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Ecobank Celebrates MSME Week; Propose Cutting Edge Solutions

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Fitch Affirms Ecobank Nigeria At ‘B-‘; Outlook Stable

The Managing Director, Ecobank Nigeria, Patrick Akinwuntan has restated the Bank’s unwavering commitment to supporting and sustaining the development of Micro, Small and Medium Enterprises (MSMEs) in all sectors of the economy. 

In his message to the celebration of this year MSME week, Akinwuntan said he was impressed with the attention being extended to the subsector by both government and private sectors, stressing that devoting one week to celebrating the sector would further generate participation, discourse, and attention to the role of the small businesses in the economy.

He assured that Ecobank will continue to introduce cutting edge solutions to maintain its industry leadership role by supporting the subsector to contribute more to the growth of the nation’s economy.

The Country Head, SME, Ecobank Nigeria Limited, Mr Emeka Agada, submitted that the bank remains the financial institution of choice by the MSMEs in the country.

According to him, Ecobank recognises that one of the key drivers of employment creation, poverty alleviation and economic growth and development is the timely extension of credit to businesses, stressing that the bank is a big player in financial intermediation in the subsector.

He explained that the bank had recently organized webinars on the need to support the subsector with capital, including examination of key issues and ways of achieving their objectives through digital financial inclusion, adding that the bank also engaged various multilateral agencies and trade groups such as the Nigerian Association of Small & Medium Enterprises (NASME) and the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN)  with a view to detailing various lending options, harnessing and exploring the various Central Bank of Nigeria (CBN) intervention schemes as well as other funding and business opportunities provided by the Bank.

“Ecobank is a major player in the SME space. We have won several awards in this regard; which is why Ecobank is commonly referred to as the SME friendly bank. We will continue to partner with CBN and other funding partners to play the important role of promoting economic growth and development through the process of financial intermediation in the subsector under any circumstance” he said.

Agada listed business loans offered by Ecobank to SMEs as merchant advance for businesses using digital collection channels, inventory finance for key distributors, shop owner’s facility for traders, purchase order and invoice discounting, asset finance and agriculture finance. Further, he said the bank’s digital platforms such as Ecobank Mobile, *326#, OmniLite, OmniPlus, EcobankPay,  and POS enable MSMEs to receive collections and payments seamlessly.

Ecobank Nigeria Ltd. is a subsidiary of the Ecobank Group, the leading pan-African banking group with operations in 33 African countries and an international presence in four locations (London, Paris, Beijing and Dubai). 

Ecobank Nigeria is a full-service bank providing wholesale, retail, investment and transaction banking services and products to governments, financial institutions, multinationals, international organizations, medium, small and micro businesses and individuals. Ecobank is a major player in the distribution of financial services in Nigeria, leveraging digital platforms and an extensive  network of over 250 branches and more than 30, 000 agency banking locations (Xpress Points)

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Fidelity Bank Announces 2nd Edition Of Fidelity International Trade And Creative Connect (FITCC)

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Fidelity Bank Records Stellar Performance in FY 2022

…takes trade expo to Houston, Texas, USA in October 2023

By Moninuola Sulaiman

Building on the resounding success of the maiden edition of the Fidelity International Trade and Creative Connect (FITCC) in London, UK last November, leading financial institution, Fidelity Bank Plc, has announced plans to host the second edition of the trade expo in Houston, Texas in the United States of America.

 

Tagged FITCC Houston, the event would hold on Wednesday, 18th, and Thursday, 19th October 2023 at the George R. Brown Convention Center, 1001 Avenida de las Americas, Houston, Texas 77010.

 

Situating the critical role FITCC plays in the bank’s export trade strategy, the Managing Director/Chief Executive Officer, Fidelity Bank Plc, Nneka Onyeali-Ikpe stated that, “Fidelity Bank is very much invested in supporting export trade and has consistently demonstrated this by the interventions and innovations that we bring to the space. Beyond the instrument of financing, some of our key interventions in the space revolve around business management capacity development with initiatives like the Export Management Programme (EMP) which we host in partnership with the Lagos Business School and the Nigerian Export Promotion Council (NEPC) and market access development initiatives like FITCC.”

