BOI Secures CBN Nod for Sharia Banking, Unlocks Ethical Funding Boom

Nigeriacommunicationsweek | 09-02-2026 12:12pm |

Bank of Industry (BOI) has received Central Bank of Nigeria (CBN) approval to launch a Non-Interest Banking (NIB) Window, expanding ethical financing for underserved businesses nationwide. The move positions BOI to mobilise Sharia-compliant funds, finance assets and raw materials without interest, and target MSMEs plus high-impact sectors previously sidelined by conventional loans. Divisional Head of

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