FirstBank Collaborates with NESG to host the 23rd Economic Summit in Abuja

As part of the continued commitment to drive thought leadership, policy influencing initiatives and sustainable national economic development, First Bank of Nigeria Limited has partnered The Nigerian Economic Summit Group  to host the 23rd Nigerian Economic Summit (NES#23) with the theme: ‘Opportunities, Productivity & Employment: Actualizing the Economic Recovery and Growth Plan’.

The summit which is scheduled to hold at the Transcorp Hilton, Abuja from October 10 – 12, 2017, will highlight the significant role of public-private sector dialogue in national transformation. The event is projected to drive “consciousness and build national consensus on what is urgently required to rebuild, revamp and reinforce public-private dialogue for a collaborative and an all-inclusive economic growth”. It would also be a platform to articulate the Federal Government’s Economic Recovery and Growth Plan (ERGP) as well as drive stakeholders’ deliberation on the practical issues, opportunities, policies and regulations required to facilitate an enabling environment for the actualization of the much needed economic recovery and growth plan.

Mrs. Ibukun Awosika, Chairman, First Bank of Nigeria Limited will be hosting a dinner to deliberate on ‘Entrepreneurship and Employability’ in conversation with a panel of young people on the 2nd day of the summit, October 11, 2017. According to the MD/CEO, First Bank of Nigeria Limited and Subsidiaries, Dr. Adesola Adeduntan, “FirstBank would continue to support initiatives that would bolster enterprising conversations on nation building and development to stimulate structural and fiscal changes required to strengthen the Nigerian economy. The Bank has constantly collaborated with NESG in their mission to drive the agenda for a greater Nigeria as part of FirstBank’s thought leadership and policy influencing initiatives.”

His Excellency, President Muhammadu Buhari is expected to declare NES#23 open and lead the Insight session with eminent personalities and key captains of industries, while other sessions at the event would include the: Entrepreneurship and Employability Session; National Assembly Business Environment Roundtable; Start-Up Pitching and Venture Networking Session; and Policy Commission Breakout Sessions for relevant Ministries.

 

About FirstBank

First Bank of Nigeria Limited (FirstBank) is Nigeria’s premier and most valuable banking brand, and largest financial services institution by total assets and gross earnings. With more than 12 million customer accounts, FirstBank has over 750 branches providing a comprehensive range of retail and corporate financial services. The Bank has international presence through its subsidiaries, FBN Bank (UK) Limited in London and Paris, FBNBank in the Republic of Congo, Ghana, The Gambia, Guinea, Sierra-Leone and Senegal, as well as its Representative Offices in Johannesburg, Beijing and Abu Dhabi.

Since its establishment in 1894, FirstBank has consistently built relationships with customers focusing on the fundamentals of good corporate governance, strong liquidity, optimized risk management and leadership. Over the years, the Bank has led the financing of private investment in infrastructure development in the Nigerian economy by playing key roles in the Federal Government’s privatisation and commercialisation schemes. With its global reach, FirstBank provides prospective investors wishing to explore the vast business opportunities that are available in Nigeria, an internationally competitive world-class brand and a credible financial partner.

FirstBank has been named “Most Valuable Bank Brand in Nigeria” six times in a row – 2011, 2012, 2013, 2014, 2015, 2016 – by the globally renowned “The Banker Magazine” of the Financial Times Group; and “Most Innovative Bank in Africa” in the EMEA Finance African Banking Awards 2014. Recently, for the sixth consecutive time, the Bank clinched the “Best Retail Bank in Nigeria” award by The Asian Banker. Our brand purpose is to always put customers, partners and stakeholders at the heart of our business, even as we standardise customer experience and excellence in financial solutions across sub-Saharan Africa, in consonance with our brand vision “To be the partner of first choice in building your future”. Our brand promise is to always deliver the ultimate “gold standard” of value and excellence. This commitment is anchored on our inherent values of passion, partnership and people, to position You First in every respect.

 

Signed

Folake Ani-Mumuney

Group Head, Marketing & Corporate Communications

www.firstbanknigeria.com

cerebre
October 11th, 2017
Posted In: 2017 Press Releases

FBNHoldings Appoints Oluseye Kosoko Company Secretary as Tijjani Borodo Bows Out after 30 years of Meritorious Service

FBN Holdings Plc has announced the appointment of Oluseye Kosoko as Company Secretary subject to regulatory approval. In the same vein, Tijjani Borodo, the outgoing Company Secretary will still be around for the next few months to navigate a seamless transition for the substantive Company Secretary. Tijjani will be retiring after three decades of combined services to both First Bank of Nigeria Limited and subsequently FBN Holdings Plc, providing exceptional company secretariat and legal support to the Group.

