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Foremost financial institution, Guaranty Trust Bank plc, has launched GTPATRIOT, a unique Salary Account Package which offers Nigeria’s servicemen and servicewomen subsidized banking products and dedicated value added services. The GTPatriot Account allows serving members of the Military and Paramilitary institutions to open accounts with zero minimum balance whilst offering reduced Current Account maintenance fees and access to loans at reduced interest rates, amongst other value added services.

GTBank has been at the forefront of providing innovative account packages designed for the unique needs of various segments of the society. Among these account packages are the GTCrea8 e-Savers account which offers young people, especially undergraduates, benefits beyond banking, such as scholarships and career master classes, and the GTBank Seniors Account which offers senior citizens aged 65 years and above free banking services. With the introduction of the GTPatriot Account, the bank will expandand deepen its relationship with another core segment of the society in line with its goal of enriching the lives of all customers and the communities in which it operates.

Commenting on the launch of the GTPatriot Account, the Managing Director of Guaranty Trust Bank Plc said, “As an institution that deeply believes in service, we are excited to introduce this premium account thatrecognizes, applauds and appreciates the invaluable service that members of military and paramilitary institutions offer to the nation. The GTPatriotAccount Package goes beyond providing best in-class banking products to servicemen and women, it includes a wide range of value added benefits that guarantees a superior banking experience and genuinely enriches their lives.”

He further stated that “We will continue to create innovative and specially targeted products and services in order to ensure long-term value adding relationships with several segmentsof our customersand the communities in which we operate.”

Guaranty Trust Bank plc has always been at the forefront of industry innovations within the Nigerian financial services sector and plays a leading role in Africa’s banking industry. The GTBank brand is regarded by industry watchers as one of the best run financial institutions across its subsidiary countries and serves as a role model within the financial service industry due to its bias for world class corporate governance standards, excellent service, quality and innovation.

BIG STORY

Boom, App That Helps You Send Money Without A Bank App Goes Live In Nigeria

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Boom is on a mission to enable financial inclusion for all Nigerians by taking its e-commerce without banking solution to the masses.

  According to Mr. Peter Alfred-Adekeye, Boom Founder and CEO., the founder of Boom, the app is now live. ‘Our app, Boom that is a blockchain powered e-commerce without banking application, is now live and available to all Nigerians from the 1st of October 2022. The Boom application can be downloaded for free in both IOS and Android in the Apple Appstore and Google Play store respectively. Boom is available in Hausa, Igbo and Yoruba in addition to English, French and Spanish’.

In a signed statement by Brooksrock Media, Boom has four ecosystem that makes it such an important app for day-to-day life of a Nigerian. ‘Boom’s eco-system consist of the following:

  • Boom Marketplace, where consumers discover products and services from local, national and global brands and merchants. On Boom, we are all merchants;
  • Boom Wallet, for sending, receiving and storing money, as well as paying for goods and services, locally, nationally and internationally;
  • Boom Chats for ultra-secure text, audio and video communication;
  • Boom Social for community building and management.’

Speaking further, Peter Alfred-Adekeye, Boom Founder and CEO.  assures all that Boom is safe to use as all users are required to go through, KYC before completing registeration, ‘To ensure compliance with local and international regulations, all Boom users must go through KYC at signup, by taking a selfie with either a Government-issued identity card, driver’s license or passport after which their Boom account is activated’.

As a free and open eco-system, Boom can be used for consumer-to-consumer (C2C) money transfers, business-to-consumer (B2C) payments, business-to-business (B2B) transactions and also Government-to-Government (G2G) financial exchanges, especially intra-African, cross border settlements.

There are no fees of any kind on all transactions within Boom, and neither are there any advertising.

Boom’s native utility digital token that transmits value between transacting parties within the Boom ecosystem is the Multicoin (MTCN). It is an ERC-20 token that resides within the Ethereum blockchain. The Multicoin processes all transactions within Boom by automatically converting fiat currencies between transacting parties. This way, a merchant or consumer in Nigeria can purchase goods and services internationally by simply converting the Naira into Multicoins via Boom certified resellers nationwide. On Boom, everybody can be a Multicoin reseller.

“Thanks to Boom, financial inclusion for all Nigerians and all Africans, is now a reality” states Peter Alfred-Adekeye, Boom Founder and CEO.

Boom can be downloaded in the app stores by searching for “Boom commerce” or via the links below:

About Boom

Our mission at Boom is to provide the world’s 1.7 billion unbanked consumers, as well as those seeking a safe alternative to traditional commerce, with the unprecedented ability to buy, sell and pay for everything online without a bank account, fostering financial and business inclusion for all, thanks to the power of blockchain and a native token called the Multicoin (MTCN). To ensure a safe and secure ecosystem, all users on Boom are KYC’d at signup. Boom is maintained by Boom Foundation.

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Firstbank Commemorates 2022 Customer Service Week

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First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider has announced its commemoration of the 2022 edition of the Customer Service Week scheduled to be globally celebrated on 3 – 7 October 2022.

The event themed: “Celebrating Service” will be marked across its FBNBank subsidiaries in over half a dozen countries which include FBNBank UK, FBNBank Ghana, FBNBank Senegal, FBNBank Gambia, FBNBank Guinea, FBNBank DRC and FBNBank Sierra Leone.

Customer Service Week is an international celebration that highlights the importance of customer service and staff who serve and support customers daily to deliver exceptional service to customers.

