By Danjuma Amodu | February 9, 2026
The Bank of Industry (BoI) has received the green light from the Central Bank of Nigeria (CBN) to launch its non-interest banking (NIB) window, marking a game-changer in its mission to drive inclusive growth.
Olasupo Olusi, BOI’s Managing Director, said the approval enables the bank to offer tailored financial solutions to underserved and high-impact business segments, mobilising new ethical funding and expanding support for the real economy.
“This is a new dawn for Nigerian businesses, especially MSMEs and faith-sensitive enterprises that have struggled to access traditional credit,” Olusi said. “We’re scaling up operations, introducing innovative financing solutions, and deepening support for critical segments.”
The NIB window is expected to unlock opportunities for businesses that shunned conventional interest-based financing. With this license, BoI can now reach a new category of borrowers, boosting its efforts to drive sustainable economic growth.
Last year, BoI disbursed over N1.27 trillion to enterprises across 14 sectors, showcasing its commitment to supporting businesses and driving growth. This new chapter is set to take it to the next level.
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