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FirstBank PLAS unlocks wealth in salary account


First Bank of Nigeria Limited has said it created opportunities for salary account holders to unlock the wealth in their accounts, which can be achieved through the FirstBank’s Personal Loan Against Salary (PLAS).

According to the Group Head, Products & Marketing Support, FirstBank, Abiodun Famuyiwa, “salary account holders can access up to N30million to help them pursue capital projects, carry out renovation works on their properties, acquire assets, give their children the best education and other fulfilling accomplishments. The scheme offers options to top-up and refinance existing loans at competitive rates. These flexible options were created to offer convenience and reward customer as we stay true to our brand promise of ‘YOU First’.”

FirstBank’s PLAS will also help customers meet rent obligations, vacation trips to choice destinations, and pay for professional examinations to take their career to the next level. With PLAS, Nigerian salary earners need to be assured of a funding partner in FirstBank to fulfil their dreams. PLAS is available to employees whose salary accounts are domiciled with FirstBank.


World Economic Forum appoints Diamond Bank as Adviser
The World Economic Forum, WEF, has appointed Diamond Bank, a leading Nigerian retail bank, as an advisory Board member, to advise it on strategic regional economic issues in the continent.

The Bank becomes the first Nigerian business since the Forum was formed in 1971, and the second in Africa, to be listed as a member of the Forum’s Advisory Board WEF’s Community Lead, Business Engagement –Africa, Bertrand Assamoi, confirmed that the identification and selection of the Bank as a member of the Forum will help shape regional and industrial business agendas, especially in Africa.

“We strongly believe your involvement in the Forum’s activities will open unparalleled opportunities and provide access to collaborative networks, global leadership exposure and timely insight on key strategic issues. There has never been a more pivotal time to interact with the world’s top leaders and experts, to be committed to advancing the issues that matter most,” he said

With this engagement, the Chief Executive Officer, Diamond Bank, Uzoma Dozie, joins a group of global leaders, technocrats, foremost policymakers, academics, innovators, civil society representatives and business leaders in advising the Forum in its search for solutions that will help accelerate the development and improvement of the world economy in general, and Africa in particular.

In a statement, Uzoma said it is a unique privilege to be invited to help shape the world economic agenda, working with some of the finest technocrats in the WEF Advisory Board.

“I’m excited to have been invited and listed as a Forum Member Adviser to the World Economic Forum. I know that through the search for and creation of workable economic solutions to global economic challenges, we can make a positive difference to the global socioeconomic development,” Uzoma was quoted.

“Despite historic challenges, I will use the World Economic Forum Annual Meeting as a platform to promote Nigeria’s excellent fundamentals and its recent progress,” Uzoma added.

At WEF’s Annual Meeting in Davos, key themes including: promoting financial inclusion, particularly amongst women; Nigeria’s emerging technology-enabled entrepreneurial culture, and Lagos as a hub for innovation; and the role of digital technology and data in transforming banking will be discussed.

Explaining the appointment, WEF said member advisers are a select group of the world’s foremost medium-sized enterprises interested in harnessing tech-driven disruption to drive growth. These companies stand out for their new business models, and interest in disruption through innovation.

Membership is on an invitation-only basis, extended only to the most dynamic businesses, proven to be operating with new, sustainable business models and aligned to the Forum’s values.


Meanwhile, to leapfrog industrial growth and economic development in Africa, WEF has urged captains of industry in the continent to create access for collaborative networks and sharing of leadership ideas.

The international organisation for public-private cooperation based in Geneva, Switzerland, believes accelerated economic growth can be achieved when leadership business ideas are timely shared and harnessed.

According to the WEF, these and many more strategic issues that will help drive the rapid development of Africa, will form the core of the agenda of its annual meeting in Davos in the last week of January.

In this article:
Abiodun FamuyiwaFirstBank
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