Financial Inclusion: FirstBank’s Firstmonie agents hit 100,000

Firstmonie agents hits 100,000

Financial Inclusion: FirstBank’s Firstmonie agents hit 100,000 If you live in Lagos, Abuja or Port Harcourt, or you reside in any of the other state capitals, you probably take for granted that you actually live in the better of the two worlds that make up Nigeria when it comes to banking. Take Lagos, for example, you would find a bank in almost any corner you turn. You have many streets in business or commercial areas in the city that are lined up by nothing but banks in all their glory…

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FULL TEXT: Why we sacked FirstBank board — Emefiele

FULL TEXT: Why we sacked FirstBank board — Emefiele

FULL TEXT: Why we sacked FirstBank board — Emefiele   Nigeria’s premier bank, First Bank, has for years been plagued by “bad credit decisions, significant and non-performing insider loans and poor corporate governance practices”, the Central Bank of Nigeria has said. The regulator sacked the board of the bank and its holding company on Thursday, in a dramatic move that came a day after the bank named a new managing director. In a speech to journalists, CBN governor, Godwin Emefiele, said First Bank maintained healthy operations up until 2016 financial…

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Breaking: CBN sacks FirstBank board over removal Adeduntan as MD/CEO

CONaira 4 Dollar SchemeVID-19 healthcare funds

CBN Sacks FBN Board over removal of MD/CEO     The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has sacked the entire members of the board of First Bank Holding and First Bank Nigeria Ltd. Emefiele, in his speech broadcasted on national television cited insider abuse, insider credit and breakdown of corporate governance as the reason behind the apex bank’s move. The CBN governor further announced the reinstatement of ousted MD/CEO of First Bank LTD, Dr Sola Adeduntan who was sacked as the MD of the interim…

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FirstBank launches new corporate website

FirstBank launches a new corporate website

FirstBank launches a new corporate website     FirstBank of Nigeria Limited has announced the launch of its newly designed website at https://www.firstbanknigeria.com/. According to the leading financial institution, the new website is upgraded with features that are streamlined to reinforce its role in delivering seamless banking and technology solutions to its customers across the world. The website is configured with modern design and improved functionality that eases customer experience whilst carrying out various activities on the site, including electronic banking, it said in a press statement on Monday. Dr. Adesola…

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FirstBank convenes webinar on information security Friday

FirstBank unveils FirstSME account for small businesses

FirstBank convenes webinar on information security Friday     FirstBank of Nigeria Limited, Nigeria’s leading financial inclusion services provider has announced a webinar to sensitise individuals and businesses with useful information on being protected in today’s digital age. The virtual event is scheduled to hold by noon on Friday, 16 April 2021 with “Staying Protected Amidst the Pandemic Chaos” being the topic to be discussed at the event. According to a statement from the lender, registration for the event is ongoing via the link https://firstbanknigeria.zoom.us/webinar/register/WN_PUnqA7enTMG8o0OfOaWxlg The bank explained that today’s…

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FirstBank disburses N58bn credit to female entrepreneurs, professionals

FirstBank

FirstBank disburses N58bn credit to female entrepreneurs, professionals     Nigeria’s oldest financial institution, First Bank of Nigeria Limited has disclosed that it gave out N58 billion in loans to female entrepreneurs and professionals in Nigeria in 2020. Adesola Adeduntan, the chief executive officer of FirstBank stated this while speaking at the First Gem Annual Conference 4.0. on Wednesday, wheren he highlighted initiatives designed by the bank to encourage wealth creation and financial independence for women Adeduntan stressed that support for business aspiration of the female gender is very paramount…

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FirstBank promotes cross border payments in Sub Sahara Africa with First Global Transfer

FirstBank launches a new corporate website

FirstBank promotes cross border payments in Sub Sahara Africa with First Global Transfer   The Bank’s subsidiaries in Africa include FBNBank DRC, FBNBank Ghana, FBNBank Gambia, FBNBank Guinea, FBNBank Sierra-Leone, FBNBank Senegal. The First Global Transfer (FGT) initiative is specifically designed to ensure safe, timely and improved efficiency in the transfer of funds across the network of FirstBank subsidiaries in Africa. The FGT is not restricted to FirstBank and FBNBank Customers alone but it is also open to every individual resident in the country the funds transfer is originating from.…

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Naira 4 Dollar: FirstBank begins execution to pull diaspora remittances

Augusto predicts rebound in Nigeria’s diaspora remittances to hit $22bn

Naira 4 Dollar: FirstBank begins execution to pull diaspora remittances   First Bank of Nigeria Limited, Nigeria’s leading financial inclusion services provider is rewarding customers with N5 for every dollar received through foreign remittances. It said today that the N5 for a dollar incentive is paid to FirstBank’s customers regardless of their preference to collect the USD as cash across the counter in any of the Bank’s over 750 branches nationwide or as transfer into the customers domiciliary accounts. The reward to customers is in line with the Central Bank…

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

Information Security

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

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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