Tag: FirstBank’s Chief Executive Officer

FirstBank strengthens role in gender inclusion with single-digit loan for women

Jasmin Ekua, Banking & Finance

The FirstGem fund (FirstGem loan) is a single-digit loan scheme, exclusively designed to put women at an advantage in contributing to the socio-economic development of the country. The loan scheme covers female-owned or partnered SMEs in various sectors of the economy Launched in 2016, FirstGem has been impactful in driving financial inclusion, influencing women’s empowerment through gender-advancement programmes like savings culture, financial literacy, wealth management and building an investment portfolio. In furtherance of its role in promoting female entrepreneurship across the country, Nigeria’s premier banking institution and leading financial inclusion…

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FirstBank retakes its leadership position, delivers fantastic performance in 2021

Jide Ige

As financial market analysts continue to digest the 2021 financial results of the FirstBank Limited, which they say reflect the return of the banking conglomerate to its leadership position, Festus Akanbi writes that the regime of strong fundamentals which the robust performance represents is in tandem with the ongoing restructuring being midwifed by the current board and management of the company The Nigerian investing community was held spellbound earlier in the week when FBN Holdings Plc released its much-awaited 2021 financial statements to the public, showing a stellar performance, especially…

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FirstBank scoops double at Int’l Investor Awards

Jasmin Ekua, Banking & Finance

Nigeria’s premier banking institution and leading financial services inclusion services provider, First Bank of Nigeria Limited has won two awards: Best Bank in Nigeria 2022 and Best Banking Digital Transformation Nigeria at the International Investor Awards 2022, a print and online publication that provides insights, news and visual informative pieces with topics ranging from world markets, investing opportunities, industry analysis and so much more. All content is dedicated to the global investment community that wants to take a step ahead. The bank was recognized with the Best Bank in Nigeria 2022 award…

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FirstBank’s FMAP graduates inaugural set of management associates

Jasmin Ekua, Banking & Finance

First Bank of Nigeria Limited, Nigeria’s leading financial inclusion services provider,  has graduated 28 successful candidates in its inaugural FirstBank Management Associates Programme (FMAP), virtually held on Tuesday, 30 June 2020 via the Zoom video conferencing application. The programme which commenced in 2018 had a total of 48 candidates selected from thousands of entries and applications received nationwide. FMAP is a 24-month fast-track comprehensive developmental programme targeted at young, dynamic, self-motivated and highly driven individuals that possess the right skill set and excellent leadership potential among Junior and entry-level cadre…

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FBNHoldings wins World Finance’ Best Corporate Governance in Nigeria Award

Jasmin Ekua, Banking & Finance

Nigeria’s leading financial services group and holding company, FBN Holdings Plc, has won the 2020 Best Corporate Governance in Nigeria Award by the World Finance. World Finance is renowned for its comprehensive coverage and analysis of the global financial services industry, international business, and the global economy. FBN Holdings Plc is winning this award for the second consecutive year on the back of its strong corporate governance practices and outstanding leadership in the Nigerian financial services industry Commenting on the award on behalf of FBNHoldings, UK Eke, MFR, its Group Managing…

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FirstBank free e-learning facility targets 1m students

Jide Ige

Nigeria’s leading financial inclusion services provider, First Bank of Nigeria Limited, has announced that thousands of students have been signing up to access the e-learning solutions for free which is provided in partnership with Roducate and Lagos State Government. This is in furtherance to the Bank’s resolve to close the gap of the disruption in children education’s due to schools’ closure, following the COVID-19 pandemic.  The Roducate e-learning platform is structured in line with the government’s accredited curriculum for primary, secondary and tertiary schools across various fields of academic endeavours,…

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FirstBank sustains positive impact, welcomes back customers

Jide Ige

FirstBank; Nigeria’s leading financial institution and Africa’s Bank of Choice has expressed its appreciation to the public – especially its customers – for their continued patronage of its services during the COVID 19 lockdown, whilst assuring the public that stringent measures have been implemented to ensure its branches and locations across the country operate in line with the health and safety guidelines issued by the Nigeria Centre for Disease Control to mitigate the spread of coronavirus. Expressing the Bank’s delight at welcoming customers to its branches and locations from Monday,…

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COVID-19: FirstBank roll out palliatives, sponsors e-learning initiative

Jasmin Ekua, Banking & Finance

Nigeria’s leading financial inclusion services provider, FirstBank, has unveiled enhanced palliative measures to help its customers and Nigerians through these times of the extended COVID 19 lockdown in some states.  Amongst these measures are; the introduction of special waivers on repayment fees on the Bank’s credit cards as well as up to 90-days moratorium on SME loans. The aim of these is to cushion the impact of the toll on employment and livelihoods. It was announced in the course of the week that the Lagos State Government & Roducate e-learning…

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COVID-19 LOCKDOWN: FirstBank pledges seamless services

