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WITH FIRSTBANK’S SPARK, GLAD TIDINGS ECHO FOR LESS PRIVILEGED CHILDREN

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Their excitement was exceptional that Saturday morning on 6 July 2019. It was an overflowing river of joy and gratitude they could not contain, pumping from their hearts. The students and staff of Wesley School for the Hearing Impaired, Surulere, Lagos had a good reason to be ecstatic.

The Chief Executive Officer of FirstBank, Dr. Adesola Adeduntan – First Bank of Nigeria Limited – and a team of volunteers from the nation’s premier financial institution visited the school to demonstrate acts of random kindness. Provisions (Food supplies, drinks, toiletries) and educational materials were given to the school to cater for the hundreds of children under the care of Mr. Kehinde Alimi, Principal of Wesley School 1.

The visit to Wesley School for the Hearing Impaired was part of the 2019 CR&S Week activities by FirstBank. The Bank had its maiden CR&S week in 2017.

Expressing his gratitude, Alimi began his speech by asking the students of the school to shout, ‘three hallelujahs’, thereon stating “I sincerely thank every member of your team (FirstBank) for their kindness and generosity. For all you have given us, God will replenish you back a million times. To have reached this stage as an institution has not been easy, but we have been able to pull through with the support of God and organisations like yours. The sheer quantum of materials you have brought also shows that you recognise that we are two schools and not just one – Wesley School for the Hearing Impaired 1 for senior students and Wesley School for the Hearing Impaired 2 for the junior students. You have proved that FirstBank is indeed the first while others follow.”

Like Oliver Twist, Alimi couldn’t resist asking for more: “We thank you most sincerely for today’s visit and we kindly enjoin you to continue to find time to interact with us. For us to have been in your thoughts means that you are concerned about our welfare, but we will still be approaching you with requests. We want you to find time out of no time to come and be part of our programmes. We are grateful for your efforts and pray that God will continue to sustain the Bank and all its staff. Thank you very much for all your cumulative efforts.”

Dr. Adeduntan had explained that the FirstBank team came to the school to demonstrate the kindness that it preaches and to assure students and staff of its support.

He said, “we believe that if all of us can show acts of kindness to people around us, we will make the world we live in a much better place for everyone. Our decision to come here today is to show appreciation to the management for shouldering the enormous responsibility of taking care of these children with special needs. This visit is also to assure the children who are schooling here that, as the popular saying goes, you will not walk alone.”

Commendably, Twenty-three other charity homes/institutes including camps of Internally Displaced Persons (IDPs) were visited by FirstBank staff volunteers, led by senior members of staff. The Executive Director, Public Sector, FirstBank, Abdullahi Ibrahim with other volunteer employees visited the School for the Blind, Jabi, Abuja while the Group Head, Corporate Banking, Remi Ajose-Adeogun visited the Down Syndrome Foundation of Nigeria, Fagba, Lagos. Other visited locations were Madinatu and Almiskin IDP Camps, Maiduguri amongst others. Food supplies (provisions, drink, toiletries) and educational materials were delivered to all the visited homes.

The wide range of activities of the FirstBank CR&S week underscores SPARK (Start Performing Acts of Random Kindness), a values-based initiative by the Bank which focuses on creating and reinforcing a conscious mindset of showing compassion, empathy as well as giving to others.  It is aimed at inspiring people to make a difference as it is designed to promote kindness to one another. It is executed through a range of strategically designed activities including visits to homes for the less privileged members of society and talks about SPARK.

FirstBank’s visit to the various homes was particularly thoughtful in the light of the predicament of the less privileged and persons with disabilities in the country, estimated to be around 19 million by the National Population Commission in 2018.  Many of these persons face several challenges including hunger, starvation, stigmatisation, discrimination and lack of access to healthcare, housing and education. Though the government moved to intervene in their plight when President Muhammadu Buhari signed into law the Discrimination Against Persons with Disabilities (Prohibition) Act 2018 in January, there has yet been the expected respite for them hence, most of them rely on the benevolence of public-spirited institutions like FirstBank and individuals.

Considering the number of challenges that Nigerians living with disabilities face, especially lack of access to healthcare, housing and education, there’s no gainsaying the fact that they need all the care and support they can get. And by continuously including them in its plans since it commenced the enlarged CS&R Week in 2017, FirstBank has been at the forefront of providing support for the less privileged Nigerians by reiterating that no assistance is too much to help them live a fulfilled life.

With the impacts made across over half a dozen countries that play host to the Bank’s business operations, the FirstBank 2019 CR&S week reinforced that philanthropy is no doubt embedded in its DNA.

L-R: Matthew Daniel, student of Wesley School; Olusegun Alebiosu, Chief Risk Officer, FirstBank; Seyi Olusanya, student of Wesley School; Dr. Adesola Adeduntan, Chief Executive Officer, FirstBank; Olayiwola Adeola, student of Wesley School and Mr. Kehinde Alimi, Principal, Wesley School 1, during FirstBank’s visit to Wesley School for the Hearing Impaired at Surulere, Lagos as part of activities marking FirstBank’s 2019 CR&S week.

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FIRSTBANK MARKS SIGNIFICANT MILESTONE: ₦1 TRILLION IN INSTANT DIGITAL LOAN DISBURSEMENTS

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 FirstBank, a leading financial institution and provider of financial inclusion services in West Africa, announces the achievement of ₦1 trillion in cumulative instant digital loan disbursements. This accomplishment further consolidates the Bank’s reputation for innovation, leadership in financial inclusion, and commitment to customer empowerment within.

