Hope Moses-Ashike, Author at Businessday NG

Interbank rate hits 5yr-high as CBN tightens liquidity

Hope Moses-Ashike Mar 28, 2025

Nigeria’s interbank lending rate surged to a five-year high of 28.58 percent in January 2025, reflecting the Central Bank of...

Ecobank Adire Lagos experience strengthens SME market access Hope Moses-Ashike Ecobank Nigeria has reaffirmed its commitment to supporting small and medium enterprises (SMEs) by providing a platform that connects entrepreneurs with customers, business partners and new markets through the fifth edition of the Ecobank Adire Lagos Experience. The four-day fair, which held recently at the Ecobank Pan African Centre (EPAC) in Lagos, attracted more than 30,000 visitors, shoppers, exhibitors, industry stakeholders and cultural enthusiasts, underscoring its growing role in promoting indigenous businesses and African craftsmanship. Hundreds of exhibitors showcased a wide range of products, including Adire fabrics, fashion accessories, footwear, leather products, arts and crafts, beauty products and other locally made goods. The event created opportunities for entrepreneurs to engage directly with customers, access new markets, establish business partnerships and expand their professional networks. This year’s edition also drew a distinguished audience, including former President Olusegun Obasanjo, Nobel Laureate Wole Soyinka, Lagos State First Lady Ibijoke Sanwo-Olu, captains of industry, senior banking executives, traditional rulers and their spouses, government officials, members of the diplomatic corps, development partners and other notable personalities. Exhibitors commended Ecobank Nigeria for creating a platform that enabled them to showcase their products, boost sales, interact directly with customers and generate valuable business leads. Visitors and shoppers also praised the bank for sustaining the initiative over the years, noting that it has evolved into a major platform for promoting local enterprise, creativity, cultural tourism and African craftsmanship. Bolaji Lawal, managing director and regional executive of Ecobank Nigeria, thanked exhibitors, partners, customers, government agencies, members of the diplomatic community, the media and thousands of visitors for contributing to the success of the event. According to him, the outcome of this year’s edition reinforces Ecobank’s commitment to supporting SMEs, promoting local industries and creating sustainable opportunities for businesses to grow. “We are delighted with the tremendous turnout and positive impact recorded during this year’s Ecobank Adire Lagos Experience. We sincerely appreciate all our exhibitors, partners, customers, guests, and visitors who contributed to making the event a remarkable success,” Lawal said. “Their continued support inspires us to create platforms that empower entrepreneurs, preserve our cultural heritage, promote intra-African trade and stimulate economic growth.” Since its inception, the Ecobank Adire Lagos Experience has grown into one of Nigeria’s leading cultural and business exhibitions, providing entrepreneurs with a marketplace to showcase their products while celebrating the heritage, creativity and global appeal of Adire and other indigenous African products.

Ecobank, AFC, Soto Gallery boost art industry’s economic impact

Hope Moses-Ashike Mar 28, 2025

Soto Gallery, in partnership with Ecobank Nigeria and Africa Finance Corporation (AFC), has strengthened the art industry’s economic impact through...

AltBank charts digital pathway for Nigerian youths

The Alternative Bank expands non-interest banking solutions to Aba

Hope Moses-Ashike Mar 27, 2025

In a move set to reshape the financial landscape of the Southeast, The Alternative Bank has unveiled its newest branch...

Trust income could now be taxed up to 25%

Naira gains in black market as demand moves to NFEM

Hope Moses-Ashike Mar 26, 2025

The naira appreciated in the black market on Wednesday but depreciated in the official market as demand for dollars moved...

DMO crosses N1trn Sukuk bond issuance as demand swells

Hope Moses-Ashike Mar 26, 2025

…Plans N300bn for series 7 Nigeria’s Debt Management Office (DMO) has hit a major milestone, surpassing N1 trillion in sovereign...

What rising Middle-East tensions mean for naira

Money supply hits 3-month low on liquidity squeeze

Hope Moses-Ashike Mar 26, 2025

…Credit to government rises by 8% as private sector’s declines Money supply (M3), a broad measure of the total amount...

CBN revokes licenses of 46 Microfinance banks

How CBN policy is stabilising naira, boosting FX reserves

Hope Moses-Ashike Mar 25, 2025

The Central Bank of Nigeria (CBN) has continued to take major steps to keep the naira stable in line with...

Obiano’s wife rallies support for women

Hope Moses-Ashike Mar 25, 2025

Ebelechukwu Obiano, former First Lady of Anambra State, has called on corporate organisations, policymakers, and individuals to support HERbernation and...

Baobab+ rebrands to Izili to tackle Africa’s energy access crisis

Baobab plans more fund injection after disbursing N500bn to customers

Hope Moses-Ashike Mar 25, 2025

Baobab Nigeria is set to inject more funds into its operations after disbursing nearly N500 billion in loans to micro,...

State Debt Pressure Mounts: Average debt per capita rises to ₦41,766 with Lagos and Edo exceeding ₦100,000

Debt binge pushes repayment to 4-year high

Hope Moses-Ashike Mar 25, 2025

Nigeria’s debt payment rose to a four-year high of $4.65 billion at the end of 2024, reflecting the federal government’s...

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Hope Moses-Ashike

Interbank rate hits 5yr-high as CBN tightens liquidity

Ecobank, AFC, Soto Gallery boost art industry’s economic impact

The Alternative Bank expands non-interest banking solutions to Aba

Naira gains in black market as demand moves to NFEM

DMO crosses N1trn Sukuk bond issuance as demand swells

Money supply hits 3-month low on liquidity squeeze

How CBN policy is stabilising naira, boosting FX reserves

Obiano’s wife rallies support for women

Baobab plans more fund injection after disbursing N500bn to customers

Debt binge pushes repayment to 4-year high

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