Connect with us

brand

GOING CASHLESS THIS SUMMER WITH FIRSTBANK TRAVEL KITS

Published

on

 

 

Having worked round the clock since the beginning of the year, it is ideal to take out time to relax and rejuvenate. Well, you do not need to wait until the end of the year to unwind as summer is already beckoning on discerning holiday makers to seek refuge in top travel destinations across the world.  If you have not jetted out yet due to the stress of traveling, especially the trouble of settling your travel bills, tickets and sundries, you can now do so and seamlessly too with the FirstBank Visa Multicurrency card, which allows you to go full cashless this summer in anywhere in the world.  The Visa Multi Currency Card, introduced by First Bank of Nigeria Limited, Nigeria’s premier and leading financial services provider, is an all-in one-card and first of its kind to be offered by any financial institution in the country. Most importantly, it can be linked to all of the four major currencies namely: NAIRA, USD, EURO and GBP accounts.  Beyond the international passport, the card is handy for the Nigerian business traveller and holiday makers, especially this summer period, which comes with lots of expenditures on airfares, hotel accommodations, tour bookings, shopping, theatre/concert tickets among others.  The card holders enjoy many benefits including; Point of Sale and online purchases, access to and use of ATMs worldwide, as well, there is no cash collateral requirement prior to its issuance. As expected, FirstBank is delighted in the innovative card, which offers seamless transactions to users, especially holiday makers frolicking in top destinations across the world this summer. Chuma Ezirim, Group Executive, e-Business & Retail Product, First Bank, sees the card as a milestone in the bank’s innovation, saying that, “FirstBank takes pride in pioneering the Visa Multi Currency Card in the country, as we remain committed to providing products and services that are designed to ensure the banking convenience of our customers regardless of their location.” For Ezirim, the card is designed to make traveling fun for the Bank’s customers and to ensure they have a seamless transaction experience during their vacation, tourism and other business-related trips around the globe. Having tested the card himself, he enjoined the Bank’s customers traveling abroad for summer to walk into any FirstBank branch for their Visa Multi Currency Card. While abroad, the bank’s customers can enjoy improved daily withdrawal limits of $1,000 on ATM, $2,500 on POS and $6,250 on web-based transactions. At home, they can withdraw as much as N150 on ATM, N500,000 and N2, 500,000 (from savings and current accounts respectively) on POS – N500,000, and N1,000,000 on web transactions locally.

Also customers who use the Bank’s Naira Master Card (NMC) have no need for BTA/PTA and stand to enjoy seamless transactions this summer with $5000 monthly spending limit and $300 daily ATM cash withdrawal limit. The seamless experience continues with the Visa Gold Card, which offer higher daily spending limit on ATM ($1,000), POS ($10,000) and WEB ($5,000) anywhere in the world. To ensure seamless transaction while on holiday this summer, the Bank urged customers to change their PIN before travelling out of the country to avoid transaction failures/invalid card.  However, the Bank assures its customers of safety with additional protection for web based transactions with “Verified by Visa” (VbV) and Chip & PIN technology with a lifespan of 3 years. With safety, the Bank is consolidating on its huge strength, which it assures the customers should rely on to further do business with it, including transactions outside the country as it watches their back with card security features.  Presently, FirstBank is the first financial institution in Nigeria to issue a whopping 10 million cards to customers across the country, and now among two other African banks to achieve the milestone. The 10 million cards issuance follows other feats such as the first financial institution in the country to achieve sustained alternative channels transaction volumes of 100 million transactions in December 2015 and May 2016. The most excited in all the achievements is Adesola Adeduntan, Chief Executive Officer, First Bank of Nigeria Limited. For him, delivering the Visa Multi-Currency Card feat at this time is a testament to the bank’s drive in delivering to its brand promise of putting customers first and continuously improving its business to serve them better. “One of the ways by which we were able to sustain this winning edge is the use of our instant issuance/instant activation technology, which we pioneered about 10 years ago. We have also consistently maintained the highest active card ratio in the industry. “This feat also implies that our customers are becoming more technology savvy and we would continue to encourage this attitude with our commitment to world class service delivery. Therefore, we must work to ensure optimal performance and availability of all our channels such as ATM, FirstMobile among others to guard against customer dissatisfaction”, explained the FirstBank CEO. However, the feats are being recognised from outside the bank and even by the industry regulators. FirstBank recently bagged a hattrick of awards at the Interswitch Connect Sales Dinner & Awards Night in Lagos recently. The awards are: Most improved Mobile Application, Highest Transacting Bank (across inter-switch’s solution) and Highest Number of Verve Transacting Cards (Unique Cards). Speaking on the awards, Folasade Femi Lawal, the bank’s Head, Card Business, said the awards are indeed a reflection of the trust by Nigerians on the bank’s digital channels as it leaves no stone unturned at reinventing itself, products and services with a view to remain steadfast at being a frontrunner at promoting digitization of the industry.With 125 years of experience in the banking industry, servicing over 15 million customer accounts, over 750 business locations and banking technologies that are well aligned to the fast paced technological advancement in modern day banking, FirstBank assures customers the best of service, security and experience even this summer.Once again, the Bank urges customers traveling abroad for summer to walk into any FirstBank branch for their Visa Multi Currency Card for a seamless holiday experience anywhere in the world.

