Ecobank Takes Financial Planning Education To Schools

Image

Ecobank Nigeria last week embarked on financial education for Secondary School students across the country on personal financial management, including savings, budgeting, and investment being part of activities to commemorate Global Money Week (GMW).

Tutoring the students of Comprehensive School Management and Technology, New Layout, Abakaliki, Ebonyi state, Managing Director, Ecobank Nigeria, Bolaji Lawal, reiterated that, “Saving is the act of putting money aside for future use.

“There are different ways to save, like putting your money in a savings box or through savings groups, but the recommended way is in a bank account. You can save for short-term goals such as buying clothes, buying books or long-term goals such as going to university, buying a car, etc.”

Mr Lawal further advised the students on the investment avenues such as stocks, bonds, and real estate, stating that the choice of investment should align with their financial plan. The interactive session saw the students asking questions which were promptly responded to.

The Ecobank Nigeria Managing Director, who was represented by the Branch Manager, Abakaliki, Mr Chris Igili, explained to the students and staff of the school how to earn and make money, the various investment channels and the need to donate for positive social impact, amongst others. He emphasized that sound financial planning guarantees a fulfilling future.

The 11th edition of GMW with the theme, Plan your Money, plant your Future, which took place between March 20 and 26, saw other Senior Management staff of Ecobank Nigeria tutoring and mentoring students across several schools in major cities across the country, including Lagos, Ibadan, Abuja and Yenagoa.

Global Money Week is an annual global celebration initiated by Child & Youth Finance International (CYFI), with local and regional events and activities aimed at inspiring children and youths to learn about money, saving, creating livelihoods, gaining employment and becoming entrepreneurs. It is also aimed at empowering the next generation to be confident, responsible and skilled economic citizens.

Share
Related Stories
Image
13-March-2024

LivingTrust Mortgage Bank Trades Flat Amid Interest from Foreign Investor

By Aduragbemi Omiyale Shares of LivingTrust Mortgage Bank Plc have remained unchanged at N3.27 per unit on the floor of the Nigerian Exchange (NGX) Limited despite reports of an investor intending to take up to 7 per cent stake in the firm. There have been reports in the past few days that a foreign investor wants a bite of the real estate lending firm. The unidentified investor is reportedly interested in the acquisition of 7 per cent of its shares. It was said that the investor has seen future value in the company and wants to quickly position himself before

Image
05-March-2024

Banks Involved in 70% of Economic Crimes in Nigeria—EFCC

By Aduragbemi Omiyale Nearly 70 per cent of financial crimes in Nigeria have the involvement of banks, the Economic and Financial Crimes Commission (EFCC) has claimed. “Broadly speaking, banking fraud in Nigeria is both inside and outside related. “The inside related fraud comprises outright selling of customers’ deposits, authorising loan facilities, forgery and several other kinds of unhealthy and criminal practices,” the chairman of EFCC, Mr Ola Olukoyede, said while speaking at the Annual Retreat and General Meeting of the Association of Chief Audit Executives of Banks in Nigeria held in Abuja. The EFCC boss, represented by the agency’s Director

Image
21-February-2024

FG to Restructure, Recapitalise Bank of Agriculture for Better Value

By Adedapo Adesanya The federal government has revealed plans to recapitalise and restructure the Bank of Agriculture (BOA) to bolster Nigeria’s agricultural sector and achieve national food security. This was one of the core revelations made by the Vice President, Mr Kashim Shettima, during the first meeting of the National Council on Privatisation (NCP) for the year 2024 at the Presidential Villa, Abuja on Tuesday. He said there is a central role that BOA could play in achieving national food security, citing its extensive branch network across all senatorial districts in the country. Mr Shettima, however, expressed concern about the

Image
12-March-2024

Abbey Mortgage Bank Relishes Transformative Journey, Impact of 32 Years

Abbey Mortgage Bank, a leading institution in the mortgage industry, is celebrating its 32nd anniversary this year. Over the past three decades, Abbey Mortgage Bank has evolved into a beacon of excellence, driving positive change and making a lasting impact on individuals and communities alike. Since its establishment in 1992, Abbey Mortgage Bank has undergone remarkable transformations, emerging as a pioneer in the mortgage sector. Beyond providing traditional mortgage services, the bank has expanded into retail banking, broadening its scope to better serve its customers’ needs. “Through dedication and innovation, our workforce has been the driving force behind Abbey Mortgage

