BOI secures historic €1.425bn loan to boost Nigeria’s business financing

BOI secures historic €1.425bn loan to boost Nigeria’s business financing …C0NTINUE READING HERE >>>

The Bank of Industry, BOI, has successfully raised €1.425 billion from the senior phase of its global loan syndication to boost financing for Nigeria’s businesses.

The deal, which received a 42.5 percent oversubscription from international financial markets, cements its position as a key player in financing Nigeria’s industrial and private sectors.

Data showed that the largest loan syndications the bank ever did were €1bn in 2020 and 2022 respectively, and successfully repaid in…

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