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Tag: Deputy Managing Director

  • First Bank Out With Virtual Payment Card

    First Bank of Nigeria Limited says it has launched a virtual payment card, a naira-denominated debit card and digital representation of the plastic debit card.

    A statement from the bank on Sunday, titled ‘FirstBank begins the year with an innovative, convenient virtual payment card’, said the card was designed to be linked to either a customer’s operative account or wallet account.

    It said, “The FirstBank virtual payment card is a suitable alternative to the use of cash and cheques, with its wide-range features, which include the ability of cardholders to protect his/her card using the block and unblock capabilities; PIN reset; change PIN as well as view statement at one’s convenience.

    “It also enables diaspora customers to spend from his/her FirstBank account within the spend limit advised by the bank without the need for a physical card.”

    According to the bank, the virtual payment card is a safe, convenient, and an easy way of making e-commerce payments, amongst other functionalities.

    The bank said, “The virtual payment card can be created via the bank’s leading digital channels: FirstMobile or Firstmonie Wallet applications.

    “Customers can download the card, activate the card and consummate transactions all at once from the comfort of their homes/offices. No branch visit is required.

    “Customers are advised to update their mobile application to the latest version, then select card services on the FirstMobile App and ‘my virtual card’ application to create a virtual card at the cost of N215 (VAT inclusive).”

    ‌Speaking on the launch, the Deputy Managing Director, First Bank of Nigeria Limited, Mr Gbenga Shobo, said, “The launch of our virtual payment card is yet another secure and seamless way we promote electronic banking, while enabling customers to carry-out their transactions on the web.

    “The virtual payment card is also designed to guard against the spread of the COVID-19 as it does not require physical interaction between the customer and FirstBank branches. We enjoin our customers to download the application and stay ahead in modern banking.”

  • FirstBank Hosts SME Webinar, Enlightens Entrepreneurs on Ways to rebuild their Businesses

    First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider, will host an SME webinar themed “Rebuilding your Business” by 10am on Tuesday, 10 November 2020 via Zoom meetings.  

    The event is organised in collaboration with FBN Insurance Brokers and FBN Quest with its discussants including: Tunde Owolabi, Group Executive, Retail Banking (Lagos & West), FirstBank; Olumide Ibidapo, MD/CEO FBNInsurance Brokers and Ijeoma Agboti, Managing Director, FBNQuest Funds. 

    As a brand committed to putting its stakeholders first, the SME Webinar is designed to empower the participants and promises to provide ways to access opportunities such as business financing, advisory, wealth preservation and appropriate business coverage. These opportunities are essential elements in the rebuilding and rebounding efforts, as well as safety of businesses, towards their continued contribution to national development.

    Speaking on the event, Mr. Gbenga Shobo, Deputy Managing Director, FirstBank said “at FirstBank we identify with the indelible roles played by SMEs towards the continued growth of the Nigerian economy as without a doubt, they remain the engine of not just our economy but the global economy.”

    “I enjoin every business owner to participate in this event in order to be enlightened with essential information to promote the safety and economic security of their business, especially at this time’’

    Only recently, FirstBank partnered with the Lagos State Employment Trust Fund (LSETF) in a matching fund scheme to cushion the impact of COVID-19 pandemic on low-cost private schools by ensuring lending at an attractive interest rate.

    Since the start of the year, the Bank has held several SME events including; an SME Business Clinic train that moved from Lagos to Abuja and Port-Harcourt in February.

    The Bank later embarked on virtual SME-based events, in order to adhere to the social distancing guideline essential to promoting the safety of every participant in view of the COVID-19 pandemic. These SME based webinars include SME Business Clinic in May as well as the SME Connect webinar to promote the growth of education sector held in July amongst others.

    Interested participants are required to click here to register.

  • FirstBank hosts Fintech Summit 4.0, promotes the growth and Reinvention of Banking Technology in Nigeria

    First Bank of Nigeria Limited, Nigeria’s leading financial inclusion services provider, has announced that the 2020 edition of its annual FinTech Summit is scheduled to hold on Thursday, 6 August 2020 by 12.00 noon. The event will be virtually held via Zoom Meetings. 

