ecobank Archives - Inside Business Africa

Aug272020 by Joshua OlotuNo Comments

Ecobank Group’s Pan-African Banking Sandbox is Live

Finance

After a successful pilot run with select Fintechs in early 2020, the Pan-African Banking Sandbox of Ecobank Group (Ecobank.com) is now live and acessible, on request, to the African Fintech community. The Sandbox allows Fintechs to access Ecobank’s Application Programming Interface (APIs) for the development of innovative solutions. The Sandbox is a major milestone for the Ecobank Group on it’s Open Banking strategy and it will accelerate partnership with Fintechs and other Partners across Africa. The Sandbox will position the annual Ecobank Fintech Challenge beyond a competition to a Developer Platform and Marketplace of fintech solutions. The Sandbox is designed to be relevant to the needs of the Ecosystem The Group Executive, Technology and Operations – Mr. Eddy Ogbogu stres...

Jun182020 by Joshua OlotuNo Comments

NSE reopens bearish as investors’ lose N119 billion amid profit-taking

Capital Market

The Nigerian Stock Exchange (NSE), resumed trading on a downward note, Monday, occasioned by profit-taking in bellwether stocks, as investors wealth dipped N119 billion. Yesterday, the All Share Index (ASI) shed 228.35 points or 0.91 per cent to 24,954.32 points. Accordingly, investors lost N119 billion in value as market capitalisation slipped to N13.018 trillion. The downturn was impacted by losses recorded in medium and large value stocks, amongst which were; MTN Nigeria Communications (MTNN), BUA Cement, Zenith Bank, Ecobank Transnational Incorporated (ETI), and Guaranty Trust Bank. Capital market analysts attributed the decline to profit-taking in stocks that have gained, maintaining a bearish outlook this week, as market fundamental remains susceptible to the negative effect...

Apr272020 by Joshua OlotuNo Comments

COVID-19: Ecobank Nigeria supports States with Food items

Growth & Insight

These palliatives are targeted at the most vulnerable members of the society who have been the hardest hit economically as a result of the current crises. Speaking in Lagos, Executive Director Commercial Banking, Ecobank Nigeria, Carol Oyedeji said this action would also go a long way in supporting members of the community who earn a daily wage and may not have the opportunity of working under the present environment. She noted that the donations are part of the bank’s Corporate Social Responsibility (CSR) and focused on providing support as best as possible. She remarked that “as a bank we give strong priority to people’s welfare. We are determined to assist ordinary Nigerians during the current difficulties and this is one of the ways we are achieving this. We are also offering co...

Feb142020 by Joshua OlotuNo Comments

ECOBANK Provides Loan Facilities For Nigerian Agricultural Sector

Business

ECOBANK hosted their first Agricultural Business summit in Civic Towers, Victoria Island Lagos, themed "Unlocking Productivity and Investment opportunities across Nigeria's Agribusiness value chain". The Program was featured agribusiness experts including Mr Aliyu Abdulhamneed MD/CEO of NIRSAL, Dr. Emmanuel Itoya Ijewere Vice President, Nigeria Agribusiness Group NABG, Dr Andrew S. Nevine Chief Economist, African farmer Mogaji, CEO, Farm Credit limited, Ayodeji Balogun, Country Manager, AFEX Commodities Exchange Limited, Ade Adefeko, Vice President, Corporate and Government Relations OLAM Nigeria. The Minister of State for Agriculture, Baba Mustapha stated that the ministry will continue to give support and provide jobs within the Agricultural sector to enable collaboration and diversity...