Ecobank Describes Women as Bedrock of Entrepreneurship

By Adedapo Adesanya The African Export-Import Bank (Afreximbank) recorded a 107.1 per cent growth in total interest income to $1.1 billion for the half-year of 2023 versus $540.8 million in the same period of 2022. This was contained in the consolidated financial statements of the bank and its subsidiaries for the half year ended 30 June 2023, which demonstrates a strong and resilient performance, which was ahead of expectations due to global headwinds. The growth in its total interest income came as a result of increased volume of interest-earning assets, particularly loans and advances and higher interest rates. Afreximbank Group’s

By Dipo Olowookere Schools have been urged to choose Ecobank Nigeria Limited as their preferred financial institution for fee payments and collections because of the exciting advantages the lender offers. The Head of Consumer Banking at Ecobank, Mrs Korede Demola-Adeniyi, made this appeal while rolling out the special loan packages designed by the bank for its back-to-school initiatives. Mrs Demola-Adeniyi said the financial institution created some packages for parents, guardians and schools in line with its overall strategy to support the development of the nation’s education sector. According to her, there is a Banking-for-School pack for educational institutions to access

By Adedapo Adesanya Yellow Card has joined forces with MoonPay, a global leader in the cryptocurrency ecosystem, towards expanding cryptocurrency accessibility in Nigeria by leveraging local bank transfers. Despite a ban on trading via official channels, Nigeria has emerged as a powerhouse in the African cryptocurrency landscape, with increasing numbers of individuals turning to digital assets to hedge against inflation and economic uncertainty. The volatility in the local crypto market, marked by the recent challenges faced by various crypto companies in Nigeria, has underscored the critical need for a stable and reliable means of accessing cryptocurrencies. This partnership between both

By Aduragbemi Omiyale The forthcoming trade expo organised by Fidelity Bank Plc has received the endorsement of the Mayor of Houston Texas, Mr Sylvester Turner. Mr Turner, in a short video, highlighted the several side attractions scheduled for FITCC Houston and encouraged businesses to take advantage of the expo to expand their businesses beyond borders. He described the event as “A catalyst to support bilateral trade between Nigeria and Houston; and an opportunity for the Houston community and the diaspora to explore emerging trends, forge new partnerships and unlock new possibilities.” The Nigerian lender will, on Tuesday, October 24 and

By Adedapo Adesanya The African Youth Survey 2020 has revealed a rising “Afro-optimism” among youths in Africa driven by a strong sense of individual responsibility, a post-colonial mindset, entrepreneurialism and confidence in a shared African identity. Conducted across 14 African countries, it was discovered that Africa’s youth believe they can solve problems collaboratively and are hopeful of fighting corruption, achieving peace and improving their personal living conditions. These new findings contradict global stereotypes and outdated narratives that see Africa as a hopeless continent. The survey was conducted by the Ichikowitz Family Foundation, a leading African foundation encouraging active citizenship across

Ecobank Nigeria has announced the appointment of key Management Officers across various levels, with the Central Bank of Nigeria (CBN) approving the development. Amongst those appointed are Kenneth Okere, who is now the Company Secretary/Chief Legal Counsel; Ibukunoluwa Oyedeji, Chief Financial Officer (CFO); Abiola Aderinola, Financial Controller; Adetokunbo Uko, Treasurer and Akintunde Dawodu, Chief Compliance Officer and Head, Compliance & Control. According to the Managing Director of Ecobank Nigeria, Mr Patrick Akinwuntan, the appointments are in line with the bank’s Roadmap to Leadership Transformation Programme. He also noted that Ecobank, which also promoted over 950 staff early this year, was

By Modupe Gbadeyanka Friday, May 19, 2023, will remain memorable for fun-seekers in Lagos as an exquisite rooftop relaxation centre, Sky Garden Lagos, was officially launched amid pong and pageantry. The facility, established to transform the nightlife experience of Lagosians, is located at 1089b, Adeola Odeku Street, Victoria Island. The founder of Sky Garden Lagos and chief executive of Crepaway Nigeria, Ms Nashaira Belisa, explained that the idea behind the rooftop lounge is to offer an experience to consumers and guests that will stimulate their senses in a safe and cosy atmosphere while having fun. “At Sky Garden Lagos, we

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange posted a 0.1 per cent marginal growth on Wednesday after two consecutive sessions in the flat territory. The day’s favourable outcome was buoyed by Niger Delta Exploration and Production (NDEP) Plc, which recorded a rise in its stock price. The oil and gas firm recorded a 31 kobo or 0.11 per cent growth to close at N280 per share in contrast to N279.69 per share it closed at the preceding day. As a result of this, the NASD unlisted security index (NSI) moved up by 0.07 points to settle at 754.88

By Dipo Olowookere An Anglophone West Africa Private Equity firm, Verod Capital Management, is offering over N5 billion for the acquisition of Law Union & Rock Insurance Plc. Already, the board of the insurance company has considered the offering, but awaiting approvals from the National Insurance Commission (NAICOM), Securities and Exchange Commission (SEC), Federal Competition and Consumer Protection Commission, and the Nigerian Stock Exchange (NSE). The board, in a disclosure on Friday, said it would present this to shareholders after securing approvals of these regulatory agencies. Verod, which focuses on investing equity and equity linked capital in growth companies across

By Nneka Okumazie There are lots of similarities between places and communities around the world, yet, some are developed or speedily developing while others aren’t. There are no societies without smart people, strong people, people with skill, or daring people, etc. But the nurture of people across cultures – places the reach of what they achieve on a varying pedestal. There’ve been civil wars in many places, or other kinds of conflicts for other kinds of reasons. There’ve been courageous leaders who risked much and fought for their people. There’s been independence, changes in alliance, etc. Lots of progress achieved

By Modupe Gbadeyanka The local currency traded flat at the parallel segment of the foreign exchange (forex) market on Wednesday. The Naira, which was sold at N364 to a Dollar on Tuesday, remained at the same rate yesterday, while the local currency, exchanged at N507 to the Pound on Tuesday, closed at the same amount on Wednesday. Also, the Nigerian legal tender, which was transacted at N448 per Euro two days ago, settled at N448 at the close of business yesterday. At the Investors’ and Exporters’ forex (I&E FX) window yesterday, the Naira was exchanged at N360 yesterday, while at

No fewer than 90 journalists have been sponsored by Chevron Nigeria Limited (CNL) for the Advanced Writing And Reporting Skills (AWAReS) at the Pan Atlantic University (PAU), Lagos State. While addressing beneficiaries of the AWAReS programme for 2018, General Manager, Policy, Government and Public Affairs (PGPA) at CNL, Mr Esimaje Brikinn, disclosed that the gesture was in line with CNL strong belief in the development of human capital. “CNL strongly believes in the development of human capital. In line Chevron’s core values of building productive and beneficial relationships, CNL has since 2014 sponsored journalists to the AWARes programme. “The essence