Banking
DBN Holds Capacity Building Summit for Techpreneurs
By Adedapo Adesanya
As part of its commitment to alleviating financial constraints and improving the capacity of SMEs in Nigeria, the Development Bank of Nigeria (DBN) recently held the first edition of its Techpreneur Summit in Lagos.
The summit themed Starting Local, Scaling Global, was aimed at driving conversation in the technology sector and accelerating its impact on the social-economic development of Nigeria, by creating jobs, improving the lives of people, and scaling up Nigeria’s tech presence globally.
Executive Director, Finance/Corporate Services, Mrs Ijeoma Ozulumba, in her opening remarks said “the initiative will avail tech-based businesses and techie minds the platform to network and interact with investors as well as DBN Participating Financial Institutions (PFIs) that can help with finance to actualize or scale up their business.”
She emphasised that the Techpreneur Summit underscores the ambition of the bank since it commenced operations in 2017.
According to her, “This underscore where our ambitions lie in creating a favourable space in the ecosystem for tech. The future is hinged on technology, so apart from the global trend, locally we continue to see that technology is now about 18 per cent of GDP.
“ICT is the fastest-growing sector of the economy. Apart from that, technology and digital transformation is not just a megatrend, it underpins all the other megatrends in finance, engineering, and climate action which is topical right now.”
On the bank’s disbursement, she informed that, “The bank has since it started operations in 2017 given out loans to over 180,000 small businesses amounting to over N400 billion in various sectors of the economy and a lot of that is to tech-based start-ups.
“In 2020, DBN disbursed N190 billion, and 7,000 of those SMEs were accessing funding for the first time. This shows how important this event is to us, and the commitment of the bank to alleviating the financing constraints faced by MSMEs.”
She further added that “Our three-fold mandate is lending, providing partial credit guarantee, and capacity building. The capacity-building aspect is why we are having this summit today.”
Delivering his keynote address, serial investor and MD/co-founder, Trans-Sahara Investment Corporation, and newly appointed MD/CEO Africa Operations, Inlaks Limited, Mr Kyari Bukar, tasked Nigerian techie minds and technopreneurs on developing knowledge-based local solutions that have a universal appeal and can put Nigerian on the global technology table.
“Technpreneurship is about finding solutions, and the solutions better be local and should also have universal appeal. What is happening globally is that factor-based economics are becoming irrelevant, I don’t mean they are dead, I am saying they are not exciting as they used to be.
“Today, everybody talks about a knowledge-based economy. The beauty of tech is that it is the number one catalyst in changing the way we do things. An example is the digitalization of the way we conduct business today,” he said.
Citing the exploits of India in the global tech business landscape, the renowned investor, who started his career at the famous Silicon Valley further stated that Nigeria needs to stop relying on the wealth derived from mineral resources.
He said: “We need to change our dependence on what we pick or drill from the surface of the earth and believe that will make us wealthy, it is wrong. India is exporting $60b a year in software solutions and services.
“Though Africa is coming late to the party, we can develop unique solutions ourselves. The whole world is watching us and ready to invest in us. Whether the government is there or not, when you have the will to create and sell convenience, all you need are strong believers and support.”
Mr Bukar who is also an Independent Director on the Board of DBN, appreciated the bank for organising the Techpreneur Summit, saying it showed the lender’s readiness to partner techpreneurs in the county.
“For DBN, I say this summit is the coming-out party in the tech space. This is one space I believe in, and we would continue to be a partner to techpreneurs. And DBN is ready to be such a partner to all Techpreneurs in the country. This is the first DBN Techpreneur Summit, and I know that we will continue this every year.
“Additionally, when I asked around, I found out that this summit is not just about having a conversation like this, it is for techpreneurs to find the necessary network, and more importantly access to finance on both sides of debt and equity. This shows that DBN is ready to be such a partner to all techpreneurs in the country,” he said.
Other discussants at the event included Iyin Aboyeji (Founder, Future Africa); Yemi Keri (co-founder, RisingTideAfrica/Independent Non-Executive Director, FCMB); Charles Anyanwu (Director, Strategy, Funding & Stakeholder Management, LSETF); Temie Giwa-Tubosun (founder, Life Bank) and Judith Okonkwo (founder, Imisi 3D).
The DBN is a wholesale development finance institution, established by the Federal Government of Nigeria in collaboration with global development partners (The World Bank, AfDB, KfW, AFD, and EIB) to address the major financing challenges facing Micro, Small, and Medium Scale Enterprises (MSMEs) in Nigeria.