Jasmin Ekua, Banking & Finance

First Bank of Nigeria Limited, the leading financial inclusion bank in Nigeria, has reassured its customers that it would remain steadfast and ready to show up for them at these “unprecedented times.” The Bank, in a statement released on Thursday and signed by its chief executive officer, Dr. Adesola Adeduntan, hailed its Nigerian customers for their resilience especially in the last two weeks despite the coronavirus (COVID-19) pandemic ravaging the country. “As I reflect on the last two weeks, I am comforted by the resilience of our people,” the bank’s…

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First Bank CEO, Adeduntan covers African Banker magazine, speaks on ‘Doing Good’

Jide Ige

I travel to meet Dr Adesola Adeduntan in Edinburgh, where he has been invited to give a keynote address at the Edinburgh School of Business about the role of financial institutions in driving financial inclusion.Fittingly, as you land in Edinburgh, you are greeted by billboards from different investment funds advertising their credentials in responsible and sustainable investment and how environmental, social and governance (ESG) considerations underpin their activities.  With economists and politicians questioning capitalism and the Western liberal model, today the emphasis is very much on a stakeholder-based approach, whereby…

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FirstBank CEO, Adeduntan’s day of honour at Cranfield School of Management

Jide Ige

Earlier in the year, it was announced that Dr. Adesola Adeduntan, the Chief Executive Officer, First Bank of Nigeria Limited had been honoured with the coveted and renowned Cranfield School of Management Distinguished Alumnus of the year Award 2020. The recognition which was celebrated across Nigeria – the highpoint being the commendation by the country’s President, Muhammadu Buhari – was recently presented to Dr. Adeduntan by Professor Sir Peter Gregson, FREng, MRIA, DSc, Chief Executive and Vice-Chancellor, Cranfield University at The Royal Society, London. With the saying, behind every successful man…

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FirstBank wins 2019 Oil And Gas Banker award

Benjamin Chukwudaalu, Political Reporter

First Bank of Nigeria Limited was recently presented with the Oil and Gas Banker of Year 2019 award at the Patrons’ Dinner and Industry Awards of the Nigeria International Petroleum Summit held recently at Transcorp Hilton, Abuja. The four-day event, comprising conference and award dinner, is acclaimed to be Nigeria’s Government official platform for the petroleum industry gathering which has evolved to become Africa’s premier business and technology conference for not just oil and gas but for other industries in the economy, notably; maritime, automobile, banking and finance, power (electricity), pipelines, LNG, infrastructure,…

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KPMG Report: FirstBank reinforces retail banking dominance, creates 150,000 indirect jobs

Jasmin Ekua, Banking & Finance

By Collins Nweze The unbanked and underbanked, two groups at the centre of retail banking, need to be captured for the financial system to achieve its full potential. The KPMG Nigeria Banking Industry Customer Experience Survey says customers have expectations about how their needs will be met and meeting this requires banks deploying the right network and technology. First  Bank of Nigeria Limited has through its Firstmonie Agent Banking Network created over 150,000 indirect jobs for Nigerians and executed three million transactions via 45,000 agents, writes COLLINS NWEZE. Banking is no…

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FirstBank hosts SME clinic, reiterates commitment to capacity building

Jasmin Ekua, Banking & Finance

By Ugo Aliogo First Bank of Nigeria Limited has reiterated its commitment to driving growth and building the capacity of Small and Medium-sized Enterprises (SMEs) in the country. Speaking at the FirstBank SMEConnect Business Clinic, held in Lagos on Thursday, the Group Head, Lagos Island 1, First Bank of Nigeria Limited, Olufunke Smith stated that the business clinic provides an opportunity for SMEs to understand how to develop their business plans, and run their business. It is one of the key initiatives that the bank has put in place to drive…

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FirstBank boosts education with N10bn loan

Jide Ige

Nigeria’s premier and leading financial services provider, First Bank of Nigeria Limited, has announced that within the last year, it has supported educational institutions in the country with loans in the sum of over 10 billion naira. The Bank’s support is carried out through its FirstEdu product, an educational solution created to enhance the educational facilities in schools with a view to improving the quality of education across the country. FirstEdu loan is targeted at private Nursery, Primary and Secondary schools to assist the schools in achieving their desired growth…

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FirstBank gives update on Mpape failed bank robbery

Jide Ige

FirstBank Nigeria Ltd., has given an update on last week’s attempted robbery of one its branch in Mpape, a suburb of Abuja, Federal Capital Territory. The statement signed by the bank’s Group Head, Marketing and Corporate Communications, Folake Ani-Mumuney, reads: We are aware that a customer service executive assigned to us by one of our vendors is helping the police with their investigations into the attempted robbery that happened last week in one of our branches in Abuja. We remain grateful that none of our staff or customers lost their lives…

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Mpape Robbery: FirstBank commends Soldiers, Police for quick response, says customers, staff not hurt

Jide Ige

First Bank of Nigeria Limited, whose branch in Mpape, a suburb of Abuja was the scene of an attempted armed robbery has reacted to the failed attack. According to a statement released by the bank on Saturday, the incident has been brought under control and normalcy has been restored in the area after four of the suspects were arrested and one of them gunned down. The statement further explained that no customer and staff were hurt. Read the full statement below: We wish to inform everyone that the attempted robbery incident that…

