First Bank’s process digitisation won’t ignite job losses, but grow service delivery
First Bank of Nigeria Limited has contested trending speculation that its huge investments in new technologies and mainly the digitisation of its processes will not cause job loss, but grow ease of service delivery. The bank argued that the process…
How Barclays suddenly become advisor in sale of 9Mobile
Facts on why rather than Citigroup and Standard Banks, new advisor had been preferred for arranging the sale of 9Moblie on or before December, 31st 2017. Though analysts say the sudden change had the backing of the 13 banks who…
How banks’ removal of $1.2Bn 9Mobile debt from books’ll shape future
Since the revelation that the 12 banks involved in the $1.2 billion 9Mobile loan are setting aside a large part of the debt from their books ahead of the December 31 end-date for the fiscal year, financial pundits have started…
Liquidity gap tears Tier-one banks, others on profit rebounds
One of the major negative facts emerging from the sustained impacts of recession and the attendant economic downturn cannot be far from the widening gas of liquidity and market dominance by tier-one banks over mid-sized lenders, Business Hilights can authoritatively…
FirstBank introduces FirstGem lifestyle to drive women entrepreneurship
To demonstrate its gender sensitivity as a corporate citizen, First Bank, has launched FirstGem lifestyle scheme, a tailored product designed to benefit women professionals, entrepreneurs, SMEs, salaried women and as low income earners, traders and artisans. FirstGem comes in variants…
First Bank, BoI join AGDC to create 5m jobs with eased lending to MSMEs
Startups in Small and Medium Enterprises (SMEs) now stand a better chance of consolidating earlier than expected as the Bank of Industry (BoI) and After School Graduate Development Centre (AGDC) have teamed up with First Bank to drive viable business…
