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How Access Bank is addressing malaria eradication on the continent

Published

5 years ago

February 6, 2020

Eradication isn’t the first thing that comes to mind when one imagines an established brand like Access Bank. However, as the American philosopher Ralph Waldo Emerson made the connection between health and wealth centuries ago, a world-class financial institution in the mould of Access Bank can definitely appreciate the all-encompassing importance of a healthy population.

From the socio-economic to the political, every aspect of living is affected by good health – or the lack of it – and is for this reason that Access Bank under the leadership of Herbert Wigwe has risen to the challenge of eradicating malaria, a disease that mostly threatens the health conditions of sub-Saharan Africa.

According to the World Health Organisation, the African region carries an excessively high share of the global malaria burden. In 2018 alone, the region was home to 93% of malaria cases and 94% of malaria deaths. Nigeria is the most affected country on earth, contributing about 25% to the global malaria cases despite the fact that malaria, a disease caused by the plasmodium parasite is both preventable and curable. Children under five years of age are the most exposed age group. Other vulnerable categories of people include infants, pregnant women and people who are immune-compromised.

Total funding for malaria control and elimination reached an estimated US$ 2.7 billion in 2018, with contributions from governments of endemic countries amounting to US$ 900 million. Access Bank without a doubt has made a dent in these figures through its landmark partnership with the Private Sector Health Alliance of Nigeria. This unique collaboration, called the Malaria-to-Zero Initiative is an innovative financing platform that aims to galvanise private sector resources and capabilities for sustained support towards averting at least 1 million malaria cases and deaths. This programme has been an important first step towards complementing government’s effort in achieving its malaria pre-elimination goals.

Since inception, an estimated 273,000 people have been reached, many for the first time in rural communities of Nigeria, not just with testing and treatment, but with potentially life-saving information that has been put in place to prevent the occurrence of malaria. 357 community groups have been empowered and engaged with the technical capacity to roll out useful community interventions. Over 1 million people have been reached across the length and breadth of Nigeria with information, education, and communication materials. Social media has been a useful strategy and as such, over 6 million impressions have been made across several platforms.

Low hanging fruits will always remain easy to pluck but the Malaria-to-Zero Initiative has been just as interested in harder-to-reach communities with about 15 of these communities finally receiving intervention programmes for the first time.

Malaria in pregnancy has been one of the most important contributions to malaria morbidities and mortalities, so the Malaria-to-Zero Initiative has been tactical as well, following the evidence and the data to provide almost 5,000 women with long-lasting insecticide-treated nets (LLINs). A notable increase in demand for malaria commodities (40%) has been recorded since the intervention kicked off. The data generated from the programme has been instructive. If anything, it points to the effectiveness of structured impact-oriented approaches that can be monitored and evaluated through repeated focus group discussions. For example, so far, 90% of the recipients of the long-lasting insecticide-treated nets report that they have put them to appropriate use.

In 2018, GBC Health’s Corporate Alliance on Malaria in Africa alongside a consortium of partners including the Private Sector Malaria Prevention Project, PSMP at John Hopkins Center for Communication, UK Aid and the National Malaria Control Programme of the Ghana Health Services, conferred the ‘Innovation Award’ on Access Bank for the institution’s active role in combating malaria on the continent. Reacting to the honor, the Bank’s Head of Sustainability, Omobolanle Victor-Laniyan highlighted the importance of cross-sector collaborations in eradication efforts and expressed intentions of Access Bank to intensify its effort.

“The only way to end or at least reduce the prevalence of malaria is by organising and strategically leveraging on the resources, capabilities and the proven expertise of private sector organisations. This is what Access Bank has been championing with the Malaria-to-Zero initiative,” she said.

According to the latest World Malaria Report released in December 2019, there were 228 million cases of malaria in 2018 compared to 231 million cases reported in 2017. This represents a decrease in about 3 million cases. The estimated number of malaria deaths stood at 405, 000 in 2018, compared with 416, 000 deaths in 2017. It will be interesting to see what the numbers look like as Access Bank continues to champion intervention efforts. There is a template now and other institutions can plug into Access Bank’s lead.

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National Credit Guarantee Company Limited: Powering Inclusive Growth Through Risk-Sharing Guarantees

Published

5 days ago

June 13, 2025

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The National Credit Guarantee Company Limited (“NCGC” or the “Company”) is set to commence operations on 01 July 2025, as a specialised financial institution established to unlock access to credit and drive inclusive economic growth across Nigeria’s real economy. With an initial capital commitment of ₦100 billion, recently announced by President Bola Ahmed Tinubu, the NCGC is positioned to reshape how Micro, Small and Medium Enterprises (MSMEs), manufacturers, and strategic sectors access much-needed financing.

