By INFOMEDIANG SOLUTIONS The Bank of Industry unveiled its loan app/portal on 2 October 2026 for business owners in Nigeria. BOI spans MSME, Large-scale industrial growth, Food economy production, women-focused enterprises, Creative economy, Industrial infrastructure projects and Manufacturing.
It is important to prepare the required documents before you start the application process.
Company Information
- Company Registration Number
- Company type
- Company name
- Company short name
- Industrial sector
- Loan amount category
- Company Registration Number
- Major landmark
- Website (not compulsory if you don’t have one)
- Your company’s social media handles such as X, Facebook, Instagram
- Indicate if your company has business premises
- Proof of Company address
- Indicate if the Company address is the same for the factory
- If you choose “YES,” the next section will auto-fill; if you select “NO,” you will have to enter the factory address.
- Sole proprietor contact information such as Nationality, Country of Residence, BVN and NIN
- Next is personal details. The details will be checked against the BVN and NIN records of the director or proprietor.
- Professional & Identification, including your position in the organisation, occupation, job title, percentage of ownership, Tax Identification Number, means of identification, and upload your updated CV
- Under political exposure, you will have to declare if the shareholder holds any political office or has any political affiliation or whether he/she is a political office holder
- Next of kin details
- Bank account details. Save and move to the next stage
Regulatory Information
Details BOI requires under regulatory information are:
- Date of registration of your company/business
- Tax Identification Number (TIN)
- Special Control Unit on Money Laundering Certificate (SCUML) registration number
- And upload the following documents: SCUML certificate, Means of Identification of Directors, Board & Management, CAC Certificate, Allotment of shares, Co7 Particulars of Directors/Status Report, MEMART, Board Resolution, Other Documents
- Financials such as annual turnover and total assets
- Other information such as Proposed Number of Employees (direct), current number of employees (direct), Proposed Number of Employees (Indirect), Current Number of Employees (Indirect)
- Nature of business
- And indicate if you have a subsidiary. Save and continue
- Check the summary of your application and then e-sign save and continue
If you have comments, add if not, click on submit.
Next…keep tracking your application.
Due diligence will be done by BOI team, if successful, your loan will be disbursed.
Account creation on MyBOI Portal
Click on create account, creating account isn’t the usual account creation where you input your email address and password. But MyBOI expects you to upload evidence of business registration.
- Click on create account and consent to the data privacy consent form
- Identity verification: Upload your CAC Certificate of Incorporation to verify your company and open the rest of the form. MyBOI platform will auto-fill your company details for you, such as company registration number, company name and company type (sole proprietorship, partnership etc)
- You can fill the rest, such as state, local government, town or city of location of your business.
- Select loan amount category
- Enter your email address, phone number, create a password, and consent to the data privacy notice
- Click on submit after which an OTP will be sent to your email address; enter it to gain access to the full loan application form.
You will receive a confirmation of account creation from BOI:
“Your account has been successfully created. You can now log in to access our services and submit loan assessments.”
Begin to input and upload the aforementioned documents.
NOTE: SCUML is not compulsory for every business. If you are a car dealer or in the real estate sector, you will be to provide your SCUML certificate number and also upload it on MyBOI portal.