First Bank of Nigeria Limited launches FGT for transfer of funds across its subsidiaries

NIGERIAFirst Bank of Nigeria Limited has announced the launch of First Global Transfer (FGT) to promote international transfer of funds across its subsidiaries in sub-Saharan Africa.

The FGT initiative is specifically designed to ensure safe, timely and improved efficiency in the transfer of funds across the network of FirstBank subsidiaries in Africa.

Intending users of the initiative are to visit any of the bank’s branches in Nigeria or subsidiaries in Africa, which are: FBNBank DRC, FBNBank Ghana, FBNBank Gambia, FBNBank Guinea, FBNBank Sierra-Leone, or FBNBank Senegal to enjoy the service.  

“FGT initiative is one of those advancement created to impact every individual in our host community in Africa.”

Dr. Adesola Adeduntan – CEO, FirstBank

“For example, with First Global Transfer, individuals and customers in Sierra-Leone can walk into any FBNBank branch to send money to FirstBank customers in Nigeria as well as FBNBank customers in Gambia, Ghana, DR Congo, Senegal or Guinea,” read part of the statement. 

The bank said in a statement that the FGT is not restricted to FirstBank and FBNBank customers alone, but it is also open to every individual resident in the country the funds transfer is originating from.  

“Today’s customer is influenced by the technological advancement shaping businesses across various industries and our First Global Transfer (FGT) initiative is one of those advancement created to impact every individual in our host community in Africa, whilst promoting the ease and swift transfer of money from one country to another for business or personal activities,” Dr. Adesola Adeduntan, Chief Executive Officer, FirstBank said.

Recently, the bank announced its SME specific accounts designed to reinforce the Bank’s role in putting SMEs at an advantage whilst contributing to national growth and development.

The SME accounts – which are in two variants – FirstSME Classic and FirstSME Deluxe – are offered to SMEs, irrespective of industry, and tailored to have SMEs exposed to a wide range of services and opportunities that are essential for their continued growth and role in contributing to national development.

Liked this article? Subscribe to DealStreet Africa News, our regular email newsletter with the latest news, deals and insights from Africa’s business, economy and more. SUBSCRIBE HERE

Other Recent Posts

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.