Banking
Ecobank Attracts Nigerians Abroad With Competitive Interest Rates
By Aduragbemi Omiyale
Mid-level lender, Ecobank Nigeria Limited, is offering Nigerians living abroad highly competitive interest rates on mortgage loans, investment in the money market, capital market, real estate and treasury products.
The Head of Consumer Banking at Ecobank Nigeria, Mrs Olukorede Demola-Adeniyi, explained that the bank came up with these exciting offerings to support Nigerians in the diaspora.
She said the lender is ready to assist them to finance property ownership in the country, stressing that the terms and conditions are flexible and easily accessible and encouraged them to open a domiciliary account with the bank to access the various opportunities as the packages can also be accessed via Naira accounts.
She said the bank offers financial planning advisory including information on stocks, bonds, real estates and insurance products, in addition to helping customers retrieve outstanding dividends and missing shares.
Mrs Demola-Adeniyi advised them to open a multi-currency online account in Naira, GBP, USD and EURO, adding that they can also download the bank’s mobile banking app, Ecobank Mobile, which is available on app stores to enjoy real-time access to their accounts from the comfort of their home.
“We offer loans for outright purchase of completed properties and refinancing of existing homes. Our financing solutions also provide access to a range of respected property vendors that they can choose from to achieve their desired accommodation.
“We allow up to 10 years tenor at highly competitive interest rates. However, the borrower must be a legal resident of the country they are applying from.
“As a bank, we want to eliminate the associated challenges faced by hardworking Nigerians who are interested in having properties of their own at home here,” she said.
“You can download the Rapidtransfer app to send money home and your beneficiary can pick up USD cash at any Ecobank branch nationwide or have it directly credited into their Ecobank domiciliary account.
“You can also send money through any of our remittance partners such as Ria and Small World for cash pick up and direct credit.
“Other partners such as Western Union and MoneyGram are available for cash pick up only. You can wire funds directly to your foreign currency account through our correspondent bank in USD, GBP and Euro,” Mrs Demola-Adeniyi added.
The banker noted that Ecobank is actively driving the Naira for Dollar scheme of the Central Bank of Nigeria (CBN) which offers N5 on every dollar received over the counter or into an account.
Customers who wish to receive their funds into their account will get one opened automatically in a seamless manner.
She encouraged Nigerians at home to inform their family and friends abroad to take advantage of this initiative so they can earn extra cash on their remittances.
By Modupe Gbadeyanka
Over 1,500 residents in Surulere, Lagos State, have received food packs from Fidelity Bank Plc under its Fidelity Food Bank initiative.
The items were distributed to beneficiaries in partnership with the Office of the Personal Assistant to the President on Constituency Affairs and the Sodiq Abiodun Ogundare (SAO) Foundation.
The financial institution developed the scheme to reinforce its commitment to community welfare and sustainable development.
The Regional Bank Head for Victoria Island/Lekki at Fidelity Bank, Mr Nnamdi Edekobi, described the initiative as a reflection of the lender’s unwavering dedication to improving the well-being of its host communities.
“Today goes beyond the distribution of food items; it is about uplifting lives, creating opportunities, and strengthening our commitment to the well-being of families in this community.” Mr Edekobi, represented by the Branch Leader for Adeola Odeku Branch, Ms Ifeyinwa Asomugha, stated.
He disclosed that since its inception, the initiative has distributed more than 150,000 food packs across Nigeria’s six geopolitical zones, positively impacting hundreds of communities nationwide.
“Today’s outreach has provided over 1,500 beneficiaries with essential feeding supplies that will help address hunger, support healthy living, and improve the overall well-being of families. This initiative also aligns with the United Nations Sustainable Development Goal 2, which focuses on achieving Zero Hunger,” he added.
Mr Edekobi further commended the Personal Assistant to the President on Constituency Affairs, Ms Khadijat Kareem Omotayo, for supporting the initiative and fostering impactful partnerships that benefit underserved communities.
On her part, Ms Omotayo praised Fidelity Bank and the SAO Foundation for bringing meaningful support to residents of Surulere.
