Providus Bank Ado-Ekiti branch expansion continues as the lender opens a new branch to boost financial inclusion and support businesses in Nigeria
Providus Bank Plc has expanded its operations with the commissioning of a new branch in Ado-Ekiti, reinforcing its nationwide growth strategy aimed at deepening financial inclusion and supporting economic activity across Nigeria.
The bank in Ado-ekiti has branch expansion follows the bank’s compliance with the Central Bank of Nigeria’s recapitalisation requirement completed in January 2025, positioning it for accelerated growth in key markets.
Speaking at the commissioning ceremony, Executive Director and Chief Financial Officer, Deoye Ojuroye, said the new branch reflects the bank’s deliberate strategy to grow in economically active locations while strengthening its service delivery.
He noted that the expansion drive is focused on building a resilient financial institution that responds effectively to the needs of individuals, small businesses and larger corporate clients.
Ojuroye added that Providus Bank remains strongly capitalised within its regulatory category, describing this as a foundation for sustainable and responsible expansion.
According to him, the bank’s growth strategy prioritises stability, disciplined risk management and long-term value creation for customers and stakeholders.
The lender also confirmed plans to open additional branches across strategic locations in the coming year as part of efforts to enhance accessibility and broaden its service network nationwide.
The latest expansion underscores Providus Bank’s ambition to strengthen its footprint in Nigeria’s financial sector while supporting local enterprise and driving inclusive economic development.
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Bank of Industry (BOI), Nigeria’s foremost Development finance institution and a globally recognised organisation specialising in international development cooperation with countries, the German Agency for International Cooperation (GIZ), on Wednesday April 15, 2026, signs a Partnership Framework Agreement to drive sustainable innovation and economic development for large enterprise, and Micro, Small and Medium Enterprises (MSMEs) sector in Nigeria.
The partnership is hinged on delivering coordinated interventions across key strategic pillars including access to finance, entrepreneurship development, capacity building, and market access; and integrates focused support for climate finance and renewable energy investments; and a robust alignment with global sustainability priorities that enables MSMEs to be engines of economic development.
With this landmark agreement, BOI and GIZ are positioned to mutually ensure that capacity building efforts for businesses focuses on strengthening the technical and institutional capabilities of BOI’s Business Development Service Providers (BDSPs), equipping them to deliver higher-impact advisory services to the Bank’s customers; as well as enshrine a structured vocational training provided under the ICSS (Inspire, Create, Start and Scale) entrepreneurship programme to enhance productivity, workforce quality and overall business competitiveness to MSMEs.
The central pillar of this year’s partnership framework is its women’s economic empowerment through targeted financing initiatives; agribusiness development and rural enterprise growth; and climate-focused investment imperative to scale its renewable energy and energy efficiency financing portfolio.
BOI will strategically deepen its efforts to secure endorsement with the Green Climate Fund (GCF) with support from GIZ, a German-led development agency.
Speaking at the announcement ceremony, MD/CEO, Bank of Industry (BOI), Dr. Olasupo Olusi, said “This partnership is about closing the gap between enterprise potential and enterprise reality. Too many Nigerian businesses, particularly MSMEs, have the ideas, the drive, and the market opportunity, but lack the financing, technical capacity, or market access needed to scale. This partnership reflects our unwavering commitment to constantly form new partnerships to strengthen the entrepreneurial ecosystem in Nigeria. By combining our financing expertise with our partner’s international development experience, we are building a comprehensive framework that will directly translate into jobs, innovation, affordable, long-term financing and sustainable growth for MSMEs in Nigeria.”
In his remarks, Country Director, GIZ Nigeria and ECOWAS, Dr. Magnus Wagner, said, “This partnership demonstrates our joint commitments to strengthening Nigeria’s private sector and to advancing sustainable and inclusive economic growth.
“Through this partnership, we aim to support small and medium enterprises. We are trying more to look at SME, formalized business, which is the resilient backbone of Nigeria’s economy. So, we would like to work, we have decided in areas such as climate and sustainable finance, renewable energy and energy efficiency, entrepreneurship and innovation, women’s economic empowerment, agribusiness and rural transformation, and digital trade and market access.
“We look forward to a close and successful collaboration with the Bank of Industry, one that delivers tangible results for business, communities, and the country and the population as a whole”.
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