 

Prior to Seye Kosoko’s appointment, he had served as Head of Legal and the Company Secretary, Standard Chartered Bank Nigeria Ltd; Managing Solicitor, Henley, Crankshaw Solicitors; Chief Legal Officer/Company Secretary, Econet Wireless Nigeria Limited (Now Airtel Networks); Citibank Nigeria, where he rose to the position of General Counsel/Company Secretary/ and pioneer Country Compliance Head, with oversight for Corporate Affairs. He worked as Tax Consultant at Price Waterhouse and was also one of the pioneer lecturers at the Faculty of Law, Lagos State University. He is a graduate of the University of Ife in 1984 and was called to the Nigerian Bar in 1985. He obtained his LL.M in 1987, from the University of Lagos.

 

According to the Group Managing Director of FBN Holdings Plc, UK Eke, Seye brings to bear on the Executive Management and Board of FBNHoldings UK over 25 years’ extensive experience in legal framework, company secretarial duties, and governance advisory.  He also stated that Tijjani will be missed as his exemplary dedication to the Group will remain one of the bright spots in the history of FBNHoldings. “We welcome Seye on board while we wish Tijjani many fruitful years ahead”.

 

Mr. Kosoko’s appointment is consistent with FBNHoldings corporate governance and succession plan that ensures that there is balance of knowledge and experience at the highest decision making levels of the Group.

 

fbadmin
October 9th, 2017

First Bank of Nigeria Limited, Nigeria’s most valuable bank brand has joined the rest of the world in felicitating with its customers on this year’s Customer Service week, acknowledging their immense contributions to the Bank’s success. The theme of the 2017 celebrations “Building Trust” is one that resonates with the Bank’s brand essence to remain the trusted partner, always striving to provide the best financial solutions and deliver to its stakeholders at all times.

The Bank through the years has demonstrated an understanding of its customers’ modern lives, wants, and needs and has continued to create bespoke and accessible offerings to support lifestyles and ensure convenience for its teeming customers. FirstBank has rolled out alternative channels of services to decongest the branches whilst improving speedy and efficient services. Some of these services include the *894# Quick Banking mobile solution and the Firstmobile banking application constantly updated with new and exciting features. *894# allows customers perform a wide array of financial and value added services instantly, using their mobile phones in the comfort of their homes, places of work and on-the-go. With Firstmobile, customers can always be assured of real-time mobile banking services and an exciting digital banking experience. The Bank was also the first to introduce ‘cash deposit’ ATMs in Nigeria as well as the first to begin the issuance of ATM cards in less than 15 minutes to further enhance convenience and speed in banking transactions for customers.

As part of the Customer service celebrations, FirstBank recently launched a new ultra-modern Head Office for its subsidiary, FBNBank Ghana to enhance service delivery in the Ghanaian market. The MD, FBNBank Ghana, Gbenga Odeyemi reiterated this at the commissioning of the building, stating that FBNBank is resolute in its passion to promote utmost growth and development for the people of Ghana.

Speaking on the Customer Service week, Folake Ani-Mumuney, FirstBank’s spokesperson stated that Customers are the reason for the Bank’s varied bundles of products to give them the advantage and take their business to the next level. “We know we are a favourite with our teeming customers who trust us with their funds and therefore it is not surprising that we serve over twelve million customers. Because of their support, we have been named the ‘Most Valuable Bank Brand in Nigeria’ six times in a row by the globally renowned ‘The Banker Magazine’ of the Financial Times Group and the Bank has also become the first financial institution in Nigeria and the West-Africa sub-region to issue 10 million payment cards to customers. We are thankful and remain committed to our customers as encapsulated in our tag line ‘You First’. Our brand promise is to always deliver the ultimate gold standard of value and excellence to all stakeholders and we would continue to strive for a better way of delivering first-class service and experience at all times.”

 

About FirstBank

First Bank of Nigeria Limited (FirstBank) is Nigeria’s premier and most valuable banking brand, and largest financial services institution by total assets and gross earnings. With more than 12 million customer accounts, FirstBank has over 750 branches providing a comprehensive range of retail and corporate financial services. The Bank has international presence through its subsidiaries, FBN Bank (UK) Limited in London and Paris, FBNBank in the Republic of Congo, Ghana, The Gambia, Guinea, Sierra-Leone and Senegal, as well as its Representative Offices in Johannesburg, Beijing and Abu Dhabi.

Since its establishment in 1894, FirstBank has consistently built relationships with customers focusing on the fundamentals of good corporate governance, strong liquidity, optimized risk management and leadership. Over the years, the Bank has led the financing of private investment in infrastructure development in the Nigerian economy by playing key roles in the Federal Government’s privatisation and commercialisation schemes. With its global reach, FirstBank provides prospective investors wishing to explore the vast business opportunities that are available in Nigeria, an internationally competitive world-class brand and a credible financial partner.

