Business Archives

FirstBank, driving dollar remittances, economic growth via IMTOS

Dec 27, 2021 topnews

By Chinwendu Obienyi For centuries, there have been heated debates over the sources of economic growth in developing economies and why some countries reflect strong economic growth compared to others. The hypotheses have often centred around crude oil, agriculture, revenues, private capital, bubbling stock market, stable security, low unemployment rate, high standard of living amongst others. But in recent times, one factor that has been added to this list is diaspora remittances as it is one of the major international financial resources, which sometimes exceed the flows of foreign direct…

FIRSTBANK DECEMBERISSAVYBE: Top 11 events to rock your December

Dec 24, 2021 topnews

Whenever the conversation is on financial inclusion in Nigeria, FirstBank leads the pack. With over 150,000 banking agents, a full digital banking centre and other innovative solutions, the nation’s premier bank is surely doing a great job connecting Nigerians with access to convenient banking products and services. But that’s not all. FirstBank is also enabling Nigerians to have the best of the yuletide and holiday season year in year out. The bank is aiding its customers to create exciting memories and enjoy fun time with family and friends through their…

FirstBank: Unlocking wealth in salary account

Dec 22, 2021 topnews

Kayode Tokede examines ways monthly salary earners with FirstBank accounts can benefit from the lender’s numerous loans initiatives amid harsh economy In time past, monthly income earners – especially bank customers – were unable to have quick access to personal loans to meet their immediate financial needs due to the stringent conditions. The Central Bank of Nigeria (CBN) had introduced the Know-Your-Customer (KYC), among other policies, to enhance financial inclusion and reduce the incidence of related identity fraud in the banking sector. These have enhanced the capabilities of banks to…

FIRSTBANK UNVEILS 2021 DECEMBERISSAVYBE CALENDAR, REINFORCES ITS COMMITMENT TO ENABLING DREAMS

Dec 19, 2021 topnews

In the spirit of providing enabling opportunities for families of its customers and other stakeholders to come together to celebrate, live better and achieve their dreams, FirstBank – through its yearly DecemberIssaVybe campaign – has unveiled the 2021 calendar of events as it reiterates its impact on the arts and entertainment industry. The campaign which started in 2018 has been making waves across the cities in the country and Nigerians across ages have started Vybing, enamored in excitement. The 30-day activity loaded event include musical shows and concerts, comedies, fashion,…

NTDC DG Folorunsho Coker Attends UNWTO General Assembly In Spain …as Nigeria gets readmitted as affiliate member

Dec 18, 2021 topnews

The Director General of the Nigerian Tourism Development Corporation (NTDC), Mr. Folorunsho Coker was a participant at the just concluded General Assembly of the United Nations World Tourism Organization (UNWTO) where the Corporation was readmitted as an affiliate member of the organization. The UNWTO General Assembly took place in Madrid, Spain from November 30 to December 3, 2021. Recall that NTDC was removed from affiliate membership of the organization over non-payment of membership dues by previous Director’s General of the Corporation. It was however, gathered that NTDC, under the leadership…

UBA takes over disco as power sector privatisation records major loan default

Dec 9, 2021 topnews

the Federal Government has given it’s endorsement to the United Bank for Africa Plc to take over the majority stake in the Abuja Electricity Distribution Company. Minister of Power, Abubakar Aliyu, announced this on Wednesday. Aliyu said the Deposit Money Bank had to take over the power firm due to the inability of the AEDC’s major investor (Kann Consortium) to effectively service the loans obtained from UBA when it acquired the Disco in 2013. UBA had acted as the mandated lead arranger, underwriting $122m (about N20bn then) for Kann Consortium’s…

Access Bank, IFC support 100 female entrepreneurs across Africa with $22,000 Grant

Dec 9, 2021 topnews

Access Bank Plc and the International Finance Corporation (IFC) have empowered 100 female entrepreneurs across Africa who graduated from the bank’s ‘W’ Womenpreneur pitch-a-ton Africa initiative. The initiative, which is the third installment saw participants go through a mini Masters in Business Administration (MBA) programme by the International Finance Corporation (IFC), a member of the World Bank Group and the top 5 finalist were given a grant of $22,000. This year’s program had over 37,000 applications which was later pruned down to 100 participants span across Africa where Access Bank’s…

Partnership Investment Company’s MD in N56 million fraud

Dec 9, 2021 topnews

A Federal high court sitting in Lagos, has adjourned till 2nd of February,2022 for the continuation of trial, the case of a Lagos businessman, Victor Ogiemwonyi and his company Partnership Investment alleged to have swindled a Lagos business man to the tune of N56million In a one count amended charge filed before the court by the Head/Legal Prosecution section, of the Nigeria Police Special Fraud unit, Chief Superintendent of Police, Barrister E.A. Jackson, it was stated thus: That you, Victor Ogiemwonyi (Managing Director, Partnership Investment Company Ltd and Partnership Investment…

FirstBank DecemberIssaVybe: Showing Kindness as You Vybe

Dec 9, 2021Dec 9, 2021 topnews

The roof is already getting raised with #FirstBankIssaVybe, #DecemberIssaVybe campaigns. With FirstBank, it is always a total experience of being woven into the fabric of society from banking at its finest, to music, fashion, arts, and sports. Across the spectrum of human endeavour, FirstBank stands tall behind its over 32 million customers and counting. As FirstBank makes every day a vybe every December, it is also passionate about ensuring that everyone vybes with kindness. This is in sync with the words of Maurice Elias, Professor of Psychology, “without kindness, our…

HAVING A FIRSTBANK SALARY ACCOUNT CAN EASE YOUR MONEY PROBLEMS, FIND OUT HOW…

Dec 5, 2021Dec 5, 2021 topnews

“There is always a lot to spend money on, and sometimes the bills can’t wait for the salary to be paid” Tope complained when his wife informed him that they had run out of cooking gas and had to refill. He had just moved to a new location with his family and the bills seemed to be coming at such speed that he could hardly keep up. Barely three weeks in the new apartment, the electricity bill had arrived. The new apartment was bigger than the last and…