Connect with us

news

125 YEARS ANNIVERSARY: FIRSTBANK EMBARKS ON 125KM RELAY WALK TO GREATNESS,

Published

on

 


On Saturday, 16 March 2019, Nigeria’s premier financial institution, First Bank of Nigeria Limited and other corporate entities in the FBNHoldings group would collectively have a 125km Relay Walk to celebrate the Bank’s 125 years of unbroken business operations in commemoration of its 125 years anniversary. Following the flag hoisting ceremony, the anniversary activities curtain raiser event that held on 1 March 2019, the 125km Relay Walk which is to be carried out at locations across Nigeria and other countries where the Bank operates is among the many activities lined-up to celebrate the Bank’s impact and contribution to the growth and development of Nigeria over the years, predating the independence of the West African country with a view to reinforce the collaborative efforts of all institutions of the group, FBNHoldings, as well as building on the heritage for the next 125 years and beyond.  According to Dr. Adesola Adeduntan, the Chief Executive Officer, First Bank of Nigeria Limited, “the 125km Relay Walk is a representation of the collaborative effort of not just FirstBank but all entities in our holding company, FBNHoldings, that have in the last 125 years impacted lives and contributed to the growth and development of our host communities and countries where we do businesses. At FirstBank, we are proud of the strides made across these locations where we operate as without the effort of all staff – past and present – as well as our customers and stakeholders, there would be no FirstBank. The 125km is a mark of our incredible journey of delivering impeccable financial services to our customers as we leave no stone unturned to remain an icon of admiration in today’s financial services industry in Africa.” Speaking on the significance of the ‘Relay Walk”, Adeduntan explains that The Relay Walk is a collaborative effort to achieve a symbolic 125km. He added “It is also a representation of the FirstBank brand in the last 125 years; our people, the team work, partnership and the collective spirit which has shown that as a team, together we can do and achieve more. It is neither a marathon, nor sprint, but a surefooted, steady walk we have taken in the last 125 years.” On how the “Relay Walk” would be carried-out and what it means to the brand, Folake Ani-Mumuney, the Group Head, Marketing and Corporate Communications, FirstBank explains “As a Group, we have journeyed through the ages, our footprints spreading far and wide with indelible landmarks of several firsts. The Relay Walk, yet another First, combines a relay with a walk. A relay, symbolic with races connotes the agility of sprint, which can only be achieved through a team’s collective effort while the passing of the baton during a relay connotes effective succession, thus all attributes evident in FirstBank’s attainment of 125 years of sustained profitable growth. Ani-Mumuney explained the Relay Walk would see staff, customers and stakeholders walk at least 1.25km in teams and from different locations to make up the minimum 125km. At the end of the walk in each location, teams will symbolically pass the baton, committing to a cause that will take the Group to the next 125 years. The baton exchange symbolises the strong culture of succession planning of the Group in the last 125 years, a trait that highlights the dynamic and transformational nature of the brand as well as the essence of future proofing through a deliberate planning of transitions from one generational to another. The baton exchange is a commitment by the current leadership to uphold this spirit of foresight and deliberate planning of taking the brand to greater heights through the next 125 years. The 125km Relay Walk, to be led by Dr. Adeduntan will terminate at the Bank’s corporate Head Office in Marina where staff, customers and other stakeholders will converge to witness the symbolic baton hand over and a commitment to the next 125 years.


About FirstBank

First Bank of Nigeria Limited (FirstBank) is the premier Bank in West Africa and the leading banking services solutions provider in Nigeria for 125 years. With some 15 million customer accounts, FirstBank provides a comprehensive range of retail and corporate financial services with over 750 business locations. The Bank has international presence through its subsidiaries, FBN Bank (UK) Limited in London and Paris, FBNBank in the Republic of Congo, Ghana, The Gambia, Guinea, Sierra-Leone and Senegal, as well as a Representative Office in Beijing.  Since its establishment in 1894, FirstBank has consistently built relationships with customers focusing on the fundamentals of good corporate governance, strong liquidity, optimised risk management and leadership. Over the years, the Bank has led the financing of private investment in infrastructure development in the Nigerian economy by playing key roles in the Federal Government’s privatisation and commercialisation schemes. With its global reach, FirstBank provides prospective investors wishing to explore the vast business opportunities that are available in Nigeria, an internationally competitive world-class brand and a credible financial partner.  FirstBank has been named “Most Valuable Bank Brand in Nigeria” six times in a row (2011 – 2016) by the globally renowned “The Banker Magazine” of the Financial Times Group; “Best Retail Bank in Nigeria” for seven consecutive years (2011 – 2017) by the Asian Banker International Excellence in Retail Financial Services Awards and “Best Bank in Nigeria” by Global Finance for 15 years. Our brand purpose is to always put customers, partners and stakeholders at the heart of our business, even as we standardise customer experience and excellence in financial solutions across sub-Saharan Africa, in consonance with our brand vision “To be the partner of first choice in building your future”. Our brand promise is to always deliver the ultimate “gold standard” of value and excellence. This commitment is anchored on our inherent values of passion, partnership and people, to position You First in every respect.