More Stories
Image
16-August-2018

Experts Brainstorm on Future Work Template at Stanbic IBTC Bank Forum

By Olubori Oduntan In a rapidly changing world, more so in the digital space, finding the right models to anchor human capital development will remain a paramount determinant of corporate success. This thinking underscores the Workplace Banking Seminar’ organized by Stanbic IBTC Bank PLC, a member of Stanbic IBTC Holdings PLC, in Lagos, recently. The seminar, with the theme, ‘The Future of Work and the Role of Human Capital’, attracted participants from both the public and private sectors, including Human Resources Managers , Financial Service Institutions, Insurers, Fintechs, Government Agencies, Regulators, Private Equity and Venture Capital firms, amongst other players

Image
22-June-2023

Protein Professionals Undergo Training to Boost Nigeria’s Agric Sector

By Modupe Gbadeyanka A workforce training for early-to-mid-career protein professionals designed to equip them with the skills and knowledge necessary to drive innovation and growth in Nigeria’s agricultural sector has been organised by the Soy Excellence Centre (SEC), a US Soybean Export Council (USSEC) initiative, in partnership with the Industrial Training Fund. The collaboration between both parties, funded in part by the United Soybean Board, marks a significant milestone in the SEC’s efforts to expand its training curriculum to current and potential trainees throughout Nigeria across the Agri Training Centres. By working together, the SEC and the Industrial Training Fund

Image
24-July-2023

Airtel Nigeria Promotes Staff for Exceptional Contributions

By Modupe Gbadeyanka For their exceptional contributions to the growth of the company and their outstanding services to customers, Airtel Nigeria has promoted some of its employees across its regions of operations. It is the first leg of its yearly promotion exercise held twice a year in July and December. In this first batch, no fewer than 20 members of staff moved into senior leadership roles, out of which three are women, with one promoted to the position of Vice President. In a statement, the telecommunications network provider said the promotions, which took effect from April 1, 2023, mark another

Image
31-March-2017

EFCC Declares Benedict Peters Wanted

By Dipo Olowookere Managing Director of Aiteo Group, Mr Benedict Peters, has been declared wanted by the Economic and Financial Crimes Commission (EFCC). A statement issued by the Head Media & Publicity of the EFCC on the agency’s website stated that Mr Peters is being wanted in connection with a case of criminal conspiracy, diversion of funds and money laundering. It appealed to members of the public, who have useful information as to his whereabouts to contact the anti-graft agency “in its Enugu, Kano, Lagos, Gombe, Port Harcourt and Abuja offices or through these numbers 0809332644 (0809EFCCNIG), 08183322644 (0818EFCCNIG), 09-9044751, 

Image
01-November-2019

IHS Towers Appoints Bush, Land to Board of Directors

The board of directors of IHS Holding Limited, one of the largest independent owners, operators and developers of shared telecommunications infrastructure in the world and leader in EMEA by tower count, now has two new additions. The new appointees are Mr John Ellis (Jeb) Bush, who is the current President of Jeb Bush & Associates LLC, and Mr Nick Land, a chartered accountant, who retired as Executive Chairman of Ernst & Young LLP in 2006 following 36 years with the firm. Mr Bush joins the board of IHS as a Non-Executive Independent Director. He was the Governor of Florida between

Image
13-October-2017

NSE: Stock Market Closes Week with N40b Gain

By Modupe Gbadeyanka Transactions on the floor of the Nigerian Stock Exchange (NSE) closed on a positive note on Friday as a result of return of investors’ confidence in the market. At the close of business for the week on Friday, the stock market appreciated by 0.32 percent, leaving the year-to-date (YTD) return to close at 37.11 percent. Like yesterday, the market breadth closed positive as 28 stocks appreciated in value against 13 equities, which posted losses of various degrees. However, International Breweries was the highest gainer today, expanding by N1.99k to settle at N41.89k per share. Lafarge rose by

