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FirstBank’s ₦1 Trillion Digital Loan Disbursement Milestone and the New Era of Inclusive Lending in Nigeria

For decades, Nigeria's credit system posed significant challenges for small businesses and low-income earners, who often struggled to qualify for loans. Traditional banks demanded collaterals, guarantors, and endless paperwork, effectively shutting out a large portion of the population working in the informal economy. FirstBank’s digital lending model flipped the script. With the launch of its digital lending model, the bank eliminated collateral requirements and slashed approval times from weeks to under five minutes. Loans now flow through multiple channels including *894# (the Bank’s USSD service), FirstMobile, LitApp, and the FirstMonie agent network, reaching market traders, civil servants, rural farmers and everyday individuals.
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Fidelity Bank to Host Eduthrive Conference for Empowering School Owners

Fidelity Bank Plc, a leading financial institution, is set to host key stakeholders in Nigeria’s education sector for Eduthrive, an inspiring two-day conference designed to equip school owners with the necessary tools and strategies to succeed in the upcoming academic session.