FirstBank has been named “Most Valuable Bank Brand in Nigeria” six times in a row – 2011, 2012, 2013, 2014, 2015, 2016 – by the globally renowned “The Banker Magazine” of the Financial Times Group; and “Most Innovative Bank in Africa” in the EMEA Finance African Banking Awards 2014. Recently, for the sixth consecutive time, the Bank clinched the “Best Retail Bank in Nigeria” award by The Asian Banker. Our brand purpose is to always put customers, partners and stakeholders at the heart of our business, even as we standardise customer experience and excellence in financial solutions across sub-Saharan Africa, in consonance with our brand vision “To be the partner of first choice in building your future”. Our brand promise is to always deliver the ultimate “gold standard” of value and excellence. This commitment is anchored on our inherent values of passion, partnership and people, to position You First in every respect.

 

Signed

Folake Ani-Mumuney

Group Head, Marketing & Corporate Communications

www.firstbanknigeria.com

cerebre
October 5th, 2017
Posted In: 2017 Press Releases

First Bank of Nigeria Limited has initiated a whole week of celebrating its Corporate Responsibility and Sustainability (CR&S) initiatives from September 25 – 29, 2017. The historical FirstBank CR&S week themed ‘Promoting Kindness; Putting You First’ would witness the culmination and consolidation of the Bank’s interventions in social responsibility, promoting random acts of kinds across communities in the six geo-political zones of Nigeria and FirstBank subsidiaries in United Kingdom and sub-Saharan Africa. The programme is a reflection of FirstBank’s brand promise to always put its customers first while it reinforces the Bank’s role in driving sustainable development in the communities where it operates.

The CR&S week is specially designed to reignite acts of kindness in our society and the events are tailored towards re-orientating the society along the right values; encouraging the citizenry to intentionally create positive impact in their immediate environment. One of the major highlights of the week has been dubbed the SPARK initiative – Staff Promoting Acts of Random Kindness. The week-long activities will see FirstBank’s employees give their time and resources to promote random acts of kindness within their communities, driving welfare through giving and visits to orphanage/less privileged homes and IDPs. The Bank would also hold career counseling sessions with secondary school students across the regions which would have staff coordinate impactful sessions that will inculcate financial literacy and inclusion in young students.

FirstBank’s CR&S Week is the first of its kind in the Financial Service industry in Nigeria and it would spotlight the Bank’s corporate citizenship interventions to drive positive impact across various communities all in one week. The Bank is encouraging people everywhere to step out of their comfort zones, perform a random act of kindness, post a picture and tag FirstBank on social media using the hash tag #FirstBankCRSWeek on Facebook – facebook.com/firstbankofnigeria; Twitter – @firstbankngr and Instagram – @firstbanknigeria

According to the Bank’s Group Head, Marketing & Corporate Communications, Folake Ani-Mumuney, the CRS week was mooted to stimulate a better society with random acts of kindness. “As an institution, we want to encourage the values of random kindness and we implore Nigerians and indeed everyone to go the extra mile to promote and celebrate kindness this week. Kindness does not have to be monetary but would always leave us with a better society we can all be proud of”, she enthused.

 

About FirstBank

First Bank of Nigeria Limited (FirstBank) is Nigeria’s premier and most valuable banking brand, and largest financial services institution by total assets and gross earnings. With more than 12 million customer accounts, FirstBank has over 750 branches providing a comprehensive range of retail and corporate financial services. The Bank has international presence through its subsidiaries, FBN Bank (UK) Limited in London and Paris, FBNBank in the Republic of Congo, Ghana, The Gambia, Guinea, Sierra-Leone and Senegal, as well as its Representative Offices in Johannesburg, Beijing and Abu Dhabi.

Since its establishment in 1894, FirstBank has consistently built relationships with customers focusing on the fundamentals of good corporate governance, strong liquidity, optimized risk management and leadership. Over the years, the Bank has led the financing of private investment in infrastructure development in the Nigerian economy by playing key roles in the Federal Government’s privatisation and commercialisation schemes. With its global reach, FirstBank provides prospective investors wishing to explore the vast business opportunities that are available in Nigeria, an internationally competitive world-class brand and a credible financial partner.

FirstBank has been named “Most Valuable Bank Brand in Nigeria” six times in a row – 2011, 2012, 2013, 2014, 2015 and 2016 – by the globally renowned “The Banker Magazine” of the Financial Times Group; and “Most Innovative Bank in Africa” in the EMEA Finance African Banking Awards 2014. Recently, for the fifth consecutive time, the Bank clinched the “Best Retail Bank in Nigeria” award by The Asian Banker. Our brand purpose is to always put customers, partners and stakeholders at the heart of our business, even as we standardise customer experience and excellence in financial solutions across sub-Saharan Africa, in consonance with our brand vision “To be the partner of first choice in building your future”. Our brand promise is to always deliver the ultimate “gold standard” of value and excellence. This commitment is anchored on our inherent values of passion, partnership and people, to position You First in every respect.

