First Bank

Monday, January 31, 2022

Arewa Youth Congress decorates Dangote's executive director as the "LIGHT OF AREWA"


L-R: Director Of Gender, Arewa Youth Congress, Amina Abdulahi, And The President Of Arewa Youth Congress, Rilwan Musa Daura, Presenting Arewa Excellence Award And Decoration, As The “Hasken Mattasan Arewa” To The Ged, Strategy, Capital Projects And Portfolio Development, Mr. Edwin Devakumar, In Dangote’s Head Office On Monday In Lagos

Medview Airline boss, Alhaji Muneer Bankole detained by EFCC over Hajj scam

The Economic and Financial Crimes Commission has detained the Managing Director of Medview Airline, Alhaji Muneer Bankole over alleged hajj scam.

The suspect allegedly diverted 50 per cent of funds paid to him by the National Hajj Commission, and additional $900,000 for the airlift of pilgrims in 2019, which he failed to execute.

He was reportedly detained on Monday afternoon at the headquarters of the EFCC in Jabi, Abuja.

FirstBank’s SMECONNECT portal could be the differentiator for SMES in Nigeria

Over a hundred years since banks came into Nigeria, services rendered to small and medium scale businesses were limited to core banking services and transactions. However, those that cared to look further were able to stand the test of time, reinventing themselves with cutting edge financial services that remain key to sustaining its relevance to not just its host communities but the global community. 


Based on findings from extensive engagements with customers, internal and external surveys and reports by SMEDAN, Efina and NBS, First Bank of Nigeria Limited has been deliberate in ensuring that SMEs thrive and grow their businesses as SMEs can access and enjoy the convenience of its industry-leading financial services. FirstBank thus launched the SMEConnect portal to congregate value-adding propositions & services for SMEs on a single platform for easy access. 


Thursday, January 27, 2022

Chicago University confirms Bola Tinubu graduated and major in Accounting

The Chicago State University says All Progressives Congress stalwart and presidential hopeful, Bola Tinubu, indeed attended the university.

Beverly Poindexter, who is in charge of official transcript requests, enrolment and degree verification at the Office of the Registrar, CSU, said this in a terse email response to The PUNCH on Tuesday.

Tuesday, January 25, 2022

Sammie Okposo tenders public apology on Instagram over pregnancy allegation

Gospel singer Sammie Okposo has apologised to his wife and family for having an extramarital affair with an American-based lady.

Smmie apology comes barely 24 hours after the lady, who identified herself as African Doll, accused him of impregnating and dumping her in an interview on Monday.

African Doll claimed the music star became hostile to her after she told him she was pregnant.

She disclosed that they met in Dallas during one of his tours, became close and started an affair which resulted in her being pregnant for him.

Monday, January 24, 2022

AfDB: Dangote’s Petrochemicals, Fertiliser Plant will accelerate Africa’s economic growth

President of the African Development Bank (AfDB), Akinwumi Adesina has described Dangote Refinery and Fertiliser projects as the best industrialised project to happen to Africa. He said these projects, which are far beyond the expectation of his team and himself, would positively affect the economic growth and development of not only Nigeria but Africa as a continent.

Saturday, January 22, 2022

Tony Elumelu: From applying for a job he was not qualified for to owning a tier-1 bank

A story by Ruth Okwumbu-Imafidon

And Culled from

A recent Instagram post of Tony Elumelu displaying some yoga moves generated a lot of comments like “the fittest billionaire in Nigeria,” “Billionaire workout routine,” “fitness goals” and the likes. There is a lot more to the Delta-born entrepreneur than taking a stroll pose with his black suit and signature red socks; making lots of money, and giving back to the society through his foundation. It makes a lot more interesting gist when you consider that the man whose name now seems synonymous with a tier-one bank, started his banking career by applying for a role he was not qualified for.

How his banking career started

Anthony Onyemaechi Elumelu was born in Jos, Plateau State, Nigeria on 22 March, 1963, although he is a native of Onicha-Ukwu in Aniocha North Local government area of Delta State. He bagged a B.Sc. Economics from the Bendel State University, and proceeded immediately to obtain his Master’s degree in Economics from the University of Lagos (UNILAG). It was at about this time that Allstates Trust Bank ran a job advertisement in the papers, stipulating a minimum of 2:1 degree (Second Class, upper division) which Elumelu did not have.

"We deserve to be here" - first woman to referee AFCON match

Rwandan referee Salima Mukansanga, who became the first woman to officiate an Africa Cup of Nations match when she took charge of the Zimbabwe vs Guinea match this week, on Friday said she and her female colleagues earned and deserve their place as match officials at the highest levels.

"We are here not because we had favour to be here, it's just chance, no. It's because we deserve to be here," Mukansanga said.

Thursday, January 20, 2022

Firstbank Rewards Customers In Transact And Win Promo

Getting rewarded for spending money is a dream that is probably going to remain exciting for many people, but not for the Firstmonie Wallet users. In a two-month Transact and Win campaign that started on November 22, 2021, First Bank of Nigeria Limited is rewarding several customers for carrying out transactions on its Firstmonie Wallet application. 

The e-wallet is useful for conveniently paying utility bills, purchasing airtime and data, transferring and receiving money, and many other digital transactions. Just for using the mobile-friendly wallet app, Customers got rewarded with mouth-watering prizes both in cash and kind. The number of transactions done on the app determines the price a user could win. 