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FirstBank Cards offer win a trip to Dubai, cashback for transactions

Jide Ige

It is raining promos with your FirstBank Cards this season. The Bank recently announced its Verve Card Reactivation Promo to reward three customers with all-expense paid trips to Dubai for reactivating and using their Verve Cards to transact on PoS and online. The ongoing promo kicked off on December 2, 2019 and would end on January 25, 2020. In addition to the Dubai trip, 600 customers will be rewarded with N3,000 worth of airtime and 60 customers with N50,000.00 cash prize during the 2-month promo period. The airtime and cash…

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FirstBank ‘VYBES’ rock Nigerians at yuletide

Jasmin Ekua, Banking & Finance

FirstBank has announced its sponsorship of an array of initiatives to empower the society as well as promote the growth and development of entertainment genres including music, fashion and arts in the country. The yearly partnership tagged FirstBankIssaVybe which kicked off in 2018, is designed by the Bank to create an enthralling and enabling experience for Nigerians especially the young ones in the Yuletide season to bond with family and friends, whilst connecting with their favourite superstars. From the exciting Alternative Sound 4.0, held at Terra Culture on 5 December 2019 to the…

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FirstBank names Wanka Non-Executive Director

Jasmin Ekua, Banking & Finance

First Bank of Nigeria Limited, Nigeria’s premier and leading financial services provider, has announced the appointment of AlhajiAdo Yakubu Wanka as Non-Executive Director. Speaking on his appointment, Dr. Adesola Adeduntan, Chief Executive Officer, First Bank of Nigeria Limited said, “We are delighted to welcome AlhajiAdo Yakubu Wanka, to the FirstBank Board. We are especially excited that he is bringing a combination of complementary skills and rich experience to the table which will no doubt enhance the quality of governance towards meeting our strategic goals.  Alhaji Ado Yakubu Wanka attended Government Secondary…

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How FirstBank FINTECH Summit is contributing to bridge Nigeria’s financial inclusion, By Bala Augie

Jasmin Ekua, Banking & Finance

As financial solution providers continue to face stiffer competition globally from Fintech startups and emerging technologies such as blockchain, cryptocurrency and crowdfunding, and the increasing level of disruption in the traditional mode of payment and business models, technology holds the key to unlock the potentials in the financial service sector across Africa through Fintech. As the banking sector continues to find newer ways of engaging and providing customer centric services to bridge the current level of unbanked and under banked population to achieve Nigeria’s 2020 financial inclusion target, the fallout…

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FirstBank Partners CFA Society Nigeria for 2019 ethics challenge competition

Jide Ige

In the furtherance of the Bank’s commitment to promote business ethics, professional excellence and education, reflected in the Bank’s Endowment programme – the Samuel Asabia Chair for Business Ethics at the University of Lagos – First Bank of Nigeria Limited for three consecutive years is partnering with CFA Society Nigeria to host its annual flagship event, the Ethics Challenge,  scheduled for Friday & Saturday, 15 -16 November 2019 in Abuja and Lagos for the regional and national levels respectively. The Ethics Challenge is designed to increase students’ awareness of the ethical dilemmas and issues they may face…

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FirstBank celebrates top performing FirstMonie Agents nationwide

Jasmin Ekua, Banking & Finance

In recognition of the contribution of its Firstmonie Agents towards the Bank’s resolve at promoting access to financial services to all Nigerians, First Bank of Nigeria Limited has announced that its Agent Banking National award ceremony would hold on Friday, 25 October 2019 at the Oriental Hotel, Lagos. The event is themed “Planting Community Heroes Nationwide”. Since its inception in 2017, the FirstBank Agent Banking scheme, popularly called Firstmonie, has recorded giant strides at promoting financial inclusion across the nook and cranny of the country. With almost 40,000 Agents in…

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FirstBank’s CEO, Adeduntan in Edinburgh for Ethical Finance Conference

Jasmin Ekua, Banking & Finance

As part of the Bank’s financial inclusion and global thought leadership drive, the Chief Executive Officer, First Bank of Nigeria Limited, Dr. Adesola Adeduntan participated in the 2019 Global Leaders Interactive panel session of the 2019 Ethical Finance Conference held on 8 – 9 October 2019 at RBS Conference Centre, 175 Glasgow Road, Gogarburn, Edinburgh. The event had in attendance over 500 leading finance practitioners from all over the world. The Bank’s CEO, Dr. Adesola Adeduntan, with other thought leaders, policy influencers and leading finance practitioners across the world deliberated on…

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First Bank to boost financial inclusion with 500,000 agents

Jide Ige

In a move aimed at enhancing financial inclusion across the country, First Bank of Nigeria Limited has announced its drive to engage up to 500,000 operators on its agent banking platform. This was disclosed at the opening ceremony of the 12th Annual Conference of the Chartered Institute of Bankers of Nigeria (CIBN) by FirstBank’s Chief Executive Officer, Dr. Adesola Adeduntan, who also served as the Chairman of the CIBN 2019 Conference Consultative Committee at the event which was held in Abuja, 24 – 25 September 2019. The CIBN conference themed:…

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