 

Folake Ani-Mumuney

Group Head, Marketing & Corporate Communications

www.firstbanknigeria.com

cerebre
September 25th, 2017
Posted In: 2017 Press Releases
FirstBank’s Customer Wins Grand Prize in Western Union Mega Promo

FirstBank’s Customer Wins Grand Prize in Western Union Mega Promo

First Bank of Nigeria Limited has announced that its customer has won the grand prize of the just concluded Western Union Mega Promo which took place from July 24 – August 31, 2017. The customer Gabriel Osikoya was presented with one of the brand new Hyundai cars offered as grand prize by Western Union last Friday. The second phase of the promo commences on Monday, September 18, 2017 and is for Customers who send money from Nigeria to over 200 countries and territories Worldwide from any of the over 750 FirstBank branches nationwide.

An elated Osikoya was thankful to FirstBank for creating the platform through which he accessed his Western Union transfers. Other FirstBank Customers also won 16 out of the 50 consolation prizes during the promo; representing 32% of the available prizes won by FirstBank customers.  This reaffirms the Bank as the leading Western Union money transfer operator in Nigeria.. FirstBank’s spokesperson, Folake Ani-Mumuney reiterated the Bank’s commitment to provide safe, convenient and flexible means of funds transfer for customers all year round.

With Western Union, customers can conveniently receive money from abroad and send money from Nigeria to over 200 countries and territories Worldwide. Also, the new Account Payment Network (APN) recently added to the Western Union Service allows customers send funds directly to bank accounts outside Nigeria using the outbound Western Union Service. FirstBank is the first and biggest Western Union agent in Nigeria with ample capacity to cater for both inbound and outbound transfers.

The Western Union service is available at FirstBank branches during the week, at weekends as well as on public holidays from some dedicated branches.

 

About FirstBank

First Bank of Nigeria Limited (FirstBank) is Nigeria’s premier and most valuable banking brand, and largest financial services institution by total assets and gross earnings. With more than 12 million customer accounts, FirstBank has over 750 branches providing a comprehensive range of retail and corporate financial services. The Bank has international presence through its subsidiaries, FBN Bank (UK) Limited in London and Paris, FBNBank in the Republic of Congo, Ghana, The Gambia, Guinea, Sierra-Leone and Senegal, as well as its Representative Offices in Johannesburg, Beijing and Abu Dhabi.

Since its establishment in 1894, FirstBank has consistently built relationships with customers focusing on the fundamentals of good corporate governance, strong liquidity, optimized risk management and leadership. Over the years, the Bank has led the financing of private investment in infrastructure development in the Nigerian economy by playing key roles in the Federal Government’s privatisation and commercialisation schemes. With its global reach, FirstBank provides prospective investors wishing to explore the vast business opportunities that are available in Nigeria, an internationally competitive world-class brand and a credible financial partner.

FirstBank has been named “Most Valuable Bank Brand in Nigeria” six times in a row – 2011, 2012, 2013, 2014, 2015, 2016 – by the globally renowned “The Banker Magazine” of the Financial Times Group; and “Most Innovative Bank in Africa” in the EMEA Finance African Banking Awards 2014. Recently, for the sixth consecutive time, the Bank clinched the “Best Retail Bank in Nigeria” award by The Asian Banker. Our brand purpose is to always put customers, partners and stakeholders at the heart of our business, even as we standardise customer experience and excellence in financial solutions across sub-Saharan Africa, in consonance with our brand vision “To be the partner of first choice in building your future”. Our brand promise is to always deliver the ultimate “gold standard” of value and excellence. This commitment is anchored on our inherent values of passion, partnership and people, to position You First in every respect.

 

Folake Ani-Mumuney

Group Head, Marketing & Corporate Communications

www.firstbanknigeria.com

cerebre
September 20th, 2017
Posted In: 2017 Press Releases

FBN Merchant Bank Limited and Lotus Financial Services Limited have been appointed as Joint Financial Advisers to the Debt Management Office (DMO) of the Federal Government of Nigeria on the inaugural FGN N100 billion Sukuk offer.

The offer was opened to the public on the 14th of September, and is billed to close on the 20th of September following a series of investor meetings in Lagos, Abuja, Port Harcourt, Kano and Kaduna by the Advisers and the DMO, to interact with investors and provide information on the purpose, structure and benefits of the Issuance.

As a Joint Financial Adviser, FBN Merchant Bank assisted the DMO with the determination of the requirements for structuring the Issuance, working with Lotus Financial Services, Legal Advisers and Incorporated Trustees on the transaction to structure the Sukuk and prepare relevant transaction documents in compliance with legal and regulatory requirements.