“I am very happy that the foundation is growing. Fidelity Bank are our people, and I appreciate this collaboration that has brought this massive opportunity to our people in Surulere Constituency 1,” she stated.
She expressed optimism about sustaining future partnerships with the bank to continue improving the lives and livelihoods of Nigerians.
By Aduragbemi Omiyale
Children and teens interested in participating in becoming the chief executive of Wema Bank for one day have till Wednesday, May 20, 2026, to submit their entries.
The One-Day MD/CEO initiative was introduced by Wema Bank in 2025 to commemorate Children’s Day in a uniquely unprecedented manner.
The winner of the maiden edition was a 12-year-old Chiderije Mbah, inspiring children across the country to put in the work towards a successful future.
Inspired by the bank’s 80th anniversary theme, 80 Years of Impact, A Future of Possibilities, the Wema Bank One-Day MD/CEO initiative served as a bridge between past and future, giving children across Nigeria the once-in-a-lifetime opportunity to become the MD/CEO of Wema Bank for one day—Children’s Day.
For the 2026 Children’s Day celebration, Wema Bank will give another child or teenager [ages 0-16] a chance to step into the shoes of the chief executive of the bank, Mr Moruf Oseni, for a day.
The child will get to oversee board meetings, make tactical decisions, and experience firsthand the demands and responsibilities that come with the office of MD/CEO, especially for an institution like Wema Bank, Nigeria’s oldest indigenous national bank, most innovative and pioneer of Africa’s first fully digital bank, ALAT.
To participate, children/teens are expected to record a 60-second video detailing what their ideal role in banking would be and what they hope to achieve. This video is to be posted on any social media platform using #EvolutionOfPossibilities and tagging @wemabank on the post. The post with the highest number of likes emerges as the winner, and the winner gets to become MD/CEO of Wema Bank on Monday, May 25, 2026, in celebration of Children’s Day, with parents and teens encouraged to hurry and make their submissions before the deadline.
By Adedapo Adesanya
Nigerian tier-1 lender, First Bank, has announced the introduction of its Naira Visa Debit Card in partnership with the global payments giant to extend accessible, reliable electronic payment capabilities to a broader segment of the Nigerian population.
The card is targeted at everyday consumers who require a dependable payment instrument for routine domestic and international transactions. Accepted across POS terminals, ATMs, and online platforms through Visa’s payments network, the Naira Visa Debit Card is designed to reduce friction for customers transitioning from cash to electronic payments across retail, utilities, and digital commerce.
According to the bank, the partnership aligns with Nigeria’s ongoing drive toward a cashless economy, a policy direction that has gained significant momentum following successive Central Bank of Nigeria directives encouraging the adoption of electronic payment channels, adding that the card is intended to serve customers across the country’s diverse economic segments.
The Naira Visa Debit Card is available to all eligible FirstBank account holders through any of the bank’s branches nationwide.
Speaking on the launch, Mr Chuma Ezirim, Group Executive, eBusiness & Retail Products, FirstBank, said: “Everyday transactions should be simple, secure, and rewarding. The Naira Visa Debit Card is designed to make life easier for our customers, whether they are paying for groceries, settling utility bills, or shopping online.
“By extending reliable electronic payment access across Nigeria, we are helping more people transition confidently from cash to digital payments, supporting the nation’s cashless policy and empowering communities with greater financial inclusion.”
Commenting on the strategic importance of the partnership, Mr Andrew Uaboi, Vice President and Cluster Head, West Africa, Visa, noted: “A strong payments ecosystem works for everyone. The Naira Visa Debit Card extends reliable electronic payment access to everyday Nigerian consumers, and this in addition to the cards in our portfolio, continues to demonstrate what a truly comprehensive card portfolio looks like for the Nigerian market. Visa is proud to power this offering with FirstBank.”
The launch of the Naira Visa Debit Card broadens Visa’s card portfolio at FirstBank, which already includes products spanning credit cards and High-end premium lifestyle spending cards. The addition completes its offering across customer segments, ensuring that cardholders at every income level have access to a product suited to their needs.
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