 

 

 

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

news

Nigeria @65: 12 major achievements Tinubu highlighted in Independence Day speech

Published

on

President Bola Tinubu has highlighted some of his administration’s achievement as Nigeria celebrate 65th anniversary of her independence.

In his Independence Day broadcast on Wednesday, the President listed key reforms and economic milestones his administration has recorded in the past 28 months.

Below are the highlights:

1. Record Non-Oil Revenue Growth

Tinubu said his administration has diversified government earnings beyond crude oil.

“We have attained a record-breaking increase in non-oil revenue, achieving the 2025 target by August with over N20 trillion. In September 2025 alone, we raised N3.65 trillion, 411 percent higher than the amount raised in May 2023.”

2. Improved Fiscal Health

The President stressed that Nigeria’s debt servicing burden has been reduced significantly.

“Our debt service-to-revenue ratio has been significantly reduced from 97% to below 50%. We have paid down the infamous ‘Ways and Means’ advances that threatened our economic stability.”

3. Stronger Foreign Reserves

Tinubu noted a boost in external reserves, giving Nigeria a cushion against global shocks.

“Our external reserves increased to $42.03 billion this September — the highest since 2019.”

4. Rising Tax-to-GDP Ratio

According to the President, his government is expanding its tax base without overburdening ordinary Nigerians.

“Our tax-to-GDP ratio has risen to 13.5 percent from less than 10 percent. The new tax law will expand the base and provide tax relief to low-income earners.”

5. Nigeria Now a Net Exporter

Tinubu also emphasised that for the first time in years, Nigeria is selling more to the world than it buys.

“Nigeria has recorded a trade surplus for five consecutive quarters… Non-oil exports now represent 48 percent, compared to oil exports at 52 per cent.”

6. Oil Production Rebound

He added that crude output has increased after years of underperformance.

“Oil production rebounded to 1.68 million barrels per day from barely one million in May 2023… the country has made notable advancements by refining PMS domestically for the first time in four decades.”

7. Stabilisation of the Naira

The foreign exchange reforms, Tinubu said, have curbed volatility.

“The Naira has stabilised… The multiple exchange rates, which fostered corruption and arbitrage, are now part of history.”

8. Social Investment in Vulnerable Households

“Under the social investment programme… N330 billion has been disbursed to eight million households, many of whom have received either one or two out of the three tranches of the N25,000 each.”

9. Solid Minerals Sector Growth

In mining, Tinubu said coal mining has rebounded, signalling diversification in natural resources.

“Coal mining recovered dramatically from a 22% decline in Q1 to 57.5% growth in Q2, becoming one of Nigeria’s fastest-growing sectors.”

10. Transport Infrastructure Expansion

The President maintained that his administration is accelerating work on major rail and highway projects.

“The 284-kilometre Kano-Kastina-Maradi rail project and the Kaduna-Kano rail line are nearing completion. Work is progressing on the Lagos-Calabar Coastal Highway and Sokoto-Badagry Highway.”

11. Global Recognition of Economic Reforms

Tinubu said international markets are responding positively.

“Sovereign credit rating agencies have upgraded their outlook for Nigeria… Our stock market is experiencing an unprecedented boom, rising from an all-share index of 55,000 points in May 2003 to 142,000 points as of September 26, 2025.”

12. Monetary Policy Confidence

The Central Bank has responded by lowering interest rates.

