Financial Inclusion: FirstBank’s 86,000 banking agents process N9.6trn transactions

FirstBank SMEConnect

Financial Inclusion: FirstBank’s 86,000 banking agents process N9.6trn transactions Runs largest agent banking network in 772 local governments   At present, there are over 86,000 banking agents across 772 out of the 774 local government areas in Nigeria, a demonstration of FirstBank’s commitment to deepening financial inclusion and ensuring the unbanked are adequately catered for. In an interview with the press, Adesola Adeduntan, FirstBank’s chief executive officer noted that over N9.6 trillion had been processed through the bank’s agent network. As he explained, FirstMonie agents have supported several government and…

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INNOVATION: FirstBank unveils virtual payment card

FirstBank unveils virtual payment card

INNOVATION: FirstBank unveils virtual payment card   First Bank of Nigeria Limited says it has launched a virtual payment card, a naira-denominated debit card and digital representation of the plastic debit card. A statement from the bank on Sunday, titled ‘FirstBank begins the year with an innovative, convenient virtual payment card’, said the card was designed to be linked to either a customer’s operative account or wallet account. It said, “The FirstBank virtual payment card is a suitable alternative to the use of cash and cheques, with its wide-range features,…

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59th FirstBank Lagos Amateur Golf Open Championship tees-off

FirstBank Lagos Amateur Golf

59th  FirstBank Lagos Amateur Golf Open Championship tees-off   Nigeria’s premier and leading financial inclusion services provider, First Bank of Nigeria Limited has announced that the 59th edition of its annually sponsored Lagos Amateur Golf Championship. The tournament teed-off at the golf section of Ikoyi Club 1938 on Monday, 28 December 2020, according to the bank in a press statement made available to Business Metrics. The competition, which is one of the longest running international amateur events in the country, is endorsed by the United State Golf Association (USGA) and…

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NCOY: FirstBank is powering the Next Generation of Nigerian Innovators and Entrepreneurs

FirstBank SMEConnect

By FirstBank What did (the various territories that were later to be amalgamated into) Nigeria look like in 1894? How about a hundred years later in 1994? And what could Nigeria look like in the year 2094? History provides elaborate answers to the first two questions. Answers –accurate or near-accurate answers, that is – to the third, however, will rely entirely on the ability to predict/envision the future and work to invent and create the predicted future. With a continuing shining legacy of nation building – supporting innovative financial, commercial…

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LASG partners FirstBank to promote access to affordable healthcare

Lagos moves repeal law on pension for ex-govs, deputies

Lagos State Government (LASG) has partnered FirstBank to utilise the lender’s over 13,000 Firstmonie Agents as payment channels for the Lagos State Health Scheme (LSHS). The partnership is via the Lagos State Health Management Agency (LASHMA) which the ministry said is part of its commitments to ensure that residents at the grassroots have access to affordable, effective and quality healthcare The General Manager, Lagos State Health Management Agency (LASHMA), Dr. Emmanuella Zamba, made the disclosure during the flag off of the partnership in Alausa, saying that the partnership became necessary…

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COVID-19 propels new innovation as Nigeria welcomes touchless ATMs

In the light of COVID-19, next-generation automated teller machines (ATMs) that do not require users to touch them have berthed in Nigeria. FirstBank is spearheading the banking innovation as it launched the FastTrack ATM, which is the first of its kind in Africa The FastTrack ATM is designed to promote financial activities on the ATM devoid of any form of physical interaction with the machine. The introduction of the FastTrack ATM which is done in partnership with Inlaks enables customers carry out cash withdrawals without having to touch the interface…

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Financial Inclusion: FirstBank targets children with Kidsfirst, Mefirst accounts

LASG partners FirstBank

First Bank of Nigeria Limited, has announced its variant account products – KidsFirst and MeFirst – created to encourage the right savings culture among children from 0 – 17 years. The offerings have relevant enhancements including appropriate parental guidance and financial discipline for children as they grow into adulthood. Both accounts can be opened with zero balance and operated with a minimum balance of N100.00. KidsFirst Account is designed for children between the ages of 0 and 12 years to sensitise them on how exciting saving can be. The account comes…

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REGISTER: FirstBank hosts SME Webinar on rebuilding small businesses November 10

FirstBank unveils virtual payment card

First Bank of Nigeria Limited is set host an SME webinar themed “Rebuilding your Business” by 10am on Tuesday, 10 November 2020 via Zoom meetings.   The event is organised in collaboration with FBN Insurance Brokers and FBN Quest with its discussants including: Tunde Owolabi, group executive, retail banking (Lagos & West), FirstBank; Olumide Ibidapo, MD/CEO FBNInsurance Brokers and Ijeoma Agboti, managing director, FBNQuest Funds. The financial institution said in a statement that as a brand committed to putting its stakeholders first, it has designed the webinar to empower the participants and…

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FirstMobile wins Best Mobile Bank App award

FirstMobile wins Best Mobile Bank App award

First Bank of Nigeria Limited has announced that its mobile banking application, FirstMobile, has been awarded the 2020 Best Mobile Banking App Award 2020 in the Global Finance Best Digital Bank Awards 2020. This feat is largely attributable to the bank’s relative strength and success of its web products and services, notably FirstMobile. Speaking on the 2020 Global Finance Awards Joseph Giarraputo, publisher and editorial director of Global Finance, said: “This year, a global pandemic accelerated the transition to digital banking, but forward-thinking banks were already on that road. The…

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FirstBank disburses over N17bn loans through FirstAdvance

FirstBank SMEConnect

First Bank of Nigeria Limited, has revealed it disbursed over N17 billion loans through through FirstAdvance, its digital lending solution. According to Nigeria’s leading financial inclusion services provider, FirstAdvance is designed to offer a convenient and easy access to cash for salary earners whose accounts are domiciled with FirstBank and have received regular salaries for two months, prior to the loan request. In barely a year since the launch of FirstAdvance, FirstBank said over 128,000 unique customers in over 782,996 successful transactions have so far benefitted from loans. Processing a…

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