Connect with us

Banking

CBN to Review Nigerian Sustainable Banking Principles

Published

on

Nigerian Sustainable Banking Principles

By Aduragbemi Omiyale

Steps are already being taken by the Central Bank of Nigeria (CBN) to review the Nigerian Sustainable Banking Principles to incorporate climate risk reporting for the banking sector.

Ms Aisha Mahmood, the Special Adviser to the Governor of the CBN, Mr Godwin Emefiele, on Sustainable Banking, revealed this information.

She disclosed this while delivering her presentation at the Investor Engagement session organised by the Nigerian Exchange (NGX) Limited and the Global Reporting Initiative (GRI) themed Empowering Responsible Investing – ESG Disclosure in Lagos last Wednesday.

At the event, she spoke on the CBN’s efforts to enable sustainable banking in the country via regulatory enforcement of ESG disclosures for banks.

On his part, the Divisional Head of Capital Markets at NGX, Mr Jude Chiemeka, posited that sustainable finance could be a transformative tool to shape the Nigerian economy for the better.

He noted that the exchange recognises the power and potential of responsible investing, adding that it firmly believes that sustainable finance is not merely a buzzword but a transformative force that can shape our economy and society for the better.

Mr Chiemeka further added that the NGX has wholeheartedly embraced this vision and has taken concrete steps to contribute to the advancement of responsible investment practices.

“Through their work, they have paved the way for greater accountability and responsible business practices. We laud their dedication and unwavering commitment to building a more sustainable future,” he stated.

For his part, the Director of GRI Africa, Mr Douglas Kativu, represented by the Manager for GRI Africa, Ms Tendai Matika, stressed why ESG information mattered to investors, advising companies to prepare their disclosures in line with the GRI standards.

“As a general rule, investors want to understand what the major ESG risks and opportunities facing a business are, including how the firm measures and monitors these factors, among others,” Mr Kativu said.

On her part, the Divisional Head of Business Support Services Division and General Counsel of NGX, Mrs Irene Robinson-Ayanwale, reiterated NGX’s commitment to fostering responsible investing and sustainable finance by driving conversations, creating innovative products, and developing strategic partnerships which can contribute to building a more sustainable and resilient economy.

She said, “In line with our commitment, NGX is currently working on an ESG Program rollout that will further help companies manage material ESG risks and leverage the opportunities created.

“Additionally, we are developing the NGX Carbon Plus initiative, which will recognize companies that demonstrate their commitment to reducing their carbon emissions with practical and impactful projects.

“Through this initiative, we aim to galvanize sustainable action and contribute to mitigating the challenges posed by climate change.”

Business Post reports that GRI partnered with the bourse on the engagement session to further educate the investor community on incorporating ESG data into decision-making.

Banking

Applications Open for GTCO ‘Take on Squad’ Hackathon 3.0

Published

on

Squad logo

By Dipo Olowookere

Tech enthusiasts interested in participating in the Take on Squad Hackathon, organised by Guaranty Trust Holding Company (GTCO) Plc, can now enter the contest via the official portal at https://squadco.com/hackathon.

The programme enters its third edition in 2026, and the theme for this year is Smart Systems: The Intelligent Economy, according to a statement issued by the organisers.

The hackathon brings together developers, designers and entrepreneurs across Nigeria in a collaborative environment to build practical solutions across key sectors, including financial services, healthcare, commerce and digital inclusion.

Participants are challenged to design and build intelligent, data-driven solutions that transform how communities engage with money.

It is part of the organisation’s commitment to fostering innovation, empowering talent, and supporting the development of technology-driven solutions that address real-world challenges across Africa.

 “Today’s dynamic, digitally driven world demands continuous innovation, which is shaping how economies grow, how businesses scale, and how societies evolve.

“Through Take on Squad Hackathon, we are deliberately investing in the ideas and talent that will define the future.

“Our objective is not simply to encourage innovation, but to enable its translation into scalable solutions that deliver real and measurable impact.

