Business

FirstBank Adds Contactless Naira MasterCard To Its Arrays Of Cards

Published

7 years ago

May 14, 2018

FirstBank Nigeria Limited has added the Contactless Naira Master card to its arrays of cards and all the cards have unique characteristics, purposely to support the lifestyles of different customers’ segments.

With the Contactless Naira MasterCard, customers can now make payments in the London transport network such as buses, tubes, trams, Dock and Light Railway (DLR) and the London Over-ground as well as in Grocery shops, supermarkets, Gas stations, etc. within London metropolis.

The daily limits for pin-less transactions for the Contactless Naira Master Card is N3000. Payments are made by tapping the card on the PoS machine with contactless functions for low value transactions, the card can also be used in a regular PoS as a normal MasterCard.

FirstBank Verve Debit Card enables customers perform transactions via the Quickteller services menu on FirstBank ATMs, it is accepted wherever the Interswitch or Verve logo is displayed. Chip and PIN secured for greater protection of customers’ funds and provides extra protection for web based transactions with the “Safetoken”. Verve Debit Card is Naira-denominated and is accepted globally for online, ATM and PoS transactions.

Interestingly, customers now have the freedom to design the look and feel of their debit cards with their most cherished memories and spend with a card that is as unique as you.

Platinum Naira MasterCard is a Naira-denominated international Debit card issued in partnership with MasterCard Worldwide, and enables transactions all over the world wherever the MasterCard logo is displayed. It provides access to e-Commerce across the globe and enhanced security with the Europay MasterCard Visa (EMV) technology that greatly reduces the cloning of cards. It gives customers access to international emergency services such as card replacement and cash advance via MoneyGram or Western Union money transfer services. It also grants access to higher daily transaction limits from FirstBank.

Platinum Naira MasterCard is accepted worldwide at over 29 million merchant locations, it can be used for transactions over the WEB or PoS as well as cash withdrawals at over 1.8 million ATMs, in over 200 countries. It is secured by Chip & PIN technology and is issued within 15 minutes at FirstBank branches.

Visa Debit Card is a dual currency card denominated in NGN and USD, allowing customers spend Naira from the Naira account and Dollars from your domiciliary account simultaneously. The card has an EMV (Chip & PIN) card with enhanced security that ensures safety of funds and transactions. The card is accepted globally for ATM withdrawals, PoS payments terminals as well as online for goods and services.

It would be recalled that FirstBank was named the first financial institution in Nigeria and the West-Africa sub-region to issue 10 million cards to customers across the country which makes FirstBank the second bank in Africa to achieve this feat. Besides, FirstBank has maintained a 95% active card ratio and currently processes about 30% of card transactions in the entire banking industry.

Business

Dangote Hails Tinubu on Impact of Crude for Naira Swap Deal

Published

23 hours ago

December 21, 2024

Sahara Weekly

Dangote Hails Tinubu on Impact of Crude for Naira Swap Deal

…As Dangote Refinery partners MRS to sell PMS at N935 per litre nationwide at its retail outlets

Sahara Weekly Unveils That The Foremost entrepreneur and President of the Dangote Industries Limited, Aliko Dangote has commended President Bola Ahmed Tinubu for the positive impact of the naira for crude swap deal on the Nigerian economy, which has led to reduction in prices of petroleum products in the country.

To provide succour to Nigerians, Dangote recently reduced the price of Premium Motor Spirit (PMS) from N970 to N899.50 at its Refinery loading gantry and provided generous credit terms to marketers.

“To ensure that this price reduction gets to the end consumer, we have signed a partnership with MRS to sell petrol from its retail outlets nationwide at N935 per litre” he added. This price has already commenced in Lagos, and it will be offered nationwide from Monday.

In his statement, he called on other oil marketers such as the NNPC Retail and all other marketers, “to work with us to ensure that Nigerians enjoy high-quality petrol at discounted prices.”

