Category: Business

FirstBank convenes Nigeria economic outlook webinar for 2022, sets the tone for deliberations on continued economic recovery and business impact    

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First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider has announced its “Nigerian Economic Outlook Webinar” convened to reflect national and global economic trends that shaped 2021, whilst forecasting the economic outlook of 2022.  The virtual event themed “A rearview look at 2021, lessons learnt-Outlook 2022” is scheduled by 1 pm on Thursday, 13th January 2022 via Zoom meeting. Click on the link  https://firstbanknigeria.zoom.us/webinar/register/WN_zrF8VViyTp6wnzED_3IpWw   to register and participate in the event. Registration is Free!!! The webinar aims to set the tone for the year by providing…

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FirstBank is resilient, stable and built for the Long haul -Adeduntan

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The Managing Director/Chief Executive Officer of First Bank Nigeria Limited, Dr. Adesola Adeduntan, last year saw his tenure extended as part of efforts to ensure the stability of the financial institution. In this interview with THISDAY, he speaks about the intervention of the Central Bank of Nigeria, the future of the bank, trends that shaped the economy in 2021, his expectations for 2022 and other pertinent banking sector issues. Excerpts… What is the level of the Central Bank of Nigeria’s involvement in First Bank? The central bank’s involvement in FirstBank…

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OY-ITC, BuyNaija in partnership for Houston Trade Show 2022

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The Organization of Youths in International Trade and Commerce, OY-ITC, has revealed that a trade mission to the USA, tagged the Houston Trade Show has been slated for February, 2022. The trade mission, in partnership with BuyNaija and the Federal Ministry of Industry, Trade and Investment is designed to share with the world the creativity and productivity of the Nigerian youths; supports the development and advancement of Nigerian youths in international trade and commerce; while consolidating the leadership capacities among young Nigerians. The OY-ITC is also collaborating with Committee of…

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FirstBank, driving dollar remittances, economic growth via IMTOS

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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…

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FIRSTBANK DECEMBERISSAVYBE: Top 11 events to rock your December

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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…

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FirstBank: Unlocking wealth in salary account

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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…

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

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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,…

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

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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…

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

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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…

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

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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…

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