Ecobank Nigeria has launched Smart Small And Medium Enterprise (SME) Agency Banking campaign targeted at empowering 100,000 entrepreneurs under the Ecobank SME and Agency Banking proposition.

Emeka Agada, Head of SME, Ecobank Nigeria, said the initiative was introduced in line with the bank’s commitment to support the Federal Government and Central Bank Of Nigeria vision for financial inclusion across the country.

Aside improving financial inclusion, this campaign also aims to create self-employment for new entrepreneurs and help diversify income streams of existing small businesses across Nigeria. He reiterated that Ecobank has made it easy for entrepreneurs and small businesses to become the Bank’s Agents under this initiative.

“This laudable initiative is to empower small businesses and create new entrepreneurs. It is open to every honest and enterprising adult capable of using smart phones and/ or Point of Sale (PoS) Machines  as well as every small and medium enterprise subject to their meeting the terms and conditions as set out for Agents. Why not join the Ecobank Smart SME Agent network today and become a mobile financial services provider?“ he stated.

Mr Agada explained further that an Xpresspoint agent could perform basic banking services such as account opening, deposit collection for Ecobank, interbank transfers to other banks, card and card-less withdrawals, bill payment, airtime top-up, remittance services amongst others. He said Agents will earn money through-fees and commission on all successful transactions done through the agency. Ecobank will also train the agents and provide branding materials for free.

In her comment, Mrs. Nike Kolawole, Head Ecobank Agency Network lauded the Initiative and added that the Ecobank Agency proposition remains the best in the industry today. She encouraged small businesses to partner with the bank to drive financial inclusion and employment.

On a general note, Mrs. Kolawole emphasized that “banking has greatly evolved and has become closer to the people. With the introduction of Agency banking, no one needs to visit a bank branch to carry out a transaction. With your phone, you can perform your own transaction or perform transactions for other people on behalf of the bank and earn commissions. I encourage the youth and owners of small businesses (men and women) to use this initiative to expand their revenue streams while offering this value-added service to customers”.

Quality education is one of the pillars required to build a secure future for our children and wards. Despite it being the primary responsibility of parents and guardians to provide sound education for their children and wards, inadequate finance sometimes presents a challenge to its achievement.

With the Stanbic IBTC “Education Trust” (SET) scheme, a product of Stanbic IBTC Trustees Limited, the story is different. SET is a convenient and flexible investment plan with long term benefits, designed to support parents and guardians as you strive to provide quality education for your children and wards.

The future may hold uncertainties but SET covers up for unforeseen events by helping to prepare for difficult times so that the education of your children and wards is not negatively impacted.

Your funds are invested in conservative instruments, and the Education Trust is created professionally and administered by a Corporate Trustee. This offers a chance for your children and wards to enjoy access to quality education, regardless of any adverse circumstance. Payment of school fees is guaranteed as the Trustee pays directly to the school(s) thereby helping to avoid any diversion of the funds.

You can also nominate SET as a Beneficiary for your insurance policies to cushion the effect of permanent disability or other eventualities on your children or wards.

Parents and guardians attest to the benefits of proper planning and investing in Education Trusts like SET with the primary objective of ensuring that the education of their children and wards continues to the desired level. You can also take that wise step today and SET up your children and wards for a secure future.

For details on how to open a Stanbic IBTC Education Trust for your children or wards, please send an email to [email protected] or visit our website www.stanbicibtctrustees.com for more information.

Follow us on social media @stanbicibtc to learn more about the solutions we have to support your financial growth.

Stanbic IBTC Bank PLC has launched a reactivation campaign aimed at welcoming all its customers with dormant accounts “back home” to relish the best financial solutions.

To enjoy several benefits, customers will have to reactivate their inactive and dormant accounts with the Bank and enjoy improved services and digitised channels.

The incentives include zero charges on local transfers for one month, free debit card for Sole trader account holders and remote access to your account always.

Reactivating a dormant Stanbic IBTC account is easy and convenient. Customers can recover an inactive account with their mobile phone using the Bank’s newly upgraded Super App by initiating a transaction or visit www.stanbicibtcbank.com and click on “Reactivate” then follow the prompts.

Thereafter, customers can begin to enjoy improved capabilities while transacting.

The dormant account reactivation requires zero minimum balance.

This campaign is another demonstration of the Bank’s unwavering dedication to serving its esteemed customers better, especially, during this period when a contracting economy would negatively impact a sizeable number of Nigerians.