Banking
Ecobank Ellevate Celebrates Five First-Class Female Graduates
By Modupe Gbadeyanka
Five first-class female graduates of universities in Nigeria have been celebrated by Ecobank Ellevate as part of activities to commemorate this year’s International Women’s Month.
The Head of Marketing and Corporate Communications at Ecobank Nigeria, Mr Babajide Sipe, explained that the recognition and celebration of the graduates were in line with the bank’s deliberate policy to promote distinction and excellence.
According to him, one of the ways to create a society that is free of bias and gender-based discrimination is to identify, recognize and reward excellence among the female folks in all spheres of life, noting that this would further encourage other women to aspire high and close the bias gap.
“I advise the honourees not to rest on their academic exploits but continue to mentor and be an inspiration to younger ones. The theme for this year’s IWD ‘’Break the Bias’’ suggests that there’s still more to be done the world over especially in Africa.
“Ecobank has made tremendous progress over the years in ensuring that women have similar access like men to the resources they need to grow, whether as employees or as entrepreneurs. It is imperative to join hands together to create a society that is free of bias and gender-based discrimination.”
“Across Ecobank, we are intent on ensuring that women have genuinely equal opportunities to men in achieving promotion, developing their careers, and reaching their full potential.
“Here at Ecobank Nigeria, our aim is to achieve 50/50 equality by 2030 at all levels of the bank. While IWD is just one day, gender equality is a phenomenon that even goes beyond women’s month.
“It should be firmly embedded in our beliefs, behaviours, and actions as the norm every single day. We understand that ultimately, the success of women is the success of the world,” he stated.
It was gathered that the graduates celebrated for their excellence and distinctive nature were Abolaji Awodein, a graduate of Social Works; Nusirat Eniola Yusuf, Economics; Faith Nwachinemere, Estate Management and Anthonia Owani, Economics all from the University of Lagos. Also included is Fisayo Ojo, who graduated from Covenant University with a degree in Computer Science.
Abolaji Awodein is a young and ambitious lady, who graduated with a First Class (Hons) Degree in Social Work. She was the best graduating student in her department. She also has a Diploma in Social Development and Administration where she was also the best graduating student. The self-published writer published her book “And Then I Met You” in 2018, which sold many copies locally and internationally.
Nusirat Eniola Yusuf is a young and ambitious Nigerian Economist who graduated with a First Class from the prestigious University of Lagos in 2021. She has a keen interest in Data analytics and currently works as a Financial Analyst. Outside work, Nusirat can be best described as an individual who is passionate about humanity. She is big on IMPACT, particularly on promoting quality education for Nigerian children.
Faith Nwachinemere is a young, ambitious and talented lady, who studied Estate Management and earned a distinction at a Diploma level (OND) from Yaba College of Technology, before proceeding to obtain her first degree (BSc) in the same course from the University of Lagos. She graduated with a First Class (Hons) and was the best graduating student in the Faculty of Environmental sciences. While in school, she represented her department in the 51st annual quiz competition organized by the Nigerian Institution of Estate Surveyors and Valuers (NIESV) and came second place.
Anthonia Owani is a First Class graduate of Economics from the University of Lagos. She strives to always make an impact. In 2018, she led a team of five to organize a genotype awareness campaign at the University of Lagos where she educated over 800 students and community members about the intricacies of the human genotype.
Fisayo Ojo graduated from Covenant University in 2021 with First Class Honours in Computer Science. She believes technology is a vehicle for change and loves building products that make life easier for everyone. As an undergraduate, she also co-founded an NGO (TSC) to promote the inclusion of women in technology.
By Adedapo Adesanya
The Central Bank of Nigeria (CBN) is considering the recapitalisation and restructuring of Development Finance Institutions (DFIs) to address the significant financing gap facing micro, small, and medium-sized enterprises (MSMEs).
The Deputy Governor of the apex bank in charge of Economic Policy, Mr Muhammad Abdullahi, disclosed this during a panel session at the launch of the Nigeria Development Update by the World Bank in Abuja on Tuesday.
He explained that a recent review by the apex bank found that existing DFIs were too small to meet the credit needs of businesses.