For decades, Nigerian businesses especially micro, small and medium scale enterprises have faced significant challenges accessing loans due to collateral barriers and high-risk perception. NCGC is bridging that gap. By providing partial credit coverage, the company will offer banks and other financial institutions a safety net, allowing them to lend more confidently to eligible borrowers, particularly in underserved and high-growth sectors.

NCGC does not lend directly to businesses. Instead, it partners with Participating Financial Institutions (PFIs) including commercial banks, microfinance banks, fintechs, CBN-licensed institutions and other development financial institutions to share lending risk and support broader financial inclusion. The model is simple but powerful: enable lenders to do more by reducing the risk that prevents them from reaching viable, underfunded borrowers.

Key Beneficiaries

NCGC’s framework targets a wide range of beneficiaries:

· MSMEs across all regions

· Local manufacturers and value chain operators

· Credit consumers

· Youth and women-led enterprises

· Export-oriented and non-interest-based businesses

· Large enterprises within priority sectors

Our Core Services

NCGC offers three primary services:

· Partial Credit Guarantees – Covering up to 60% of outstanding principal on qualifying loans.

· Co-Guarantees – Collaborating with other institutions to jointly share lending risk.

· Technical Assistance – Providing capacity-building support for lenders and borrowers to enhance credit readiness and portfolio quality.

Guiding Principles

The company’s operations are underpinned by globally accepted credit risk-sharing principles:

· Risk-sharing, not risk transfer

· Strategic issuance to preserve borrower discipline

· Tiered eligibility to promote inclusion and developmental impact

· Full alignment with CBN regulations

These principles ensure every guarantee issued is responsible, irrevocable, and impact-driven.

Product Suite

NCGC offers a diverse set of guarantee products:

· Individual Guarantees – For high-value, project-specific loans.

· Portfolio Guarantees – For pool of loans in homogeneous sectors (e.g., agro-processing, creative economy).

· Performance Bond Guarantees – For businesses seeking to meet contract-based obligations.

Sectoral Coverage

Our guarantees are available across critical sectors including:

· Agriculture & Agribusiness – From inputs to processing and logistics.

· Renewable Energy & Green Economy – Including solar, clean tech, and mini-grids.

· Manufacturing & Infrastructure – Targeting value-added production and light industry.

· Digital & Tech Enterprises – Including startups, fintechs, SaaS, and logistics tech.

· Solid Minerals and Metal – Metal fabrication, recycling, beneficiation, coating, etc.

· Textile – Fashion, leather works, jewelry

· Export-Oriented SMEs – Especially in non-oil sectors.

· Women & Youth Enterprises – Including all women-owned businesses (promoter age not more than age 65).

· Islamic Enterprises (coming soon) – Non-interest, Shariah-compliant financing models.

A New Era of Credit Confidence

NCGC is more than just a financial institution; it is a catalyst for Nigeria’s economic transformation. By incentivizing lenders to serve more businesses safely and sustainably, NCGC is enabling job creation, driving productivity, and fostering a more self-reliant economy.

Its operational model is built to:

· Unlock access to finance for real sector growth

· Create jobs and alleviate poverty

· Drive inclusive economic outcomes

· Strengthen the MSME ecosystem

· Build trust and scale in Nigeria’s credit markets

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Ecobank Adire Lagos Exhibition Fair Opens in Grand Style … Dignitaries Grace the Venue

Published

2 weeks ago

June 7, 2025

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Left: Founder, Chief Responsibility Officer, Ruff ‘n’ Tumble/ Founder, Betti-O School of Fashion, Adenike Ogunlesi; Managing Director/Regional Executive, Ecobank Nigeria, Bolaji Lawal and Lagos State First Lady, Her Excellency, Dr. Ibijoke Sanwo-Olu at the ongoing Adire Lagos Exhibition Fair holding at Ecobank Pan African Centre, Lagos

Ecobank Nigeria has officially launched the much-anticipated fourth edition of its Adire Lagos Exhibition Fair, a vibrant cultural and commercial event dedicated to promoting Nigeria’s indigenous fashion industry and supporting Small and Medium Enterprises (SMEs). The four-day fair runs from June 5 to 8, 2025, at the Ecobank Pan African Centre, 270B1 Ozumba Mbadiwe Avenue, Victoria Island, Lagos. Visitors are welcomed daily from 10:00 AM.

Over 130 vendors are showcasing a diverse range of Adire designs, fashion items, and lifestyle products. The fair attracts a wide audience, including fashion enthusiasts, cultural professionals, creatives, entrepreneurs, and shoppers from across Nigeria and beyond.

