Bank of Industry reports 117.69% profit increase, generates 2 million jobs in Nigeria amid economic challenges.
The Bank of Industry (BOI) reported a 117.69% increase in profit before tax, reaching N153.81 billion, and generated 2 million jobs in Nigeria within a year. These achievements were made despite economic challenges and were attributed to the bank's increased disbursements to large, medium, small, and micro enterprises. The total assets of the BOI grew by 64.6% from N2.37 trillion to N3.91 trillion, showcasing the bank's commitment to supporting the country's industrial sector.
May 22, 2024
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