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 […]
BANKING
Adeduntan Sustains His Winning Streak, Pioneers Leadership Excellence In Banking Dr. Adesola Adeduntan has entirely changed the financial institution since being named MD/CEO of First Bank of Nigeria Limited in 2016 and has made it appealing to all societal strata. FirstBank has transformed from a company that was once thought […]
Lagos, Nigeria, 10 June 2022- Access to credit, in order for SMEs to effectively grow and contribute to the economy, is critical. And, in order to give this much-needed access, a determined effort must be made to provide them with the means of earning the revenue required to be financially […]
In response to the need to empower female business owners across the country, The ELOY Foundation, in collaboration with FirstBank, presents the ELOY Foundation Business Shower, designed to assist female entrepreneurs on their path to developing sustainable businesses. FirstBank’s assistance will be provided through the FirstGem loan scheme for female-owned […]
13 June 2022 – African Export-Import Bank (Afreximbank) has announced the disbursement of a US$150 million finance facility to First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider. The funding was provided under Afreximbank’s Pandemic Trade Impact Mitigation Facility (PATIMFA). Afreximbank’s US$150 million financial support will be […]
FirstBank delighted investors with a pleasant surprise when it announced stellar results confirming that its turnaround strategy pinned on the pillars of innovation, resilience and digging deep is working. Its profit after tax spiked 108% to N32.4billion on the back of massive loan recoveries and a sharply lower level of […]
With a significant reduction in its impairment charges (which translates into a clean loan book) in its 1Q, 2022 results, after successfully reducing its non-performing loan to 6.1% in its 2021 full year performance, analysts say FirstBank’s impressive performance in the first quarter not only demonstrated consistency in its rebound […]
As financial market analysts digest FirstBank Limited’s 2021 financial results, which they say reflect the banking conglomerate’s return to its leadership position, Festus Akanbi writes that the robust performance represents a regime of strong fundamentals, which is in tandem with the ongoing restructuring being overseen by the company’s current board […]
FirstBank has launched a promotion in cooperation with Interswitch to reward users of the FirstMobile app, its industry-leading mobile banking application. FirstMobile Cash-out is the name of the promotion. The promotion will last three months. The promotion, which began on Monday, March 21, 2022, will end on Tuesday, June 21, […]
As MTN leadership visits the CBN Governor Following the Central Bank of Nigeria’s (CBN) final approval for a Payment Service Bank (PSB) licence, MTN Nigeria’s fintech subsidiary, MoMo Payment Service Bank (MoMo PSB) Limited, legally began operations today. This comes after a successful pilot that began on May 16, 2022, […]