Continue Reading
Click to comment

Leave a Reply

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

brand

Fidelity Bank Partners Aircraft Finance Germany to Grow African Aviation Industry

Published

on

Leading financial institution, Fidelity Bank Plc, has announced the signing of a strategic partnership agreement with Aircraft Finance Germany (AFG) to advance the aviation sector in Nigeria and across Africa by both organisations.

The agreement was formally executed by Mr. Christian Hatje, Managing Director, Business Aviation and SVP Commercial, representing AFG; and Mr. Stanley Amuchie, Executive Director and Chief Operations and Information Officer of Fidelity Bank Plc at a signing ceremony in Germany recently.

Speaking at the signing ceremony, Mr. Christian Hatje stated, “This partnership marks a significant milestone in our commitment to Africa’s aviation future. Partnering with Fidelity Bank, Nigeria’s leading aviation financier, we are confident in our ability to structure solutions that will drive meaningful growth across the sector.”

Through this partnership, both institutions will work closely to identify, finance, and grow aviation opportunities across the continent. The collaboration aims to provide innovative leasing and financing solutions that support airlines, aviation operators, and related stakeholders in expanding capacity, modernizing fleets, and strengthening operational and fleet efficiency.

“Fidelity Bank remains dedicated to supporting the aviation industry through tailored financial solutions. Our collaboration with AFG strengthens our capacity to provide sustainable financing that will contribute to the expansion of aviation in Nigeria and across Africa,” explained Mr. Stanley Amuchie.

This partnership reflects a shared vision to foster long-term development, stimulate investment, and create sustainable opportunities within the African aviation industry.

Nigeria remains a strategic hub for aviation development in Africa. By combining AFG’s leasing expertise with Fidelity Bank’s deep sector knowledge and financial strength, the partnership is positioned to unlock new growth pathways and enhance the sustainability of the aviation ecosystem.

This collaboration in Africa forms part of AFG’s broader global portfolio expansion strategy, reflecting the company’s continued commitment to structured aviation investments across multiple international markets.

Fidelity Bank is regarded as a market-leader in the Nigerian aviation industry with a long list of interventions across the value chain. Its aviation finance solutions support aircraft acquisition and leasing, route expansion, aviation infrastructure development, cargo and export enablement; and partnership structures for large projects.

Continue Reading

brand

GTCO Plc Releases 2025 Full Year Audited Result …Declares Another Record Dividend of 12.76k;

Published

on

Re-affirming Unrivalled Capacity to Creating Value₦ Lagos, London – 31st March 2026Guaranty Trust Holding Company Plc (“GTCO” or the “Group”) has released its Audited Consolidated and Separate Financial Statements for the year ended December 31, 2025, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE).The Group reported profit before tax of 1.23trillion underpinned by strong growth in core earnings, with interest₦ income and fee income increasing y-o-y by 23.2% and 25.9%, respectively. The performance reaffirms its capacity to generate sustainable earnings and builds on the momentum from 2024, when GTCO delivered a record profit of 1.27trillion, driven in part by 517.5billion in fair value gains, which did not recur in 2025.₦ ₦The Group’s 2025 profit after tax came in at 865.75billion against 1.02trillion recorded in 2024. The profit after tax₦ ₦ reflects the impact of recent fiscal policy adjustments to the taxation of investment securities, notably withholding tax on short-term instruments. However, when normalised for this effect, underlying earnings remain robust, driven by growth in core operating income. The Group continues to maintain a well-structured, healthy, and diversified balance sheet in all the jurisdictions wherein it operates a Banking franchise, as well as across its Payments, Pension and Funds Management business verticals. Total assets and shareholders’ funds closed at 1₦ 7.8trillion and 3.₦ 4trillion, respectively. Capital Adequacy Ratio (CAR) remained very robust and strong, closing at 43.8%, likewise asset quality improved as evidenced by IFRS 9 Stage 3 Loans which closed at 3.4% and 5.0% at Bank and Group level in FY-2025 (Bank, 3.5%, and Group, 5.2% in December 2024). Cost of Risk (COR) also improved to 2.2% from 4.9% in December 2024. In specific terms, the Group’s loan book (net) grew by 12.4% from 2.79trillion as of December 2024 to₦ 3.13trillion in December 2025. Similarly, deposit liabilities grew by 23.8% from 10.40trillion to 12.87trillion during₦ ₦ ₦ the same period.Commenting on the results, the Group Chief Executive Officer of Guaranty Trust Holding Company Plc, Mr. Segun Agbaje, said: “Our 2025 result underscores the resilience and depth of our earnings capacity. Following a record 2024, which included significant fair value gains, our focus has been on strengthening the sustainability of our earnings by driving growth across our core banking and ecosystem businesses. The strength of our underlying earnings, despite a stronger Naira and tighter regulatory parameters, reflects the quality of our franchise and the discipline with which we execute our strategy. Importantly, this strong core earnings performance underpins our capacity to sustain and grow shareholder returns. Our record dividend payout this year is not only a reflection of our current profitability but also of our confidence in the Group’s long-term earnings potential. Looking ahead, we remain focused on scaling our ecosystem, driving innovation across our financial services platform, and delivering consistent, high-quality earnings that support superior value creation for our shareholders.”Overall, the Group continues to post one of the best metrics in the Nigerian Financial Services Industry in terms of key financial ratios i.e., Post-Tax Return on Equity (ROAE) of 28.3%, Post-Tax Return on Assets (ROAA) of 5.3%, Capital Adequacy Ratio (CAR) of 43.8% and Cost to Income Ratio of 27.9%.Guaranty Trust Holding Company Plc is a leading financial services group with operations across Africa and the United Kingdom. Renowned for its strong corporate governance, innovative financial solutions, and customer-centric approach, the Group provides a wide range of banking and non-banking services including payments, funds management, and pension fund administration. GTCO Plc is committed to delivering long-term value to stakeholders while driving growth and development across its markets.

