News

Another Milestone As FirstBank’s Agent Credit Scheme Disburses N1bn In 1 Day

Published

10 months ago

May 30, 2025

Firstmonie Agent Credit Scheme is a FirstBank’s digital lending solution designed to empower a wide range of low-income individuals who face barriers in accessing traditional credit channels. This innovative program offers financial support to Firstmonie Point-Of- Sale agents by enabling them to overcome liquidity challenges and capitalise on new opportunities without disruption in business due to lack of funds in agents accounts.

The Agent Credit scheme is aimed at bridging financial gaps and solving liquidity challenges, resulting from depleted account balances, even when the Agents have physical cash at hand. The scheme helps them to run business effectively by providing digitised loans which are convenient, seamless and easily accessible via the Firstmonie App.

Agent Credit is a groundbreaking innovation that elevates the Agent experience. This game-changing scheme digitalises loan application processes and enables agents access to digital loans with greater ease. By proffering varieties of value-added services for Agents this unlocks new business opportunities, eliminates lengthy payment delays, and provides agents with instant access to loans, hence revolutionising the way they operate and assures their entrepreneurial success.

For over 131 years, FirstBank has been a giant advocate for their customers, enabling their success by providing a secure and trustworthy environment for their financial transactions. Agent Credit is a testament to FirstBank’s commitment to empowering their agents and elevating their business experience.

Reiterating the Bank’s role in deepening financial inclusion in the country, Chuma Ezirim, Group Executive, e-Business & Retail Products, said “With this innovative solution, we are bridging the financial gap and providing our agents with the necessary tools to succeed in today’s fast-paced market. By extending credit facilities with a low interest rate, increasing eligibility loan amount as transaction increases and streamlining loan application processes, we are confident that Agent Credit will revolutionize the way our agents operate, enabling them to reach new heights of success and growth. FirstBank remains committed to financial literacy and inclusion, empowering individuals and communities to manage their finances effectively”.

The creation of Firstmonie Agents was in compliance with the Central Bank’s directive for all banks to expand banking to all the unbanked areas of the country in order to create financial inclusion across the nation. By expanding financial services to rural areas, FirstBank creates employment opportunities and drives economic growth. The presence of banking agents in all the nooks and crannies of the nation was accomplished by FirstBank within a short period of time such that by December 2021 they had covered 772 out of the existing 779 Local Government Areas in Nigeria. These services help businesses grow and innovate, while initiatives like Agent Credit promote financial inclusion, education, and access to financial services, ultimately contributing to economic development.

Since the creation of Agency Banking, the ease of access to business and indeed personal funds has been great. Many lives were lost in the past through travels from villages or rural settlements to the city in order to use banking facilities. Today, “Mobile ATMs” as the agents are fondly called are equipped to carry out services which includes account opening, cash deposit, cash withdrawal, bills payment, and money transfers. FirstBank has undergone several transformations, constantly adapting to the changing financial landscape, pioneering various banking solutions to meet the needs of its diverse customer base. The bank’s retail banking division has been instrumental in providing accessible financial services, contributing to the nation’s economic development. The scheme offers more than funds, the Agents are trained regularly, exposed to technology and other incentives like bespoke award events where attractive prizes are won.

Disbursing N1 billion in a single day to its Agents through the Agent Credit Scheme is a significant milestone by the Nation’s Pioneer Financial institution. This accomplishment underscores FirstBank’s commitment to financial inclusion and its innovative approach to retail banking. Since its launch in 2020 the Agent Credit scheme has provided solutions to the agent’s pressing needs by providing quick access to affordable credit facilities, enabling them to manage liquidity challenges and expand their businesses. Agents can access up to N1.5m with loans disbursed in under a minute through the Firstmonie App. The facility is not only super-fast, it offers a flat interest rate of 0.3% with flexible repayment terms, making it an attractive option for agents seeking to increase their operations.

Since its inception, the bank’s Agent Credit Scheme has disbursed over N571 billion empowering over 37,000 Firstmonie Agents in 3 million loan counts, reinforcing FirstBank’s commitment to supporting Firstmonie Point-Of- Sale agents and promoting economic development. A testament to FirstBank’s Retail Banking leadership. The successful disbursement of N1 billion in a single day through the Agent Credit Scheme highlights the bank’s innovative approach to retail banking and its dedication to financial inclusion.

Turning Events Into Income: Profiting From Party Equipment Rental Business

26 minutes ago

Marthe Myolle Lauzandier (Byenblanllc)

3 days ago

By leveraging technology and a vast Agent network, the bank has transformed the banking experience of millions of Nigerians especially those in remote and underserved communities. FirstBank’s retail banking strategy, characterized by customer-centric solutions and digital innovations continues to set industry standards. The bank’s efforts have not only enhanced financial access but also contributed to job creation and economic empowerment across the country.

