Nigeria, Feb. 9 -- The Central Bank of Nigeria (CBN) has given regulatory approval to the Bank of Industry (BoI) to operate a Non-Interest Banking (NIB) Window as part of its operations.

The approval was disclosed on Sunday by the BoI Managing Director, Olasupo Olusi, who described the development as a significant milestone in the bank's growth and long-term development agenda.

The MD noted that the approval will strengthen the bank's role in promoting sustainable industrial development. The move is also expected to improve access to finance for underserved and high-impact business segments across Nigeria.

With the approval, the BoI boss stated that the bank will drive inclusive growth, mobilise new ethical funding, and expand support ...