First Bank of Nigeria Archives - Tech | Business | Economy https://techeconomy.ng/tag/first-bank-of-nigeria/ Tech | Business | Economy Tue, 07 Oct 2025 21:51:05 +0000 en-GB hourly 1 https://wordpress.org/?v=7.0.2 https://techeconomy.ng/wp-content/uploads/2026/02/cropped-techeconomy-logo-32x32.jpeg First Bank of Nigeria Archives - Tech | Business | Economy https://techeconomy.ng/tag/first-bank-of-nigeria/ 32 32 ₦384 Trillion in Digital Transactions: Nigeria Fintech Week 2025 Opens with a Call to Trust, Collaboration, and Innovation https://techeconomy.ng/nigeria-fintech-week-2025-trust-collaboration/ https://techeconomy.ng/nigeria-fintech-week-2025-trust-collaboration/#respond Tue, 07 Oct 2025 21:48:20 +0000 https://techeconomy.ng/?p=168910 Nigeria’s fintech expansion has reached a point of harmony, between ambition and regulation, innovation and inclusion, policy and people.

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As of July 2025, Nigeria recorded over 4.1 billion electronic transactions valued at ₦384 trillion, revealing the scale of the country’s digital growth

But at the Nigeria Fintech Week (NFW) 2025, the country’s most influential fintech gathering, speakers made it known that beyond the data, trust, collaboration, and innovation will define the nation’s digital future.

For the first time in its history, the week-long event is being held simultaneously in Lagos, Enugu, and Port Harcourt, bolstering inclusion as well as national reach, as is aligned with the theme “The Fintech Ecosystem Symphony: Orchestrating Nigeria’s Digital Future.”

This year’s edition is held at the Landmark Event Centre, Victoria Island, Lagos, bringing regulators, innovators, investors, and policymakers under one roof to discuss the fintech sector’s scale and sustainability.

From Association to Movement

Opening the day’s proceedings, Dr Stanley Jacob, president of FintechNGR, described the association’s evolution from a small group of pioneers to a national force building solid grounds for finance.

When Fintech Nigeria was set up, it wasn’t to sit back and watch,” he said. “It was to drive digital transformation for our financial landscape. We wanted to lead, and today, I can confidently say we are orchestrating that transformation.”

Dr Jacob noted that through its PIE Agenda — Participation, Innovation, and Expansion, FintechNGR has grown into a hub of activity with over 600 institutional members and 62 active volunteers driving impact.

We are no longer just an association. We are now a movement,” he said.

He explained that the association’s five Communities of Practice — covering innovation, cybersecurity, inclusion, policy, and industry advocacy — now anchor its influence in both local and international fintech conversations. “We have created an ecosystem that doesn’t just respond to change; we drive it.”

Harmony Through Collaboration

Picking up that thread, Dr Jameelah Sharrieff-Ayedun, vice president of FintechNGR and chairperson of Nigeria Fintech Week 2025, noted that fintech’s progress depends on collaboration.

Our ecosystem requires every instrument — regulators, innovators, investors, and consumers — to play their part,” she said. “This is more than a theme; it is a statement of intent.”

She noted that FintechNGR’s growing visibility in policy discussions is evidence of maturity. “We’re not just a ceremonial presence with regulators. We’re now recognised for our expertise and the value we bring to Nigeria’s financial and technology ecosystem,” she said.

Dr Sharrieff-Ayedun also stressed FintechNGR’s governance reforms, from data protection frameworks to transparency in operations, as part of building credibility. “Do not leave this week without making the deal you came to make. Like a symphony, we must all play in harmony.”

Nigeria Fintech Week 2025

Africa Can Deliver to the World

Dr Segun Aina, chairman of the FintechNGR Board of Trustees and president of the Africa Fintech Network (AFN), lifted the discussion to the continental aspect, affirming that Nigeria’s fintech success is part of a bigger African story.

Nigeria has four of the nine leading fintechs in Africa, and many more are on the way,” he said. “We are not just participating in the global fintech story, we are shaping it.”

He highlighted key AFN initiatives, including the Africa Fintech Hub, supported by the African Development Bank, and the Fintech Passporting Project, which aims to harmonise regulatory requirements across African countries.

With standardised frameworks, it will be seamless for fintechs to operate from one African country to another,” he said. “Africa can deliver to the world, not as followers, but as creators.”

Trust as the New Currency

Representing CBN Governor Olayemi Cardoso, Dr Rakiya Opemi Yusuf, director of the Payments System Supervision Department, reiterated the Central Bank’s focus on balanced innovation.

Like an orchestra, our fintech ecosystem requires harmony between innovation and regulation, inclusion and security,” she said. “Only through such balance can we advance trust and inclusion.”

She cited the ₦384 trillion figure as evidence of the deepening confidence in Nigeria’s financial technology systems. “The Central Bank embraces responsible innovation,” she said. “Compliance and trust are not barriers; they are the foundation of sustainability. When products are built on trust, they endure, and they attract investors.”

