First Bank of Nigeria Limited, Nigeria’s leading financial inclusion services provider on Thursday, 11 June 2020, presented 20,000 units of e-learning devices to the Lagos State government at the State House in Marina, Lagos. The devices are planned for distribution to school children.
With the gesture, the Lagos State governor, Babajide Sanwo-Olu said the State had found a “real development partner” in FirstBank, noting that the intervention came at a time the Government was massively deploying technology to transform the conventional mode of teaching and learning.
The presentation of these devices which is also in partnership with Robert & John (an edu-tech company that owns Roducate) is part of activities implemented to close the gap caused by the disruption in children education’s due to schools’ closure, following the COVID-19 pandemic. So far the Bank has enabled over 10,000 free sign-ups to the Roducate e-learning platform with the goal to empower one million students.
“When we were developing our vision to change the face of education in Lagos, we knew from the outset that we could not achieve much progress in improving the quality of learning without using technology as a strong enabler. So, it is not out of place that we are witnessing more infusion of technology in learning and this intervention by FirstBank could not have come at a better time,” said Babajide Sanwo-Olu, the Governor of Lagos State.
“It feels great when you have people and organisations share in your vision and working with you to realise it. I’m glad to say that we have found a real development partner in FirstBank, which has supported us to actualise the vision we have signed to achieve. Many years back, nobody foresaw Coronavirus (COVID-19) would come and disrupt our ways of life. These devices will be useful to our pupils in the current circumstances we have found ourselves.”
“FirstBank and all technical partners that worked on this project have written their names in the heart of students that will be using the device to learn. They will be forever grateful for passing the future to them.”
The e-learning device is configured in line with the government’s accredited curriculum for primary, secondary and tertiary schools across various fields of academic endeavours, such as science, commercial and arts. It is built to promote cost-effective learning as there is minimal need for internet connectivity, whilst learning on the device is on-going.
Speaking on the presentation, Dr. Adesola Adeduntan, Chief Executive Officer, First Bank of Nigeria Limited said “the e-learning initiative aligns with our Corporate Responsibility and Sustainability initiatives and falls under one of our key strategic pillars, Education.”
“We are excited to promote education and have consistently demonstrated this in our support of 10 universities and 3 secondary schools on infrastructure projects; our support of 10 universities with professorial Chairs and provision of financial literacy, entrepreneurial and career counselling to over 80,000 students in over 80 secondary schools in the country”, he added.
The Bank has also collaborated with IBM and Curious Learning to ensure the e-learning initiative swiftly moves across the country to school children and individuals with the need to promote the pursuit of knowledge, irrespective of age.
The partnership with IBM, offers the Digital-Nation Africa program, an online youth-focused learning programme that enables innovation and skills development on emerging technologies through focus areas such as Artificial Intelligence, Coding, Cloud, Internet of Things, Blockchain, Data Science and Analytics, and Cybersecurity whilst Curious Learning offers academic-based contents for students aged 3-8, using fun, self-guided learning apps to help them with their cognitive skills at a fundamental level.
FBN Insurance Brokers Hosts Webinar to Sensitise SMEs on Risk Management, Cyber Security
FBN Insurance Brokers Limited, a subsidiary of Nigeria’s leading financial services group, FBN Holdings Plc, has announced a webinar to sensitise SMEs on risk management and cyber security. Spearheading discussions at the webinar are seasoned experts on insurance brokerage, cyber security and risk management.
The event is themed Risk Management and Business Continuity amidst COVID19 and scheduled for 10:00am on Thursday, 17 September, 2020. To participate in the event, click here to register.
Olumide Ibidapo, MD/CEO FBN Insurance Brokers will speak on Risk Management; Harrison Nnaji, Chief Information Security Officer (CISO), FirstBank will drive conversation on Cyber security and Jamie Eaton, Regional Director, Financial Lines and Client Management, Howden One Insurance Brokers will focus on Cyber Insurance as a risk transfer option for cyber risks.
Speaking on the event, Olumide Ibidapo, MD/CEO FBN Insurance Brokers said; “SMEs remain the engine of growth of any economy, especially developing ones like ours and we recognise the indelible roles they play at creating jobs and meeting the economic and social needs of individuals.