Banking
Stanbic IBTC Reinforces Role in Driving Businesses, Key Sectors in Nigeria
By Adedapo Adesanya
Top financial services provider in Nigeria, Stanbic IBTC, has reiterated its commitment to empowering businesses, strengthening key sectors and positioning Nigeria as a competitive player in the global economy.
This came on the back of the 2026 edition of the Nigeria Business Summit from Wednesday, April 1 to Thursday, April 2, 2026, at the Landmark Event Centre, Victoria Island, Lagos. The two-day summit brought together industry leaders, policymakers, entrepreneurs and stakeholders across multiple sectors to explore sustainable business practices, foster economic growth and unlock global trade opportunities.
With the theme, Nigeria Means Business: Powering Sectors, Growing Sustainable SMEs & Unlocking Global Trade, the summit addressed critical issues across key sectors, including agribusiness, renewable energy, trade and Africa–China banking, as well as ICT and telecommunications. Additional sessions covered areas such as family business sustainability, artificial intelligence, employee value banking, insurance, pension and wealth management.
The event featured a keynote address by the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, who emphasised the urgent need for Nigeria to reposition itself as a leading export-driven economy to achieve sustained growth.
“Our true potential lies in becoming a leading export economy,” Edun stated. “Increased participation in regional and global trade will be critical to diversifying foreign exchange earnings and driving inclusive growth.”
He noted that while Nigeria’s GDP growth has improved to approximately 4 per cent, it remains below the level required to significantly reduce poverty. According to him, the country’s economic strategy is now shifting from stabilisation to growth acceleration, with trade expansion playing a central role.
Mr Edun highlighted ongoing reforms, including improved foreign reserves, rising non-oil revenues and renewed investor confidence, as indicators of a more resilient economy. However, he stressed that enhancing trade competitiveness would require continued investment in infrastructure, logistics and policy coordination.
He also highlighted the importance of small and medium-sized enterprises (SMEs), which account for over 90 per cent of businesses, noting that inclusive growth will depend on stronger collaboration between the public and private sectors.
Participants engaged in a rich line-up of activities, including expert presentations, panel discussions and high-level networking opportunities. Highlights of the summit included the Africa Trade Barometer presentation, client testimonial showcases and insightful discussions on the state of the African economy and intra-African trade opportunities.
Breakout sessions on agribusiness, ICT and healthcare, Africa-China banking and trade, as well as renewable energy, provided attendees with deeper, practical insights into some of the most critical sectors driving Nigeria’s economic future.
Speaking at the event, Mr Chuma Nwokocha, chief executive of Stanbic IBTC Holdings, represented by the organisation’s Chief Finance and Value Management Officer, Mr Kunle Adedeji, emphasised the importance of collaboration and innovation in driving sustainable growth.
“This summit has reinforced the importance of creating platforms where ideas can flourish, and businesses can grow sustainably. By working together, we can unlock new opportunities and drive economic advancement across Nigeria and the African continent,” he said.
The summit also spotlighted practical strategies for integrating sustainability into business operations, encouraging organisations to adopt environmentally conscious practices while maintaining profitability and competitiveness.
Mr Remy Osuagwu, Executive Director, Business & Commercial Banking, expressed satisfaction at the level of interest from participants, a critical element for a successful summit.
“From our conversations on energy and healthcare to the deep dives into trade, Africa-China relations, and agribusiness, Day 1 has offered perspectives that were both insightful and practical. I believe we’re all leaving with a stronger understanding of the opportunities emerging across our industries,” he said.
He acknowledged the level of engagement, questions, contributions and willingness of participants to share experiences, describing this as the real power of the Nigeria Business Summit, and a solid foundation for tomorrow.
The Chief Executive of Stanbic IBTC Bank, Mr Wole Adeniyi, who was represented by Mrs Bunmi Dayo-Olagunju, Deputy Chief Executive of Stanbic IBTC Bank, opened Day Two of the Nigeria Business Summit by highlighting the focus of the summit’s SME Day.
“Today, we build on Day One’s momentum with conversations that are equally critical for the future – from the dynamics of family businesses to the growing influence of artificial intelligence; the evolution of insurance, and the emerging space of electric vehicle banking.”
She further added, “Our goal on Day Two is simple: to explore what’s next. To understand how these developments will shape our businesses and how we can position ourselves ahead of the curve.”
Banking
Applications Open for GTCO ‘Take on Squad’ Hackathon 3.0
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.
Banking
Easter: Ecobank Assures Customers Uninterrupted Banking Services
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.”
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