The Ministry of Finance, Budget, and National Planning has put the expenditure ceiling of the 2021 pre-bilateral proposal for the Presidency at N10 billion against the N15.3 billion of the revised 2020 budget passed by the National Assembly. This was…
FIRSTBANK PROMOTES CAREER DEVELOPMENT OF STAFF, GRADUATES THIRD SET OF ITS SENIOR MANAGEMENT DEVELOPMENT PROGRAMME (SMDP) PARTICIPANTS
First Bank of Nigeria Limited, Nigeria’s leading financial inclusion services provider, has graduated 12 successful candidates in the third edition of its Senior Management Development Programme (SMDP). The graduation ceremony held virtually, via the Zoom video conferencing platform on Wednesday,…
Regulation of digital lending in Nigeria
It is widely acknowledged that there are limited funding sources for entrepreneurs in emerging economies, such as Nigeria. Traditional financing usually comes with high-interest rates and collateral security. Consequently, alternative financing options, such as peer-to-peer lending and crowdfunding, have grown…
President Buhari approves N13.3 billion for Community Policing in Nigeria
President Muhammadu Buhari had, on Thursday during the NEC meeting, approved the sum of N13.3 billion to launch the Community Policing scheme in Nigeria. This was disclosed by the aide to the Vice President Yemi Osinbajo, Laolu Akande in a…
FIRSTBANK’S FMAP GRADUATES INAUGRAL SET OF MANAGEMENT ASSOCIATES
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 on Tuesday, 30 June 2020 via the Zoom video conferencing application. The programme…
Inside the wave of disruption sweeping Nigeria’s sluggish insurance industry
Slowly, disruption is coming to Nigeria’s sluggish insurance industry. “A few years ago or traditionally, how long do you think it would take us to insure 1 million people?” Jim Ovia, one of Nigeria’s veteran bankers asked an audience in March. “40…
COVID 19: FIRSTBANK CHOOSES TO SOLVE EDUCATION CHALLENGES FACING PARENTS
Press Release 25 03 2020 The CEO of FirstBank Dr. Adesola Adeduntan has announced that the Bank in partnership with government and other stakeholders is extending its attention to immediate needs in our society in the face of the…
CORONAVIRUS: FIRSTBANK DEPLOYS MEASURES TO PROTECT EMPLOYEES, CUSTOMERS AND OTHER STAKEHOLDERS
Nigeria’s leading financial inclusion services provider, First Bank of Nigeria Limited, has announced proactive measures it has taken to control the spread of the COVID – 19 (Coronavirus) pandemic. The Bank’s Group Head, Marketing & Corporate Communications, Folake Ani-Mumuney, said…
FIRSTBANK TAKES ITS SMES BUSINESS CLINIC TO PORT-HARCOURT AND ABUJA
PRESS RELEASE Lagos, 21 February 2020; In recognition of the significant role SMEs play in achieving sustainable growth and development in the economy of the country, Nigeria’s premier and leading financial services provider, First Bank of Nigeria Limited would host…
KPMG REPORT: FIRSTBANK REINFORCES RETAIL BANKING DOMINANCE, CREATES 150,000 INDIRECT JOBS
By Collins Nweze The unbanked and underbanked, two groups at the centre of retail banking, need to be captured for the financial system to achieve its full potential. The KPMG Nigeria Banking Industry Customer Experience Survey says customers have expectations…