World Savings Day: First Bank And FBNQUEST Merchant Bank Promotes Financial Literacy In Secondary Schools

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World Savings Day

In line with the mandate by the CBN to all banks in the country to commemorate the World Savings Day, First Bank of Nigeria  and FBNQuest Merchant Bank, both subsidiaries of FBNHoldings, joined the rest of the world on 31 October to mark the 2018 World Savings Day themed “What Do You Wish For?”

The six geo-political zones of the country were covered with visits to 30 secondary schools and more than 1000 students imparted with knowledge of financial literacy nuggets.

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Also, volunteers from FBNQuest Merchant Bank went further to cover and highlight how students can take advantage of investment opportunities in fixed deposits and Mutual Funds from a young age, cultivating the habit of putting money away to meet medium to long term financial goals.

The World Savings Day is in line with First Bank’s Futurefirst Programme, specially designed to equip students with the knowledge of money management, early entrepreneurship skills, and financial independence whilst stimulating in them savings culture at an early age. commemorating the World Savings Day is consistent with the Bank’s financial literacy initiatives.

According to the official website of World Savings Day;

World Savings Day or World Thrift Day was established to inform people all around the world about the idea of saving their money in a bank rather than keeping it under their mattress” which is akin to First Bank’s commitment to encouraging its key stakeholders, customers, to imbibe savings culture whilst having their children also carried along on the essence of savings through its youth focused products.

KidsFirsts (0 – 12 years) and MeFirst (13 – 17 years) carefully designed to meet the financial targets of the given demographics. These accounts ensure the accounts holders acquire the rudiments of banking and financial literacy as they grow into adulthood and they both come with exciting packages to support the financial journey of the children, enabling them learn money management from an early age.

Speaking on the World Savings Day;

Folake Ani-Mumuney, Group Head, Marketing & Corporate Communications, First Bank of Nigeria Limited said “First Bank’s participation in the 2018 World Savings Day is one of our many interventions in Financial Literacy.

As the Bank continues to entrench the savings culture across all its markets, it has over several years engaged in Savings Promo to encourage and reward savings whilst committing human and financial resources to the development of financial literacy among secondary school students under the auspices of the First Bank Futurefirst programme.

Sharing similar views, Kayode Akinkugbe, Managing Director/CEO FBNQuest Merchant Bank said “The CBN has created an essential platform which affords us the opportunity to enlighten Nigerians on finance-related matters, thus, contributing to financial literacy across the nation – a cause we are very passionate about”.

World Savings Day

“We believe that opportunities to transfer a wealth of knowledge, are crucial to the development of our economy and the sustainability of society. We therefore, take very seriously, the responsibility of equipping the next generation so they can take our nation to its next level of success”; he added.

Only recently, First Bank organised its week long Corporate Responsibility and Sustainability event themed “Touching Lives; You First” which offered First Bank employees the opportunity to give their time and resources to the service of humanity.

The week-long event was simultaneously carried-out across its business communities in Nigeria, United Kingdom, Democratic Republic of Congo, Ghana, The Gambia, Guinea, Sierra-Leone and Senegal, a testament of the Bank’s brand promise to always put stakeholder needs first, while reinforcing its role in driving sustainable development in the communities where it operates.

About First Bank.

First Bank of Nigeria Limited (First Bank) is the premier Bank in West Africa and the leading banking services solutions provider in Nigeria. With some 14 million customer accounts, First Bank provides a comprehensive range of retail and corporate financial services with over 750 business locations.

The Bank has international presence through its subsidiaries, FBN Bank (UK) Limited in London and Paris, FBNBank in the Republic of Congo, Ghana, The Gambia, Guinea, Sierra-Leone and Senegal, as well as a Representative Office in Beijing.

Since its establishment in 1894, First Bank has consistently built relationships with customers focusing on the fundamentals of good corporate governance, strong liquidity, optimized risk management and leadership.

Over the years, the Bank has led the financing of private investment in infrastructure development in the Nigerian economy by playing key roles in the Federal Government’s privatization and commercialization schemes. With its global reach, First Bank provides prospective investors wishing to explore the vast business opportunities that are available in Nigeria, an internationally competitive world-class brand and a credible financial partner.

First Bank has been named “Most Valuable Bank Brand in Nigeria” six times in a row (2011 – 2016) by the globally renowned “The Banker Magazine” of the Financial Times Group; and “Best Retail Bank in Nigeria” for seven consecutive years, 2011 – 2017, by the Asian Banker International Excellence in Retail Financial Services Awards.

Our brand purpose is to always put customers, partners and stakeholders at the heart of our business, even as we standardize customer experience and excellence in financial solutions across sub-Saharan Africa, in consonance with our brand vision “To be the partner of first choice in building your future”. Our brand promise is to always deliver the ultimate “gold standard” of value and excellence. This commitment is anchored on our inherent values of passion, partnership and people, to position You First in every respect.

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