The Bank’s celebration of the 2022 Customer Service Week will include several activities considered integral to promoting a relaxed atmosphere whilst extending its participation to everyone, irrespective of where they are. The activities include virtual engagement of customers on its social media handles: firstbanknigeria on Instagram; First Bank of Nigeria Limited on Facebook; First Bank of Nigeria Limited on LinkedIn and @FirstBankngr on Twitter.

Others are a video booth and photo frame funfair, then a Virtual Party on the Friday of the weeklong event and a movie date for staff.

Through the last 128 years of its operations, FirstBank has played a leading role in utilizing its robust customer service network and digital banking architecture to support its customers – cutting across diverse cultures, tribes and races beyond the shores of Nigeria – in meeting their individual and business needs. The Bank achieves this through its innovative, interactive, self-service banking platforms like *894# Quick Banking mobile solution, FirstMobile banking application, Firstmonie Agents, FirstOnline internet banking, WhatsApp banking, and ATM amongst many others. The Bank’s electronic banking channels are constantly updated with new and exciting features to expose customers to exemplary services and experience to put them at an advantage in the industry.

According to Folake Ani-Mumuney, Group Head, Marketing & Corporate Communications, FirstBank “for us at FirstBank, celebrating service, the theme of the 2022 edition of the Customer Service Week is a reflection of our brand mantra “You First”. This reiterates the essence of our existence since 1894, centred on putting You, our customers First as we continue to support individuals and businesses to impact the economy.

With our dynamic and vibrant human-led and digital-led customer services operations, we remain committed to rendering the gold standard of services to our customers and stakeholders regardless of where they may be across the globe” she concluded.

About FirstBank

First Bank of Nigeria Limited (FirstBank) is the premier Bank in West Africa and the leading financial inclusion services provider in Nigeria for over 128 years.

With over 750 business locations and over 189,000 Banking Agents spread across 99% of the 774 Local Government Areas in Nigeria, FirstBank provides a comprehensive range of retail and corporate financial services to serve its over 30 million customers. The Bank has an international presence through its subsidiaries, FBNBank (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.

The Bank has been handy at promoting digital payment in the country and has issued over 10million cards, the first bank to achieve such a milestone in the country. FirstBank’s cashless transaction drive extends to having more than 12million people on its USSD Quick Banking service through the nationally renowned *894# Banking code and over 4.5 million people on FirstMobile platform.

Since its establishment in 1894, FirstBank has consistently built relationships with customers focusing on the fundamentals of good corporate governance, strong liquidity, optimised 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 privatisation and commercialisation schemes. With its global reach, FirstBank 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.

FirstBank 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; “Best Retail Bank in Nigeria” for seven consecutive years (2011 – 2017) by the Asian Banker International Excellence in Retail Financial Services Awards and “Best Bank in Nigeria” by Global Finance for 15 years. Our brand purpose is always to put customers, partners and stakeholders at the heart of our business, even as we standardise customer experience and excellence in financial solutions across sub-Saharan Africa, in consonance with our brand vision “To be the partner of the first choice in building your future”. Our brand promise is always to 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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BIG STORY

NNPC Discovered Illegal Oil Pipeline Operating For Nine Years — Mele Kyari

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The Nigerian National Petroleum Company Limited (NNPC) says it uncovered an illegal 4-kilometre (km) pipeline from the Forcados terminal to the sea and a loading port that had operated undetected in the last nine years.

Mele Kyari, group chief executive officer (GCEO), NNPC Limited, said this on Tuesday when he appeared before the senate joint committees on petroleum (upstream and downstream), and gas.

He said the pipeline was found during a clampdown on theft in the past six weeks.

“Oil theft in the country has been going on for over 22 years but the dimension and rate it assumed in recent times is unprecedented,” Kyari said.

“The Brass, Forcados, and the Bonny terminals, are all practically doing zero production today; the combined effect is that you have lost 600,000 barrels per day when you do a reality test.

“As a result of oil theft, Nigeria loses about 600,000 barrels per day, which is not healthy for the nation’s economy, and in particular, the legal operators in the field, which had led to a close down of some of their operational facilities.

“But in rising to the highly disturbing challenge, NNPCL has in recent times in collaboration with relevant security agencies, clamped down on the economic saboteurs.

“In the course of the clamp down within the last six weeks, 395 illegal refineries have been deactivated, 274 reservoirs destroyed, 1, 561 metal tanks destroyed, 49 trucks seized and the most striking of all is the four-kilometre illegal oil connection line from Forcados Terminal into the sea which had been in operation undetected for nine solid years.” 

Kyari said in efforts to address the menace, NNPCL carried out aerial surveillance of the affected areas and saw economic saboteurs carrying out their activities unchallenged.

According to him, the level of oil theft at hand poses a blend of both social and security problems.

“It is not only security but social as locals in most areas where the illegal refiners operate, unknowingly serve as their employees by mistaking them for operatives of licensed companies for oil exploration and production in the area,” he said.

“It is not abnormal to involve non-state actors for protection of oil pipelines and other critical infrastructure as done in Cambodia and Mexico which produced desired results.”

After over four hours of an interactive session, members of the committees proposed that capital punishment be put in place for offenders, which will be presented at the plenary for consideration.

Meanwhile, Mohammed Sabo Nakudu, chairman of the joint committee, told Kyari to prepare for oversight functions on Port Harcourt and Warri refineries in order to verify claims of rehabilitation.

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