FirstBank Launches Dollar-Denominated Fund for Women’s Network

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FirstBank has created a dollar-denominated money market fund for its female employees, aimed at promoting financial inclusion and empowerment. The fund, known as the First Women Network Dollar Fund, was announced by the bank’s Chief Executive Officer, Olusegun Alebiosu, at the bank’s International Women’s Day commemoration in Lagos.

“The First Women Network Dollar Fund is another opportunity for women to build stable incomes, invest, and achieve higher financial success,” Alebiosu said. “The new FWN dollar fund allows women to invest in USD with as little as $100 at an attractive interest rate.”

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The fund is designed to provide women with a low-risk investment opportunity that can help them diversify their earnings and achieve their financial goals. “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,” Alebiosu noted.

The Global Chair of FirstBank Women Network, Olaitan Martins, urged women to take action and pursue 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…”

Martins emphasized the importance of women taking control of their finances and careers. “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.”

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A non-executive director of the bank, Remi Odunlami, challenged the female employees to strive for excellence and take on challenging projects. “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.”

The launch of the First Women Network Dollar Fund is part of FirstBank’s efforts to promote financial inclusion and empowerment among women. The bank has a long history of supporting women’s initiatives and promoting gender equality in the workplace.

The First Women Network is a platform designed to provide women with opportunities for career development, mentorship, and networking. The network aims to promote women’s empowerment and gender equality in the workplace.

“We are committed to creating a work environment that is inclusive and supportive of women,” said Olusegun Alebiosu, CEO of FirstBank. “The launch of the First Women Network Dollar Fund is a testament to our commitment to empowering women and promoting financial inclusion.”

The First Women Network Dollar Fund is available to all female employees of FirstBank, and is designed to provide them with a safe and secure way to save and invest their money. The fund is managed by a team of experienced investment professionals, and offers competitive interest rates and flexible investment terms.

“We believe that women are critical to the growth and development of our economy,” said Olaitan Martins, Global Chair of FirstBank Women Network. “By providing them with access to financial services and investment opportunities, we can help them achieve their goals and improve their overall well-being.”

The launch of the First Women Network Dollar Fund is a significant milestone in FirstBank’s efforts to promote financial inclusion and empowerment among women. The bank is committed to continuing to support women’s initiatives and promote gender equality in the workplace.

In related news, FirstBank also announced plans to launch a series of financial literacy programs and workshops for women. The programs are designed to provide women with the knowledge and skills they need to manage their finances effectively and make informed investment decisions.

“We believe that financial literacy is critical to achieving financial inclusion and empowerment,” said Remi Odunlami, non-executive director of FirstBank. “By providing women with access to financial education and training, we can help them achieve their financial goals and improve their overall well-being.”

The financial literacy programs and workshops will be launched in the coming months, and will be available to all female employees of FirstBank. The bank is committed to continuing to support women’s initiatives and promote financial inclusion and empowerment among women.

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