E-Financial
Diamond Bank Carries Financial Awareness Message to Secondary Schools
Diamond Bank Plc has carried the message of financial awareness and planning to the classrooms of Secondary Schools. This time it was Henry Alex-Duduyemi Memorial College (HAMEC), Ile-Ife, Osun State.
The initiative is part of activities to commemorate the Global Money Week and boost financial literacy among the youth. According to the Bank, the awareness campaign is in-line with the policy of the Central Bank of Nigeria aimed at sharpening financial understanding and teaching the students how to get increased value for their money through savings and investment.
The Financial Literacy Day is aimed at increasing access to finance, propagating knowledge in fiscal management and bringing the unbanked to the banking system.
Addressing the students, the bank officials said the awareness campaign was informed by Diamond Bank’s commitment to building capacity among the youths and making them to appreciate the value of building financial capacity through savings, investment and reinvestment.
Standing in for Uzoma Dozie, Diamond Bank CEO; Akinleye Ogunleye, Regional Manager, Ibadan Region, told the young students that effective management of their finances in adult life begins now, noting that the lessons were designed to instill financial awareness in them so they can manage money wisely when they become adults who will be responsible for the country’s economic activities.
He spoke on the following topics: How to Grow Money, Differences between Financial Institutions and Non-Financial Institutions, Different Types of Investment and The Benefits of Having a Saving Culture.
In his address, Oluseye Thomas, Business Manager, Osogbo Branch, said that students who imbibe financial training make better monetary decisions compared to those who do not have such knowledge, stating that those who have better financial knowledge live better lives than those who don’t.
“There are many students that do not understand how to make their money grow because they have not been taught how to make wise financial decisions in their younger years.” He consequently encouraged parents to open accounts for their children from their infant years and allow them manage the accounts when they become teenagers.
Mrs Deborah Akinpelu, Principal of the school, while thanking Diamond Bank noted that the enthusiasm of the students has validated the fact that training future leaders require collective efforts and discipline.
She said: “We believe that the learning garnered during this visit will go a long way in preparing the students for the future. The Bank officials have been able to interact successfully with the students and this shows that moulding tomorrow’s leaders is a collective endeavour and that even bankers can make good teachers.”
Speaking on behalf of the students, Oluwaseun Omotoso, Head boy of the School, said that the lessons have broadened their horizon and hoped to continue to spread the message of how to invest their money so it doesn’t lose value due to inflation.
Kuda Microfinance Bank has unveiled the 2025 edition of “My Year on Kuda,” its annual recap providing customers with personalised insights into their spending, saving, and money management habits from the previous year.
Kuda Microfinance Bank
The tool analyses transaction data across categories like transfers, card payments, online purchases, and bills, revealing patterns such as highest-spending months, biggest payments, saving frequency, and savings from Kuda’s 25 free monthly transfers. Customers can compare 2025 activity against 2024, including income versus expenditure.
In an era of inflation and economic uncertainty, the recap promotes financial literacy by highlighting responsible borrowing via Kuda Overdraft usage, including access frequency, amounts borrowed, and repayment patterns.
Customer-shared screenshots on X reflect national trends: Nigeria recorded over 2.2 billion electronic transactions worth ₦285 trillion in Q1 2025, up 20 percent year-on-year, with POS terminals driving the shift to cashless commerce.
Kuda Group CEO Babs Ogundeyi, in the recap’s opening video, urged users: “Before you carry on with January, this is the perfect time to see everything you did with your money on Kuda last year and learn something.”
The feature underscores Kuda’s focus on actionable insights to help Nigerians navigate evolving personal finance amid shifting earning and spending behaviours.
Wema Bank has introduced SAW, a new AI voice assistant integrated into the ALAT 2.0 app, allowing customers to manage finances through natural voice commands similar to Siri, Bixby, or Alexa.
Wema Bank
SAW understands everyday language and delivers instant responses tailored to banking needs, such as checking account balances, transferring money, reviewing transactions, and accessing support.
This feature brings conversational banking to Nigerian users, eliminating complexity and enhancing accessibility.
The bank positions SAW as a pioneer in AI-powered financial services, aligning with global trends where millions interact daily with voice assistants for tasks like setting reminders or playing music.
ALAT 2.0 represents the next evolution in digital banking, making services more efficient, personal, and human-like for everyday Nigerians.
Ecobank Nigeria Limited has fully repaid bondholders who validly tendered their notes ahead of the February 2026 maturity date.
The bank announced the successful completion of its tender offer, under which it prepaid approximately $245 million of its $300 million Eurobond, representing more than 80 per cent of the total issuance.
According to a statement, the transaction relates to the 7.125 per cent Senior Note Participation Notes due February 2026.
Ecobank Nigeria Limited said it launched a tender offer to eligible noteholders in respect of the outstanding $150 million on the bond on November 27, 2025, providing them with an opportunity to redeem their holdings ahead of the original maturity date of 16 February 2026.
It stated that the early and late tender participation deadlines were 11 December 2025 and 29 December 2025, respectively.
According to the bank, holders of notes validly tendered and accepted received a cash consideration of $1,000 per $1,000 in principal amount, in addition to accrued interest from the last interest payment date up to, but excluding, the final settlement date of 31 December 2025.
Following completion of the offer, the bank said the outstanding principal amount of the notes has been reduced to approximately $55.092 million.
The bank also stated that the initiative reflects Ecobank Nigeria’s proactive approach to liability management and prudent balance sheet optimisation.
The tender offer was conducted with Renaissance Capital Africa (Renaissance Securities Nigeria Limited) acting as financial adviser and dealer manager, while Sodali & Co Limited served as tender agent.
The notes were originally issued by EBN Finance Company B.V., with limited recourse to the issuer, for the sole purpose of financing the purchase of the $300 million 7.125 per cent Senior Note due 2026 issued by Ecobank Nigeria Limited.
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