    The 2020 edition of the summit, which is the fourth in its series is themed; “How Blockchain and Artificial Intelligence will Disrupt FinTech in Nigeria” and will be discussed by experts, key and leading players, policy influencers and regulatory officials in the Nigerian financial, banking and technological climate. To participate in the event, click the link https://www.firstbanknigeria.com/business-banking/smeconnect/fintech-summit/registration/ to register.  

    Chinedu Echeruo, founder of HopStop which was sold to Apple for $1bn will be leading the discussion as the Keynote speaker alongside other panelists; Musa Itopa Jimoh, Director, Payments System Management Department and Aminu Maida, Executive Director, Technology & Operations, Nigeria Inter-Bank Settlement System Plc (NIBSS).  

    Representing FirstBank in the panel of discussants are Callistus Obetta, Group Executive, Technology & Services and Chuma Ezirim, Group Executive, e-Business & Retail Products  

    Speaking on the event, Mr. Gbenga Shobo, Deputy Managing Director, First Bank of Nigeria Limited said; “at FirstBank, we have been at the forefront of employing technology in the delivery of financial services in the country exemplified by our various products and services such as FirstMobile, USSD Banking services, FirstMonie Wallet, FirstMonie Agent Banking, FirstAdvance loans provisions

     The 2020 edition of our FINTECH summit will build on the successes achieved in the last three editions. We welcome the panelists as we look forward to the shared knowledge which will be integral to deepening the continued growth of banking technology, especially its impact on the Gross Domestic Product of Nigeria and the continent at large. 

     Technology continues to play a fundamental role in driving financial inclusion and strengthening the growth of SMEs that contribute significantly to the development of the country.

    We encourage members of the public, players in the fintech and financial climate to register, as there is knowledge for everyone,” he concluded.

  • Banjo Adegbohungbe becomes Deputy Managing Director, Coronation Merchant Bank

    Banjo Adegbohungbe becomes Deputy Managing Director, Coronation Merchant Bank

    The Board of Directors of Africa’s leading financial institution; Coronation Merchant Bank limited has announced the appointment of Banjo Adegbohungbe as the Deputy Managing Director of the Bank. Prior to his elevation, Banjo was the Executive Director responsible for Compliance; Operations; Information Technology; Digital Channels and Administrative Divisions of the bank.

    Banjo began his career at Citibank Nigeria (formerly Nigeria International Bank Ltd) and rose through the ranks to become an Assistant General Manager in charge of the bank’s Trade Operations – a position he occupied before joining Access Bank in March 2007 as a Deputy General Manager. During his time at Access Bank, he served in various leadership capacities as Group Head, Global Trade; Group Head, Global Payments and Group Head, Corporate Operations. In 2011, he was promoted to General Manager before eventually joining Coronation Merchant Bank in 2018 as Executive Director.

    He is a seasoned banker with over 26 years of banking experience, covering various aspects of banking including Technology, Payments, International Trade, Fixed Income, Loans, Process Improvement and Product Management. He holds an MBA from the International Institute for Management (IMD), Switzerland and is an alumnus of Obafemi Awolowo University, Ife where he earned a B.Sc. in Mechanical Engineering. He is an Honorary Senior Member of the Chartered Institute of Bankers and has also attended several executive management and banking specific developmental programs in leading educational institutions around the world.

    Announcing the new appointment, the Chairman of Coronation Merchant Bank, Mr. Babatunde Folawiyo stated that: “During his time with us, Banjo has distinguished himself in service to the organization and contributed immensely to the overall growth of the Bank. I am confident his appointment will further strengthen and position the Bank for improved performance”

    Coronation Merchant Bank was established to fill the gap in a long-underserved market segment, seeking to address the need for long term capital across key sectors of the economy. The Bank offers Investment and Corporate Banking; Private Banking/Wealth Management and Global Markets/Treasury Services to its niche clients. Driven by its vision of becoming Africa’s premier investment Bank, CoronationMB has been the recipient of numerous International and National awards for product innovation and sound corporate governance practices. Some of the international awards it received in 2019 include Best Investment Bank in Nigeria by Global Finance, Best Investment Bank in Nigeria by World Finance, Best Investment Bank by Global Banking & Finance Review and Best Investment Bank by Global Business Outlook Awards.