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Tag: Bank of Industry

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Fidson commends BoI for concessionary pharmaceutical financing

Fidson Healthcare Plc has commended the Bank of Industry for providing concessionary financing that has supported the growth of pharmaceutical manufacturing in Nigeria. Vanguard reported that the commendation followed a visit by delegations from the European Investment Bank and BoI to Fidson’s manufacturing facility in Sango-Ota, Ogun State. The visit was part of the implementation […]

BOI extends RAPID funding application deadline for MSMEs
Business

BoI disbursed N1.27tn to businesses across 14 sectors in 2024

The Bank of Industry reported that it disbursed over N1.27 trillion in 2024, both directly and indirectly, to businesses spanning 14 economic sectors. The bank noted that these interventions helped create and sustain more than 900,000 jobs across the country during the year. BoI Managing Director and CEO, Dr. Olasupo Olusi, made this disclosure on […]

BOI extends RAPID funding application deadline for MSMEs
Banking

BOI unveils sustainable finance framework to drive inclusive, green growth

The Bank of Industry has unveiled its Sustainable Finance Framework, a strategic plan that underscores its dedication to promoting responsible, inclusive, and environmentally sustainable development nationwide. The framework is aligned with BoI’s 2025–2027 corporate strategy, which focuses on long-term development impact, environmental responsibility, social inclusion, and the creation of shared value—while tackling both national and […]

BOI extends RAPID funding application deadline for MSMEs
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Bank of Industry gives N3bn to support Katsina businesses

The Bank of Industry has donated N3 billion to Katsina State to support local businesses. The Katsina State Government announced the donation on September 12, 2024, via its official X page, calling it a “significant gesture” for residents. In June 2024, the Bank of Industry announced on Instagram its partnership with the Katsina State Government […]

FG deducts N256.5bn for gas projects in six months
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Tinubu appoints new executive directors to BOI

President Bola Tinubu has appointed Rotimi Akinde and Ifeoma Uz’Okpala as Executive Directors of the Bank of Industry. This was disclosed in a statement released on Wednesday by the Head of Public Relations Division of BOI, According to TheCables. BOI said Olayinka Akinde has been appointed as the Executive Director of Corporate Finance and Risk […]

BOI pledges support for SMEs, Rivers' industrial hubs
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Why DFIs must find new ways to fill financing gap – BoI MD

The Association of Nigerian Development Finance Institutions’ chairman, Mr. Olukayode Pitan, has stated that in order to close the financial gap and spur the necessary transformational changes in Nigeria, DFIs require new perspectives, inventive strategies, and coordinated efforts. According to The Punch, Pitan made this statement on Thursday in Abuja at the third annual general meeting […]

Banking News

BoI Group records N62.28bn profit

The Bank of Industry Group on Tuesday said its profit before tax rose by 75 per cent to N62.28bn at the end of December 31, 2021, from N35.54bn recorded in the corresponding period of 2020. A statement from the bank on its financial performance said discounted for tax, the profit for the year under review […]

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