
- 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…
- 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…
- 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),…
- 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…
- 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…
- 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…
- 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…
- 4 Jun 2015
BoI Launches SME Mobile App, 4 Other Applications
Bank of Industry Limited (BoI), as part of efforts in repositioning the operational systems, process and services by taking advantages of the digital and mobile era to offer its numerous customers…
- 23 May 2022
BoI declares N7.89Bn Dividends to Shareholders
Bank of Industry (BOI) has declared a dividend payment of N7.89bn for the 2021 financial year. Mallam Aliyu Dikko, chairman, Board of Directors, announced the results during the bank’s 62nd Annual…
- 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…
- 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…
- 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…
- 4 Feb 2021
Procter & Gamble Partners Ministry of Industry, Others for the launch of P&G - BoI SME Academy
In a bid to enhance the capabilities of small and medium enterprises (SMEs) in Nigeria, leading consumer goods company, P&G, has partnered with the Federal Ministry of Industry, Trade and…
- 23 Apr 2021
BoI Plans Tech Hubs to Tackle Youth Unemployment
Bank of Industry (BoI) has announced plans to establish tech hubs to address the menace of high level of youth unemployment currently at 33.3 per cent in the country. Specifically, the bank stated it…
- 28 Apr 2020
BoI Grants 3 Months Moratorium on Loans
Bank of Industry (BoI) has granted three months moratorium to all loans it extended to its customers to enable them cope with the negative impact of the COVID-19 pandemic on their businesses. 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…