The FGN Sukuk Issuance supports financial inclusion goals by providing access to individuals and communities that traditionally have had limited or no access to the formal financial sector, providing a secure investment opportunity for ethically-minded investors, and offering attractive returns similar to conventional sovereign instruments. According to Mr. Taiwo Okeowo, Deputy Managing Director of FBN Merchant Bank Limited ‘While Sukuk issuance is not new in domestic capital markets, we are proud to be working with the DMO on this offer as its potential as a comparably cheaper source of long-term infrastructure financing remains untapped’.

Proceeds from the Issuance will be used solely for the construction and rehabilitation of key roads across the six geopolitical zones of the country, while rental payments and redemption are backed by the full faith and credit of the Federal Government of Nigeria and qualify as securities for trustees, pension funds, banks, individuals and various investors.

 

About FBN Merchant Bank

FBN Merchant Bank is the Merchant Banking business of FBN Holdings Plc. providing services in Advising, Financing, Trading, Investing and Securing to support the diverse financial needs of our clients.

From securing wealth to financing business opportunities, we are constantly searching for what comes next so we can take our clients there first. We are a trusted and inspirational partner founded on innovation, a strong heritage and a pioneering spirit that drives us to help our clients look beyond today, and redefine tomorrow.

cerebre
September 19th, 2017
Posted In: 2017 Press Releases

It is the beginning of another school term and as students return to school after the long holidays, First Bank of Nigeria Limited remains committed to supporting schools with their business requirements to enhance preparations for the school year. FirstBank has developed an array of products and solutions targeted at enabling schools acquire attractive educational facilities to support their business whilst empowering parents and guardians to seamlessly send their wards back to school. The Bank has set aside N15bn for private schools in Nigeria.

FirstBank’s educational products and solutions include the FirstEdu Loan, Operational Vehicle Loan, Term Loans for constructing new sites and extension of existing sites, Personal Loan against Salary (PLAS) and Salary Overdraft (SODA) which enhances Parents/Guardians’ capacity to pay their wards’ school fees.

The FirstEdu loan is targeted at private Nursery, Secondary and A-Levels schools. The product offers opportunity for private schools to access flexible funding to meet urgent cash flow needs, replace old furniture and equipment, as well as refurbish dilapidated buildings and classroom blocks. With this product, school owners/proprietors can stay ahead of competition in providing educational services and support to the target population by maintaining acceptable standard infrastructure at all times. This product allows the customer access up to N10 million with no tangible collateral required apart from the domiciliation of school account with the Bank. This reduces the cost of borrowing to the customer and eliminates the challenges posed by the provision of additional demanding collaterals.

The Operational Vehicle Loan is targeted at registered businesses. It allows the entrepreneur to acquire brand new vehicles for the day to day operation of the business. Organisations can take advantage of this facility to purchase school buses in the case of school proprietors and even upscale their staff welfare schemes through provision of staff buses. Personal Loan against Salary (PLAS) offers customers in paid employment access to cash to meet immediate financial needs such as payment of school fees, medical treatment, holiday expenses, etc. PLAS has a flexible repayment plan spread up to 48 months for customers’ convenience. There is no equity contribution or collateral requirement. The Salary Overdraft Account (SODA) is also available to customers who want short tenured overdraft to meet immediate financial needs. SODA can be dispensed as a one-off overdraft for 30 days with up to 40% net salary and a revolving overdraft for 180 days with 25% of applicant’s average previous 3 months net salary. Only a salary account will qualify you to access PLAS and SODA if you work with any of FirstBank’s approved list of employers.

FirstBank’s educational facilities are offered without collaterals. So as the new school term resumes, the Bank has the right products just for you and is poised to constantly provide the platform to support the life styles of its teeming customers. Customers and stakeholders are enjoined to visit any FirstBank branch for further information about its school solutions.

 

About FirstBank

First Bank of Nigeria Limited (FirstBank) is Nigeria’s premier and most valuable banking brand, and largest financial services institution by total assets and gross earnings. With more than 12 million customer accounts, FirstBank has over 750 branches providing a comprehensive range of retail and corporate financial services. The Bank has international presence through its subsidiaries, FBN Bank (UK) Limited in London and Paris, FBNBank in the Republic of Congo, Ghana, The Gambia, Guinea, Sierra-Leone and Senegal, as well as its Representative Offices in Johannesburg, Beijing and Abu Dhabi.

Since its establishment in 1894, FirstBank has consistently built relationships with customers focusing on the fundamentals of good corporate governance, strong liquidity, optimized risk management and leadership. Over the years, the Bank has led the financing of private investment in infrastructure development in the Nigerian economy by playing key roles in the Federal Government’s privatisation and commercialisation schemes. With its global reach, FirstBank provides prospective investors wishing to explore the vast business opportunities that are available in Nigeria, an internationally competitive world-class brand and a credible financial partner.