“This reflects GTCO’s role as a financial services platform that connects capital, capability, and creativity to drive sustainable progress,” the Managing Director of HabariPay, Ms Eduofon Japhet, stated.

The social coding event remains a cornerstone of HabariPay’s mission to foster creativity and problem-solving among emerging tech talents. Competing teams will leverage Squad’s advanced APIs to create scalable digital tools that address everyday challenges faced by businesses and individuals.

Through initiatives such as this, GTCO continues to position itself at the intersection of finance, technology and enterprise, actively shaping the future of digital transformation in Africa.

Continue Reading

Banking

Easter: Ecobank Assures Customers Uninterrupted Banking Services

Published

on

Ecobank Remodel branches

By Dipo Olowookere

Banking services will not be interrupted throughout the Easter public holidays, from Friday, April 3, to Monday, April 6, 2026, for any reason, Ecobank Nigeria has assured its customers.

In a message over the weekend, the member of Africa’s leading pan-African banking group, Ecobank Transnational Incorporated, said customers would continue to enjoy quality service delivery during the period.

It noted that its secure and robust digital platforms would remain fully operational to support financial activities during the festive period.

All digital channels, including the Ecobank Mobile App, Ecobank Business App, USSD *326#, Ecobank Online, OmniPlus, Omnilite, EcobankPay, Ecobank Cards, ATMs, PoS terminals, and over 35,000 Ecobank Xpress Point agent locations nationwide, will remain accessible throughout the holiday, the financial institution further said, urging customers to conveniently conduct transactions at any time using this wide range of digital solutions.

Ecobank customers were encouraged to maximise the bank’s alternative channels for transfers, bill payments, airtime purchases, card services, and account management.

They were also advised to stay vigilant by shopping only on trusted websites; avoiding the sharing of PINs, passwords, and one-time passwords (OTPs); refraining from banking on public Wi-Fi networks; being cautious of urgent or emotionally charged messages; and regularly monitoring their account activity.

“Customers will continue to enjoy a full bouquet of services during the holiday, including local and international funds transfers, bill payments, airtime top-ups, merchant payments, balance enquiries, account statements, and cardless cash withdrawals via ATMs,” the Head of Products & Analytics, Consumer & Commercial Banking at Ecobank Nigeria, Mr Victor Yalokwu, stated.

“We understand that festive seasons come with increased financial activity, and our priority is to ensure our customers enjoy fast, reliable, and secure banking wherever they are.

“Our digital channels are designed to support uninterrupted transactions, and we have strengthened our systems to guarantee optimal performance throughout the Easter break,” he added.

Mr Yalokwu noted that, “Ecobank remains committed to providing innovative financial solutions and exceptional customer service. We wish all our customers and partners a peaceful and joyful Easter celebration.”

Continue Reading

Banking

Polaris Bank to Limit Access to VULTe for Four Days

Published

on

Polaris Bank Fashion Souk

By Dipo Olowookere

Customers may have difficulty accessing the digital platform of Polaris Bank, known as VULTe, during the Easter holidays from Friday, April 3, to Monday, April 6, 2026.

This is because the financial institution is carrying out system maintenance on the platform in its effort to ensure users enjoy a better banking experience.

In a notice over the weekend, the lender said “access to VULTe may be limited,” but it provided an alternative, which is the PolarisXperience.

Polaris Bank, which expressed regret over “any inconvenience” this action may cause its customers, said the “scheduled system maintenance” would happen from 10 pm to 8 am daily, promising that normal service would return after the maintenance.

“In continuation of our commitment to delivering a seamless and improved banking experience, we will be conducting a scheduled system maintenance during the Easter holidays.

“During this period, access to VULTe may be limited. We have provided an alternative channel, PolarisXperience:

“Please go to our website to onboard or use it as an existing user. You can also use this link: (https://elogin.polarisbanklimited.com).

“We regret any inconvenience and appreciate your understanding. Normal service will resume after the maintenance,” parts of the notice seen by Business Post read.

Continue Reading

Trending