BOI's ₦250bn Series 1 bond oversubscribed within five working days

On 17–18 August 2026 the Bank of Industry’s ₦250 billion Series 1 fixed-rate bond was reported as oversubscribed within five working days. Final subscription and allotment remain subject to Securities and Exchange Commission approval and have not been disclosed.

The reported oversubscription signals strong domestic institutional demand for long-tenor naira paper from a development-finance issuer, potentially broadening BOI’s funding base and supporting more long-term local-currency credit issuance by comparable Nigerian borrowers. This outcome does not itself prove final allotment, pricing, or secondary-market repricing — those depend on SEC clearance and confirmed allocation details.

SEC final allotment approval and public disclosure of subscription/allotment and pricing details.