FirstBank, FBNQuest Merchant Bank Mark World Savings Day

Hamid Ayodeji

First Bank of Nigeria Limited and FBNQuest Merchant Bank, both subsidiaries of FBN Holdings, last week joined the rest of the world to celebrate the 2019 World Savings Day, themed “Giving them the lift.” The celebration was in line with global best practice. The Central Bank of Nigeria (CBN) also mandates all banks in the country to commemorate the World Savings Day.

As done in previous years, the financial institutions visited secondary schools across the six geo-political zones of the country to impart the students with knowledge of financial literacy.

The World Savings Day celebration, according to a joint statement from the holding company, was in line with FirstBank’s FutureFirst programme, aimed to promote financial inclusion and developed to equip students with the requisite knowledge of money management, early entrepreneurship skills, and financial independence whilst stimulating in them savings culture at an early age.

“FirstBank’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,” it added.

It quoted the Group Head, Marketing & Corporate Communications, First Bank of Nigeria Limited, Folake Ani-Mumuney to have said, “promoting financial literacy by the youth is very important to us as we believe that achieving efficient money management habit starts from a very young age.

IStore, an authorised reseller of Apple product has introduced the iPhone 11 series into the Nigerian market, available on a financing option that allows customers pay over a period of four to eight months.

The new iPhone which are insured includes iPhone 11, iPhone 11 Pro, iPhone Pro Max and it costs ranges from N323,000 to N668,000 respectively with internal memory of 64 to 512 Giga Bytes(GB).

Speaking at the launch in