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Tag: BOI

Business

BOI signs $170m deal with Kuramo Capital

The Bank of Industry has signed a $170.06 million Fund of Funds management contract with Kuramo Capital Management under the Federal Government’s Investment in Digital and Creative Enterprises Programme, in a move aimed at unlocking more financing for Nigeria’s technology, creative and innovation-driven businesses. Nairametrics reported that the development was disclosed on Wednesday in Abuja […]

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NSDC, BOI launch ₦10bn fund for sugar projects

The National Sugar Development Council and the Bank of Industry have established a N10 billion Sugar Project Acceleration Fund to support the development of greenfield sugar projects across Nigeria. The fund aims to provide financing and project development support to viable greenfield initiatives. Its primary goal is to accelerate the growth of a sustainable and […]

Business

NSDC, BOI launch ₦10bn Sugar project acceleration fund for greenfield projects

The National Sugar Development Council and the Bank of Industry have created the Sugar Project Acceleration Fund to support the development and expansion of greenfield sugar projects across Nigeria. The ₦10 billion fund is designed to provide financing and project development support to viable greenfield initiatives, with the goal of fast-tracking the growth of a […]

Agribusiness featured

Agribusiness topped BOI’s ₦636bn credit allocation in 2025

Agribusiness has emerged as the biggest beneficiary of the Bank of Industry’s N636 billion credit push in 2025, reinforcing the nation’s support for the agriculture sector. The record-breaking disbursement marks a significant moment for Nigeria’s leading development finance institution, as it seeks to anchor food security and industrial growth amid persistent macroeconomic headwinds. Agribusiness captured […]

Finance

BoI secures CBN approval for non-interest banking window

The Bank of Industry has received regulatory approval from the Central Bank of Nigeria to operate a Non-Interest Banking Window. This development marks a significant milestone in the bank’s growth and long-term development agenda. A statement from the bank explained that the approval authorises BoI to commence Non-Interest Banking operations. It positions the bank to […]

News

BOI strengthens data protection with ISO certification

The Bank of Industry has achieved a significant milestone in its commitment to global best practices by receiving the ISO/IEC 27701:2019 certification for Privacy Information Management Systems. This certification, issued by the British Standards Institution, extends the bank’s existing ISO/IEC 27001:2022 certification, which was first obtained in 2019. The ISO/IEC 27701:2019 standard aligns with key […]

Banking

AfDB, BOI sign $75m deal to boost local healthcare manufacturing

The African Export-Import Bank and Nigeria’s Bank of Industry have signed a $75 million financing term sheet to support local manufacturers under Nigeria’s Presidential Initiative for Unlocking the Healthcare Value Chain. The agreement, formalized on Thursday during the commissioning of Afreximbank’s African Medical Centre of Excellence in Abuja, aims to bolster domestic production of generic […]

BOI extends RAPID funding application deadline for MSMEs
News

BOI, FSD Africa forge alliance on green finance

The Bank of Industry has formalized a partnership with Financial Sector Deepening Africa through a Memorandum of Understanding aimed at bolstering green financing initiatives in Nigeria. This collaboration is designed to enhance BOI’s sustainability strategy by providing technical assistance, strategic guidance, and capacity development initiatives. According to a statement, the Managing Director of BOI, Dr […]

BOI extends RAPID funding application deadline for MSMEs
News

BoI, AGF partner to unlock $50m in MSMEs financing

The Bank of Industry on Thursday, entered into a $50 million portfolio guarantee agreement with the Guarantee Fund to unlock substantial financing for women entrepreneurs, Micro, Small, and Medium Enterprises, and green businesses in Nigeria. This portfolio, which supports the Affirmative Finance Action for Women in Africa initiative by the African Development Bank, provides guarantees […]

BOI extends RAPID funding application deadline for MSMEs
News

BOI raises €2bn to boost development projects

The Bank of Industry has secured €2 billion through global loan syndication to enhance its financial capacity. The funds will support infrastructure development, SME growth, and industrial diversification across key sectors. BOI Managing Director, Olasupo Olusi, made this disclosure during the bank’s 65th-anniversary celebration on Thursday in Lagos. He stated that the €2 billion is […]

BOI extends RAPID funding application deadline for MSMEs
News

BOI disburses over N37.8bn in trade grant scheme

The Bank of Industry has announced the disbursement of over N37.8 billion under the Presidential Conditional Grant Scheme, also referred to as the Trade Grant Scheme. In a circular released on Sunday, BOI reported that 774,593 individuals and businesses have benefited from the Presidential Conditional Grant Scheme, according to Nairametrics. This initiative aims to support […]

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