Image
13-June-2023

BREAKING: Tajudeen Abbas Becomes Speaker of House of Reps

By Dipo Olowookere Mr Tajudeen Abbas has been elected as the Speaker of the House of Representatives by members-elect after he was nominated by the outgoing Majority Leader of the House, Mr Alhassan Ado-Doguwa. The new Speaker, who is taking over the lower chamber of the parliament from Mr Femi Gbajabiamila, the new Chief of Staff to President Bola Tinubu, hails from Kaduna State. At the voting on Tuesday, Mr Abbas polled 353 votes to defeat his rivals, Mr Idris Wase and Mr Sani Jaji, who garnered three votes each. He has since taken his oath of office, while Mr

Image
16-March-2019

We’re Supporting Women to Unleash Their Potential—Ecobank MD

Managing Director of Ecobank Nigeria, Mr Patrick Akinwuntan, has explained that the Ecobank Female Entrepreneurs Initiative is a platform designed to recognise women as special and unique customers who require tailor-made service offerings. The Ecobank Managing Director, who was speaking in Lagos, reiterated that the concept was designed to provide women with the necessary support to help them excel in their endeavours, promote and grow their businesses and generally position them for increased participation, validation and contribution within the society. According to Mr Akinwuntan, “Increasingly, we are seeing the change in the attitudes of women, and their economic viability as

Ad
Ad
Recent Stories
Image
19-March-2024

Brent Jumps to $86 Per Barrel on Low Crude Exports, Stronger Demand

By Adedapo Adesanya  The price of the international crude benchmark, Brent Crude, rose by 88 cents or 1.0 per cent to $86.22 per barrel on Monday, triggered by lower crude exports from Iraq and Saudi Arabia and signs of stronger demand and economic growth in China and the US. Also, the US West Texas Intermediate (WTI) crude appreciated by $1.01 or 1.3 per cent to $82.05 per barrel, as Iraq, the second-largest producer in the Organisation of the Petroleum Exporting Countries (OPEC), said it would reduce crude exports to 3.3 million barrels a day in the coming months to compensate

Image
18-March-2024

Cardoso Begins CBN Clean-up, Removes Directors Close to Emefiele

By Aduragbemi Omiyale There are strong indications that some directors at the Central Bank of Nigeria (CBN) may have to lose their jobs in the in-house clean-up exercise by the Governor, Mr Yemi Cardoso. Reports suggest that Mr Cardoso wants to let go of some directors who worked closely with Mr Godwin Emefiele, who President Bola Tinubu believes worked to stop him from going to Aso Rock. Recall that during his electioneering campaign, Mr Tinubu accused the former CBN chief and some persons of introducing the botched Naira redesign policy to frustrate him. Immediately after he assumed office on May

Image
18-March-2024

Profit-Taking Depletes Nigerian Exchange by 0.40%

By Dipo Olowookere The Nigerian Exchange (NGX) Limited succumbed to profit-taking on Monday, shedding 0.40 per cent despite a bullish investor sentiment. The local bourse ended with 27 price gainers and 18 price losers today, implying a positive market breadth index. The selling pressure was just investors booking profit after gains in the past few trading sessions, especially in MTN Nigeria, GTCO, Zenith Bank and others. The heaviest price depreciation was recorded by McNichols, 9.30 per cent, closing at N1.17, and was trailed by DAAR Communications, which shed 8.97 per cent to 71 Kobo. UPDC declined by 7.89 per cent

Image
18-March-2024

NCC Announces 90% Restoration of Voice, Data Services After Cable Cuts

By Adedapo Adesanya The Nigerian Communication Commission (NCC) has announced that voice and data services affected by undersea cable cuts last week have been 90 per cent restored. In a series of tweets signed by Mr Reuben Muoka, the Director of Public Affairs at the commission on Monday, March 18, the NCC said, “Following the disruption on March 14, 2024, which affected data and voice services due to cuts in undersea fibre optics along the coasts of Cote d’Ivoire and Senegal, we are pleased to announce that services have now been restored to approximately 90% of their peak utilization capacities.”

