Home » Business » FirstBank supports FirstMonie Agents with loan Facilities
FirstBank

FirstBank supports FirstMonie Agents with loan Facilities

FirstBank says each 86,300 Firstmonie Agents to receive up to N1 million across 772 Local Government Areas in Nigeria

Advertisement

IT News Nigeria:

First Bank of Nigeria Limited has announced recently the provision of loan facilities, up to one million naira, to its Firstmonie agents.

The Bank said the move is in furtherance of the need to promote the business activities of its agent banking platform – Firstmonie Agents. It added that the Bank currently has over 86,300 Firstmonie Agents, spread across the country’s 772 Local Government Areas.

With its location in every neighbourhood, Firstmonie Agents have been integral to filling the financial exclusion gap, providing convenient banking services that are easily accessible, thereby saving time and travel costs for individuals in the suburbs and remote environments that have no access to financial services.

The  Bank’s financial inclusion activities is in line with the mandate of the Central Bank of Nigeria (CBN) to ensure the availability of affordable financial products and services to all individuals and groups of people in the country; irrespective of location, literacy levels, familiarity with technology and accessibility to modern infrastructural facilities. The Firstmonie Agent channel is amongst the Bank’s many initiatives to expand financial access in the country.

Appreciating the Firstmonie Agents, Mr. Chuma Ezirim, Group Executive, e-Business & Retail Products, First Bank of Nigeria Limited said “the roles played by our Firstmonie Agents in promoting businesses across the nooks and crannies of the country cannot be overemphasized as they have continued to set the pace in extending financial inclusion to communities with little or no access to financial services.

READ ALSO  Turkey fines Google $25m for advertising abuse

“With our Firstmonie Agents in every neighbourhood, several communities have witnessed a surge in business and financial activities, which is contributory to national growth and development. We commend our Agents and are delighted to support them with credit facilities, which they can access 24hours a day in less than 2minutes.”

Leave a Reply

Your email address will not be published.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

*

x

Check Also

Firstbank

Ajayi wins 59th FirstBank Lagos Open Golf Championship

Ikoyi Club based category-1 amateur golfer, ...

COVID-19: FirstBank announces new ‘Mask Up, Stay Safe” Campaign

FirstBank announced its ongoing digital campaign ...

td plus

TD Plus, Samsung offer 50% discount on screen repair

TD Plus, an arm of TD ...

737 max

Study reveals new cover-ups as Boeing attempts to hurry killer 737 Max back to the skies

Investigators have said Boeing officials “inappropriately ...

Paxful

2020 highlights: Why Nigeria is booming crypto market – Paxful

Paxful, a people-powered global marketplace for ...