We are excited with this webinar and implore every business owner to participate, as they will be exposed to very vital information to keep their business afloat and overcome various risks as well as operational challenges, including cyber security threats that have been heightened by the COVID-19 pandemic.”
FirstBank Promotes Career Development of Staff, Graduates Third Set of SMDP Participants
First Bank of Nigeria Limited, Nigeria’s leading financial inclusion services provider, has graduated 12 successful candidates in the third edition of its Senior Management Development Programme (SMDP). The graduation ceremony held virtually, via the Zoom video conferencing platform on Wednesday, 2 September, 2020.
The Senior Management Development Programme (SMDP) is FirstBank’s intensive modular programme for a select group of senior managers to principal managers who are proven leaders in their respective functions and have been identified as central to the Bank’s succession plan.
Prior to the 2020 programme, 40 exemplary staff had successfully participated in the SMDP. 23 staff graduated in the inaugural edition that held in 2017 and the 2018 programme had 17 graduands.
According to Dr. Adesola Adeduntan, CEO, First Bank of Nigeria Limited; “I am delighted with the performance of the third set of the Senior Management Development Program (SMDP) graduands. The set’s performance and response to the various trainings and initiatives have been very impressive and exemplary. The set has demonstrated the gold standard of value and excellence in banking services which FirstBank stands for. The SMDP has been an insightful and impactful journey for the Bank and the participants.”
“I encourage each graduand to maximise the experience and knowledge garnered from the program as they build on their individual and collective contribution to the Bank’s continued growth as well as its efforts in enabling and impacting Nigeria, and the Africa continent at large,” he concluded.
To Enhance Ease of Doing Business, Banks in Ghana Commence Use of GH QR Code
Six banks in Ghana have initiated services to allow the public pay for goods and services through the universal Gh QR code.
The banks are Ecobank, GCB Bank, Zenith Bank, Bank of Africa, Fidelity Bank and Agriculture Development Bank. Other banks are still in the process to enable them begin the rollout.
The Ghana Vice President, Alhaji Dr. Mahamudu Bawumia, launched the universal QR code in March this year. The service adds on to the plethora of electronic payment solutions that the Ghana Interbank Payment and Settlement Systems (GhIPSS) has rolled out over the years.
With the QR code, customers only need to scan the codes displayed at various shops and other outlets with their smartphones to make payment. Those who do not have smart phones can pay with their feature phones by dialling a code that will also be displayed at the merchant’s location. QR code is cheap and easy to set up. It is also a quick and secure way to make payment.
It takes away the direct contact associated with cash transactions, which makes it safer to use during the Covid-19 pandemic.
Ecobank had earlier deplored QR codes but could only be used by their customers. However with the introduction of the Gh QR code, Ecobank has converted most of their existing QR codes of clients, to make them acceptable to all customers regardless of their banks. The other five banks have begun deploying their Gh QR codes at various outlets.
Chief Executive of GhIPSS Mr. Archie Hesse commended the banks that have started deployment and encouraged businesses to liaise with banks to have the Gh QR code installed to increase their payment options to customers. Mr. Hesse also challenged the remaining banks to quicken up the processes, as they risk losing their clients to other banks.
The QR code for payment is simple to set up as it only involves generating unique QR codes which can be a mere sticker posted on the wall of the shops or on a small stand.
“Once you find the QR Code displayed, you just have to scan and you pay or dial the USSD code and pay, it is that convenient. Gh QR is universal so anyone can use any of them, regardless of your bank”, Mr. Hesse stressed.
A wide range of businesses including taxi drivers, small shops, super markets, pharmacies, chop bars, restaurants as well as major service providers can all use QR codes to accept payments, the GhIPSS Boss noted.
Ghana’s payment system has been modernised with the introduction of many electronic payment solutions that have made payment a lot more convenient, secure and faster.
The addition of the Gh QR code has increased the choice that customers have to pay for goods and services. This will eliminate the several instances where businesses lose out, because the customer has run out of cash.
Currently customers can pay from either their bank account or mobile money wallet through different channels such as MoMo pay, POS and now Gh QR code among others.