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Tag: EcoBank

  • Ecobank Unveils Back-to-School Packages for Customers

    Ecobank Unveils Back-to-School Packages for Customers

    Ecobank Nigeria is offering special loan packages for parents and guardians to enable them pay school fees for their children and wards ahead of resumption for the 2023/2024 session, while making special infrastructure loans available to educational institutions.

    This, according to the bank, will equip them adequately for the new session. The bank also said it has optimised its digital platforms to make them convenient for school fees and other education-related payments.

    Announcing the various ‘back to school’ initiatives of the bank in Lagos, Head, Consumer Banking, Korede Demola-Adeniyi, said it is in line with the bank’s overall strategy to support the development of the nation’s education sector, adding that Ecobank’s digital offerings are targeted at reducing the financial burden on parents, students and schools, and also facilitating the ease of payment of fees without hassles.

    She listed the digital offerings to include Ecobank Mobile App, EcobankPay and Ecobank Online for contactless fees payment; personal loans and salary advance packages at competitive interest rates, international transfers for offshore school fees payment and affordable remittance offerings. She also noted that families abroad who wish to send money home to help with fees can do so at zero charges on the Rapidtransfer app.

    The bank has also provided the Banking-for-School pack for educational institutions to access working capital and loans. The features of this pack include easy fee collections, zero charges on collection accounts with EcobankPay, secure online banking with Omni Lite and cards for easy payments.

    “As a bank that is passionate about education, we are prioritizing the pedagogical needs of our customers at this period when schools resume. Children deserve to go to school and we are making it easy for parents to provide them this basic right,” she added.

    Demola-Adeniyi urged schools to appoint the bank as their preferred financial institution for payments and collections, noting that Ecobank has demonstrated pedigree and expertise in fees collection, locally and internationally. She encouraged schools and individuals that are yet to open Ecobank accounts to do so in order to access the offers available.

     

  • Ecobank Partners Nigeria Chess Federation to Host 2024 National Schools’ Team Chess Competition

    Ecobank Partners Nigeria Chess Federation to Host 2024 National Schools’ Team Chess Competition

    Ecobank Nigeria Limited, a subsidiary of the Ecobank Group, has entered a strategic partnership with Nigeria Chess Federation (NCF) to host the 2024 National Schools’ Team Chess Competition. The competition is scheduled to hold between May 24 and May 28, 2024 at the Ecobank Pan African Centre (EPAC) in Victoria Lagos.

    It is open to students from primary, Secondary and Tertiary education level with prizes of over N10 million to be won. Representatives of the Ministry of Education, Sports and Youth Development, parents, teachers, embassies and several others are expected at the event. Registration and participation are free, and School’s team can register by sending an email to: nationalschoolsteamchess@gmail.com. Managing Director and Regional Executive, Ecobank Nigeria, Bolaji Lawal, said the decision of the bank to sponsor the Chess competition was to further showcase Ecobank’s commitment to supporting intellectual and sports development in Nigeria, being part of Ecobank’s strategic human capital development drive.

    Children and youth empowerment is part of our shared objective as the pan-African Bank. It aligns with our overall long-term vision of building a world class Pan African bank that contributes to the economic and financial integration of the continent. We are also using the opportunity of this competition to introduce and empower them with convenient, affordable, and accessible digital financial services they can access anytime and anywhere they are.  Arrangements are in place to make the competition exciting and fulfilling for both the children and undergraduate students”. He stated.

    Vice President, Nigeria Chess Federation, Prince Adeyinka Adewole said Chess, the game of Kings and Queens, has proven to be more than just a pastime, stating that it is an educational tool that enhances critical thinking, concentration, and problem-solving skills. While commending Ecobank for being a good ‘corporate citizen’ for sponsoring the competition, he noted that the competition will promote and showcase the skill and talent of chess players from Nigerian schools, while promoting teamwork, fostering a spirit of sportsmanship among participants, and providing networking opportunities to players.

    He enjoined all the institutions to take advantage of this opportunity to participate in the prestigious event, adding that participation will undoubtedly contribute to the championship’s success and provide an enriching experience for the participating students.

    Ecobank has embarked on several initiatives to develop youths in the country. The bank, through its collaboration with the International Institute of Tropical Agriculture (IITA), is currently providing training and support services on Agribusiness which includes aquaculture, horticulture, poultry, and value addition to 16,000 youths in Nigeria. Also,

    Ecobank recently partnered with Learntor to provide capacity building for youths through Agile, Scrum, Data Analytics, Business Analysis, Cyber Security, and Scrum Master Certifications. The bank has also refurbished and donated learning equipment, provided digital training for students and promoted financial literacy in several schools across the country.

     

  • Ecobank MySME Growth Series: Al Holds Key To Business Development, Erhabor Declares

    Ecobank MySME Growth Series: Al Holds Key To Business Development, Erhabor Declares

    Small and Medium Enterprises (SMEs) in the country have been advised to embrace Artificial Intelligence (AI) technology to grow their businesses. Founder of AI Nigeria, Ehia Erhabor, who stated this in his presentation titled: Using AI For Business Innovation at the Ecobank MySME Growth Series Webinar, maintained that AI remains a game changer particularly for micro, small and medium businesses.

    He pointed out that AI is rapidly transforming industries by automating processes, enhancing analytics and enabling personalized customer experience, stressing that the future of AI is its democratization where companies of all sizes including SMEs can harness its power to drive innovation and gain competitive edge.

    Specifically, Erhabor said: “AI technology holds the key to the future. It is quite pervasive. It is part of our existence and will impact businesses the way we can ever imagine. It can help SMEs develop new products and services by analysing data and identifying customers’ needs. AI can also be used to automate repetitive tasks, streamline workflows, and improve efficiency by reducing operational costs.”

    He listed the challenges and risks of AI as bias, explainability, privacy, transparency and misuse, debunking claims in some quarters that AI will lead to the end of the world but rather a tool for development.

    Also speaking, a former Chief Operating Officer of Flutterwave, Bode Abifari, said AI technology holds the key to the future, explaining that it simulates human intelligence to perform complex tasks like research, decision making, pattern recognition and problem solving.

    She submitted that AI was capable of improving customers’ experience and engagements for the SMEs, adding that the technology can personalize interactions, provide personalized recommendations and enhance customer service leading to increased customer satisfaction and loyalty for small businesses.

    Ecobank MySME Growth Series which started in February this year is designed to empower SME operators across the country. It is part of the bank’s commitment to train over 1 million SME operators in various sectors of the economy in 2024.

    The training will provide resources for starting a business, registration processes, industry statistics, and essential considerations for running a business. The series cover key areas such as accounting, credit, sales & marketing, taxation, and inventory management.

    Additionally, articles on important topics like increasing sales, advertising ideas, business management practices, case studies, and leveraging technology will be provided.

    Ecobank also plans to launch an SME Mentorship programme to collaborate with successful entrepreneurs. Taken together, the MySME Growth Series reflects Ecobank’s dedication to fostering growth and success within the SMEs community.