First Bank unveils N1m loans for 86,300 POS agents | Dailytrust

First Bank unveils N1m loans for 86,300 POS agents

First Bank of Nigeria
First Bank of Nigeria

First Bank of Nigeria Limited has announced the provision of loan facilities of about N1 million each to 86,300 Firstmonie banking agents across the 774 local government areas nationwide.

A statement from the bank said Firstmonie agents have been integral to filling the financial exclusion gap, especially across suburbs and remote environments that have no access to financial services.

It also said the bank’s financial inclusion activities are in line with the mandate of the Central Bank of Nigeria (CBN) to ensure the availability of affordable financial products and services nationwide.

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

He further noted that with the 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 24 hours a day in less than two minutes,” he stated.


Dear Reader,
Every day, we work hard to provide readers such as you with the most accurate, up-to-date, and comprehensive information. Quality journalism costs money. Today, we're asking that you support us to do more. Your support means that Daily Trust can keep offering journalism to everyone in the world. Sign up for as little as N1,000 to become a member. Learn more about our membership here

Bank transfers can be made to:
Zenith Bank
Media Trust Ltd

Please send details of your bank transfer to the email or Whatsapp number below so that we can contact you.

If you have any questions, please let us know.

Whatsapp: +234 806 990 3410