At the Bank of Industry, we fulfil our mandate of transforming Nigeria''s
The Bank of Industry (BOI) sponsored and commissioned the BOI-UNILAG
Resources Access our extensive hub of economic insight, information, and
The Bank of Industry assists projects to generate considerable multiplier effects
Our People We are a team of Nigerian professionals with world-class training
Sustainability is imperative for the achievement of the development goals of
Book a Consult We are ready to help you simplify your loan application process. All
The fund was established to support Nigerian micro, small and medium
The State and BOI matching funds are based on a partnership between the
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The Bank of Industry is located all over Nigeria and mandated to provide financial assistance for the establishment of large, medium and small projects as well as expansion, diversification and modernization of existing enterprises; and rehabilitation of ailing industries.
It uses its large balance sheet and its ability to access cheaper funding from overseas and the Central Bank of Nigeria (CBN) intervention funds to aid Nigerian businesses, especially manufacturers and large, medium scale enterprises, as well as SME''s.
In 2020, the Bank got a CBN guarantee and was able to borrow Euros 1 billion (One Billion Euros) through a syndication by International Banks led by AFREXIM Bank, Credit Suisse, Rand Merchant Bank and Sumitomo Mitsui Banking Corporation as Co-Lead Arrangers, Book runners and Underwriters, for on lending to SMES in Nigeria to create jobs.
In the 2019 financial year, Fitch revised the outlook on the Long-Term Issuer Default Ratings (IDR) of the BOI to negative from stable, primarily due to the outlook of the sovereign.
The Bank also manages dedicated funds and through its subsidiaries, provides business advisory services, trusteeship, leasing, and insurance brokerage.
Authorized share capital for the BOI was initially set at N50 billion and in 2001 it was later increased to N250 billion in order to put the Bank in a better position to be in tune with the nation''s rising economic profile and in line with its mandate.
FIRST FLOOR, FLEET HOUSE NO 105 OLU-OBASANJO ROAD, OPP DOMINO PIZZA PORT HARCOUT
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