Banking
Yemi Kale, Others to Discuss Income Management at Ecobank Nigeria Webinar
By Modupe Gbadeyanka
One of the things that give income earners sleepless nights is saving for rainy days. This worries low-income earners, who believe their earnings can barely meet their needs.
But on Friday, May 5, 2023, their perception of income management and growth might change if they endeavour to partake in an online workshop organised by Ecobank Nigeria.
The lender said it is inviting the former Statistician-General and chief executive of the National Bureau of Statistics (NBS), Mr Yemi Kale, who is now a Partner and Chief Economist of KPMG Nigeria, to discuss Maximizing Your Income: The Power of Diversification.
The event is aimed at educating participants on how to grow their earnings and manage their money. It would also have another expert in attendance, Oluyemisi Ogunmola, the Managing Director of EDC Fund Management Limited.
Others include Victor Yalokwu, the Head of Personal Banking at Ecobank Nigeria Limited; and Daberechi Effiong, the Head of Consumer Products at Ecobank Nigeria.
The Head of Consumer Banking at Ecobank Nigeria, Mrs Korede Demola-Adeniyi, disclosed that the webinar would focus on practical financial planning insights on maximizing income and how customers and members of the public can key in as they go through their financial lifecycle.
“I’m impressed with the calibre of speakers selected for this webinar. They are quite experienced and subject matter specialists. I believe they will do justice to the theme.
“The keynote speaker, Dr Yemi Kale, is well-known and versed on the subject matter. He will be joined by business experts from our Consumer banking team, as well as EDC, the bespoke investment arm of the Ecobank,” she said.
The banker noted that the webinar is further proof of the bank’s commitment to the financial well-being of her customers and urged the bank’s customers and non-customers to register and participate fully in the webinar, assuring them that the learning points would greatly impact their lives and businesses.
According to her, “In the face of current realities, people are generally seeking best ways to manage and grow their resources. This webinar presents an opportunity for us as a bank that cares and is proactive enough to facilitate a discussion on how to grow and maximise income.
“We will also expound on the benefits of income diversification. We have assembled subject matter specialists such as Dr Kale to share their expertise and experience. It is important to note that this webinar is not limited to our customers. It is for all. They will all find it most rewarding and impactful. You can register via https://forms.office.com/r/HHJfF3V7YP.”
Further, Mrs Demola-Adeniyi explained that the webinar is targeted at individuals, salary earners, small businesses, self-employed and other interested stakeholders, adding that it will also provide a guide to investment in key sectors and the bank’s offerings to help customers get the best out of today’s financial landscape.
Ecobank Nigeria Ltd is an affiliate of the Ecobank Group, the leading private pan-African banking group. Ecobank Nigeria offers a comprehensive suite of financial services and solutions to its Consumer, Commercial, Corporate and Investment Banking clients at over 200 branches and 50,000 Xpress Point agency locations in Nigeria.
The Ecobank Group was established in 1985 to drive financial integration and socio-economic development in Africa. With a presence in 35 sub-Saharan African countries as well as in France, the UK, UAE and China, we have unrivalled expertise and experience across Africa. The Ecobank pan-African platform provides a single gateway for payments, cash management, trade and investment across Africa and beyond.
By Aduragbemi Omiyale
A collaboration to enable fast money transfers into Nigeria has been entered into between Flutterwave and Xoom, PayPal’s international digital money transfer service.
The partnership allows Xoom transfers to be converted by Flutterwave and settled locally in Naira, enabling quick transfers directly into recipients’ bank accounts at Access Bank, UBA, Zenith Bank, First Bank, GTBank, and additional participating banks across Nigeria.
The deal also enables Xoom’s global network with Flutterwave’s local payout infrastructure, allowing users globally to send funds directly into Nigerian bank accounts with improved speed and efficiency.
Nigeria is the leading remittance recipient in Sub-Saharan Africa, receiving over $20 billion in personal remittances in 2024. Despite this volume, receiving international payments has historically remained complex due to FX constraints and settlement delays. This collaboration helps address those challenges in a market of more than 232 million people, where the ICT sector is projected to contribute 21 per cent of GDP by 2027.
By combining Xoom’s expansive reach with Flutterwave’s local compliance and banking partnerships, the two companies are providing a more accessible financial corridor for the continent.
