Yemisi Izuora
The National Bureau of Statistics (NBS) says the Consumer Price Index which measures inflation dropped from 15.9 per cent in November to 15.37 per cent in December.
The drop of 0.53 percent points recorded in December makes it the eleventh consecutive slowdown in the inflation rate.
The report said the Urban inflation rate rose by 15.78 per cent year-on-year in December from 16.27 per cent recorded in November, while the rural inflation rate also eased by 15.02 per cent in December from 15.59 per cent in November.
On a month-on-month basis, the urban index rose by 0.66 per cent in December, down by 0.19 from 0.85 per cent recorded in November; while the rural index rose by 0.54 per cent in December, down by 0.18 when compared with 0.72 percent in November.
Ecobank Increases Customers Card Limits For International Spending
Yemisi Izuora
Ecobank Nigeria says it has increased the maximum daily limit of their Naira Debit Cards abroad depending on the type of Card held by the customer.
Customers with Naira Debit Cards can now pay up to $4,000.00 and $5,000.00 per day on Online Channels and POS terminals respectively across the world.
Also Foreign Currency Debit Card Holders can spend up to $5,000.00 daily from their Domiciliary Accounts held in the Bank. For Ecobank Premier Customers with Platinum Credit Cards, daily transaction limits of $15,000.00 apply. These limits are, however, subject to the Central Bank of Nigeria’s annual spending limits on Naira and Foreign Currency Denominated Cards.
Commenting on this development, the Consumer Distribution Head, Mr. Ayotunde Kuponiyi remarked that this change is a response to customer feedback, as the bank is determined to reach and provide the customers convenience at all times.
“This is positive news for our customers, particularly for those travelling abroad for business and leisure and for our Customers in Diaspora. It is very important that Customers of Ecobank access their accounts with relative ease wherever they are, within or outside Nigeria”, he stressed.
Mr. Kuponiyi reiterated that Ecobank Customers can walk into any of the bank’s over 400 branches to pick up an instant Card in under five minutes. These Cards are enabled for value added services and online transactions both locally and abroad. Foreign currency denominated debit cards, (USD, GBP and EUR) can also be accessed directly for use in transacting from domiciliary account withdrawals.
It would be recalled that Ecobank reviewed its card limits upwards for international spend in July last year.