FirstBank has been named “Most Valuable Bank Brand in Nigeria” six times in a row – 2011, 2012, 2013, 2014, 2015, 2016 – by the globally renowned “The Banker Magazine” of the Financial Times Group; and “Most Innovative Bank in Africa” in the EMEA Finance African Banking Awards 2014. Recently, for the sixth consecutive time, the Bank clinched the “Best Retail Bank in Nigeria” award by The Asian Banker. Our brand purpose is to always put customers, partners and stakeholders at the heart of our business, even as we standardise customer experience and excellence in financial solutions across sub-Saharan Africa, in consonance with our brand vision “To be the partner of first choice in building your future”. Our brand promise is to always deliver the ultimate “gold standard” of value and excellence. This commitment is anchored on our inherent values of passion, partnership and people, to position You First in every respect.

Folake Ani-Mumuney

Group Head, Marketing & Corporate Communications

www.firstbanknigeria.com

cerebre
September 12th, 2017
Posted In: 2017 Press Releases

The Management of First Bank of Nigeria Limited has unveiled new career employment models to accelerate career growth and development for staff members.  As part of the FirstBank’s efforts to continuously integrate leadership into the Bank’s culture and build a pool  of talents and next generation leaders who will be groomed to steer the ship of the Bank’s business expansion and continuous growth in Africa, the Bank has commenced an accelerated career Management programme; the FirstBank Management Associate Programme (FMAP), a 24-month fast track comprehensive developmental programme targeted at young, dynamic, self-motivated and highly driven individuals who possess the right skill set and excellent leadership potential among Junior and entry-level cadre staff. The programme will afford successful candidates the opportunity to be moved to middle management upon the successful completion of the 24 month period and become Management Associates irrespective of their grades at the point of entry. Cross country postings and secondment opportunities will be offered to such staff to provide them with global exposure and network.

In the same vein, the Bank has also kicked off the Senior Management Development Programme (SMDP); an intensive modular programme for a select group of senior to principal managers who are proven leaders in their respective functions and have been identified as central to the Bank’s succession plan. This will result in a unique learning experience that fosters the professional, intellectual and personal development of this crop of emerging leaders. At the end of the programme, top performing delegates will be exposed to various leadership developmental opportunities such as executive coaching by renowned career and life coaches, strategic and executive job shadowing and handholding by Bank executives as well as prioritization for international assignments.

The career growth model is another lever targeted at capacity building for staff, coming on the heels of the Bank’s recent promotion of over 3000 staff as reward for excellent performance in delivering to the Bank’s goals and objectives, while some others were disengaged in line with global industry best practice in enhancing performance. According to the Group Head, Marketing and Corporate Communications, FirstBank, Folake Ani-Mumuney, the Bank, as a performance driven institution, is particularly keen on developing and retaining the best talent pool in the industry. “FirstBank would continue to invest in capacity building for its employees to maintain a motivated workforce whilst building platforms where staff members can now benefit from accelerated career progression, as well as build leadership capabilities at an early stage of their career” she further stated.

FirstBank also implements the entry level graduate trainee programme where over 100 entry level graduates are regularly employed by the Bank and trained at FirstAcademy, FirstBank’s Corporate Academy which is also an affiliate of Global Association of Corporate Universities & Academics (G – ACUA), and the World Institute of Action Learning (WIAL), to support learning culture among the Bank’s staff whilst promoting competence development and knowledge management.

 

About FirstBank

First Bank of Nigeria Limited (FirstBank) is Nigeria’s premier and most valuable banking brand, and largest financial services institution by total assets and gross earnings. With more than 12 million customer accounts, FirstBank has over 750 branches providing a comprehensive range of retail and corporate financial services. The Bank has international presence through its subsidiaries, FBN Bank (UK) Limited in London and Paris, FBNBank in the Republic of Congo, Ghana, The Gambia, Guinea, Sierra-Leone and Senegal, as well as its Representative Offices in Johannesburg, Beijing and Abu Dhabi.

Since its establishment in 1894, FirstBank has consistently built relationships with customers focusing on the fundamentals of good corporate governance, strong liquidity, optimized risk management and leadership. Over the years, the Bank has led the financing of private investment in infrastructure development in the Nigerian economy by playing key roles in the Federal Government’s privatisation and commercialisation schemes. With its global reach, FirstBank provides prospective investors wishing to explore the vast business opportunities that are available in Nigeria, an internationally competitive world-class brand and a credible financial partner.

FirstBank has been named “Most Valuable Bank Brand in Nigeria” six times in a row – 2011, 2012, 2013, 2014, 2015, 2016 – by the globally renowned “The Banker Magazine” of the Financial Times Group; and “Most Innovative Bank in Africa” in the EMEA Finance African Banking Awards 2014. Recently, for the sixth consecutive time, the Bank clinched the “Best Retail Bank in Nigeria” award by The Asian Banker. Our brand purpose is to always put customers, partners and stakeholders at the heart of our business, even as we standardise customer experience and excellence in financial solutions across sub-Saharan Africa, in consonance with our brand vision “To be the partner of first choice in building your future”. Our brand promise is to always deliver the ultimate “gold standard” of value and excellence. This commitment is anchored on our inherent values of passion, partnership and people, to position You First in every respect.

