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Ecobank to pay customers N5 for every dollar received 

Ecobank will pay N5 on every Dollar so beneficiaries will not only get the foreign currency sent from their family and friends abroad, they will also get extra Naira.

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Ecobank, Ayo Adepoju's appointment, Ecobank Transnational Inc. records 24% increase in Profit After Tax for Q4 2020.

Ecobank has implemented the CBN scheme which offers N5 for every Dollar received into domiciliary accounts or as cash over the counter.  Korede Demola-Adeniyi; Head, Consumer Banking, Ecobank Nigeria, who announced this in Lagos stated that the decision is in line with the CBN directive and fully aligns with efforts to encourage the inflow of diaspora remittances into the country. She noted that the “CBN Naira 4 dollar scheme” is an unprecedented incentive for senders and recipients of international money transfers.

Korede Demola-Adeniyi said that the scheme takes effect from 8th March and will run till 8th May, 2021. “Ecobank will pay N5 on every Dollar so beneficiaries will not only get the foreign currency sent from their family and friends abroad, they will also get extra Naira”, she stated.

Only recently, Ecobank had a first of its kind virtual Diaspora Summit to discuss opportunities for Nigerians living abroad and the various platforms available to assist them with their investment decisions and remittance needs. The event had major players in the remittance space, diaspora audience, government officials and notable stakeholders in attendance.

Further, the Managing Director, Ecobank Nigeria, Patrick Akinwuntan has disclosed that apart from consistent engagement with Nigerians in the diaspora, Ecobank is leveraging its digital technology to make remittances to Nigeria and Africa easy, convenient and affordable.

Mr. Akinwuntan stated that growing evidence has shown a positive relationship between diaspora remittances and economic growth. “Ecobank will continue to pursue its mandate of helping to enhance the economic development and integration of Africa, through the 33 countries where the bank operates on the continent. Ecobank’s Rapidtransfer and mobile app (Ecobank Mobile) enable Africans, wherever they are,  to easily and instantly send money to bank accounts, mobile wallets and agent locations across 33 African countries”, he stated.

Ecobank Nigeria, a member of the Pan African Banking Group is committed to supporting Africans in the diaspora by providing advisory services, remittance solutions, investment options and financial planning schemes. The bank also offers mortgages, treasury bills, capital market instruments, among others.

"NM Partners" represent articles published in partnerships with Corporate Organisations, Government and Non-Governmental Institutions, and other stakeholders seeking to publish content on Nairametrics. Content includes Press Releases, Targeted content, and other forms of corporate communications targeted at our readers. Some of these content are paid for.

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    The Grow With Eyowo Initiative is redefining the growth path for small businesses in Nigeria

    Selected entrepreneurs will also enjoy access to a state-of-the-art studio where they can shoot and edit promotional photos and videos for their businesses.

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    Eyowo has launched the Grow With Eyowo initiative offering entrepreneurs access to up to 5 million Naira in capital loans, along with industry-specific growth tips from seasoned experts, masterclasses, and a budget for online advertising and campaigns. Selected entrepreneurs will also enjoy access to a state-of-the-art studio where they can shoot and edit promotional photos and videos for their businesses.

    Announcing the news through their social media, Eyowo stated that this initiative rides on their commitment as partners of growth for SMEs, to support business owners on their entrepreneurial journey; to go at their ambitions, dreams, and aspirations and grow their businesses into successful enterprises.

    According to Seindemi Olobayo, Chief Executive Officer of Eyowo, initiatives such as this will potentially drive economic growth for our nation;

     “Aside from being the major employers of labour, MSMEs are the major stimuli for economic growth in every nation. This is why we have decided as a company to support entrepreneurs with capital, tools and the requisite knowledge that will help take their businesses to the next level”, he said.

    For interested businesses to stand a chance of being selected, they will be required to sign up on the Grow With Eyowo page.

    Though Eyowo joins a list of corporates and businesses who have expressed commitment to the continuously booming SME sector. However, Eyowo’s funnel of growth resources, masterclass, and the access to market it provides, make this initiative a complete solution for entrepreneurs and small business owners who are in dire need of an ecosystem to grow their businesses.

    What truly distinguishes the initiative from others is its ambitious Nigeria-focused vision of an economic transformation that results in the elevation of the individuals and businesses that journey through the Eyowo ecosystem and the emergence of a truly inclusive society for all.

    Eyowo promises that this is the first in a litany of life-changing initiatives they hope to deliver in the coming months.

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    Eyowo Integrated Payments Limited is a payment service provider founded in 2019 and headquartered in Lagos, Nigeria.  Eyowo is Africa’s growth platform for every human who desires access, independence, and connectedness in their finance and everyday life. With Eyowo, everyone who has a mobile phone in Nigeria can now send, spend, receive, save and borrow money.

    Learn more at www.eyowo.com

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    The man singlehandedly changing the aviation industry narrative

    Air Peace’s “Random Act of Love” campaign features the largest airline in West Africa randomly gift passengers amazing gift items.

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    Over the years, stories have been told of how success changes people. Well, this has not been the case of the Chairman/CEO of Air Peace airlines, Barr. Allen Onyema. At least, not in the books of those who don’t have anything personal against the man.

    The Nigerian born social activist and billionaire never cease to create an impression of a man who not only cares for his countrymen but one who is humble and down to earth. Despite his several successes and achievements as an entrepreneur and conflict resolution expert, he has maintained an aura of warmth and love that can easily be felt by all who come in contact with him.

    Barr. Allen Onyema is one man that has many Nigerians convinced of his love for his country. His passion for the development of the Nigerian youth and Nigeria as a whole is unphased. He remains one of the few men of his capacity to constantly echo the importance of youth empowerment programs across the nation. He rapidly becomes an inspiration to several Nigerian youths, following his popular story of how he chose to start from scratch, over a comfortable job in Shell.

    Speaking to the youth in Anambra state earlier this year, he mentioned that Air Peace was founded, solely out of his undying desire to create several employment opportunities for Nigerians. Amidst his obviously busy schedule, it is admirable to see the willingness and enthusiasm with which he speaks to the youths. In him, several young Nigerians have found a mentor and role model.

    It is heartwarming to recall the role he played during the xenophobic attacks against Nigerians in South Africa. On the 5th of September 2019, he directed the airline to evacuate as many Nigerians as possible from South Africa. The Boeing-777 successfully evacuated hundreds of victimized Nigerians from South Africa, all at the expense of this Nigerian patriot.

    During the just-concluded Easter celebration, he humbly joined a flight as a trainee cabin crew to thank customers for their continued support for Air Peace and promised that the airline would continue to do all it can to ensure every flight becomes a fond memory to their customers. Just so passengers wouldn’t be stranded, he had directed several international aircraft to fly local routes in a bid to satisfy its customers.

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    Air Peace’s “Random Act of Love” campaign also under the directive of Barr. Allen Onyema features the largest airline in West Africa @flyairpeace randomly gift passengers amazing gift items. Passenger won a couple of amazing prizes even as much as one-year free HMO. Truly this man deserves every accolade he has received and even more because time and again, he has proven that Nigerian businesses can be internationally recognized and be world-class standard. That’s an example a lot of business owners in Nigeria need to follow.

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    Follow @flyairpeace on all social media platform to learn the latest with Air Peace

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