Moody's Investors Service ("Moody's") has affirmed Bank of Industry's (BoI) B2 corporate family rating (CFR) and long-term issuer ratings, and changed the issuer outlook from negative to stable. The rating action follows the rating agency's decision...
Bank of Industry (BoI) Limited has received an upgraded rating from ‘Aa’ to ‘Aaa’ with a stable outlook by a leading African credit rating agency, Agusto & Co. The upgrade, according to the agency, is to...
The Senate Committee on Industry, yesterday, clashed with officials of the Bank of Industry (BOI) over details of loan beneficiaries. While the senators wanted their identities Managing Director of BOI, Olukayode Pitan, who appeared before the...
The Bank of Industry (BOI) and the Ebonyi State Government have signed a Memorandum of Understanding (MoU) on the programme execution and management of funds for the Nigeria COVID-19 Action Recovery and Economic Stimulus (NG-CARES). The...
The Bank of Industry (BOI) has become an official Signatory of the UN Principles for Responsible Banking, a single framework for a sustainable banking industry, developed through a partnership between banks worldwide and the United...
The Bank of Industry (BoI) has said that it disbursed over N1trillion to Micro, Small and Medium Enterprises (SMEs) and large enterprises in six years. According to the bank, this was achieved through strong strategic partnerships...
Fitch Ratings has affirmed Nigeria-based Bank of Industry Limited's (BOI) Long-Term Issuer Default Rating (IDR) at 'B' with a Stable Outlook and upgraded its National Long-Term Rating to 'AAA(nga)' from 'AA+(nga).' It said the upgrade of...
The Edo State Government and the Bank of Industry (BOI) have unveiled a Micro Small and Medium Enterprise (MSME) development fund worth N2bn to support entrepreneurs in the state. The fund was launched during a citizens’...
The Bank of Industry (BoI) has unveiled plans to raise 750 million euros ($883 million) from international debt markets through Eurobond sale this year. It says the fund will be used for lending more to...
The Federal Ministry of Industry Trade and Investment has obtained a $1 billion syndicated term loan for Micro, Small and Medium Enterprises (MSMEs) in agribusiness through the Bank of Industry (BOI). The Minister of Industry, Trade...