Tag Archives: Dr. Adesola Adeduntan

…Applauds CBN’s Initiatives The commercial banking arm of FBN Holdings Plc, First Bank Group has said its channel currently accounts for about 17% of the total reported eNaira transaction volume. The Chief Executive Officer of First Bank, Dr Adesola Adeduntan made this disclosure during an interview session with African Business. …

The Central Bank of Nigeria (CBN) has turned down First Bank of Nigeria’s (FBN’s) loan restructuring for Honeywell Flour Mills and subsequently directed the bank to recover the loan granted the company immediately. The sum of the loan could not be ascertained last night but the flour mill is the …

The Chief Executive Officer,First Bank of Nigeria Limited,  Dr Adesola Adeduntan has said that technology, innovation and enhanced capabilities have become necessary to achieve significant business growth in the post-COVID-19. Adeduntan made this remark on Thursday during a Digital Disruption Series webinar organised by the Surrey Business School of the …

First Bank of Nigeria Limited has announced the launch of First Global Transfer (FGT) to promote international transfer of funds across its subsidiaries in sub-Saharan Africa. The Bank’s subsidiaries in Africa include FBNBank DRC, FBNBank Ghana, FBNBank Gambia, FBNBank Guinea, FBNBank Sierra-Leone, FBNBank Senegal. The First Global Transfer (FGT) initiative …

At present, there are over 86,000 banking agents across 772 out of the 774 local government areas in Nigeria, a demonstration of First Bank’s commitment to deepening financial inclusion and ensuring the unbanked are adequately catered for through its agent network. The CEO of First bank Nigeria Limited, Dr. Adesola …

First Bank of Nigeria Limited has announced its partnership with the Lagos State Employment Trust Fund (LSETF) in a matching fund scheme. The scheme aims to cushion the impact of COVID-19 pandemic on low-cost private schools by ensuring lending at an attractive interest rate. With the single-digit funding targeted at …

Nigeria’s leading financial inclusion services provider, First Bank of Nigeria Limited, has announced that its Chief Executive Officer, Dr.  Adesola Adeduntan, has been honoured with the Forbes Best of Africa Award. The award presentation was held on Friday, 11 September 2020 at a virtual event by Forbes in conjunction with the Foreign …

First Bank of Nigeria Ltd has disclosed that it processed transactions worth over N6 trillion on its FirstMonie Agent network as at July 2020. FirstBank Chief Executive Officer, Dr. Adesola Adeduntan disclosed this on Thursday, at the bank’s FinTech Summit 4.0 webinar in Lagos. The 2020 edition of the summit, …

The Central Bank of Nigeria (CBN) is mulling a four-tiered licencing model for financial technology (Fintech) companies in Nigeria in other to advance digital financial services.   The CBN Director Payments Systems Management Department, Mr. Musa Jimoh, disclosed this at the First Bank Fintech Summit 4.0 virtual forum with the …

First Bank of Nigeria Limited, has presented 20,000 units of e-learning devices to the Lagos State government. The devices are planned for distribution to school children. The event was held at the State House in Marina, Lagos. With the gesture, the Lagos State governor, Babajide Sanwo-Olu said the State had …