100 customers who had done 1-15 transactions through Firstmonie Wallet within the month won N10,000 cash price; 53 25kg bags of rice and 50 units of standing fans were also won by customers who carried out 16 – 30 transactions with the Firstmonie Wallet; 2 units of power generating sets, 1 unit of Air Conditioning systems and 1 unit LED Televisions went to customers who carried 31 – 50 transactions; while 2 units of iPhone 12 were won by customers who had carried out over 50 transactions on the app within the month. 


Dangote Refinery to Reduce Africa’s Petroleum Importation by 36%, says APPO

African Petroleum Producers Organisation (APPO) has said that the establishment of Dangote Oil Refinery will bring about a 36 per cent reduction in the importation of petroleum productions into the continent.

Besides, the organisation expressed a belief that the success of Dangote Refinery project could incentivise the rise of similar projects across Africa despite the current focus on energy transition.

The Secretary-General, African Petroleum Producers Organisation, Dr. Omar Farouk Ibrahim, said in an interview that Dangote Refinery shall be supplying over 12% of Africa’s products demand when it becomes operational.

Tuesday, January 18, 2022

N6bn fraud: Lagos court grants Mompha N200 million bail

Justice Mojisola Dada of an Ikeja Special Offences Court has granted a Dubai- based internet celebrity, Ismailia Mustapha, aka Mompha bail of N200 million with two sureties in the like sum.

The court granted his application for bail filed through his lawyer, Gboyega Oyewole (SAN).

Sunday, January 16, 2022

Dangote advocates Unity, Cooperation among Africans to get global recognition


As Afreximbank launches centralised payment, settlement infrastructure platform for intra-African trade

President of Dangote Group, Aliko Dangote, has charged African leaders and citizens to be united in the promotion of the continent’s intrinsic greatness through improved trade relations amongst African countries.


Friday, January 14, 2022

Billionaire Folorunso Alakija Preaches On Lagos Street

One of Africa's richest women, Folorunso Alakija, on Friday, shared videos of her and other persons engaging in street evangelism in the Surulere area of Lagos.

Photo Source: Punchng

Thursday, January 13, 2022

UBA commits to transforming digital banking with new offerings

United Bank for Africa says that it has concluded plans to commemorate the fourth year anniversary of its flagship artificial intelligence, Chatbot, Leo, with new offerings set to further change the face of digital banking in Nigeria.

Birthed January 11, 2018, with a firm resolve to prioritise its customers, as well as put the bank at the heart of disruptive technologies that will transform the experience of esteemed customers, UBA recorded three million users hooked in less than three years of its inception.

Leo, which the bank stressed, has proven to be the most formidable artificial intelligence Chatbot till date; serving an ever-increasing customer base who now have less transaction hassles to worry about is currently available on Facebook Messenger, WhatsApp, Apple Business Chat

Firstbank convenes Nigeria economic outlook webinar for 2022, sets the tone for deliberations on continued economic recovery and business impact

First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider has announced its “Nigerian Economic Outlook Webinar” convened to reflect national and global economic trends that shaped 2021, whilst forecasting the economic outlook of 2022.  


Wednesday, January 12, 2022

Alao-Akala, ex-Oyo governor, dies at 71

The former governor of Oyo State, Adebayo Alao-Akala, is dead.

Mr. Alao-Akala’s death was confirmed by the spokesperson of his party, APC, Olatunde Abdulazeez, in an interview with Punch newspapers on Wednesday.

The Ogbomoso-born politician was 71 years old.

Tuesday, January 11, 2022

Ernest Shonekan dies in Lagos at 85

Chief Ernest Shonekan who headed the Interim National Government that succeeded the junta of General Ibrahim Babangida, has died.

Shonekan died in Lagos at the age of 85.

He was the interim head of the Nigerian Government between August 26 and November 17 1993 when he was ousted in a coup led by late General Sani Abacha.

Friday, January 7, 2022

How undeclared conflict of interest earned Austin Avuru a sack by Seplat Board

Also led to Xavier Rolet’s resignation as Independent Non-Executive Director

The last appears not to have been heard about the removal of Mr. Austin Avuru as a Non-Executive Director of Seplat Energy Plc. by the Board of the company, as emerging facts show that the businessman had in March 2020 acquired interest in another oil firm, Chappal Petroleum Development Company LTD, as a founding shareholder and Director even while holding sway as the Chief Executive Officer (CEO) of Seplat, but failed to declare same.

Avuru equally accepted an appointment as Chairman of Chappal Petroleum Development while still holding the position Non-Executive Director of Seplat, which he did not also declare to the Board of the latter.

Wednesday, January 5, 2022

Adeduntan: First Bank is resilient, stable and built for the long haul

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 intervention of the Central Bank of Nigeria, the future of the bank, trends that shaped the economy in 2021, his expectations for 2022 and other pertinent banking sector issues. Excerpts…

What is the level of the Central Bank of Nigeria’s involvement in First Bank?
The central bank’s involvement in FirstBank is essentially about playing the role of the regulator. CBN’s intervention has been in the best interest of the bank’s stakeholders and its performance; aimed at restoring confidence in the bank as well as to reassure the depositors, creditors and other stakeholders of the bank of its commitment to ensuring the stability of the financial system.

Sunday, January 2, 2022

Bashir Tofa, second runner up at the 1993 presidential election, is dead

Bashir Tofa, former presidential candidate of the defunct National Republican Convention (NRC), is dead.

According to family sources, Tofa died at Aminu Kano Teaching Hospital (AKTH) in the early hours of Monday after a brief illness.