DFIs are specialised, government-backed financial entities designed to promote economic growth by funding critical sectors like agriculture, infrastructure, and SMEs. Key institutions include the Bank of Industry (BOI), Development Bank of Nigeria (DBN), Nigeria Export Import Bank (NEXIM Bank), Bank of Agriculture (BOA), National Credit Guarantee Company Limited, and Nigerian Consumer Credit Corporation, among others.
“We conducted a review last year of the development finance space. Across all the DFIs in Nigeria, the total asset base is slightly above N8 trillion, whereas what is required in development finance for MSMEs is over N130 trillion,” he said.
He said that simply injecting capital would not solve the problem.
“The only way to address this is not only through public sector capital injections into these institutions, but also by making them bankable and investable,” he said.
Abdullahi said the CBN and the Ministry of Finance are reviewing DFI structures to improve their efficiency and risk appetite.
“We are reviewing the entire sector to ensure that we can correct the incentives, improve risk appetite, and also strengthen capital levels,” the deputy governor added.
He also said the reforms aim to introduce stronger market-based principles.
“We are looking at the structure to see how more market fundamentals can be incorporated, because the way it has been done in the past has not delivered the desired results,” Mr Abdullahi said.
On the persistent financing challenge for MSMEs, he said lending to the real sector has always been one of the structural challenges “Nigeria’s economy faces in terms of ensuring that credit reaches businesses that require it”.
Business Post reports that the CBN recently concluded the recapitalisation of the Nigerian banking sector, while the insurance sector is ongoing.
By Modupe Gbadeyanka
The women-focused initiative by Sterling Bank, OneWoman, is already yielding positive results, especially in promoting financial inclusion and empowering female-led enterprises in Nigeria.
Business Post reports that the programme was created to support women through three key pillars of capital, capacity, and community.
In 2025, according to the Head of the OneWoman Initiative, Ms Ezinne Nwokafor, the initiative gave out N43.9 billion loans to 2,450 female entrepreneurs, trained 6,000 of them, served about 380,000 women across three sectors of career women, women in business and freshers, and their vision 2030 is to give out N500 billion loans to one million women across their three sectors.
She noted that a significant majority of Nigerian women remain excluded from formal credit, with only a small percentage able to access structured financing. Despite improvements in financial inclusion, women continue to face systemic barriers that limit their ability to secure funding.
Ms Nwokafor pointed out that women account for a substantial share of micro, small, and medium enterprises and contribute meaningfully to the economy, yet face a financing gap estimated at $42 billion annually, according to the International Finance Corporation.
She also referenced data showing that more than half of women-led businesses identify access to finance as a major constraint, while rejection rates for loan applications remain significantly higher for women than for men.
According to her, these challenges are often linked to structural issues such as gaps in asset ownership, social norms, and limited access to financial data and visibility.
“Sterling’s OneWoman initiative is positioned to bridge this gap by combining financial solutions, mentorship, capacity building, and community support for women across different stages of their journey,” she said at the Funding Her Future Breakfast Dialogue in Lagos.
The session brought together voices from across sectors for a focused and necessary conversation on how to unlock more inclusive and effective financing pathways for women-led businesses in Nigeria.
On his part, the chief executive of Sterling Bank, Mr Abubakar Suleiman, said, “Women-led businesses need the right support systems, the right networks, and the right ecosystem to grow with confidence and scale with resilience.”
By Modupe Gbadeyanka
Alpha Morgan Bank has reaffirmed its commitment to supporting institutions that drive intellectual growth and national development.
The lender gave this reassurance at the commissioning of the Redeemer’s University Business School by Pastor (Mrs) Folu Adeboye, the wife of the General Overseer of the Redeemed Christian Church of God (RCCG), Pastor Enoch Adeboye.
Speaking at the event, the Managing Director of Alpha Morgan Bank, Mr Ade Buraimo, said the company was proud to be associated with the school, noting its commitment to education and institutional development.
As part of its broader focus on knowledge sharing and thought leadership, Alpha Morgan Bank will host its Economic Review Webinar in May 2026, bringing together experts to share insights on key economic trends and opportunities.
The commissioning of the business school was witnessed by distinguished guests, including the Pro-Chancellor and Chairman of the Governing Council of Redeemers University, Professor Oluwatoyin Ogundipe; the Vice Chancellor, Professor Shadrach Olufemi Akindele; Mrs Bola Obasanjo; and other notable dignitaries.
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