Business Archives

THE 59TH FIRSTBANK LAGOS AMATEUR GOLF OPEN CHAMPIONSHIP TEES-OFF

Dec 30, 2020 topnews

Nigeria’s premier and leading financial inclusion services provider, First Bank of Nigeria Limited has announced that the 59th edition of its annually sponsored Lagos Amateur Golf Championship Teed-Off at the golf section of Ikoyi Club 1938 on Monday, 28 December 2020. The competition, which is one of the longest running international amateur events in the country is endorsed by the United State Golf Association (USGA) and the Royal and Ancient (R&A) of Scotland. Preceding the 2019 event, the golf tourney reached the notable milestone of being listed amongst the golf…

COVID-19: FIRSTBANK LAUNCHES ‘MASK UP, STAY SAFE” CAMPAIGN

Dec 23, 2020Dec 23, 2020 topnews

First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider has announced its ongoing digital campaign “Mask Up, Stay Safe” as part of its advocacy to encourage everyone to consciously protect one another against the COVID-19 pandemic. The digital campaign which is designed to employ a fun approach to urge and engage its stakeholders on the need to observe the safety and precautionary guidelines during the festive season is implemented using the Bank’s customised face mask filter on instagram, that is made of the bespoke FirstBank 125th…

FirstBank: The banking institution that re-engineers itself for dominance

Dec 18, 2020Dec 18, 2020 topnews

How do you describe an institution that has successfully raised people to greater heights in different walks of life, while it has continued to dominate it’s industry for 125 years, and still counting? A institution like a proud father that has produced Central Bank governor, traditional rulers, Directors of different banking institutions, top government appointees and captains of industries etc. This is the story of FirstBank; Nigeria’s pioneer bank that has continued to dominate the banking sector for over a century and quarter. Without doubt, this Bank was there when…

Buhari reopens four land borders

Dec 16, 2020 topnews

The Minister of Finance Budget and National Planning, Zainab Ahmed disclosed after a virtual meeting that, President Muhammadu Buhari on Wednesday has approved the recommendation of a committee for the reopening of four land borders with immediate effect, while others will be reopened in due course. According to her, other borders would be reopened before December 31, 2020. The president however said restriction on the importation of some commodities, like rice and other products would continue. Borders opened for now include Seme and Mfun borders in the Southwest, Ilela and…

BAFI Awards: FirstBank’s COVID-19 response sets the pace in CSR for other financial institutions

Dec 16, 2020Dec 16, 2020 topnews

By Aniekan Ezekiel From the publisher of BusinessDay, Frank Aigbogun’s welcome address at the recently held BusinessDay’s Banks and other Financial Institutions (BAFI) Awards came the following words: ‘The year 2020 has been a most interesting year. The economy and communities have been managed by disruptions imposed by COVID-19. Yet financial services have shown uncommon responsiveness and compassion towards customers and communities.’ Indeed, this has been an unusual year, no thanks to the coronavirus pandemic, but it has been a year defined as much by COVID-19 and its associated disruptions…

NCOY: FirstBank powers the Next Generation of Nigerian Innovators and Entrepreneurs

Dec 14, 2020 topnews

What did (the various territories that were later to be amalgamated into) Nigeria look like in 1894? How about a hundred years later in 1994? And what could Nigeria look like in the year 2094? History provides elaborate answers to the first two questions. Answers – accurate or near-accurate answers, that is – to the third, however, will rely entirely on the ability to predict/envision the future and work to invent and create the predicted future. With a continuing shining legacy of nation building – supporting innovative financial, commercial and…

LASG partners FirstBank to promote access to affordable healthcare

Dec 6, 2020 topnews

The Lagos State Health Management Agency (LASHMA), in its commitment to ensure that residents at the grassroots have access to affordable, effective and quality healthcare, has partnered with First Bank of Nigeria Limited to utilise its over 13,000 Firstmonie Agents as payment channels for the Lagos State Health Scheme (LSHS). The General Manager, Lagos State Health Management Agency (LASHMA), Dr. Emmanuella Zamba, made the disclosure during the flag off of the partnership in Alausa, saying that the partnership became necessary to facilitate ease of health insurance premium transactions for residents,…

Arik Air disengages 300 workers

Dec 4, 2020 topnews

THE management of Arik Air says it has disengaged 300 of its workers. Adebanji Ola, Arik corporate affair manager said the decision was owing to the economic impact of COVID-19 which has affected the airline from carrying out its routine maintenance on its aircrafts and limited revenues against operational costs. “Arising from the devastating impact of the COVID-19 pandemic, leading to the constrained ability of the airline to complete heavy maintenance activities and return its planes to operations, stunted revenues against increasing operational costs, the management of Arik Air (In…

Airlines increase airfares as operating costs rise

Nov 30, 2020 topnews

The cost of air tickets along several routes have doubled due to the high demand for air travel in light of the rising insecurity in the country and cost of flight operations. The increase in the air tickets has caused complainants as travellers lament how they had to part with large sums of money to purchase tickets. Some of the airlines complained that they could not access foreign exchange at the official rate while the Federal Airport Authority of Nigeria had increased its fees. It was gathered that, airlines are…

COVID-19: FIRSTBANK LAUNCHES NEXT-GENERATION ATM, SPEARHEADS INNOVATION IN ELECTRONIC BANKING IN NIGERIA

Nov 29, 2020 topnews

In the light of COVID-19, FirstBank has launched the FastTrack ATM, a Next Generation ATM and first of its kind in Africa, designed to promote financial activities on the ATM devoid of any form of physical interaction with the machine. The introduction of the FastTrack ATM which is done in partnership with Inlaks enables customers carry out cash withdrawals without having to touch the interface of the ATM. With the FastTrack ATM, widely referred to as Touchless Solution, the customer carries out the transaction by using his or her mobile…