In alignment with this, Callistus Obetta, group executive, Technology & Services at First Bank of Nigeria, emphasised that trust is “the bedrock of financial services.”

In today’s digital world, trust is our real currency,” he said. “AI should not replace human relationships, it should enhance them, allowing people to serve customers with empathy and purpose.”

Policy and People at the Core

Representing Senator Adetokunbo Abiru, Blessing Adeolu-Adediran of CCHub delivered a goodwill message that tied policy, innovation, and human capital together.

The future of our nation will be shaped by the digital innovations of today,” she said. “This week reminds us that the Nigeria we envision tomorrow will be built by what we choose to do — or fail to do — now.”

She spotlighted the Sail Innovation Lab, a project that has trained over 9,000 young Nigerians in technology skills, as a practical model for inclusive growth.

One Vision, One Symphony

Nigeria’s fintech expansion has reached a point of harmony, between ambition and regulation, innovation and inclusion, policy and people.

Dr Stanley Jacob’s closing words at the Nigeria Fintech Week 2025 captured the spirit of the day: “Our mission continues, our vision remains clear, and our commitment is unwavering. Together, we will orchestrate Nigeria’s digital future.”

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Bismarck Rewane headlines FirstBank Nigeria Economic Outlook webinar for 2022 https://techeconomy.ng/bismarck-rewane-headlines-firstbank-nigeria-economic-outlook-webinar-for-2022/ https://techeconomy.ng/bismarck-rewane-headlines-firstbank-nigeria-economic-outlook-webinar-for-2022/#respond Thu, 13 Jan 2022 08:40:01 +0000 https://techeconomy.ng/?p=66011 . Bank sets the tone for deliberations on continued economic recovery and business impact

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First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider has announced its “Nigerian Economic Outlook Webinar” convened to reflect national and global economic trends that shaped 2021, whilst forecasting the economic outlook of 2022.

The virtual event themed “A rearview look at 2021, lessons learnt-Outlook 2022” is scheduled by 1 pm on Thursday, 13th January 2022 via Zoom meeting.

Click on the link  HERE  to register and participate in the event. Registration is Free!!!

The webinar aims to set the tone for the year by providing an opportunity for participants to learn directly from economic experts to stay informed and knowledgeably empowered to make the right decisions in their socio-economic activities in 2022 which will be impacted by the micro and macro-economic activities of the country.

With Nigeria’s economy projected to grow by 2.7% in 2022 as predicted by The International Monetary Fund (IMF) based on an expected recovery in crude oil prices and production, Nigeria will see economic activities normalizing. Key economic activities to watch out for in 2022 include the Global Market trends, removal of subsidies, and floatation of the Naira. However, recoveries in the oil sector and maximization of the e-Naira could help keep the parallel market in check.

Bismarck Rewane, the managing director/chief executive officer of Financial Derivatives Company Limited and the event’s keynote speaker will lead deliberations at the event.

Other speakers are Ini Ebong, Executive Director, First Bank of Nigeria Limited Treasury and International Banking; Opeyemi Agbaje, Chief Executive Officer (CEO) of RTC Advisory Services Limited, Olaitan Martins, Group Executive, Transaction Banking and Augustine Uddin, the Chief Economist, FirstBank.

Since the outbreak of Covid-19 over two years ago, the global economy has witnessed viral economic shocks that adversely affected socio-economic activities.

These have left many individuals and businesses struggling to stay afloat amid the economic downturn.

As a leading financial inclusion services provider in the country, FirstBank has remained committed to providing products, services and initiatives that have been crucial in mitigating the adverse effects of Covid-19 on individuals and households.

Speaking on the event, the Group Head, Marketing & Corporate Communications of FirstBank, Ms. Folake Ani-Mumuney said ‘being woven into fabric of the society for over 127 years means that we provide value, support and innovation-driven solutions for our stakeholders regardless of the challenges of the pandemic.

“Our commitment to nation-building is anchored partly on our thought leadership role designed to relentlessly drive growth and scale for all through engagements that showcase versatile subject matter experts endowed with expertise, knowledge and valuable insights.

“The webinar provides a platform for cross fertilization of ideas and opportunities to learn and grow.  Nigeria is a country rich in human and natural resources and these have helped in the reforms and resilience reflected in the economy in 2021”.

The COVID 19 pandemic brought disruption and challenges and largely Nigeria adopted measures to contain it. The pandemic also provided opportunities for rebuilding and facilitating economic transformation to close the gap with the rest of the world.

These include innovations in information technologies (IT) which have been critical to ensuring business continuity and productivity among firms that have re-designed their work processes as well as telecommunications and payment systems in the e-commerce sub-sector.

Whilst many of the current government policies are aimed at absorbing the shocks induced by the pandemic, it is important to note that an economy that seeks to recover and build resilience should be one that focuses on innovation and creativity in driving its goal.

The event is for everyone as discussants will have the economic outlook for 2022 dissected so participants are knowledgeably equipped to make the right decisions thereby better planning their business and financial activities.

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