First Bank to partner Osun on mining

The Managing Director/Chief Executive Officer of First Bank Nigeria Ltd., Mr. Adesola Adeduntan, has pledged that the bank will support and partner Osun State on mining in order to create more employment opportunities and to help diversify the economy of the state. Adeduntan made this known at a meeting between the First Bank of Nigeria’s team and the Governor Adegboyega Oyetola, at the Governor’s Office in Osogbo yesterday. He expressed the bank’s gratitude to the governor and the state for the conducive business environment that First Bank has enjoyed over…

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Inlaks, First Bank float tool for digital branches

Riding on latest technology, banks in the country are set to expand their branches by deploying teller cash recycler machines. The machine, which was introduced by information technology systems integrator, Inlaks, in partnership with First Bank of Nigeria Limited, is to drive the new revolution of cash deposits without going to banking hall. The machine was formally launched by the Deputy Governor, Central Bank of Nigeria, Mr Folashodun Shonubi, at Inlaks Digital Summit in Lagos. According Inlaks, the MoniSafe 500 teller cash recycler from Hyosung TNS INC. is a powerful…

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Firm sues First Bank, FIRS over account ‘manipulation’, demands N20bn damages

The First Bank and the Federal Inland Revenue Service (FIRS) have been dragged before the Federal High Court sitting in Abuja over alleged manipulation of domiciliary account and illegal withholding of tax clearance certificate. The plaintiff, Biatemp Ventures Ltd., in a suit filed through his counsel, Chief Adegboyega Awomolo (SAN) is praying the court to award the sum of N25 billion special and general damages arising from the alleged manipulation of his account, business loss due to its withheld tax clearance and embarrassment suffered. The plaintiff alleged that First Bank…

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BREAKING: 7 dead as robbers attack First bank in Ondo

In what looked like a scene from Hollywood movie, suspected armed robbers yesterday stormed a first generation bank in Idoani in Ose Local Government area of Ondo State and killed seven people including a policeman posted to guard the bank. After the operation that lasted one hour, the suspected armed robbery left in their trial blood, sorrow and pain. The victims of the bank robbery according to eyewitnesses included four officials of the bank, one policeman and two customers that came to transact business in the bank. The residents of…

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First Bank marks 125th anniversary with 10m grants, others

First Bank of Nigeria Limited (FBN) now boasts of having given out over 10 million grants and having over 1.5 million shareholders as the premier bank marks its 125 years of relentless banking operation in Nigeria. Speaking at the hoisting of flag ceremony to commemorate FBN’s 125 years existence recently in Lagos, Managing Director/ Chief Executive Officer of First Bank of Nigeria Limited, Dr. Adesola Adeduntan, expressed satisfaction at the landmark achievements of the bank whom he said was now an entity that had become woven into the fabric of…

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AWCC: Makiese inspires First Bank to another win

A flawless first quarter performance inspired by Congolese import Ginette Mfutila Makiese who scored 21 points was all First Bank Basketball Club needed to secure their second win (95- 71) over Kenya Ports Authority (KPA) at the FIBA Africa Women Champions Cup yesterday in Maputo, Mozambique. The Kenya were slow in the first quarter and before they could get themselves together, the Nigerian champions had won the quarter 35-4. They, however, came to win the second quarter 16-25, the third quarter ended 19-16 in favour of First Bank, while the…

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First Bank launches chat banking on WhatsApp

First Bank of Nigeria last Friday launched its chat banking on WhatsApp as part of its strategy to make banking more convenient for its over 12.5 million customers. Speaking at the event, which took place at the bank’s Digital Lab, at Yaba, Lagos, First Bank’s Managing Director and Chief Executive Officer, Dr Adesola Adeduntan, said that the launch was another significant milestone in the lender’s mission to provide convenient and fast payment solutions to its customers. He said: “As a leading banking services provider and customer-friendly bank, we are keen…

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First Bank committed to widows’ empowerment

  First Bank of Nigeria Limited has reiterated its commitment to the cause of widows, assuring that it would continue to support and empower them to become financially independent.     Nigeria’s oldest bank gave the assurance on through its Group Executive, International Banking, Mrs. Bashirat Odunewu, at an empowerment programme for widows held to commemorate this year’s International Widows Day at the palace of the Elegushi of Ikateland, Lagos, Oba Saheed Ademola Elegushi.   Odunewu explained that the initiative, in partnership with the International Women’s Society (IWS), was one…

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UBA, GTBank, Zenith, First Bank, Access make top 1,000 global banks’ list

  Nigeria’s tier one banks, UBA, GTBank, Zenith Bank, First Bank and Access Bank, are among African lenders, including ETI, that made The Banker magazine’s 2018 1000 global banks ranking.   A statement issued by the publication yesterday stated that Africa’s economic fortunes improved over the 2017 review period following a difficult couple of years in which lower commodity prices hit the performance of the continent’s largest markets.   It added: “This slowly improving economic climate is reflected in the growth trajectory of Africa’s banks, which have, across the board,…

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First Bank counsels students on financial literacy

Executive Management and staff of First Bank of Nigeria Limited yesterday delivered career counseling sessions with over 3000 secondary school students across the regions to inculcate financial literacy and inclusion in young students.   The counseling, according to a statement from the lender, was part of activities marking the Bank’s second edition of its Corporate Responsibility and Sustainability (CR&S) Week scheduled for June 19 – 23, 2018.   The event themed ‘Touching Lives; You First’, offers FirstBank employees the opportunity to give their time and resources in the service of…

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