Bank of Industry
Bank of Industry Limited (abbreviated as 'BOI') is the oldest Development Finance Institution (DFI) currently operating in Nigeria. It is owned and managed by the Ministry of Finance.[5]
 | |
| Government Owned Corporation | |
| Industry | Financial Services |
| Predecessor | Investment Company of Nigeria (ICON) Limited Nigerian Bank for Commerce and Industry (NBCI) Nigerian Industrial Development Bank (NIDB) Limited |
| Founded | 1959 |
| Headquarters | 23 Marina Street P.M.B 12855 Lagos Island, Lagos Lagos State Nigeria |
Key people | Olukayode Pitan, (Managing Director) Aliyu Abdulrahman Dikko, (Chairman) |
| Products | Term Loans Working Capital Loans Insurance Products Trustee Services Leasing Services Savings |
 ₦14.57 billion (2016)[1] | |
| Total assets |  ₦682.97 billion (2016)[1] |
Number of employees | 335 (2016)[1] |
| Subsidiaries | BOI Investment Trust Company (BOI-ITC) BOI-Microfinance Bank Limited (BOI-MFB) BOI Insurance Brokers (BOI-IB) Limited LECON Financial Services |
| Rating | National Long Term Rating Moody's: Aa3(11/2017)[2] Fitch: AA+ (2017)[3] Agusto & Co.: Aa (2017)[4] |
| Website | Bank of Industry |
History
Bank of Industry Limited began it operations in 1959 as the Investment Corporation of Nigeria (ICON) Limited. Later, ICON Limited was reconstituted change to Nigerian Industrial Development Bank (NIDB) Limited under the directives of the World Bank.
Branches
The Bank of Industry has a numerous branches network across Nigeria with 24 branches, a headquarters in Lagos State, Nigeria and a corporate office in Abuja. The branches are:
- Abia State
- Abuja, Federal Capital Territory
- Taraba State
- Rivers State
- Sokoto State
- Osun State
- Oyo State
- Ogun State
- Ondo State
- Niger State
- Benue State
- Borno State
- Cross River State
- Delta State
|
- Enugu State
- Gombe State
- Kaduna State
- Kano State
- Katsina State
- Kebbi State
- Kwara State
- Lagos State
References
- ↑ 1.0 1.1 1.2 Bank of Industry Annual Report & Accounts 2016
- ↑ "Moody's downgrades eight Nigerian banks following downgrade of Nigeria's government bond rating". 10 November 2017.
- ↑ https://www.fitchratings.com/site/pr/1019022
- ↑ ":: Agusto & Co. Limited". Archived from the original on 2018-09-18. Retrieved 2021-10-10.
- ↑ "Nigeria's Bank of Industry Plans $883 Million Eurobond Sale" (in en). Bloomberg.com. 2021-08-16. https://www.bloomberg.com/news/articles/2021-08-16/nigeria-s-bank-of-industry-plans-883-million-global-bond-sale. Retrieved 2021-10-10.