The Managing director and chief executive officer of the First Bank Group, Segun Alebiosu has re-emphasised the commitment of the bank to partnering with customers in order to tap market opportunities despite the harsh macroeconomic pressures.
Alebiosu stated this in his opening address at the bank’s economic outlook tagged, ‘Nigeria 2025: Path to Economic Rebound & Recovery,’ recently in Lagos.
He said the 130-year old financial institution is positioned to help customers with innovative products and services that can help cushion and manage the impact of the economic realities.
ALSO READ: First Bank debunks fraud allegations
The lender will also enable them convert distinct opportunities in the economy.
“As a Bank that has done business in Nigeria over several economic cycles, FirstBank remains poised to walk with our customers through this difficult, yet promising, stage of our nation’s journey.
“This event reflects our institution’s understanding of the domestic economic realities, but more importantly, our readiness to partner with our customers to identify emerging opportunities within the economy to be properly equipped towards achieving both their personal and corporate goals in 2025,” Alebiosu said.
While expressing optimism on the country’s economy, he identified early signs such as the foreign exchange market stability associated with the introduction of the electronic foreign exchange matching system in December 2024.
The CEO added the emergence of competition on the supply side of the nation’s downstream sector that is leading to falling prices in premium motor spirit (PMS)
“Early signs such as the stability that characterized the foreign exchange market on the back of the introduction of the electronic foreign exchange matching system in December 2024.
“The emergence of competition on the supply side of our nation’s downstream sector that is leading to falling prices in premium motor spirit (PMS) and the coming back on stream of the Port Harcourt & Warri refineries are indicative that there is, indeed, light at the end of the tunnel for us as a country,” Alebiosu said.
A few days ago, the Federal Inland Revenue Service (FIRS) ordered all banks in the…
A group christened 'Lawyers for the Cause of Bauchi (LAWBA)' has decried the "selective, partial…
A group known as 'Forum of Ayatutu Professors' in Benue State on Saturday called for…
"Government and journalists are partners in progress particularly in a democratic dispensation. We understand that…
"Your work aligns clearly with our policy, and it also reflects leadership and foresight. You…
The Nigerian Guild of Editors (NGE) and the Socio-Economic Rights and Accountability Project (SERAP) have…
This website uses cookies.