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Nigeria’s premier financial services provider and Bank of first choice, First Bank of Nigeria Limited has announced that its Firstmonie network has processed a cumulative transaction value of N1 trillion from its relaunch in January 2018. The network also achieved nationwide coverage in record time, enabling access to financial services for many locations that never had a way for its residents to access financial services. This is in line with the Central Bank of Nigeria (CBN)’s objective of bringing banking services close to all Nigerians, irrespective of where they live.
FirstBank’s Firstmonie service provides financial/banking solutions to rural and semi-urban locations across the country, such as account opening, cash deposit, cash withdrawals, airtime purchase, bill payments and much more. Through this channel, the Bank is committed to providing convenient services that endears trust and provides ease of access to banking products, thereby saving time and travel costs for users of our network.
According to Dr. Adesola Adeduntan, the Chief Executive Officer, First Bank of Nigeria Limited; “The Firstmonie scheme is supporting the Federal Government’s empowerment and job creation agenda as over 22,000 Nigerians, through this scheme, contribute to the increased economic activities of their neighborhoods. Our partner network is growing and we are particularly delighted about the progress we are making in actively driving nationwide Financial Inclusion, exposing communities to opportunities for growth, jobs, empowerment, and improved live conditions. Yet again, we are delighted to score another first in promoting financial inclusion in the country.”
“We appreciate our partner network and remain committed to working together to achieve even greater impact on the lives of Nigerians”, he concluded
About FirstBank

Abdoul Aziz Dia Joins the Group Board of Directors of UBA

 The UnitedBank for Africa(UBA) announced today that Mr Abdoul-Aziz Dia will join the bank’s Board of Directors subject to the approval of the Central Bank of Nigeria.

Shareholders commend FBNHoldings & believe the future is bright

The shareholders of FBN Holdings Plc have been assured of brighter future and enhanced dividend at the 7th Annual General Meeting (AGM) in Lagos.

Dangote Refinery will be game-changer to Nigerian Economy

In the next three months, production activities will commence in the multi-billion dollar Dangote Refinery and Petrochemical complex situated in the Ibeju-Lekki axis of Lagos State, with the train one of the fertiliser plants expected to come on stream. But even as that historical day approaches, the project is already adding value to the lives of Nigerians through skills acquisition, jobs and wealth creations. The project on completion will change the dynamics of the Nigerian economy

First Bank: Still Standing Gidigba 125 Years After

This week marks the celebration of the 125th anniversary of the existence of the First Bank franchise in Nigeria. This stands the bank out as one of the earliest institutions established in West Africa, and obviously, one of the handful still in existence today.

Dangote launches ‘BlocMaster’ for cement moulders

Builders and other stakeholders have lauded the BlocMaster Cement which was formally launched by Dangote Cement PLC yesterday in Kano, Kano State, describing it as extra strong and the best for block moulding in Nigeria.

Top 50 Brands: Dangote Now The Most Valuable Brand In Nigeria

Dangote has emerged as the most valuable brand among the top 50 brands in Nigeria for 2018 unveiled at the weekend in Lagos. This is coming barely three months after the brand was adjudged the most admired brand of African origin by Consumers in a brand rating coordinated by South Africa based Brand Leadership in conjunction with Johannesburg Stock Exchange (JSE)   
The Board of Directors of the United Bank for Africa is pleased to announce the appointment of four new members to its board, subject to the approval of the Central Bank of Nigeria(CBN).

Manufacturing is key to economic growth, development- Dangote

Executive Director of the Dangote Group, Hajiya Halima Aliko-Dangote has urged millennials in Nigeria and across Africa to diversify from service-oriented enterprises to manufacturing and agriculture in a bid to fast-track the development of the continent and better life for its nationals.
Temile Development Company Limited; an indigenous shipping company operating in the Nigerian oil and gas industry, has signed a ship building contract with South Korean shipbuilder; Hyundai Heavy Industries Limited to build one firm and one optional Liquefied Petroleum Gas (LPG) carriers. Both vessels are valued at over $120m with the first carrier expected to be delivered by the first quarter of 2020.

