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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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5th Coronation Anniversary: Faleke, Adebanjo, Dauda, Extend Felicitations to the Olu of Oregun Kingdom

On Saturday, the distinguished Member House of Representatives for Ikeja Federal Constituency, Rt Hon James Abiodun Faleke, the Executive Chairmen of Onigbongbo LCDA and Ikeja Local Government, Hon Moyosore Adebanjo and Hon Akeem Dauda attended the celebration of the 5th Coronation Anniversary of HRM Oba (Dr.) Olukunmi Olusesan, the Olu of Oregun Land, alongside the people of Onigbongbo, distinguished dignitaries, and well-wishers in a momentous occasion.