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Tag: Ecobank

  • Ecobank raises platinum card holders’ daily spend to $15,000

    Ecobank Nigeria premier customers with platinum credit cards can spend up to $15,000.00 daily when abroad, the bank has said.

    The lender said it has also increased the maximum daily limit of its naira debit cards abroad, depending on the type of card held by the customer.

    Customers with naira debit cards, can now pay up to $4,000 and $5,000 per day on online channels and Point of Sale (PoS) terminals respectively across the world. Also foreign currency debit card holders, can spend up to $5,000.00 daily from their domiciliary accounts held in the bank.

    These limits are however subject to the Central Bank of Nigeria’s (CBN’s) annual spending limits on naira and foreign currency denominated cards.

    Ecobank’s Consumer Distribution Head, Ayotunde Kuponiyi, said the change was a response to customer feedback, as the bank is determined to reach and provide the customers convenience at all times. “This is positive news for our customers, particularly for those travelling abroad for business and leisure and for our customers in Diaspora. It is very important that Customers of Ecobank access their accounts with relative ease wherever they are, within or outside Nigeria,” he stressed.

  • Ecobank CEO praises Okpekpe road race upgrade

    Ecobank CEO praises Okpekpe road race upgrade

    The Managing Director/CEO, Ecobank Nigeria Limited, Charles Kie, has commended Pamodzi Sports Marketing, organisers of 10 kilometre Okpekpe International Road Race on the recent upgrade of the Road Race to silver Labe. The upgrade was done by International Association of Athletics Federations (IAAF).

    He said the elevation does not only lend credence to the standard and popularity of the Race, but also represents a milestone in the development of sports in Nigeria.

    Kie said the upgrade further justifies Ecobank’s consistent support to the annual event. He reiterated that the Okpekpe’s vision of a top quality competition that affords top athletes from across Africa the opportunity to compete and socialize ties with the bank’s pan-African posture.

    He maintained that the bank supports and encourages creativity and excellence among Africans, especially the young people, who are the future of the continent.

    In his words “we are delighted to be a strong part of the success story of the Okpekpe Road Race, especially on this latest elevation to the Silver Label Race, which is the first to be so recognised in West Africa”.

    The annual Okpekpe international 10km Road Race has had Ecobank Nigeria as its major banking partner. The Road Race is the first and only road race in Nigeria that has been granted full membership of Association of International Marathons and Distance Races (AIMS) and recognised as one of the prestigious road races in the world.

  • LASEPA, LAWMA support Ecobank on cleaner Lagos Initiative

    The Lagos State environment regulators have lauded Ecobank Nigeria’s various initiatives towards sustainable and safer environment in the state.

    The Lagos State Environmental Protection Agency (LASEPA) and Lagos State Waste Management Authority (LAWMA) affirmed that Ecobank’s deliberate policy to rid the state of non-biodegradable materials, such as plastic bottles and used beverage cans would go a long way in protecting the environment and promoting a cleaner Lagos.

    The two agencies pledged their support to the bank for the initiative.

    During the launch of Ecobank ‘Operation 150,000 bottles and cans’ in Lagos, LASEPA General Manager,  Adebola Shabi, praised Ecobank for being a socially responsible organisation.

    Shabi, represented by the Chief Scientific Officer, Mrs Sedoten Agosa-Anikwe, said: “This pick and pay’policy of Ecobank, which involves paying people to pick used plastic bottles and cans from Lagos streets would not only empower the unemployed youths but also check the recurring flooding in the state.

    “This is an organisation that is thinking out of the box. A bank that is effectively contributing to the society where it operates. A responsible and caring corporate citizen. We salute Ecobank.”

    Similarly, LAWMA Assistant General Manager, Special Services, Jide Onayiga, called on all corporate stakeholders in Lagos to take cue from Ecobank by partnering the state government to ensure a cleaner Lagos.

    He reiterated the Ambode administration’s commitment to a sustainable environment through the recent signing the Environmental Management and Protection Bill into law.

    Ecobank’s Corporate Banking Executive Director, Akin Dada, explained that the bank had set aside a sustainability campaign week as part of its corporate social responsibility (CSR) to give back and ensure a safer community where it operates.