Xoom, a PayPal service, is a fast and secure international digital money transfer service that enables consumers to send money, pay bills, and reload phones for friends and family in approximately 160 markets globally.
As part of PayPal’s global payments ecosystem, Xoom leverages advanced fraud protection, compliance capabilities, and a trusted global network to help millions of customers move money quickly and securely across borders.
“We’re excited to have been chosen by Xoom for their Nigeria expansion. Millions of Nigerians rely on money from abroad to support everyday needs, whether it’s families receiving help from loved ones, freelancers getting paid for their work, or individuals earning income from the global economy. This helps make it easy and more reliable for people in Nigeria to receive funds and stay connected to opportunities beyond borders,” the chief executive of Flutterwave, Mr Olugbenga GB Agboola, stated.
By Aduragbemi Omiyale
An initiative known as Nigeria Lightning Rounds, designed to expand funding opportunities for Nigerian startups and small businesses by connecting founders with local and international investors, has been launched by ProvidusUnity Bank, in partnership with US-based global venture firm and accelerator, gener8tor.
Scheduled to be held on July 15, 2026, Nigeria Lightning Rounds will feature carefully selected startups engaging with targeted investors who have expressed interest in supporting Nigerian innovation.
Participating founders will have the opportunity to pitch their businesses through focused 15-minute virtual sessions facilitated by gener8tor and ProvidusUnity Bank’s networks.
The program will focus on high-growth sectors including fintech, healthtech, manufacturing, sustainability, and AI, but welcomes SMEs from all industries, with intending participants urged to apply via https://www.gener8tor.com/lightning-rounds/nigeria.
“We recognise that access to capital remains one of the biggest challenges facing entrepreneurs in Nigeria. Through our partnership with gener8tor, we are creating a platform that connects promising Nigerian founders with investors who can provide the support required to scale their businesses,” the Head of Business Development at ProvidusUnity Bank, Mr Ernest Elue, stated.
“The partnership reinforces ProvidusUnity Bank’s commitment to strengthening Nigeria’s entrepreneurial ecosystem by supporting innovation, enabling access to opportunities, and creating pathways for businesses with high-growth potential,” he added.
Also commenting, the Director of Lightning Rounds at gener8tor, Ms Elizabeth Larios, said, “gener8tor is thrilled to partner with ProvidusUnity Bank to extend the Lightning Rounds model into Nigeria.
“This collaboration reflects our commitment to building equitable ecosystems and driving capital to the most promising and underrepresented entrepreneurs.”
Lightning Rounds are a signature initiative of gener8tor’s investment platform, which has facilitated thousands of investor-startup meetings globally. The format is optimised to eliminate friction, reduce bias in early-stage fundraising, and help founders secure capital from investors aligned with their mission and stage. gener8tor’s previous Lightning Rounds for Nigerian Founders in 2025 featured 18 participating Investors and led to 50 investment meetings facilitated.
By Modupe Gbadeyanka
The verification of the depositors of the 46 microfinance banks, whose operating licenses were revoked by the Central Bank of Nigeria (CBN) over a week ago, has commenced.
The exercise, aimed at refunding those whose funds were trapped in the small lenders, is being conducted by the Nigeria Deposit Insurance Corporation (NDIC).
In a statement on Thursday, the agency said its staff members have been positioned at the offices of the affected banks across the country to attend to depositors.
It was disclosed that depositors of the defunct banks, who had their Bank Verification Numbers (BVNs) linked to their accounts in the failed banks, will be paid through their alternative accounts in existing banks.
However, depositors whose BVNs were not linked to their accounts in the failed banks have been encouraged to visit the affected banks’ offices with proof of account ownership, a passport photograph, verifiable means of identification (Driver’s Licence, Permanent Voter’s Card, International Passport or National ID Card) and BVN.
NDIC also stated that depositors can alternatively file their claims online through its website: www.ndic.gov.ng, to complete the Pre-Verification Claims Form by clicking on the Search Bar, and typing Pre-Verification Claims Form; opening the Form and filling in their details. They can also do so by clicking the link: https://ndic.gov.ng/ndic-pre-verification-claims-form/ or by visiting any of the NDIC offices closest to them to file their claims.
For further enquiries, the corporation can be reached on any of the following lines: 09037273810, 09038197064, 08104220807, 09064657140.
