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Ecobank partners LCCI on promoting export business

Ecobank Nigeria in partnership with the Lagos Chamber of Commerce and Industry (LCCI), has provided insights into the various financing options available for exporters.Information Guide Nigeria

It has provided insight into regulatory frameworks, and the role of public and private sector institutions in promoting export businesses.

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BUSINESS HALLMARK reports that the President of LCCI, Asiwaju Oladele Cole who spoke at a seminar organized in conjunction with Ecobank Nigeria said breaking barriers to export finance is critical to stakeholders in the export and import business.JAMB Result

According to him, the partnership is targeted at exposing and sensitizing the industry stakeholders on the potential and rich possibilities locked in the industry.

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As reported by BUSINESS HALLMARK, the Executive Director, of Commercial Banking, Ecobank Nigeria, Kola Adeleke said, “Export finance can help businesses bridge the funding gap that often occurs between production and payment, enabling them to take on larger orders and enter new markets. It is also crucial in managing risks associated with exporting, such as foreign exchange rate fluctuations, non-payment by overseas customers, and political risks.”JAMB Portal

Adeleke added, “Our unique positioning in 33 African countries enables us to leverage our extensive network to reduce the number of financial partners and relationships in executing a trade. We own the switch connecting countries where we operate across Africa. This centralized switch enables easy integration. We possess knowledge of the local markets in which we operate resulting in unparallel financial advisory.NYSC Portal

“We offer real-time settlement across Africa and our customers enjoy instant transfers across 33 African countries. Ecobank has a reputation for developing innovative products as the bank has won us several international, regional, and local awards and we aspire to be the gateway to pan-African payments and trade.”