PoS agency banking: No smooth operation yet
Saviour Adugba
September 16, 2020
Saviour Adugba Good, bad and ugly N I G E R I A HAS BEEN ON A LONG drive for financial inclusion, supported by a related journey to bolster the development of its digital economy. In the quest to achieve this, the Central Bank of Nigeria (CBN) and the Ministry of Communications and Digital Economy […]
Nigeria inflation refuses to let up. How does it affect you?
Charles AbuedeSeptember 15, 2020
Charles Abuede Nigeria’s consumer price index, which measures the average change in the prices of goods and services consumed by people for day-to-day living over time, rose by 1.34 per cent to 13.22 per cent (year on year) in the month of August 2020, indicating a 0.40 per cent point rise from the rate (12.82 […]
Nigeria’s forex illiquidity: CBN’s Emefiele shifts strategy to export, meets CEOs of multinational firms
Phillip Isakpa & Charles AbuedeAugust 26, 2020
By Phillip Isakpa & Charles Abuede Godwin Emefiele, Nigeria’s development-focused central bank governor, appears to want to spread that agenda further to driving the country’s exports as he unveiled plans to meet chief executives officers of multinational companies in Nigeria. Emefiele wants to discuss with them and get a buy-in on his plans to […]
CBN directs trade dealers to open form M for LCs
Aderemi OjekunleAugust 25, 2020
Charles Abuede To introduce product pricing mechanism The Central Bank of Nigeria (CBN) has directed all authorised dealers in the international trade market to open Forms M for Letters of Credit (LC), Bills for Collection and other forms of payment in favour of the ultimate supplier of the product or service with immediate effect. Aim of […]
Ecobank Nigeria CEO advises graduates to go into agric, day-to-day use products
Aderemi OjekunleAugust 21, 2020
Nigerian tertiary institutions’ graduates aspiring to go into business have been advised to go into agriculture, food, telecommunications and finance related businesses that have day-to-day use. Patrick Akinwuntan, the managing director, Ecobank Nigeria, gave the advice in an address to graduands of Babcock University, Illishan Remo, on Thursday. In addition, the Ecobank Nigeria boss said […]
Ecobank blazes trail, introduces card-less ATM withdrawals
Businessam StaffAugust 6, 2020
Ecobank has stated that cash withdrawals can be made at all its ATMs, without a card. The Ecobank cardless withdrawal concept, Xpress Cash, enables users to withdraw cash from ATMs using only a mobile phone, with no ATM card is required. The solution is seamless, secure and is driven by the generation of a code […]
National diaspora day: Ecobank offers zero Fees on Rapidtransfer
Businessam StaffJuly 24, 2020
In commemoration of the National Diaspora Day, Ecobank Nigeria has said it is offering zero fees for money transfers on the Rapid transfer app from now till the 31st of October 2020. The federal government has set aside July 25 of every year as the National Diaspora Day in recognition of the contributions of Nigerians […]
Ecobank advises customers to use digital channels for transactions
Businessam StaffJuly 17, 2020
Ecobank has advised its customers to utilise the bank’s digital banking platforms for their banking transactions especially now that social distancing has become imperative. Olukorede Demola-Adeniyi, head, consumer banking, Ecobank Nigeria stated this on the back of shift in transaction mode from physical touchpoints to digital platform in the era of Covid-19. According to her, […]
Ecobank extends free digital money transfers
Businessam StaffJune 26, 2020
Ecobank has extended its zero charge fee for digital money transfers below N5,000 till the end of September this year. In addition to the free USSD session fee currently enjoyed by Ecobank customers, users of Ecobank Mobile, Ecobank Online, USSD – Ecobank *326# will continue to enjoy zero fee charge for digital money transfers below […]
Covid-19: Experts advise managers to rethink, adapt business culture
Businessam StaffJune 24, 2020
Nigerians have been advised to move from the realm of denial, anger and accept the reality of the ‘new normal’ occasioned by COVID-19 pandemic by properly articulating their goals and developing a financial plan based on available resources. This was the submission of investment and financial experts at the Ecobank Webinar on the topic, ‘Personal […]