A bank can be extremely liquid and still be unwilling to finance a five-year manufacturing project, a power project, an agricultural processing plant or an MSME without substantial collateral.
The Bank of Industry (BOI) disbursed a record ₦644.9bn to businesses in 2025, up 26.2 percent from ₦510.9bn in 2024, while creating or supporting 1.68 million jobs.
BOI’s ₦250 billion Series 1 fixed-rate bond was oversubscribed within five working days.
The bank says strong demand reflects investor confidence in BOI and Nigeria’s domestic capital market.
A ₦100 billion government-approved fund will help BOI cushion borrowing...
BOI’s ₦250bn-equivalent facility could give manufacturers, processors, technology firms, renewable-energy companies and exporters access to longer-term capital for expansion.
Experts say affordable development finance is critical as high commercial lending rates continue to constrain investment and business growth...
The Bank of Industry has opened subscriptions for a ₦250bn five-year fixed-rate bond to raise long-term funding for businesses across key sectors of the Nigerian economy.
The bond, which offers a yield of between 17.35% and 17.50%, will...
July 06, (THEWILL) — The Bank of Industry (BOI) has launched the inaugural edition of its Annual Development Impact Report, marking a major milestone in the institution's evolution from measuring success by the volume of loans disbursed to assessing...
February 12, (THEWILL) — President Bola Ahmed Tinubu has commended the Bank of Industry (BoI) for achieving ₦636 billion in loan disbursement to businesses in 2025, the highest annual financing volume in the institution’s history.
In a statement...
February 09, (THEWILL) — The Bank of Industry (BoI) has secured approval from the Central Bank of Nigeria (CBN) to operate a non-interest banking window, marking a significant step in expanding alternative financing options for businesses.
The approval allows BoI...
December 08, (THEWILL) – The Bank of Industry (BoI) and African Guarantee Fund (AGF) have signed a 50 million dollars portfolio guarantee agreement in support of the African Development Bank’s Group (AfDB) Affirmative Finance Action for Women in Africa...
November 24, (THEWILL) - The Managing Director of the Bank of Industry (BoI), Mr. Olasupo Olusi, has disclosed that the bank has raised over $5 billion from international capital markets since 2017.
Olusi made this known at the BoI’s 65th-anniversary...
South African Presidential Spokesperson, Vincent Magwenya, said Ramaphosa had no involvement in the broadcast disruption, insisting that the incident was an operational matter and not a deliberate attempt to silence Nigeria.