By empowering Firstmonie Agents with the necessary tools, resources and incentives, FirstBank fosters a more inclusive financial ecosystem, ensuring that banking services are accessible to all Nigerians, regardless of their location. As FirstBank continues to innovate and expand its retail banking services, it remains steadfast in its mission to be the partner of first choice in building the future of its customers and the nation at large.

-Leadership

Education

NFVCB Boss Urges Stronger Distribution Channels As Coal City Film Festival 2026 Opens In Enugu

Published

11 hours ago

March 27, 2026

Olumide Ojo

The Executive Director/Chief Executive Officer of the National Film and Video Censors Board (NFVCB), Dr Shaibu Husseini, has called for stronger distribution frameworks within Nigeria’s film industry to ensure that locally produced content achieves global visibility.

‎
‎Dr Husseini made this call while delivering the keynote address at the opening ceremony of the 2026 edition of the Coal City Film Festival, held in Enugu.
‎Welcoming participants to the festival, Dr Husseini expressed his personal delight at hosting the event in Enugu, his birth state, noting the city’s rich cultural heritage and longstanding contributions to Nigeria’s creative landscape.
‎
‎He commended the festival organisers, particularly the Festival Director, Uche Agbo, for their resilience and commitment in sustaining the initiative.
‎
‎ According to him, the Coal City Film Festival has grown into a significant cultural platform and a must-attend cinematic event in South East Nigeria.
‎Speaking on the festival’s theme, “Local Stories, Global Screens,” Dr Husseini emphasised the importance of authenticity in storytelling. He noted that films rooted in local realities, languages, and cultural truths often resonate more strongly with global audiences.
‎
‎He cited notable Nigerian productions such as “King of Boys” by Kemi Adetiba, “The Wedding Party” by Mo Abudu, “Anikulapo” by Kunle Afolayan, “Black Book” by Editi Effiong, and “Lionheart” by Genevieve Nnaji as examples of culturally grounded stories that have gained international recognition on platforms such as Netflix and at global film festivals.
‎
‎While acknowledging the growth in film production across Nigeria, the NFVCB boss identified distribution as a major bottleneck in the industry. He observed that many high-quality films struggle to reach audiences both locally and internationally due to limited distribution channels.
‎
‎Dr. Husseini therefore urged film festivals across the country to evolve beyond networking platforms into active marketplaces where filmmakers can secure distribution deals. He stressed that festivals must attract distributors, exhibitors, streaming platforms, and marketers to create tangible opportunities for filmmakers.
‎
‎“Film festivals must become gateways to distribution where filmmakers leave not just with applause, but with real opportunities,” he said.
‎
‎Reaffirming the Board’s commitment to industry development, Dr. Husseini stated that the NFVCB has continued to reposition itself as a partner in progress by engaging stakeholders, improving classification processes, and promoting a balance between creative freedom and social responsibility.
‎
‎However, he raised concerns over increasing non-compliance with regulatory requirements, noting that some filmmakers bypass the Board by releasing unclassified films or operating without proper licensing.
‎
‎He reiterated that all films and video works must be submitted to the NFVCB for classification and registration before being released on any platform, including digital platforms such as YouTube.
‎
‎“This is a legal obligation, and the Board will not hesitate to take decisive action against defaulters,” he warned, adding that regulation is essential for protecting the industry, audiences, and national values.
‎
‎Looking ahead, Dr. Husseini assured stakeholders of the Board’s continued collaboration with filmmakers and festival organisers to build a structured, sustainable, and globally competitive Nigerian film industry.
‎
‎He concluded by commending the organisers of the Coal City Film Festival for their vision and contribution to Nigeria’s cultural economy, urging filmmakers to continue telling authentic stories that can resonate across global screens.

-Leadership

News

Wike Reaffirms Nigeria–EU Ties, Moves To Reclaim Encroached Diplomatic Lands

Published

16 hours ago

March 27, 2026

Olumide Ojo

The Minister of the Federal Capital Territory, Nyesom Wike, has reiterated Nigeria’s commitment to strengthening its relationship with the European Union, while announcing steps to recover diplomatic lands in Abuja allegedly taken over by land grabbers.

Wike made this known on Thursday during a courtesy visit by the EU Ambassador to Nigeria and ECOWAS, Gautier Mignot, in Abuja.

He emphasised the importance of sustained cooperation between Nigeria and EU member states, noting that the partnership aligns with the broader policy direction of President Bola Tinubu’s administration.

“We will continue to engage EU member countries to further strengthen bilateral relations,” the minister said.

Addressing concerns over diplomatic land allocations, Wike disclosed that several plots originally designated for EU countries had been unlawfully occupied over the years. He noted that the FCT Administration has begun reclaiming such lands.

“We discovered that some lands allocated to EU member countries were taken over by land grabbers. In recent weeks, we have moved to recover those lands by removing illegal structures,” he stated.

He added that the government would formally communicate with the affected countries to determine their continued interest in the properties and ensure rightful ownership is restored.

