The Bank of Industry has recorded yet another historic milestone by achieving N3.3 trillion in Total Assets as of June 30 2023. This is due to the prudent management of the Bank’s assets and the full hedge of the foreign currency assets. The bank also grew its equity position by 57 per cent since June 2022 – from ₦403.6billion to ₦634billion in June 2023 (H1). This deal was the bank’s first Eurobond transaction and the first Euro-denominated Eurobond transaction in Nigeria. The transaction was also the first Eurobond transaction covered by Nigeria’s sovereign guarantee.

Source: Nigerian Tribune September 13, 2023 16:35 UTC