According to a statement from BoI, Malam Aliyu Dikko, Chairman of its Board of Directors, announced these results at its recently-concluded 62nd Annual General Meeting in Abuja.
The Bank of Industry (BoI) says it recorded a 75 per cent increase in Profit Before Tax to N61.15 billion in the 2021 financial period.
Dikko said that the bank had also declared a dividend payment of N7.89 billion for the financial year ended December 2021 to its shareholders, the Ministry of Finance Incorporated and the Central Bank of Nigeria.
He said BoI’s dividend payout demonstrated its capacity to withstand economic headwinds to boost the Federal Government’s revenue.
CR: TheGuardian
