The Managing Director/Chief Executive Officer of First Bank Nigeria Limited, Dr. Adesola Adeduntan, last year saw his tenure extended as part of efforts to ensure the stability of the financial institution. In this interview with THISDAY, he speaks about the…
FirstBank, driving dollar remittances, economic growth via IMTOS -Chinwendu Obienyi
For centuries, there have been heated debates over the sources of economic growth in developing economies and why some countries reflect strong economic growth compared to others. The hypotheses have often centred around crude oil, agriculture, revenues, private capital, bubbling stock…
FirstBank: Unlocking wealth in salary account – Kayode Tokede
How monthly salary earners with FirstBank accounts can benefit from the lender’s numerous loans initiatives amid harsh economy In time past, monthly income earners – especially bank customers – were unable to have quick access to personal loans to meet…
Resist arbitrary charges, CBN to bank customers
The Central Bank of Nigeria (CBN) has advised bank customers to resist arbitrary bank charges illegally imposed on them by Deposit Money Banks (DMBs). Reacting to claims by Igbo traders that depositors and other account operators with banks in Nigeria…
Black Friday: iPhone 13 for N89k, 55’ Smart TV at N90k, other crazy deals on Konga today
Konga, Nigeria’s leading composite e-commerce group, has rolled out loads of amazing and unbeatable deals for the Black Friday shopping fest today. This year’s edition of the globally celebrated Black Friday is being observed today, Friday November 26, 2021. In…
eNaira: CBN, PSPs, Fintech partner to deepen adoption by Nigerians
The Central Bank of Nigeria (CBN) and key stakeholders in the payments system ecosystem, particularly Payment Service Providers (PSPs) and a large community of fintech groups, have risen from a one-day engagement session in Lagos, with a resolve to work…
CBN, EFCC, FCCPC, others to prosecute ‘loan sharks’ over data privacy abuse
The Federal Competition and Consumer Protection Commission (FCCPC), the Central Bank of Nigeria (CBN) and the Economic Financial Crimes Commission (EFCC) are set to commence investigations into the illegal practices of digital money lenders in the country. This was disclosed…
*How Iya Funmi died in Mushin gas explosion after displacement from former ‘puff puff’ stand (Vanguard)*12 suspects arraigned over killing of police officer in Lagos (Channels)
How Iya Funmi died in Mushin gas explosion after displacement from former ‘puff puff’ stand (Vanguard) Emotions have continued to run high following the death of Iya Funmi in Tuesday’s gas explosion on Ojekunle Street, off Ladipo Street, in the…
eNaira: Emefiele says there’s “overwhelming interest and encouraging response”
Central Bank of Nigeria (CBN) Governor, Godwin Emefiela, has applauded the progress the recently launched central bank digital currency, or CBDC, eNaira is making since it was rolled out to a rocky start. Last week, Nigeria rolled out its eNaira…
KongaPay projected to hit 3m subscribers by 2022
KongaPay, a Central Bank of Nigeria (CBN)-licensed fintech platform, is on course to grow its active subscriber base to over three million by 2022, data released by the company has shown. The mobile money platform, the leading provider of digital…