FirstBank disburses over N17bn loans through FirstAdvance

FirstBank adesola adeduntan

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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FirstBank working with Lagos State to offer 2,000 schools single digit loans

First Bank of Nigeria Limited has partnered with Lagos State Employment Trust Fund (LSETF) in a matching fund scheme. According to the Nigeria’s oldest financial institution, the scheme aims to cushion the impact of COVID-19 pandemic on low-cost private schools by ensuring lending at an attractive interest rate. Specifically, the lending scheme is target at 2,000 low budget private schools across the state to access loans of up to N5 million at single digits rates. The programme will provide access to finance where participating schools can each be availed up…

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FirstBank appoints Oluwande Muoyo as non-executive director

First Bank of Nigeria Limited has announced the appointment of Mrs. Oluwande Muoyo as a Non-Executive Director. Mrs. Muoyo joined the board of FirstBank from FBN Holdings Plc., the parent company of FirstBank, Nigeria’s premier and leading financial inclusion services provider. Speaking on her appointment, Adesola Adeduntan, chief executive officer, FirstBank said, “We are excited to welcome Mrs. Oluwande Muoyo to the FirstBank Board. Adedutan assured that Muoyo will bring to the board her depth of experience which spans over three decades in various leadership and strategic positions across the…

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Ibukun Awosika, Firstbank’s chairman stars in Citation

Ibukun Awosika

Ibukun Awosika, chairman, First Bank of Nigeria Limited has made her debut in a movie produced by award-winning, and proudly Nigerian movie producer, Kunle Afolayan. The movie, Citation, is created to correct one of the greatest ills – rape and sexual molestation – which affects the educational system and indeed societies around the world. Mrs. Awosika plays the role of the dean of a university faculty, overseeing the senate hearing panel of a female postgraduate student (Moremi), played by Temi Otedola, who has been a victim of sexual harassment. The movie…

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60,000 FirstMonie agents process N6trn worth transactions

60,000 FirstMonie agents process N6trn worth transactions

…Value realised in 320 million customer transactions   Nigeria’s oldest financial bank, FirstBank of Nigeria Limited says it has processed transactions worth over N6 trillion on its FirstMonie Agent network as at July 2020. Adesola Adeduntan, FirstBank’s chief executive officer, disclosed this recently at the bank’s FinTech Summit 4.0 webinar in Lagos, themed: “How Blockchain and Artificial Intelligence (AI) will Disrupt FinTech in Nigeria.” Adeduntan said: “With more than 60,000 Firstmonie Agent Banking locations, we have to date processed over 320 million customer transactions worth over N6 trillion on the…

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Register: FirstBank convenes SMECONNECT Webinar July 23

Firstbank, Oando, Verve

First Bank of Nigeria Limited has announced the convening of a Business Clinic to promote the growth and sustainability of the educational sector. The lender explained in a press statement signed Tuesday by FolakeAni-Mumuney, its Group Head, Marketing and Corporate Communications, that this is 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 with the theme: “Managing Your School through the Pandemic: Engagement…

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FirstBank rewards its Verve card holders with free fuel

Firstbank, Oando, Verve

First Bank of Nigeria Limited, Nigeria’s leading financial inclusion services provider is set to reward customers for Verve Card usage in its Free Fuel Promotion. The Free Fuel promo which is activated by FirstBank in collaboration with Verve International and Oando Plc. kicked off on Monday, 6 July 2020 to Friday, 24 July 2020 between 6 am and 6 pm, the lender stated in a press release. In the promo, for a minimum of N3,000 fuel purchase, FirstBank Verve cardholders will receive 5 extra litres of fuel for free instantly at…

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FirstBank: Empowering Staff; Driving Productivity against the Odds

FirstBank adesola adeduntan

As the coronavirus pandemic forces firms to downsize and cut their wage cost to cope with the adverse economic realities, First Bank of Nigeria Limited (FirstBank) is bucking the trend with a different approach that puts its staff first, writes Segun Adams. In a pandemic year where employees are agreeing to pay cuts to keep their jobs and businesses are either downsizing or simply liquidating, First Bank of Nigeria Limited is an outlier, taking an unusual approach to demonstrate how organisations can still ensure the best outcomes for both employer…

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FirstBank rebrands mobile App; adds new features

FirstMobile rebrands banking App, adds new features

First Bank of Nigeria Limited has upgraded its mobile banking application, FirstMobile, with new and improved features to promote safe and convenient mobile banking experience for customers. The bank’s award-winning and dynamic mobile banking application has been redesigned with improved security and self-service features to ease the navigation capability and proficiency of customers. Aesthetically, its unique cool blue colour background gives it a more appealing interface for customers to enjoy a unified and streamlined banking experience whilst going about their day to day activities. FirstMobile is now embedded with a card protection service…

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FirstBank’s inaugural management associate programme graduates 28 candidates

FirstBank adesola adeduntan

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 recently. 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 staff. Entries and applications for the programme enrolment was also…

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