Tag: First Bank Plc.

FirstMonie reinforces FirstBank’s leading role in Nigeria with over 1 billion transactions

Jide Ige

The Bank’s Firstmonie Agents play a critical role in promoting financial inclusion in the country   The Bank currently has over 180,000 Firstmonie Agents spread across 772 Local Government Areas in Nigeria Since 2020, FirstBank has economically empowered thousands of its Firstmonie Agents with over 100 billion naira credit facility First Bank of Nigeria Limited, Nigeria’s premier and leading financial services provider has announced that its agent banking network – Firstmonie Agents – spread across the nook and cranny of the country has collectively processed transaction volume in excess of 1…

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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 convenes SMEconnect webinar, promotes growth of educational sector

Jide Ige

First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider, has announced the convening of a Business Clinic to promote the growth and sustainability of the educational sector, especially in the light of the coronavirus which is having an adverse effect on the operations of schools across the world. The event is scheduled to hold via Zoom platform by 11:00am on Thursday, 23 July 2020.   “Managing Your School through the Pandemic: Engagement and Retention Strategies,” is the topic of the event and will be discussed by experts, leading…

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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 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 takes SME clinic to Port Harcourt, Abuja

Jide Ige

In recognition of the significant role SMEs play in achieving sustainable growth and development in the economy of the country, Nigeria’s premier and leading financial services provider, First Bank of Nigeria Limited would host SMEs in its 2020 second edition of the SME Business Clinic. The event themed “Building a sustainable Business” would be held on 25th and 27th February 2020 in Port-Harcourt and Abuja respectively. SMEs are encouraged to take the FirstBank SME diagnostic tool by visiting https://smeconnect.firstbanknigeria.com/ in order to stand a chance to be amongst the participants…

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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 Scoops double at Global Business Outlook Awards

Jasmin Ekua, Banking & Finance

First Bank of Nigeria Limited has been named 2019 “Best Mobile Banking App” and “Fastest Growing Retail Bank” winner by Global Business Outlook. The Global Business Outlook Award recognises and rewards excellence in business in companies across the world, both in the public and private sectors. The award rewards innovation, creativity and the drive to create value. FirstBank earned the Fastest Growing Retail Bankrecognition because of its leading role in promoting financial inclusion in the country, a drive which has resulted in its 44,000 Agent Banking network designed to complement the provision of bespoke…

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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 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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Fifth Chukker Commends FirstBank’s commitment to Patrons Cup

Yemi Thomas, Entertainment Editor

The management of Fifth Chukker Polo and Country Club have commended First Bank of Nigeria Limited for their support of the prestigious African Patrons Cup; a polo tournament which holds annually at the Club in Kaduna. The commendation came at the closing ceremony of the 2019 edition of the competition which featured notable polo teams drawn from across the country.  The Bank was lauded for its contribution to the development of Polo at the club. A statement by the club’s management stated “We will like to recognise the sterling efforts…

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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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FirstBank Powers Linda Ikeji TV for First Class Material

Jide Ige

First Bank of Nigeria Limited has announced its partnership with Linda Ikeji TV for the broadcast of the TV show, First Class Material. The show is billed to premiere on all FirstBank and Linda Ikeji TV platforms across the web and social media on Tuesday 26th November at 8am and reposted at 7pm same evening- Nigerian time First Class Material is a programme which aims to chronicle the success stories of Nigerians who are distinct and exemplary in their achievements and importantly, a testament to the greatness of the West African country.   …

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FBNHOLDINGS: Setting the tone for gender inclusiveness, balance in boardroom

Jasmin Ekua, Banking & Finance

By Hope Ashike In many parts of the world, including Nigeria, women often face the barriers of discrimination and persistent gender inequalities which deny them access to key positions in the corporate world as well as access to finance or the formal economy. Women make up almost half of the world’s working-age population of nearly 5 billion people. But only about 50 percent of those women participate in the labour force, compared with 80 percent of men, according to a report by the International Monetary Fund (IMF). The IMF’s research…

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IWEC Foundation names Awosika President

Jasmin Ekua, Banking & Finance

The International Women’s Entrepreneurial Challenge Foundation (IWEC)  has announced the appointment of Ibukun Awosika to their Board of Directors as its New President. Awosika is the Chairman of First Bank of Nigeria Limited, Nigeria’s Premier and Leading financial services provider. Mrs. Awosika was elected to replace Miguel Valls, former president of the Barcelona Chamber of Commerce and president of the IWEC Foundation, who passed away last month. “The Foundation is very excited to announce the appointment of our new president,” stated Ruth A. Davis, IWEC Chairwoman and distinguished former U.S. Ambassador. “Ibukun Awosika has…

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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 wins Best Private Bank and Best Retail Bank Awards in Nigeria

Jide Ige

In recognition of its commitment and leading role at providing bespoke financial services to its customers and the public in general, through its numerous state of the art and innovative financial products and services, First Bank of Nigeria Limited has been awarded the Best Private Bank and Best Retail Bank in Nigeria respectively by World Finance Magazine and Global Banking and Finance Review. Speaking on the Bank’s recognition for the Best Retail Bank in Nigeria award, Wanda Rich, Editor, Global Banking & Finance Review said “With 125 years of continuous banking operations, First…

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FirstBank hosts FINTECH summit 3.0

Jide Ige

Nigeria’s premier and leading financial services provider, First Bank of Nigeria Limited hosted the third edition of its annual Fintech summit themed “Banking + Tech = Solving Real Problems”. The event held on Wednesday, 16 October 2019 in Lagos with a conference and panel sessions comprising tech experts, start-ups, regulators and other stakeholders to deliberate pressing issues, trends and upgrades in the application of technology in the financial services industry. Victor Asemota, Founder, Swifta Systems & Services was the Keynote Speaker at the event. With the evolution that has taken…

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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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