Image
18-March-2024

Unity Bank, SkillPaddy to Train Female Software Engineers

By Modupe Gbadeyanka At least 1,000 female software engineers will undergo a training programme organised by SkillPaddy through its Count Her In tech programme with support from Unity Bank Plc. The IT skill development and empowerment initiative is intended to bridge talent supply gaps while providing individuals with the opportunity to meet their training goals and launch careers in the tech industry. It was disclosed that about 40 young girls will receive full sponsorship from Unity Bank in the special training initiative which was conceived as part of activities to commemorate this year’s International Women’s Day 2024. All beneficiaries of

Image
18-March-2024

Your Moods Soundtracked With Spotify’s New Daylist Feature

Throughout the day, your mood changes, and so does the music you listen to. Last night might have been an island vibes riddim Monday night, while this moment is more of a nostalgic 2010s Tuesday afternoon. The point is, that you’re ever-changing, and your playlists should be too. Say hello to daylist, your day in a playlist. This new, one-of-a-kind playlist on Spotify ebbs and flows with unique vibes, bringing together the niche music you typically listen to during particular moments in the day or on specific days of the week. It updates frequently between sunrise and sunset with a

Image
18-March-2024

Stanbic IBTC Adopts Mala Kachallah Model School, Three Others

By Modupe Gbadeyanka Mala Kachallah Model School in Maiduguri, Borno State; Methodist School Mbiafun Nkwono Ikono, Akwa Ibom State; Aramoko District School, Aramoko Ekiti State; and Magin Rafi Model Primary School Tudun Wada, Sokoto State have been adopted by Stanbic IBTC Holdings Plc. The leading financial services provider in Nigeria revamped these citadels of learning under its Adopt-a-School programme structured on the company’s Social, Environmental, and Economic (SEE) framework, which aligns with its mission to be a responsible corporate citizen. It was learned that Stanbic IBTC renovated and rebuilt classroom blocks, provided modern and conducive learning environments, furnished classrooms, established

Image
18-March-2024

Nigeria’s Data Regulator Investigates Alleged NIMC Breach

By Adedapo Adesanya The Nigeria Data Protection Commission (NDPC) is investigating allegations of unauthorised access to the personal data of enrollees in the database of the National Identity Management Commission (NIMC). This was disclosed by Mr Vincent Olatunji, the National Commissioner of the data regulation body in a statement signed by Head of Legal, Enforcement and Regulations, NPDC, Mr Babatunde Bamigboye on Monday. He said the investigation is a further regulatory measure to be taken by the commission in the wake of public concerns over reports of illegal access, to the personal data of enrollees by a shadowy entity called

Image
18-March-2024

Russia Validates Partnership with Republic of Congo

By Kestér Kenn Klomegâh Over the years, Russia and the Republic of Congo have had good bilateral relations and, undoubtedly, there are still prospects for strengthening these relations, especially in the economy and security spheres as underlined during the meeting between Vladimir Putin and Denis Sassou-Nguesso in the Kremlin. “Our countries have always had friendly relations that have been developing this way for 55 years now. Our trade is growing – by over 60 per cent – although, unfortunately, the numbers in absolute terms are still modest. But, we have good potential in several industries, such as energy, the processing

Image
18-March-2024

2,250 Professionals for Interswitch Job Shadowing Programme

By Modupe Gbadeyanka An initiative known as Job Shadowing Programme designed to empower about 2,250 professionals through immersive training, tailored coaching, and mentorship sessions has been introduced by one of Africa’s leading integrated payments and digital commerce companies, Interswitch. A statement disclosed that the mentorship sessions would span diverse disciplines such as engineering, product management, operations, marketing, finance, and human resources. The firm explained that the scheme was designed to nurture emerging talent and enhance capabilities within the continent’s tech sector. Scheduled to run from March to June 2024, participants will immerse themselves in comprehensive training, gaining insights into industry