 

To promote Nigeria’s non-oil exports and facilitate integrations to global supply-chain networks, FITCC Houston will host leading businesses, entrepreneurs, investors, and regulators operating in the commodity, service, creative, fashion, and FinTech sectors in Nigeria and the United States. The participants would explore partnership, co-creation, and foreign direct investment opportunities.

 

Participating businesses will benefit from curated market access engagements, investment and partnership opportunities, extended brand exposure before a global audience as well as speaking and networking opportunities amongst a long list of benefits in FITCC Houston.

 

Interested businesses and participants are encouraged to register for the conference at www.fidelitybank.ng/fitcc.

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Stanbic IBTC Bank Updates Its Woman-Owned Account To include Male Signatory

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assured them of the firm’s unwavering commitment to providing the best custodial services

Rashidat Okunlade Writes

Stanbic IBTC Bank PLC, a subsidiary of Stanbic IBTC Holdings PLC and a leading financial institution in Nigeria, is thrilled to announce that its woman-owned business account, Blue Blossom account, can now be opened by female business owners who have male signatories.

This initiative is intended to foster gender equality while bolstering women’s financial empowerment and inclusion.

The Blue Blossom business account caters to the needs of women entrepreneurs and business owners throughout Nigeria. It offers them a remarkable opportunity to open and manage a business account with the added convenience of a designated male signatory. By implementing this unique feature, Stanbic IBTC Bank is taking bold steps to bridge the gender gap and promote equal representation in the business landscape.

The woman-owned account brings an array of exceptional benefits to its holders. One of its standout features is a zero-maintenance fee, providing cost-effective solutions that empower women to nurture their businesses efficiently. The account also includes complimentary online banking services, allowing holders to manage their finances and conduct transactions anytime, anywhere, conveniently.

Recognizing the crucial role of support networks in fostering women-owned businesses, Stanbic IBTC Bank has formed strategic partnerships with various esteemed business development agencies and organizations. Through these alliances, the bank aims to provide women entrepreneurs with valuable resources, mentorship programs, and networking opportunities, propelling their enterprises toward tremendous success.

“We are thrilled to unveil an account that enables women entrepreneurs to take charge of their finances and drive the growth of their businesses,” expressed Olajumoke Bello, Head, Enterprise Banking, at Stanbic IBTC Bank.

According to Olajumoke, “Stanbic IBTC remains resolute in its commitment to promoting financial inclusion and gender equality. The woman-owned account epitomizes our dedication to these values and shows our relentless support for women entrepreneurs.”

By introducing the woman-owned account, Stanbic IBTC Bank reaffirms its ongoing efforts to support women-owned businesses, foster gender equality, and stimulate economic growth across Nigeria. As a frontrunner in the financial sector, the bank is steadfast in its mission to deliver tailored financial solutions that address the unique challenges and aspirations of women entrepreneurs and business owners, ultimately empowering them to realize their full potential and achieve their business goals.

In a rapidly evolving world where inclusivity and equal opportunities are paramount, Stanbic IBTC Bank remains at the forefront, pioneering initiatives that break barriers and create a level playing field for women in business. The woman-owned account is just one of the bank’s innovative initiatives, embodying their unwavering commitment to shaping a future where women entrepreneurs can thrive and contribute significantly to the Nigerian economy.

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NUBIFIE Picketing: Polaris Bank Restates Commitment To Staff Welfare

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Polaris Bank Commences Phase IV Breast Cancer Screening Exercise For Staff, Customers

By Moninuola Sulaiman

Polaris Bank has clarified that she did not violate any law in a recent disengagement of some staff which it said was done in line with the terms of the contract guiding their engagements

The Bank was reacting to a report of the picketing of its headquarters by NUBIFIE this morning by a section of the media.

The Bank disclosed that it has engaged and will continue to engage the union to resolve any lingering labour matters.

The Bank emphasized that a cordial relationship has existed between her and the union over the years and believes that concerns raised by either party can be effectively addressed through dialogue.

Polaris Bank remains committed to fostering a harmonious working relationship and ensuring the well-being of its employees.

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