Notable dignitaries who have so far graced the fair include the Lagos State Commissioner for Tourism, Arts and Culture, Mrs. Toke Benson-Awoyinka, who represented the Lagos State Governor, Babajide Sanwo-Olu; Lagos State First Lady, Her Excellency Dr. Ibijoke Sanwo-Olu; the wife of the former Ekiti State Governor,Erelu Bisi Fayemi ; Ogun State Commissioner for Women Affairs and Social Development, Mrs. Adijat Motunrayo Adeleye-Oladapo; former Chairman of Ecobank Transnational Incorporated, Emmanuel Ikazoboh; founding President of the FinTech Association of Nigeria (FANI), Dr. Segun Aina; and the owner of Nike Art Gallery, Nike Davies-Okundaye, among others.

Omoboye Odu, Head of Small and Medium Enterprises at Ecobank Nigeria, expressed delight at the strong turnout, stating, “This year’s exhibition promises a dynamic blend of established brands and emerging designers who embody innovation, cultural pride, and export potential.” She further emphasized the fair’s role as a major Corporate Social Responsibility (CSR) initiative by Ecobank.

“The Adire Lagos Exhibition Fair is a key CSR initiative, offering SMEs a platform to showcase their products free of charge while fostering economic growth and national unity. Last year’s event attracted over 20,000 visitors in four days, with one vendor making N30 million in sales—equivalent to six months’ revenue—demonstrating the fair’s strong commercial potential.”

Exhibitors also praised the growing appeal of Adire designs. Ms. Fadilat Lawal, Managing Director of Sanyaolu Trading Stores, Abeokuta, highlighted the durability and cultural symbolism of Abeokuta Adire. Ms. Cynthia Uma, Creative Director of Cecesignature Unisex Clothing, Lagos, emphasized Adire’s growing global recognition as a revenue driver for her business.

The Adire Lagos Exhibition Fair continues to serve as a premier platform for celebrating Nigeria’s cultural heritage while empowering local artisans and entrepreneurs to thrive.

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3.214 billion shares : Continuation From Print Nigerian stock market sees significant dip in transactions

Published

2 weeks ago

June 6, 2025

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Stock market investors traded 3.214 billion shares worth N76.348 billion in 64,156 transactions on the floor of the Exchange during the week.

This is compared to 3.794 billion shares valued at N119.394 billion that exchanged hands last week in 89,636 deals.

Consequently, the value of transactions traded by investors on the Exchange dropped by 56.4 per cent.

Meanwhile, market opened for four trading days during the week as the Federal Government declared Friday, June 6 and Monday, June 9, as public holidays to commemorate 2025 Eid-el-Kabir celebration.

The Financial Services led the activity chart with 2.313 billion shares valued at N52.241 billion traded in 27,326 deals.

This contributed 71.96 per cent and 68.43 per cent to the total equity turnover volume and value respectively.

The ICT industry followed with 301.996 million shares worth N5.026 billion in 4,137 deals.

The third place was the Consumer Goods Industry, with a turnover of 144.538 million shares worth N5.632 billion in 8,093 deals.

Trading in the top three equities namely Fidelity Bank Plc, Legend Internet Plc and Guaranty Trust Holding Company Plc accounted for 1.545 billion shares worth N34.446 billion in 4,939 deals.

This contributed 48.06 per cent and 45.12 per cent to the total equity turnover volume and value respectively.

The NGX All-Share Index and Market Capitalisation appreciated by 2.57 per cent to close the week at 114,616.75 and N72.275 trillion respectively.

Similarly, all other indices finished higher with the exception of NGX ASeM Index which closed flat.

Fifty-three equities appreciated in price during the week, lower than 56 equities in the previous week.

Forty-three equities depreciated in price, lower than 44 in the previous week, while 52 equities remained unchanged, higher than 48 recorded in the previous week.

The top five decliners for the week are: Associated Bus Company, Julius Berger, Legend Internet, Livestock Feeds and E-Tranzact International as they lost 55k, N18.50, 82k, N1.15 and 80k respectively.

Oando Plc, Lasaco Assurance Plc, Multiverse Mining, Cornerstone Insurance and First Holdco were the top five gainers for the week, as they grew in 25.77 per cent, 21.62 per cent, 20.39 per cent, 19.51 per cent and 17.60 per cent respectively.

The companies gained N11.65, 56k, N1.55, 64k and N4.40 respectively.

The May 2025 Issue of the Federal Government of Nigeria,Savings Bonds were listed on the Nigerian Exchange Ltd on Thursday

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