“We are writing to those countries. If they still intend to retain the lands, we are willing to return them. We will not allow land grabbers to take advantage,” Wike said.

The minister also commended the EU for its contributions to governance and justice sector reforms in the FCT, particularly in court digitalisation and improved justice delivery.

“I am aware of your support, especially in strengthening the administration and dispensation of justice. We will continue to partner with you to deepen these initiatives,” he added.

On requests for land allocation for local EU staff, Wike assured that applications would be considered based on due process, stressing that such processes must ultimately benefit the public.

He further addressed infrastructure concerns at the IBB Golf Club, confirming that a caretaker committee has been constituted, with rehabilitation works expected to commence soon.

In his remarks, Mignot described Nigeria as a key strategic partner for the EU, noting that both parties are entering a new phase of deeper engagement.

“The European Union remains one of Nigeria’s foremost trade and development partners. Our relationship is strong, mutually beneficial, and evolving into a more significant phase,” he said.

He highlighted ongoing EU-supported programmes in the FCT, including judicial reforms, court digitalisation, human rights initiatives, and support for victims of gender-based violence.

Mignot also invited the FCT minister to engage further with EU ambassadors to explore collaboration in areas such as waste management, urban planning, and water infrastructure.

Meanwhile, Wike recently ordered the demolition of buildings illegally constructed on land designated for foreign embassies in the diplomatic zone of Katampe Extension, Abuja.

He explained that the land, originally allocated on March 18, 2008, for residential use by diplomatic missions, was later encroached upon by an unauthorised developer who commenced construction without approval from the Federal Capital Development Authority.

The affected diplomatic missions include Thailand, Bulgaria, Syria, Somalia, Serbia and Montenegro, Japan, Austria, Switzerland, Senegal, and the Palestine Liberation Organisation.

-Leadership

News

Inspector-General Disu Submits 75-Page Framework On ‘State Police’ To Senate As Push Gains Momentum

Published

17 hours ago

March 27, 2026

Olumide Ojo

According to a statement issued on Thursday by Ismail Mudashir, Special Adviser on Media and Publicity to the Deputy Senate President, the document titled “A Comprehensive Framework for the Establishment, Governance and Coordination of Federal and State Police” was presented at Jibrin’s office within the National Assembly complex.

The Inspector-General of Police, Olatunji Disu, has submitted a 75-page framework on the establishment of State Police to the Deputy President of the Senate, Barau Jibrin, in a fresh move to advance decentralised policing in Nigeria.

The report was delivered on behalf of the IGP by Prof Olu Ogunsakin, who chairs the Nigeria Police Force committee set up to develop modalities for instituting State Police.

Disu said the document encapsulates the Force’s professional input following extensive consultations and a thorough evaluation of the legal, operational and administrative implications of decentralised policing.

“The report covers the considered views, professional insights and strategic recommendations of the Force, derived from extensive consultations and a careful assessment of the operational, legal and administrative implications of instituting State Police in Nigeria,” Disu said.

“It is our expectation that the contents of this report will meaningfully contribute to ongoing deliberations and assist in shaping informed, balanced, and pragmatic decisions on this critical aspect of national security architecture.”

The police chief noted that the framework has been formally submitted to the Senate Committee on the Review of the 1999 Constitution as the Nigeria Police Force’s official contribution to the ongoing constitutional amendment process.

Responding, Senator Jibrin commended the IGP for what he described as a proactive step aligned with the security agenda of Bola Ahmed Tinubu.

“The Deputy President of the Senate commended the IGP for his proactiveness on the establishment of State Police in line with President Bola Ahmed Tinubu’s agenda to fully secure the country,” the statement read.

He assured that the Senate Committee reviewing the Constitution would carefully examine the framework alongside other submissions as part of efforts to strengthen Nigeria’s legal foundation.

The proposed framework is expected to outline the operational structure, governance model, and coordination mechanisms between federal and state policing systems— marking a significant step in ongoing efforts to overhaul Nigeria’s security architecture.

SaharaReporters had earlier reported that Disu inaugurated an eight-member committee in March to drive the implementation of State Police, declaring that the reform was irreversible.

At the inauguration in Abuja, the IGP insisted that decentralised policing “has come to stay,” dismissing concerns that it could threaten the roles of existing police personnel.

“State Police has come to stay, and the police should be able to contribute their part in making it succeed. The police are not afraid, our jobs are not being taken,” he said.

He described the committee’s assignment as urgent and critical, giving members one month to submit their report amid rising security challenges across the country.

Disu stressed that the move towards State Police is aimed at strengthening internal security by bringing law enforcement closer to communities and enabling faster, more targeted responses to threats.

“Across the nation, we continue to confront evolving security challenges. These require innovative thinking, strategic collaboration, and the willingness to explore reforms,” he added.

The push for State Police has gained renewed momentum following President Tinubu’s assurance that the plan would not be shelved, urging stakeholders to support the initiative.

-Sahara