Bank of Industry

Bank of Industry Limited (abbreviated as 'BOI') is Nigeria's oldest and largest Development Finance Institution (DFI) currently operating. It is owned by the Ministry of Finance Incorporated (MOFI) Nigeria (94.80%), the Central Bank of Nigeria (CBN) (5.19%) and private shareholders (0.01%).

Bank of Industry Limited
Company typeGovernment Owned Corporation
IndustryFinancial Services
PredecessorInvestment Company of Nigeria (ICON) Limited
Nigerian Bank for Commerce and Industry (NBCI)
Nigerian Industrial Development Bank (NIDB) Limited
Founded1959
Headquarters23 Marina Street
P.M.B 12855
Lagos Island, Lagos
Lagos State
Nigeria
Key people
Dr. Olasupo Olusi (Managing Director/CEO)
ProductsTerm Loans
Working Capital Loans
Insurance Products
Trustee Services
Leasing Services
Savings
Net income
 ₦52.9bn (2022): 27 
Total assets ₦2.37tn (2022): 27 
Number of employees
619 (2022): 27 
Subsidiaries
  • BOI Investment Trust Company (BOI-ITC)
  • BOI-Microfinance Bank Limited (BOI-MFB)
  • BOI Insurance Brokers (BOI-IB) Limited
  • LECON Financial Services
RatingNational Long Term Rating
Moody's: Aa3(11/2017)
Fitch: AA+ (2017)
Agusto & Co.: Aa (2017)
WebsiteBank of Industry
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