Folake Ani-Mumuney

Group Head, Marketing & Corporate Communications

www.firstbanknigeria.com

cerebre
August 30th, 2017
Posted In: 2017 Press Releases

First Bank of Nigeria Limited has remained committed to empowering the Nigerian populace with the *894# Quick Banking service as part of its financial inclusion drive. The service is set to deliver the power to bank anywhere and at anytime. It is quick, convenient and easy to use and beneficiary accounts are credited instantly with alert notifications.

 

The *894# USSD service makes banking services available across all GSM networks, on any type of handset or device; iphone, android, blackberry and even simple feature phone famously referred to in Nigerian lingo as ‘kpalasa’. It requires no internet service connection and can be used in remote locations across Nigeria. This USSD service is delivered on the customers’ registered phone numbers linked to their FirstBank accounts.
With *894#, the mobile phone has become a mobile branch and FirstBank customers can activate this service in three steps: dial *894*0#;  enter a four digit Personal Identification Number (PIN) linked to the debit card; create a five digit PIN, and the registration is complete. Customers can transfer money to FirstBank and other banks in Nigeria; buy airtime for themselves and their loved ones; check account balance on their phones, and do lots more wherever they are. PIN reset on this service requires only a quick dial of *894*0#.

 

Banking transactions can now be performed on the go irrespective of location or time as there is no worry of internet connectivity or a token device, but only a Personal Identification Number (PIN). To send money, simply dial *894*Amount*Account Number#; select beneficiary bank; confirm amount, beneficiary name and enter five-digit PIN; then select account to debit. For airtime recharge: simply dial *894*Amount# to recharge for self; to recharge for others, dial *894*Amount*Phone Number# and enter five-digit PIN. FirstBank customers can transfer up to N100,000.00 per day and recharge airtime up to N10,000.00 per day. To generate account mini statement, dial *894*Account Number#, and to check account balance, the magic code is *894*00#.

 

FirstBank has always been at the forefront of seamless banking transaction in a convenient and secured manner and is committed   to ensure its customers are fully served with the USSD service. Launching soon on the *894# Quick Banking service bouquet are: the utility bill payment, payment for goods and services at any retail store in Nigeria, opening of savings account and linking customer BVN to  the new accounts.  With FirstBank *894#, banking is now a lot more fun.

 

Customers are advised to please call 0700FIRSTCONTACT (0700-34778-2668228), 01-4485500, 0708-062-5000; SMS Short Code 30012 or email ebusiness-services@firstbanknigeria.com, FinancialInclusion@firstbanknigeria.com, Firstcontact@firstbanknigeria.com should they require further information on the *894# Quick Banking.

 

About FirstBank

First Bank of Nigeria Limited (FirstBank) is Nigeria’s premier and most valuable banking brand, and largest financial services institution by total assets and gross earnings. With more than 12 million customer accounts, FirstBank has over 750 branches providing a comprehensive range of retail and corporate financial services. The Bank has international presence through its subsidiaries, FBN Bank (UK) Limited in London and Paris, FBNBank in the Republic of Congo, Ghana, The Gambia, Guinea, Sierra-Leone and Senegal, as well as its Representative Offices in Johannesburg, Beijing and Abu Dhabi.

 

Since its establishment in 1894, FirstBank has consistently built relationships with customers focusing on the fundamentals of good corporate governance, strong liquidity, optimized risk management and leadership. Over the years, the Bank has led the financing of private investment in infrastructure development in the Nigerian economy by playing key roles in the Federal Government’s privatisation and commercialisation schemes. With its global reach, FirstBank provides prospective investors wishing to explore the vast business opportunities that are available in Nigeria, an internationally competitive world-class brand and a credible financial partner.

 

FirstBank has been named “Most Valuable Bank Brand in Nigeria” six times in a row – 2011, 2012, 2013, 2014, 2015, 2016 – by the globally renowned “The Banker Magazine” of the Financial Times Group; and “Most Innovative Bank in Africa” in the EMEA Finance African Banking Awards 2014. Recently, for the sixth consecutive time, the Bank clinched the “Best Retail Bank in Nigeria” award by The Asian Banker. Our brand purpose is to always put customers, partners and stakeholders at the heart of our business, even as we standardise customer experience and excellence in financial solutions across sub-Saharan Africa, in consonance with our brand vision “To be the partner of first choice in building your future”. Our brand promise is to always deliver the ultimate “gold standard” of value and excellence. This commitment is anchored on our inherent values of passion, partnership and people, to position You First in every respect.