Since its inaugural digital loan in August 2019, FirstBank has developed an unconventional and robust digital lending ecosystem designed with Artificial Intelligence and Machine Learning, to improve access to finance, especially to the high-risk customer segment. The Bank created a multi- channel loan disbursement service that requires no collaterals, zero documentation and is void of human interactions. Through its FirstAdvance, FirstCredit and AgentCredit products, 1.5 million unique borrowers enjoyed instant and secure access to credit. This is irrespective of whether they are salary earners, non-salary earners, or micro business owners. They also have the convenient options of accessing these loans through platforms such as *894# (FirstBank’s USSD service), FirstMobile, LitApp and the FirstMonie Agent App.

Regarding this milestone, Chuma Ezirim, Group Executive, e-Business & Retail Products at FirstBank, stated: “This success underscores our ongoing commitment to innovation and a customer-focused approach, which are central to FirstBank’s core values. Beyond achieving substantial figures, we remain dedicated to fostering opportunities for financial independence across Nigeria in particular, and in Africa at large.’’

He added, “We value the trust our customers place in us to support their financial aspirations. Our efforts to advance digital lending will persist, especially to the excluded and underserved customer segments, while effectively managing risks in the process.”

FirstBank currently disburses about N1 Billion daily in digital loans, demonstrating its commitment to fostering an inclusive, technology-driven future for Nigerians. By consistently investing in advanced technologies and developing customised financial solutions, the Bank seeks to improve the financial well-being of individuals and businesses across the nation.

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FIRSTBANK PARTNERS UNGC TO DRIVE SUSTAINABLE FINANCE AND UNLOCK CAPITAL FOR DEVELOPMENT

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FirstBank, the West Africa premier financial institution and financial inclusion services provider, has strengthened its partnership with the United Nations Global Compact (UNGC) to reaffirm its commitment to driving sustainable finance and unlocking capital for development. This ongoing partnership was reinforced at the recently concluded Fourth International Conference on Financing for Development (FfD4) hosted by the United Nations Department of Economic and Social Affairs (UN DESA) in Seville, Spain.

 The FfD4 Conference brought together global leaders, policymakers, and private sector experts to discuss innovative solutions to address the growing SDG financing gap and unlock capital for development in fragile and underserved regions.

FirstBank’s Chief Risk Officer, Patrick Akhidenor, represented the bank at the conference and highlighted two FirstBank flagship initiatives driving resilience finance in Nigeria: The Solar Equipment Financing initiative and the revamped FirstGem Fund. The Solar Equipment Financing initiative offers tailored financing options for the purchase and installation of solar power systems, ensuring access to clean, reliable, and affordable energy solutions. The FirstGem Fund, a women-focused proposition, provides single-digit interest loans to women entrepreneurs without collateral requirements, targeting funding gaps in critical sectors.

‘’We are committed to driving sustainable finance and unlocking capital for development,” said Patrick Akhidenor. “Our partnership with UNGC and participation in the FfD4 Conference demonstrate our dedication to innovative finance solutions that address the SDG financing gap.”

Sanda Ojambo, CEO of UNGC, emphasized the need for innovative, inclusive financial models for underserved regions. “The private sector must play a central role in shaping fit-for-purpose, scalable finance solutions,” she said. “De-risking tools and blended finance can help unlock capital and drive meaningful impact.

FirstBank’s partnership with Development Finance Institutions (DFIs) and its SMEConnect hub demonstrate its capacity to lead efforts in sustainable finance. The bank provides training, networking, and tailored financing to SMEs across various sectors, including education, healthcare, and retail

 

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Access Holdings Reaffirms Strategic Growth Plan from Expansion to Optimisation

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Access Holdings PLC, the parent company of Access
Bank, has reaffirmed its long-term strategic blueprint anchored on a deliberate and
structured progression: scale, optimise, and sustain.
This roadmap, which has driven the Group’s aggressive expansion across Africa and
into key global markets, is now entering a crucial optimisation phase, expected to unlock
significant value for stakeholders as the organisation heads toward 2027.
Speaking on the strategy, Bolaji Agbede, Acting Group Chief Executive Officer, noted:
“Our approach has always been clear: scale first through strategic expansion, then
optimise through consolidation, synergy realisation, and operational efficiency. During
the scale-up phase, a considerable amount of funding is required to drive investments in
people, systems, infrastructure, and acquisitions.
“But as we move deeper into the optimisation phase, we will begin to see the full benefits
manifest, especially in terms of profitability, capital efficiency, and shareholder returns.”
Access Holdings’ five-year strategic plan, which runs through to 2027, also places
financial inclusion and impact at the core of its growth agenda. By expanding digital
access and scaling low-cost delivery platforms, the Group aims to onboard millions of
previously unbanked and underserved individuals and MSMEs across Africa into the
formal financial system. This is part of a broader strategy to enhance intra-Africa trade,
empower smallholder businesses, and strengthen the value chain across key sectors
including agriculture, commerce, and manufacturing.
The Full Year 2024 financial results demonstrate that the Group’s investments are
already yielding meaningful outcomes. Gross earnings rose to N4.878 trillion from
₦2.594 trillion in 2023, while profit before tax increased by 19% to N867.0 billion. Total
assets surged by 55.5% to N41.498 trillion, reinforcing Access Holdings’ position as one
of Africa’s most formidable financial services institutions.
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