FirstBank introduces contactless naira MasterCard

First Bank of Nigeria Limited has said the addition of contactless naira MasterCard to its array of debit cards will promote convenience, ease of transactions and the security of funds. FirstBank debit cards, according to a statement, are acceptable nationwide and globally, and can be used to withdraw cash and access value-added services including bills […]

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FirstBank ATMs dispense over ₦2.8 trillion in 2017

FirstBank of Nig. Ltd. says its Automated Teller Machines (ATMs) dispensed over ₦2.8 trillion from January 2017 to December 2017. The bank’s Group Head of E-Business, Mr Chuma Ezirim, said in a statement in Lagos on Monday that the bank also accounted for 37 per cent bill payment services on ATMs in the nation’s banking […]

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First Bank Nigeria

FirstBank improves Upgrades Internet Banking Solution

First Bank of Nigeria Limited has announced the upgrade of its internet bankingsolution- FirstOnline, with improved features to promote and safeguard the electronic banking experience of customers. The bank explained that the “user friendly and secure internet banking tool, which can be carried out on one’s computer or mobile devices,” was designed for both individual […]

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FBNInsurance recognised for ‘Best Life Insurance Company in Nigeria’

FBNInsurance has again won the World Finance Global Insurance Award as the Best Life Insurance Company in Nigeria, 2017. According to a statement from the firm, while acknowledging the massive influence of new technology and changing global economic outlook on the insurance industry in 2017, the organisers gave kudos to the winners for their resilience […]

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FirstBank drives financial inclusion with Firstmonie

First Bank of Nigeria Limited has continued to demonstrate its commitment to providing the best financial solutions to its customers and driving financial inclusion among the under-banked and unbanked populace. The bank launched agent banking services, on the refreshed Firstmonie brand, to provide customers access to banking services in areas where they live and work. […]

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Fitch places FBN Subordinated Notes on RWP, ratings may likely be upgraded

Fitch Ratings has placed First Bank of Nigeria’s (FBN) subordinated notes, which are rated ‘CCC’/’RR5′, on Rating Watch Positive (RWP). Placing a debt on RWP means that rating for the instrument may likely be upgraded. The FBN notes were issued through FBN Finance Company BV, a special purpose vehicle, which was established to provide funding […]

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First Bank joins World Savings Day celebration

First Bank of Nigeria Limited says it will be joining the rest of the world to commemorate the 2017 World Savings Day on Monday. As part of the activities lined up for the day, the bank said it would be taking its financial literacy campaign to 30 secondary schools across the six geo-political zones of […]

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Ibukun Awosika

First Bank Ibukun Awosika to deliver ARMTI’s 20th lecture in Kwara

The Chairman, First Bank of Nigeria Limited, Mrs. Ibukun Awosika, will on Friday deliver the 20th annual lecture of the Agricultural and Rural Management Training Institute in Ilorin, the Kwara State capital. Awosika will speak on ‘Promoting agripreneurship in the green alternative: A catalyst for national security and sustainable development,’ according to a statement by […]

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First Bank Nigeria

FirstBank partners NESG to host the 23rd Nigerian Economic Summit

As part of the continued commitment to drive thought leadership, policy influencing initiatives and sustainable national economic development, First Bank of Nigeria Limited has partnered The Nigerian Economic Summit Group to host the 23rd Nigerian Economic Summit (NES23) with the theme: ‘Opportunities, Productivity & Employment: Actualizing the Economic Recovery and Growth Plan’. The summit which […]

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Zenith Bank

Zenith Bank take 30% impairment on Etisalat loan

The Chief Executive of Nigeria’s Zenith Bank Plc, has said it has made a provision on 30% of its loan to 9mobile, the country’s fourth largest telecoms group formerly known as Etisalat Nigeria. The bank’s GMD, Mr. Peter Amagbo said: “We have taken about 30 percent … as a provision which we believe is very […]

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nigerian banks

DMBs to support SMEs with ₦26 billion

Deposit Money Banks (DMBs), yesterday announced the setting up of a projects review committee to oversee the disbursement of ₦26 billion equity funds for the Small and Medium Enterprises (SMEs) . Members of SMEs Projects Review Committee include the Managing Directors of GTBank, Zenith Bank, First Bank, UBA, Access Bank, FCMB, Unity Bank, CBN Director […]

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FirstBank unveils mVisa

Major financial institution, First Bank of Nigeria Limited has entered into partnership with Visa to launch the Mobile Payments Solution – mVisa. The payment solution allows customers pay for goods and services by scanning a QR code using a smart phone via the FirstMobile App. Payment goes straight from the consumer’s FirstBank account into the […]

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