Continue Reading

brand

Zenith Bank and Ford Foundation Honour Unsung ‘Sheroes’ with Inaugural Woman of Power Award

Published

on


On  Saturday, March 28 2026, Zenith Bank held the climax of its month-long activities to commemorate March as women’s month. The event which held at The Civic Centre, was the second of such activity at the Centre, having held the International Women Day Seminar on the 9th of March, 2026. The event was to honour and give awards to exceptional women who have shown resilience in their communities with heir vocation impacting lives sustainably.Speakers after speakers eulogized Zenith Bank for its people-centred activities and appreciated the Ford Foundation for identifying the Bank as a worthy partner in its push to support women in their peculiar cultural and economic conditions across the world.Themed “Celebrating Resilience, Leadership, and Generosity” the award recognised 19 women who were selected from the six geo-political zones in trade, petty manufacturing, education, and agriculture. These women demonstrated extraordinary strength, leadership, and impact despite the significant challenges posed by the difficult economic situation in the country.According to the organisers, the initiative provided a platform to showcase unsung “Sheroes” — everyday women who are making meaningful contributions in their communities and fields. These include market women, small-scale business owners, community leaders, educators, healthcare workers, and many others whose vital roles often go unnoticed.The sponsors of the event noted that each awardee exhibited excellence in several key areas, including leadership and initiative, community impact, innovativeness and resourcefulness, perseverance, integrity, community trust, and philanthropy.Among those honoured were: Mrs Regina Amankulor, a retired nurse empowering young people in Umuode-Nsulu community, Isiala Ngwa North LGA, Abia State; Mary Matanmi, Coordinator of the Nigeria Association of Hairdressers, Barbers and Cosmetologists, Lagos State chapter; Ifeanyi P. Ugwueze, a Guidance Counsellor and Life Coach who continues to thrive despite blindness and is currently pursuing a doctorate degree.

Others include: Amina Musa, a trade educator based in Karonmajiji, AMAC, Abuja; Adenike A. Lambo, the Iyaloja of Ilorin; Sadiya Abubakar, an educator in Jibi (Deidei), Bwari Area Council, FCT; Erikan Idem Andrew, a market woman with significant community impact in Port Harcourt; Ngozi B. Nwankpa, an Aba-based fashion designer; Hadiza Umar, a Development Specialist based in Kaduna, Kaduna State; Joy C. Ezenwa (aka Mama Amala), a trader at Sabon Gari Market, Kano; Shola Esther Babalola (Mama Sho), promoter of natural honey and founder of the Mama Sho Honey brand in Lagos; Josephine Ugwu, a staff member of the Federal Airports Authority of Nigeria (FAAN), honoured for her honesty in recovering and returning millions of naira mistakenly dropped by passengers at Murtala Muhammed Airport, Lagos. And many others.In her keynote address, the Group Managing Director of Zenith Bank, Dame Dr. Adaora Umeoji, OON, who was represented by Executive Director, Adobi Nwapa, praised the awardees and reaffirmed the bank’s strong commitment to women’s empowerment. She noted that “Zenith Bank’s commitment to gender inclusion is not a rhetoric but one of the ethos that the bank holds very dearly”. In her words, she also said, “Zenith Bank has a 50-50 gender ratio with women occupying strategic positions in the bank’s management and Board up to the current Group Managing Director being the very first female to hold that position.The Regional Director of the Ford Foundation, Dr Chichi Aniagolu, described the Woman of Power Award as an eye-opener, noting that her team’s journey across the country revealed the vast and often overlooked facets of human potential among Nigerian women.Both the Ford Foundation and Zenith Bank Plc have pledged to sustain and grow the initiative in the coming years.Zenith Bank used the forum to notify the women of their various women-targeted products and initiatives, including the Z-Woman initiative, and the Bank’s 19-year sole sponsorship of the NBBF Women’s Basketball League; thus, further highlighting its position at the forefront of women empowerment and economic inclusion across the country.

Continue Reading

Trending

Copyright © 2025 Newsthumb Magazine | All rights reserved