According to him, “The Dangote Refinery is for the benefit of Nigeria and Nigerians. We will therefore continue to work with various value chain players to deliver high quality petrol at cheaper prices. Our aim is for all Nigerians to have ready access to high quality petroleum products that are good for their vehicles, good for their health, and good for their pockets.

Recall that in September, the Federal Executive Council (FEC) under the leadership of Mr. President approved the sale of crude to local refineries in Naira and corresponding purchase of petroleum products in Naira. The move, which commenced on October 1, led to reduced pressure on the dollar and ensured the stability of the local currency.

Dangote thanked Nigerians for their unwavering support and the government for creating an enabling environment for the domestic refining industry.

Business

Port Harcourt Refinery Stays Active: NNPC Denounces Sabotage Rumors

Published

1 day ago

December 21, 2024

Sahara Weekly

Port Harcourt Refinery Stays Active: NNPC Denounces Sabotage Rumors

NNPC Debunks Shutdown Rumors, Confirms Port Harcourt Refinery Fully Operational

The Nigerian National Petroleum Company Limited (NNPC Ltd) has dismissed reports circulating in certain media outlets claiming that the Old Port Harcourt Refinery, which was re-streamed two months ago, has been shut down.

In a statement released by Olufemi O. Soneye, the Chief Corporate Communications Officer of NNPC Ltd, the company clarified that the refinery is fully operational. The statement noted that the facility’s operational status was recently verified by former Group Managing Directors of NNPC during a site inspection.

“Preparation for the day’s loading operation is currently ongoing,” the statement confirmed, emphasizing that allegations of the refinery’s shutdown are baseless and intended to create panic or artificial scarcity in the fuel market.

NNPC Ltd urged members of the public to disregard such misleading reports, labeling them as the work of those seeking to exploit Nigerians.

The Old Port Harcourt Refinery has been in operation since its re-streaming, and the company remains committed to ensuring stability in the supply of petroleum products across the country.

Business

Nigerian Banks Donate Multimillion Naira Relief Materials to Jigawa Flood Victims

Published

2 days ago

December 20, 2024

Sahara Weekly

Nigerian Banks Donate Multimillion Naira Relief Materials to Jigawa Flood Victims

In a show of solidarity, the Committee of Banks in Nigeria has extended a helping hand to victims of the September 2024 floods in Jigawa State. On Thursday, a high-profile delegation led by Dr. Oliver Alawuba, Chairman of the Committee and Group Managing Director/Chief Executive Officer of United Bank for Africa Plc (UBA), visited Dutse, the state capital, to present relief materials to the state government.

The donated items, worth several million Naira, included essential food supplies such as rice and cooking oil, along with mattresses and beverages. Dr. Alawuba highlighted that the gesture aimed to alleviate the hardship faced by flood victims and support critical institutions, especially public hospitals, in their efforts to assist those affected.

“We stand in solidarity with the people and government of Jigawa State during this difficult time. This donation is our way of expressing empathy and supporting those who have lost loved ones, properties, and livelihoods,” Dr. Alawuba stated.

The delegation included notable banking leaders such as Mr. Roosevelt Ogbonna of Access Bank Plc, Dame (Dr.) Adaora Umeoji of Zenith Bank Plc, and Dr. (Mrs.) Nneka Onyeali-Ikpe of Fidelity Bank Plc, among others. Their collective presence underscored the banking sector’s commitment to corporate social responsibility and national development.

Governor Malam Umar A. Namadi expressed profound gratitude for the donation, describing the visit as a rare and commendable act of compassion. He assured the delegation that the relief materials would be judiciously distributed to the intended beneficiaries, emphasizing the importance of partnerships in rebuilding lives and communities.

The Committee of Banks also reiterated their commitment to supporting Nigerians during emergencies, drawing attention to previous interventions, including relief efforts during the 2011 and 2013 floods, the COVID-19 pandemic, and security initiatives like the Lagos State Security Trust Fund.

This humanitarian gesture reflects the collective resolve of Nigeria’s financial institutions to foster social and economic growth, making a meaningful impact in times of need.