“At its last MPC meeting, the Central Bank slashed interest rates for the first time in five years, expressing confidence in our country’s macroeconomic stability.”

Continue Reading

news

Nigeria upholds religious tolerance; there is no persecution, says Tinubu.

Published

on

President Bola Tinubu has categorically denied any deliberate religious persecution in the country.

He stated this on Tuesday in Owerri, the Imo State capital, at the book launch on “A decade of Impactful Progressive Governance in Nigeria authored by Governor Hope Uzodimma.

Tinubu insisted there is religious tolerance in Nigeria and Christians and Muslims were coexisting well, stressing that the talk of persecution in the country is false and unfounded.

He said, “There’s no religious persecution in Nigeria. It’s a lie from the pit of hell. I have always believed in good governance, and since I assumed office, I have focused on your welfare. Today, Nigerians can confidently say we have well-equipped hospitals, and we can treat critical illnesses such as cancer.”

There’s report recently that American talk show host Bill Maher had claimed that Christians are being systematically killed in Nigeria.

Maher, in a viral clip from his show Real Time with Bill Maher, alleged that up to 500,000 Christians had been killed in the country, describing the situation as genocide.

The video was circulated by international influencers, including Radio Genoa, an anti-Islamic personality on X.

Speaking further, the President assured Nigerians that they will soon start experiencing prosperity under his administration.

Tinubu said, “Nigeria’s economy just turned a corner, and you will receive prosperity; those talking negatively about this country should stop saying so.

 

“Just be patient, as all Nigerians will feel the prosperity in due time; don’t be corrupt.”

Continue Reading

news

BREAKING: Crisis Erupts as Dangote Refinery Halts Petrol Sales in Naira; PENGASSAN Orders Gas Supply Cut

Published

on

…….Group cautions against sabotage of Dangote Refinery

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has ordered its members across key oil and gas companies to halt supply of crude oil and gas to the Dangote Petroleum Refinery.

The order followed the alleged sack of 800 workers by Dangote Petroleum Refinery last Thursday.

In a memo by the General Secretary of PENGASSAN, Comrade Lumumba Okugbawa, to Branch chairmen in TotalEnergies, Renaissances, Chevron, Shell Nigeria Gas, Oando, and Seplat Producing Nigeria Unlimited. PENGASSAN directed the immediate shutdown of valves and suspension of all crude loading operations to the facility.

FERA refutes PENGASSAN’s allegations against Dangote Refinery
Dangote Refinery, PENGASSAN clash over fate of 800 workers
Planned sale of oil, gas assets could plunge economy into crisis – PENGASSAN, NUPENG, warn FG
Group cautions against sabotage of Dangote Refinery

The Dangote Petroleum Refinery has suspended the sale of petrol in naira, a move that has unsettled fuel marketers and heightened concerns over possible pressure on pump prices and the foreign exchange market.

In an email sent to customers at 6:42 pm on Friday, the refinery announced that the suspension will take effect from Sunday, September 28, 2025. The decision, it explained, was triggered by the depletion of its crude-for-naira allocation.

The statement, by the Group Commercial Operations of Dangote Petroleum Refinery & Petrochemicals and titled “Suspension of DPRP PMS Naira Sales – Effective 28th September 2025”, advised customers with pending naira-based transactions to request refunds.

Dangote Refinery, PENGASSAN clash over fate of 800 workers
Read Also: Dangote Refinery, PENGASSAN clash over fate of 800 workers

It reads in part: “We write to inform you that Dangote Petroleum Refinery & Petrochemicals has been selling petroleum products in excess of our Naira-Crude allocations and, consequently, we are unable to sustain PMS sales in Naira going forward.

“Kindly note that this suspension of Naira sales for PMS will be effective from Sunday, 28th of September, 2025. We will provide further updates regarding the resumption of supply once the situation has been resolved.

“All customers with PMS transactions in Naira who would like a refund of their current payments should formally request the processing of their refund.”

This is not the first time the refinery has halted naira transactions. In March 2025, it briefly suspended sales of refined products in the local currency, also citing inadequate crude-for-naira allocations. That earlier decision triggered concerns about the dollarisation of fuel sales and pushed petrol pump prices to nearly ₦1,000 per litre.

Continue Reading

Trending

Copyright © 2025 Newsthumb Magazine | All rights reserved