FirstBank Hits N1 Trillion in Transactions on its Firstmonie Network


 Friday, May 09, 2019/09:00AM/Firstbank


Nigeria’s premier financial services provider and Bank of first choice, First Bank of Nigeria Limited has announced that its Firstmonie network has processed a cumulative transaction value of N1 trillion from its relaunch in January 2018. The network also achieved nationwide coverage in record time, enabling access to financial services for many locations that never had a way for its residents to access financial services. This is in line with the Central Bank of Nigeria (CBN)’s objective of bringing banking services close to all Nigerians, irrespective of where they live.


FirstBank’s Firstmonie service provides financial/banking solutions to rural and semi-urban locations across the country, such as account opening, cash deposit, cash withdrawals, airtime purchase, bill payments and much more. Through this channel, the Bank is committed to providing convenient services that endears trust and provides ease of access to banking products, thereby saving time and travel costs for users of our network.


According to Dr. Adesola Adeduntan, the Chief Executive Officer, First Bank of Nigeria Limited; “The Firstmonie scheme is supporting the Federal Government’s empowerment and job creation agenda as over 22,000 Nigerians, through this scheme, contribute to the increased economic activities of their neighborhoods. Our partner network is growing and we are particularly delighted about the progress we are making in actively driving nationwide Financial Inclusion, exposing communities to opportunities for growth, jobs, empowerment, and improved live conditions. Yet again, we are delighted to score another first in promoting financial inclusion in the country.”

“We appreciate our partner network and remain committed to working together to achieve even greater impact on the lives of Nigerians”, he concluded.


Related News

1.       Firstbank Empowers over 7000 Students on Financial Literacy, Commemorates the Global Money Week (GMW

2.      FirstBank Rewards Customers with Cardless Financial Transactions

3.      FirstBank Partners Azuri Technology To Promote Sustainable Development in Nigeria

4.      Firstbank Marches On, Brings The World To A Standstill

5.      Firstbank And Azuri Partner To Bring Solar To Millions And Deepen Financial Inclusion In Nigeria

6.      FirstBank Partners the Nigerian Army to Deepen Financial Inclusion

7.      Microsoft 4Afrika Partners FirstBank To Support SMEs

8.     How FirstBank Is Making Customers Stay Connected Through Its e-Channels

9.      Educational Solutions and School Financial Needs Resolution From FirstBank

10.  FirstBank Reinforces Financial Inclusion With New Market Activations

Related News