Editorial: Nigeria @ 60 - Divided We Stand…

Predictably, President Muhammadu Buhari like his predecessors, will used the yearly commemoration of the nation’s independence to trumpet the achievements of his administration over the last five years, with bogus claims that the country has made significant progress in various sectors of the economy. But given the terrible scenario playing out in the country, manifested in rising insecurity, mass poverty, high corruption, gross official recklessness and near zero governance, it is no surprise that the Nigerian ship of state is rudderless and adrift. There is hardly any aspect of governance that cannot be faulted for incompetence. All things considered, if October 1 calls for celebrations, the failure of leadership, particularly at the center, which has resulted in shattered hopes, broken promises and unfulfilled aspirations, demands only one thing: sober reflection. Independence in 1960 created a groundswell of euphoria, hope and faith in the Nigerian project. It is indeed sobering that, 60 years later, the anticipated gains of nationhood envisaged by the founding fathers are still being awaited. As the nation marks its 60th independence anniversary, it is not too late for Nigerians leaders, to change and make democracy work for the Nigerian people. Too much pain has been inflicted and now is the time for Nigerian leaders at all levels to focus more on the Nigerian promise – notably what is standing in the way of realizing that promise that, though tongue and tribe may differ, in brotherhood we stand.

INEC and the challenge of free, fair and credible elections

The success of the recent Edo gubernatorial election notwithstanding, it is just as well that the Chairman of the Independent National Electoral Commission (INEC), Prof. Mahmoud Yakubu, has read the riot act to INEC officials ahead of the October 10 governorship election in Ondo State where the incumbent Governor, Oluwarotimi Akeredolu of the ruling All Progressives Congress (APC) is facing a battle on two fronts; first against his deputy Governor, Agboola Ajayi, who is running on the platform of the Zenith Labour Party (ZLP) and Eyitayo Jegede, of the main opposition Peoples Democratic Party (PDP). If there is any comfort to draw from the Edo election, it is probably that amid all the doomsday scenarios with allegations of plots of rigging and threats of violence; and after putting the nation on edge, INEC acquitted itself honorably and transparently and announced Godwin Obaseki as the winner, triggering a gale of congratulatory messages, including, surprisingly, from President Muhammadu Buhari whose message and subsequent comments had the sinister inference of self-congratulations, “for ordering the IGP to ensure the Edo poll was free in order to protect democracy.” The President’s comments were both comforting and distressing, given the increasing militarization of the electoral process which has now gone beyond the bounds of impartiality and decency.
The jaw-dropping revelations on the quantum of corruption that has become the trademark of the Niger Delta Development Commission (NDDC), and the alleged involvement of lawmakers may be sordid and disgraceful, but it is pertinent to admit that the scandalous extra-budgetary and financial malfeasance to the tune of N81.5 billion currently rocking the NDDC has been masterminded by a son of the Niger Delta region in the person of the talkative and eccentric Niger Delta Affairs Minister, Godswill Akpabio; who must be held accountable for the stench of corruption oozing out of the embattled agency. The belated attempt to shift responsibility to lawmakers, alleged to have benefitted from NDDC contracts is a well-contrived distraction by Akpabio, who is yet to explain how a whooping N81.5 billion was spent in four months under his watch; whereas no new contract was awarded. How can the minister convince any well-meaning Nigerian that he was unaware of the scandalous and suffocating perquisites appropriated by NDDC staff and their cronies? Granted that there is no honor among thieves, Akpabio cannot exonerate himself simply by blaming lawmakers for his own profligacy. As the supervisory minister of the NDDC, the buck stops on his desk!
The controversial decision by the House of Representatives to sue the Minister of Niger Delta Affairs, Godswill Akpabio, for criminal perjury and civil defamation, was bizarre and laughable to say the least; and certainly a sad commentary on the Nigerian legislature; to which much has been entrusted and from which much is expected. Shortly after House Speaker, Femi Gbajabiamila, announced Thursday, that he has instructed the Clerk to retain lawyers to commence perjury proceedings against Akpabio for ignoring the House’s request to name lawmakers in the 9th National Assembly he alleged were beneficiaries of 60% of contracts in the Niger Delta Development Commission (NDDC), the Minister backpedaled on his claims, stating in a letter to lawmakers that he was misquoted. Public confidence in the legislature has been on the decline and it appears to have reached the nadir as lawmakers can no longer be trusted with oversight of the executive branch, let alone act in the public interest. It is an open secret that lawmakers routinely deploy their oversight powers as weapons of blackmail and intimidation against Ministries, Departments and Agencies (MDAs) with which they have an incestuous relationship. This is a textbook definition of corruption - abuse of public office for personal gain. This gluttony by lawmakers is an unbelievable shame that qualifies as a case study in selfishness. Nigeria is now a victim of her corrupt, avaricious, inept, clueless and lawless legislooters.