    According to Dada, ‘‘Ecobank is a brand that is committed to sustaining the environment for all. This is part of the universal call to action to end poverty, protect the planet and ensure that all people enjoy peace and prosperity.’

     

  • Fintech conference holds January

    THE second edition of Fintech annual conference will hold between January 24th – 26th January, 2018 in Lagos.

    The first edition which was held in April 2017, drew participants from various industries and countries.

    According to the organizers of the event, “the 2nd National Fintech conference promises to herald contemporary thinking and developments in financial technology.

    The conference will feature high-profile speakers/subject matter experts and innovative start-ups within the fintech space.

    Unlike the first edition, the second edition will feature Nigerian Fintech Awards Night and the official launch of Fintech Association of Nigeria.

    The conference programme will include a dialogue on the African FinTech ecosystem and panel discussions on regulations and compliance as Nigeria takes the crown as the FinTech Hub for Africa. Key stakeholders such as government officials, business leaders, regulators and academics will attend.

    The panel of experts will also include: , Founder CEO, Harvesting Inc Ruchit G. Garg; Investment Officer, Accion Venture Lab, Ashley Lewis; Co-Founder & President, Ovamba Solutions, Inc,Viola A. Llewellyn;, Co-Founder, FinTech Stage,  Lazaro Campos.

    Digital Finance Institute, Ecobank, Zenith Bank, GTBank, CBN, Systemspecs, vatebra, ACCION, FSDH, echoVC, Asoko Insight, Mastercard, Proshare, Banwo and Ighodalo, Deloitte, Paga, Soft Alliance Limited and many other companies were among those participated at the 1st edition.

  • The Banker names Ecobank ‘Bank of the Year’

    Ecobank, the leading pan-African banking group, has won “Bank of the Year” awards in five of its countries of operation by The Banker which is part of the Financial Times.

    Ecobank scored the five-trophy hall at The Banker awards, which were held on 29th November at the Hilton London Bankside, with Cameroon, Guinea Conakry, Gambia, Togo and Uganda, all emerging triumphant. This is the second consecutive year that The Banker honoured Ecobank Guinea Conakry for its performance.

    The Banker is one of the most recognised and widely respected trade finance titles. Judges said that the winning countries had made significant progress over the past 12 months; not only in terms of strong financials, but by implementing new products and services which have transformed their customer service offering.

    Ecobank Group CEO, Ade Ayeyemi, said, “Ecobank is truly honoured to receive these awards. To remain relevant in Africa’s banking world of tomorrow, there is a pressing need for banks to disrupt themselves and transform their operating models. Ecobank is embracing these forces for change as we seek to build the most efficient digital banking platform in Africa.”

    “Over the past year we have worked hard to strengthen our digital service delivery in order to fulfill our promise to connect Africa and reach out to the masses. Ecobank’s geographical spread across 33 African countries tells you just how committed we are to the pan-African model. The awards demonstrate that we are making progress delivering the bank’s integrated African vision, while continuing to innovate.”

     

     

  • Ecobank research shows emerging trends for Africa

    Ecobank research shows emerging trends for Africa

    The 2017 version of Ecobank Research’s Fixed Income, Currency and Commodities (FICC) Guidebook, which provides expert knowledge and analysis on African markets for investors and businesses, was launched yesterday at AfricaFICC. Indicating a positive outlook for the continent, three key trends are forecast to take hold during the next 12 months.

    The first indicates an economic rebound in sub-Saharan Africa, driven by a recovery in the region’s economic heavyweights, Nigeria and South Africa, and ongoing growth in the top performers, Ethiopia, Côte d’Ivoire and (more recently) Ghana.

    Growth will be driven by a rise in oil production (notably in Ghana, Republic of Congo, Nigeria and Angola), strengthening infrastructure investment across West and East Africa, and improved weather conditions which bode well for crops.

    Strengthening economic activity, plus a moderate improvement in oil and mineral prices, will help narrow the current account deficit, but pressure on SSA currencies will remain. The second emerging trend points to West Africa’s gas sector becoming a hive of activity in 2018, from Senegal to Angola, with the development of gas pipelines, floating liquefied natural gas (FLNG) platforms and major gas field projects.