 

Folake Ani-Mumuney

Group Head, Marketing & Corporate Communications

www.firstbanknigeria.com

cerebre
August 24th, 2017
Posted In: 2017 Press Releases

First Bank of Nigeria Limited, Nigeria’s most valuable bank brand, has continued in its tradition of creating a value-chain of support for the interests and lifestyles of its customers. With varying categories of products and services across market segments, the Bank ensures that it supports customers’ lifestyle, goals and aspirations.

To drive convenience in banking, FirstBank offers innovative virtual options for funds transfer, bills payment and airtime top up, using FirstMobile app and the Bank’s USSD banking code *894#. FirstMobile, the bank’s mobile app has recently been updated with enhanced card security feature – ‘card-in-control’ which makes it possible for customers to define their card functionality on their mobile phone; a Quick Response (QR) Code that transforms your phone into a tap and pay device, riding on NFC technology and the Transaction receipt and Save beneficiary functions all of which make business transactions much more convenient and safe.  The Bank has also provided a Lifestyle information aggregator – the LOOP app which enables customers stay updated on the latest global trends from their mobile phones.

For a borderless banking experience, FirstBank offers an array of payment cards for both domestic and international use.  The Bank’s dollar denominated cards in debit, credit and prepaid variants provide 24/7 access to funds worldwide. To support the businesses of High Networth Individual Customers, FirstBank provides them with the Visa Gold, Platinum Debit MasterCard as well as Visa Infinite cards, giving them unlimited power anywhere in the world. These cards come with added benefits and rewards from partner merchants, airlines and hotels home and abroad with card-holders having the opportunities of massive discounts and offers with hotels, airlines and other hospitality value added services and upgrades.

FirstBank also offers exclusive financial tools and products to its premium customers such as the First Current Plus account, which allows unlimited turnover threshold and zero account maintenance charge; the Firstdom Plus dollar account that offers attractive interest rate and free over-the-counter charges with huge concession on transfer charges; the FirstOnline internet banking which enables customers carry out variety of transactions from anywhere in the world; and competitive mortgage products, empowering customers to deepen their stakes in real estate. The mortgage products are designed to part-finance the acquisition, construction and refinancing of residential properties or office complexes for SMEs who desire to own their business premises. The facility is availed either as a Personal Home Loan with Joint Mortgage option for eligible individuals in paid employment or as Commercial Mortgage for SME customers who are either small & medium enterprises, professional organizations or private schools

According to Folake Ani-Mumuney, FirstBank’s Group Head, Marketing and Corporate Communications, the Bank’s continuous delivery of suitable and bespoke products and services to enhance its customers’ lifestyle is another way FirstBank is putting its customers first. “We are an active partner in the fast-paced lifestyle of our customers and we are constantly rolling out tailor-made products and services to fit their needs and aspirations”.

About FirstBank

First Bank of Nigeria Limited (FirstBank) is Nigeria’s premier and most valuable banking brand, and largest financial services institution by total assets and gross earnings. With more than 12 million customer accounts, FirstBank has over 750 branches providing a comprehensive range of retail and corporate financial services. The Bank has international presence through its subsidiaries, FBN Bank (UK) Limited in London and Paris, FBNBank in the Republic of Congo, Ghana, The Gambia, Guinea, Sierra-Leone and Senegal, as well as its Representative Offices in Johannesburg, Beijing and Abu Dhabi.

Since its establishment in 1894, FirstBank has consistently built relationships with customers focusing on the fundamentals of good corporate governance, strong liquidity, optimized risk management and leadership. Over the years, the Bank has led the financing of private investment in infrastructure development in the Nigerian economy by playing key roles in the Federal Government’s privatisation and commercialisation schemes. With its global reach, FirstBank provides prospective investors wishing to explore the vast business opportunities that are available in Nigeria, an internationally competitive world-class brand and a credible financial partner.

FirstBank has been named “Most Valuable Bank Brand in Nigeria” six times in a row – 2011, 2012, 2013, 2014, 2015, 2016 – by the globally renowned “The Banker Magazine” of the Financial Times Group; and “Most Innovative Bank in Africa” in the EMEA Finance African Banking Awards 2014. Recently, for the sixth consecutive time, the Bank clinched the “Best Retail Bank in Nigeria” award by The Asian Banker. Our brand purpose is to always put customers, partners and stakeholders at the heart of our business, even as we standardise customer experience and excellence in financial solutions across sub-Saharan Africa, in consonance with our brand vision “To be the partner of first choice in building your future”. Our brand promise is to always deliver the ultimate “gold standard” of value and excellence. This commitment is anchored on our inherent values of passion, partnership and people, to position You First in every respect.

 

Folake Ani-Mumuney

Group Head, Marketing & Corporate Communications

www.firstbanknigeria.com

cerebre
August 22nd, 2017
Posted In: 2017 Press Releases
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