Africa Re Wins NAIPCO Award

  L-R: Alhaji Abdul Munaf Yunusa, Chairman of Azman Air;...

Ecobank Nigeria has donated food items to several state governments across the country as contribution to various initiatives aimed at cushioning the effect of the current lockdown on citizens. 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 possibleShe 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 concessions to our SME Lending customers at this time given the strain on their cashflows and creating ease for the general public to transact digitally while at home”. Ecobank Group has so far contributed over US$3 million to the fight against COVID-19 across its footprint in Africa in line with the Bank’s commitment to the Region. The Institution is supporting governments, the World Health Organisation (WHO) and partnering with private sector operators to alleviate the effect of the pandemic on citizens. These have been in the form of cash, healthcare equipment, donation of supplies, awareness campaigns while also using digital platform to provide funds to beneficiaries of various funds being distributed. The Bank is particularly mindful of the needs of its communities and remains committed to providing the appropriate support required.    

Stanbic IBTC Bank, one of Nigeria’s leading financial institutions,...

In Pages 109, 110 and 111, IFC further gave a deft analysis of the consequences of Liquidation, some of which include: (i) Less likelihood of strong national carrier from “survival of the fittest local strategy; (ii) Disorderly development of air transport market: increases of financial cost from collapse of several domestic carrier; (iii) Great likelihood of worsening safety records in Nigeria; (iv) Increased reliance on foreign carriers, among others. (v) Nigeria would most unlikely not develop into a regional hub.

The World Health Organisation (WHO) reports that the highest...

The Nigerian Communications Commission (NCC), at the opening of...

The Middle East and Africa (MEA) PC market experienced...

Nigerian Exchange Group Plc (NGX Group), in collaboration with...