Tag: Bank of Industry

Northern Business Forum loan applicants cry of marginalisation by Bank of Industry

Aminu Imam
NBF loan applicants cry out

…Challenge MD to disclose State-by-State ₦644.9bn disbursed in 2025 The Bank of Industry (BOI) has been challenged by the Concerned Northern Business Forum (NBF) by its Spokesman, Abdallah Zubair Rimi, to disclose by each geo-political zones on its claim that disbursed ₦644.9 billion to businesses in 2025, with 20% of the funding directed to women- and youth-led enterprises as part of efforts to promote inclusive economic growth. The bank said the interventions supported approximately 1.68 million jobs across various sectors of the economy. The BoI Managing Director and Chief Executive…

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BoI raises $5bn, plans N120bn MSME support

Aminu Imam
BoI raises

Managing Director of the Bank of Industry, (BoI), Olasupo Olusi, says the bank has raised over $5 billion from the international capital markets through EuroBonds, loan syndications, and green finance instruments since 2017. Olusi disclosed this on Thursday, at the BoIs 65th anniversary news conference in Lagos, highlighted the banks evolution from its establishment as the Investment Company of Nigeria in 1959 to its transformation into the BoI in 2001. The BoI MD noted that the bank also concluded global loan syndication that raised not less than 2 billion in…

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