Business Archives

FIRSTMONIE AGENTS TRANSACT OVER 1 BILLION TRANSACTIONS, REINFORCES FIRSTBANK’S LEADING ROLE IN PROMOTING FINANCIAL INCLUSION IN NIGERIA

Aug 4, 2022Aug 4, 2022 topnews

•The Bank’s Firstmonie Agents play a critical role in promoting financial inclusion in the country •The Bank currently has over 180,000 Firstmonie Agents spread across 772 Local Government Areas in Nigeria •Since 2020, FirstBank has economically empowered thousands of its Firstmonie Agents with over 100 billion naira credit facility First Bank of Nigeria Limited, Nigeria’s premier and leading financial services provider has announced that its agent banking network – Firstmonie Agents – spread across the nook and cranny of the country has collectively processed transaction volume in excess of…

2022 Half-Year: Wema Bank’s impressive financial performance excites shareholders

Aug 2, 2022 topnews

Wema Bank Plc, pioneer of Africa’s first fully digital bank and one of Nigeria’s most resilient banks, has posted a growth performance across all financial indices in the First-Half of its 2022 operations. This information is contained in the Financial Results for the Period Ended 30 June, 2022 released in Lagos on 28 July, 2022. In the report, the bank recorded an increase of 50 percent in its Gross Earnings from the ₦39.82 billion it recorded in H1 of 2021 to ₦59.59 billion. It also grew its Interest Income by…

FIRSTBANK: Leveraging digital banking solutions for excellent performance

Jul 18, 2022 topnews

In First Bank of Nigeria Limited, virtually all the indices are looking bright. From a stellar performance in its last year and first quarter of 2022 operations to the unleashing of its robust digital banking solutions in its operations, analysts say its current management deserves accolades for preparing the bank for the challenges and changing needs in the emerging dispensation in the Nigerian banking industry. As competition mounts in the ever-changing Nigerian banking landscape, analysts said the future of the industry will be determined by the speed and readiness of…

Why women’s involvement in tech industry is imperative -Adeniyi

Jul 4, 2022Jul 4, 2022 topnews

With growing concern over the participation of women in the tech industry, it has become imperative to establish a roadmap that will help draft more women into the sector. Speaking recently at the 2022 edition of SheCan Conference in Lagos, the Chief Digital Officer of Wema Bank Plc, Mr Olusegun Adeniyi identified various areas where women can take part in the growing digital economy to stem the current female underrepresentation in the sector. Speaking on the subject, “She can do more in technology,” Mr Adeniyi said more women’s participation would…

FIRSTBANK STARTS SINGLE-DIGIT LOAN FOR WOMEN-OWNED BUSINESSES, REINFORCES ITS ROLE IN STRENGTHENING GENDER INCLUSION IN NIGERIA

Jul 1, 2022 topnews

The FirstGem fund (FirstGem loan) is a single-digit loan scheme, exclusively designed to put women at an advantage in contributing to the socio-economic development of the country. The loan scheme covers female-owned or partnered SMEs in various sectors of the economy Launched in 2016, FirstGem has been impactful in driving financial inclusion, influencing women’s empowerment through gender-advancement programmes like savings culture, financial literacy, wealth management and building an investment portfolio. In furtherance of its role in promoting female entrepreneurship across the country, Nigeria’s premier banking institution and leading financial inclusion…

Fitch Upgrades Fidelity Bank’s issuer default rating from ‘B-’ to ‘B’

Jun 29, 2022 topnews

Fitch Ratings has upgraded Fidelity Bank Plc’s long-term issuer default rating (IDR) from ‘B-’ to ‘B’, reflecting the bank’s increased creditworthiness. The rating agency also upgraded Fidelity’s National Long-Term Rating to ‘A(nga)’ from ‘BBB+(nga)’. According to the global rating agency, the upgrade is a result of the Bank’s improving business profile and resilient financial metrics. The agency added that the improved rating reflected the bank’s increased creditworthiness relative to other issuers in Nigeria, emphasizing that, “Fidelity’s Long- and Short-Term IDRs are driven by its standalone creditworthiness, as expressed by its…

Fidelity Partners ImpactHER to support 1,052 Female Entrepreneurs with Sales Skills

Jun 28, 2022 topnews

Fidelity Bank, a leading financial institution in Nigeria, has collaborated with ImpactHER to support 1,052 female entrepreneurs across the 36 states of Nigeria in addressing the challenges they face in their small and medium-sized businesses. Through diverse training on digital skills and direct business support, beneficiaries from two cohorts have been able to improve visibility for their businesses and consequently, increase sales. The training, which commenced in January 2022, has had two cohorts that lasted for four weeks each, covering a myriad of topics such as Digital marketing, building your…

ADEDUNTAN SUSTAINS HIS WINNING STREAK, PIONEERS LEADERSHIP EXCELLENCE IN BANKING

Jun 24, 2022 topnews

Since his appointment as MD/CEO of First Bank of Nigeria Limited in 2016, Dr. Adesola Adeduntan has completely transformed the financial institution and has made it attractive to every strata of the society. From an institution that used to be perceived as an old-generation bank, FirstBank is now a darling to all as it leverages latest digital tools to meet its customers’ needs. Also, under Adeduntan’s leadership, the 128-year old bank has made huge contributions to national development, thereby stimulating development, setting standards and motivating excellent output across sectors. Clearly,…

Fidelity Bank Renovates Classroom Blocks, Commissions ATM Gallery In Zaria to Drive Financial Inclusion

Jun 21, 2022 topnews

Leading financial institution, Fidelity Bank Plc, recently commissioned the newly renovated Madrasatul Anwarul Islam school in Zaria, Kaduna State as part of its Corporate Social Responsibility (CSR) initiatives targeted across Nigeria. Established over five decades ago by the emir’s father, late Maga in garin Zazzau, Alhaji Nuhu Bamalli, Madrasatul Anwarul Islam is the alma mater of the current Emir of Zazzau and has produced several notable personalities in the country. The bank also inaugurated a state-of-the-art Automatic Teller Machine (ATM) gallery to drive financial inclusion within the community. Speaking at…

Nexus Project to transform job seekers to sustainable job creators …partners Henley Business School, Lagos Business School and Semicolon Africa

Jun 21, 2022 topnews

What is the Nexus Project? The Nexus is a virtual platform that de-isolates young entrepreneurs and connects them to an ecosystem of knowledge intervention and technical support services. It is designed to improve the chances of building sustainable businesses, thereby improving the conversion rate of job seekers into job creators and reducing the failure rate of start-ups in the context. The Nexus platform will have the following features: 1. The Investment Readiness Map (IRM) – a personalized mapping of enrolled entrepreneurs’ learner journey. It is a market-driven narrative articulating the…