November 28, 2022



FirstMonie brokers file over 1bn transactions price N22trn 

First Financial institution of Nigeria Restricted, Nigeria’s premier and main monetary companies supplier has mentioned that its agent banking community – Firstmonie Brokers – unfold throughout the nooks and crannies of the nation has collectively processed transaction quantity in extra of 1 billion, amounting to over N22 trillion. The Financial institution at the moment has over 180,000 Firstmonie Brokers, unfold throughout the nation’s 772 Native Authorities Areas. 

Firstmonie Brokers have been integral to  bringing monetary  companies nearer to the underbanked and unbanked phase of the society, offering handy banking companies which can be simply accessible, thereby saving time and journey prices for people within the suburbs and distant environments with no entry to monetary companies. 

FirstMonie Brokers, popularly known as the ‘Human ATM’, are empowered to scale back the reliance on over-the-counter transactions whereas offering handy customized companies. Amongst the companies carried out by the Brokers embody; Account Opening, Money Deposit, Airtime Buy, Payments Cost, Withdrawals and Cash Switch. 

Via numerous empowerment and reward schemes carried out to place its Firstmonie Brokers better off to economically impression their quick communities while importantly having their enterprise sustained, the Financial institution’s Agent Banking scheme has remained a toast to Nigerians, no matter the place they’re within the nation. Amongst these schemes is the Agent Credit score – launched in 2020 – which has had the Financial institution present credit score amenities to the tune of  N238 billion  to its teeming Firstmonie Brokers. 

Expressing his appreciation to the Firstmonie Brokers, Chief Govt Officer, FirstBank, Dr. Adesola Adeduntan, mentioned “because the relaunch of our Agent Banking scheme in 2018, our Firstmonie Brokers have performed a significant function in bridging the monetary inclusion hole within the nation, as many extra individuals have been in a position to undertake numerous monetary and enterprise transactions in cost-effective methods, thereby saving a whole lot of money and time in travelling over lengthy distances for primary banking companies.

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