BY ALEX OTTI This week marks the celebration of the 125th anniversary of the existence of the First Bank franchise in Nigeria. This stands the bank out as one of the earliest institutions established …
Microsoft, First Bank push digital transformation of SMEs
Multinational technology giant, Microsoft, has teamed up with First Bank in a partnership that will assist Small and Medium Enterprises (SMEs) in Nigeria to adopt digital transformation of their busin…
Shell signs $200m with UBA to help local contractors access project finance
Royal Dutch Shell Plc’s Nigerian unit agreed a $200 million deal with United Bank for Africa Plc to help its local vendors and suppliers access project finance. According to Bloomberg, the latest deal…
Bill Gates Becomes The Second Person To Join The $100 Billion Club
Bill Gates has followed Jeff Bezos to become the world’s second ‘centi-billionaire’ after his fortune reached the $100 billion threshold. According to Bloomberg, which tracks the wea…
FG to cut stakes in JV with Shell, Chevron, others
The Federal Government plans to cut its stakes in joint oil ventures with international oil companies to 40 per cent this year, the Minister of Budget and National Planning, Senator Udo Udoma, has sai…
CBN sets N50m capital for Tier 2 microfinance banks
The Central Bank of Nigeria has introduced a Tier-based system for unit microfinance banks in the country. The apex bank also adjusted the time frame given to the different categories of microfinance …
Access Bank and Diamond Bank get final approval to merge
The Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC), have both granted Access Bank Plc and Diamond Bank Plc the final approval to merge. Both banks disclosed this in a j…
Africa’s Richest Man Makes a $17 Billion Bid for Immortality
Aliko Dangote’s plan to reduce Nigeria’s dependency on fuel imports will carve out an even bigger slice of the nation’s $376 billion economy for his empire. The best way to appreciate the scale of Ali…
125 YEARS ANNIVERSARY: FIRSTBANK HOLDS RELAY WALK, PLEDGES COMMITMENT TO TEAMWORK, SERVICE DELIVERY, VALUE CREATION
By Eric Elezuo Nigeria’s premier Bank, First Bank of Nigeria Limited, has reiterated its commitment to continue to provide quality services to its over 15 million customers, create value and exhibit w…
Five Fintech Payment Start-Ups to Watch in 2019…FinTech companies have cut a swathe across the market, eating up chunks of the traditional banking domain
Volatility is an all too common feature of the financial services sector. Mainstream banking services have suffered a loss of market share to blockchain tech in the form of cryptocurrency services, an…