First Bank of Nigeria Limited, Nigeria’s premier and leading financial services provider, has been awarded the 2021 ‘’Retail Banking CEO of the Year Nigeria’’, ‘’Most innovative Retail Banking App Nigeria’’ and ‘’Best CSR Bank Nigeria’’ awards by Global Banking and Finance magazine. The respective awards conferred on the Bank are[Read More…]
Business
Minister Reverses Earlier Directive on Sugar Importation from Free Trade Zone into Nigeria
Days after, sending out an earlier letter to the Minister of Finance, Zainab Ahmed prohibiting the importation of sugar from free trade zones, in Nigeria, the Minister of Trade Industries and Investment, Adeniyi Adebayo has backtracked and reversed himself. Adebayo, acting on a controversial petition written to him by the[Read More…]
FirstBank’s Firstmonie Agents Hits 100,000 – Impacting Hundreds of Thousands of Lives and Communities Across Nigeria.
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[Read More…]
FIRSTBANK CEO LISTS TECHNOLOGY, CAPACITY AS KEY FOR POST COVID-19 GROWTH
Dr Adesola Adeduntan, Chief Executive Officer, First Bank of Nigeria Limited said technology, innovation and enhanced capabilities have become necessary to achieve significant business growth in the post-COVID-19. Adeduntan made this remark on Thursday during a Digital Disruption Series webinar organised by the Surrey Business School of the University of[Read More…]
FIRSTBANK PROMOTES CROSS BORDER PAYMENTS IN SUB SAHARA AFRICA WITH FIRST GLOBAL TRANSFER
First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider, has announced the launch of First Global Transfer (FGT) to promote international transfer of funds across its subsidiaries in sub-Saharan Africa. The Bank’s subsidiaries in Africa include FBNBank DRC, FBNBank Ghana, FBNBank Gambia, FBNBank Guinea, FBNBank Sierra-Leone,[Read More…]
How Technology Can Aid Revenue Generation
It’s no longer news that the federal government is in dare need of revenue to deliver basic services to Nigerians. This need of the federal government has in a way put the revenue generation agency under pressure to deliver on promise. In fact, the federal government had at a time[Read More…]
Mixed Blessing of Rising Crude Oil Prices in Global market
It was reported in the news recently that, the international oil benchmark, Brent crude, rose further up to $67 per barrel, what strong likelihood of a further increase. For Nigeria, which relies on crude oil for about 50 per cent of government revenues and over 90 per cent of export[Read More…]
FIRSTBANK UNVEILS FIRSTSME ACCOUNT, REITERATES ITS COMMITMENT TO THE CONTINUED GROWTH OF SMES
First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider, has announced its SME specific accounts designed to reinforce the Bank’s role in putting SME’s at an advantage whilst contributing to national growth and development. The SME accounts – which are in two variants – FirstSME Classic[Read More…]
Inside Ban on Cryptocurrency
All over the world, people are still struggling to come to terms with the newly popular cryptocurrencies that have come into existence. 2017 was the turning point for these cryptocurrencies as prices soared higher which attracted investors without knowing the risk involved. A cryptocurrency is a digital token or asset[Read More…]
Firstbank Highlights Role Of SMES To Economu At EHINGBETI LAGOS SUMMIT
The Chief Executive Officer of First Bank of Nigeria Limited, Dr Adesola Adeduntan, has restated the strategic importance of small and medium enterprises SMEs to the growth and development of the national economy. Adeduntan said the path to the growth of Nigerian economy lies in growing the SME sector, and[Read More…]
Consumer TV
FG Revenue Rises 76% to N12.5tn, Fueled by Tax and Oil Gains — Budget Office
The Federal Government’s earnings have increased by 76 percent, rising from N7.1 trillion in 2022 to N12.5 trillion in 2023, due to higher taxes and oil revenues. This information was revealed in the recently released 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper from the Ministry of Budget and[Read More…]