FirstBank
FirstBank has created a dollar-denominated money market fund for FirstBank Women Network, a platform through which its female employees seek career fulfilment and support the cause of gender equity.
The Chief Executive Officer of FirstBank Group, Olusegun Alebiosu, announced the fund at the premier bank’s International Women’s Day commemoration in Lagos at the weekend.
Alebiosu said the First Women Network Dollar Fund was another opportunity for women to build stable incomes, invest and achieve higher financial success.
The chief executive, who was represented by the Executive Director of Retail Banking (South) Directorate, Seyi Oyefeso, noted: “The new FWN dollar fund allows women to invest in USD with as little as $100 at an attractive interest rate. I was speaking with the chairperson earlier, and she was telling me about the great success that has been recorded from the naira notes.
“Each time you invest the funds, it is such a rewarding investment in the sense that your little bit is accommodated in a larger fund, and the returns get very exciting. So, this is yet another fund that I will enjoin you all to be part of. This form allows you the conversion of naira to USD for this purpose, allowing our women to further diversify their earnings.”
The Global Chair of FirstBank Women Network, Olaitan Martins, urged women to continue to stop pushing their dreams.
“This year’s theme is ‘Accelerate Action’. It is more than just a call. It is a mandate. What are we accelerating action on? It is those things you have been postponing and those things you have been procrastinating on, those things you have been pushing behind…
“Sitting and waiting is no longer an option. This is the time to act as a woman in banking. I have witnessed how financial institutions shape the government’s communities and opportunities. Yet for decades, women have had to fight for their rightful place in boardrooms,” Martins said.
A non-executive director of the bank, Remi Odunlami, challenged the female employees to serve excellently and confront challenging projects while leveraging their immense potential.
“It is true that not everybody is going to have that kind of spectacular project. But even within your departments, some projects need to be done. And if they are not out there, create them, find them, find something that you think would benefit the department, and make a suggestion to your supervisor,” she noted.
