First Bank Group Managing Director and CEO Segun Alebiosu has once again underlined the bank's commitment to partnering with customers to seize market opportunities despite tough macroeconomic pressures.
Alebiosu stated this in his keynote address at the bank’s economic outlook meeting titled “Nigeria 2025: Road to Recovery and Economic Rebound”, recently in Lagos.
He said the 130-year-old financial institution is positioned to help customers with innovative products and services that can help cushion and manage the impact of economic realities.
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The lender will also enable them to take advantage of different opportunities in the economy.
“As a bank that has done business in Nigeria through several economic cycles, FirstBank remains prepared to accompany our customers through this difficult but promising stage of our nation’s journey.
“This event reflects our institution's understanding of national economic realities, but more importantly, our willingness to partner with our clients to identify emerging opportunities within the economy to be adequately equipped to achieve their personal and corporate goals in 2025,” Alebiosu said.
While he expressed optimism about the country's economy, he identified early signs, such as the stability of the foreign exchange market associated with the introduction of the electronic currency matching system in December 2024.
The CEO added that the emergence of competition in the supply side of the country's downstream sector is causing the prices of premium motor spirits (PMS) to fall.
“The first signs, such as the stability that characterized the foreign exchange market after the introduction of the electronic currency matching system in December 2024.
“The emergence of competition on the supply side of our nation's downstream sector, which is causing premium motor gasoline (PMS) prices to fall and refineries to return to normal of Port Harcourt & Warri, are indicative that there is indeed light at “The end of the tunnel for us as a country,” Alebiosu said.
NIGERIAN TRIBUNE