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September 2015

July 2015

June 2015

FITCH RATES BANK OF INDUSTRY AT ‘BB-‘; OUTLOOK NEGATIVE AND ‘AA+ (NGA)

  Fitch Rates Bank of Industry at 'BB-'; Outlook Negative and 'AA+ (nga)  Fitch Ratings-London-25 June 2015: Fitch Ratings has assigned Nigeria-based Bank of Industry Limited (BOI) a Long-term Issuer Default Rating (IDR) of 'BB-' with a Negative Outlook and a Short-term IDR of 'B'. Fitch has also assigned BOI a [...]

BOI’S AUTOMOTIVE FUND HITS N18.09B

            BOI’S AUTOMOTIVE FUND HITS N18.09B The Bank of Industry (BoI) National Automotive Council (NAC) Fund has grown to N18.09 billion since inception in 2003. The fund is aimed at developing the automotive sector by financing projects in the industry and the annual budgetary approval for capital and recurrent expenditures of NAC. [...]

Emzor, Nestle, Peugeot among BoI beneficiaries

The Bank of Industry, one of Africa’s most active development banks, has continued to impact the Nigerian manufacturing sector positively through efficient single-digit funding. Companies that have so far benefitted from the bank’s loans include Emzor Pharmaceuticals Limited, Nestle Nigeria plc, Peugeot Automotive Nigeria Limited, Innoson Technical & Industrial Company Limited, Eastern Metals [...]