    Governments in the Gulf of Guinea and across West Africa have ramped up efforts to secure gas supply in order to boost domestic power generation and diversify their revenues away from crude oil.

    Deregulating the gas market and allowing market-driven gas prices will be key to unlocking further gas infrastructure investment across the region.

    The third trend suggests Fintech innovation in Africa picking up speed in 2018, buoyed by a new generation of Africans who are ‘digital natives’.

    The proliferation of tech hubs across. Africa (notably in South Africa, Kenya, Rwanda, Nigeria, Ghana and Côte d’Ivoire) will nurture the next wave of African start-ups and help connect them with investors. Digital innovation in SSA is being driven by the explosion in mobile phone usage, enabling African consumers to leapfrog existing business models and technologies.

    African Fintech firms are increasingly driving this innovation, deploying digital tools to build credit profiles for the previously ‘unbankable’, providing electricity to rural households that were previously off the grid, even using artificial intelligence to diagnose health problems remotely.

  • Ecobank supports import, export trade

    Ecobank Nigeria has organised customer forum for exporters and importers targeted at boosting trade and commerce in the country.   The Country Head, Commercial Banking, Ecobank Nigeria, Rotimi Morohunfola, said the forum is one of the several avenues by the bank to support promoters and stakeholders in export and import business.

    He explained that the engagement which was basically an interactive session afforded the Bank the opportunity to obtain feedback from participants with a view to serving them better. According to him, “We take into cognizance the role of exporters and importers in the economy. The economy is largely driven by trade. That was why we decided to hold this forum to engage our customers, feel their pulse, and also bring in the regulators like Central Bank of Nigeria (CBN) to build capacity and further enlighten them on new trends and market practices.”

    Morohunfola re-assured participants of the bank’s determination to support them at all times, urging them to continue to do business with the bank.

    Presentations were made by Transaction Services Group, Treasury and Trade Operation departments of the bank. On support for small businesses, Head, SME, Commercial Banking, Ecobank Nigeria, Sunkanmi Olowo, said the Bank had put in place several initiatives to promote small and medium enterprises (SMEs). According to him, “Ecobank is commonly regarded as SME friendly bank.

    Deputy Director, Trade and Exchange department, CBN, Olu Vincent, applauded Ecobank for holding the forum. He enlightened participants on various measures to achieve seamless transactions.

  • Ecobank Nigeria promotes 1000 workers

    The management of Ecobank Nigeria Limited has announced the promotion of more than one thousand staff. The latest promotion exercise which affected about 30 per cent of core employees of the lender is in line with its commitment to recognizing and rewarding excellence and exceptional performance. The promoted staff cut across all cadres of the workforce.

    Also, the bank has commenced a graduates recruitment exercise that will give opportunity to several hundreds of young Nigerians to join the workforce within the next few years starting from 2018 through a structured training programme that will prepare them as next generation of leaders in the banking industry.

    The Managing Director of Ecobank Nigeria, Charles Kie who announced these developments in Lagos stated that it is part of the bank’s roadmap to leadership targeted at making Ecobank one of top three banks in Nigeria within the next five years. He stated that the bank is fully committed to rewarding excellence and will continue to take appropriate positive actions in line with international best practice to sustain excellence in its work force.

     

    Mr Kie emphasized that Ecobank Nigeria would also continue to simplify and digitize its operations to better serve its customers.

    “This exercise is part of steps taken by the bank to realign its work force for better efficiency in line with best practices. Our people are our greatest  asset as they allow us to maintain high service quality standards, constantly improve on customer satisfaction and enhance our brand experience” Kie said.

    The promoted staff were selected through an appraisal exercise conducted using an in-house developed performance management system which uses both financial and non-financial metrics to appraise staff. He maintained that Ecobank is an institution where high professional culture and exceptional performance are recognized and rewarded.

    Ecobank Nigeria is part of the Ecobank Group represented in 36 African countries. The Group employs nearly 19,000 people from 40 different countries, with over 1,200 branches and offices.