The announcement was made at the official press conference of the tournament held on 16 March 2026 at Eko Hotels and Suites, Lagos.

ChessMasters is an annual chess tournament designed to equip the next generation with critical thinking, problem-solving, and leadership skills.

The competition targets children in primary school aged between 6 and 11 years old.

Organised by Eko Hotels and Suites and KEY Academy , ChessMasters was created to provide thousands of children across Nigeria with opportunities to develop modern educational skills, bringing schools together on a national stage.

Speaking at the press conference, Olayinka Ijabiyi, Acting Group Head, Marketing & Corporate Communications at FirstBank, said, “Our sponsorship of ChessMasters 2026 reflects our commitment to building talents and communities, driving inclusion, and deepening engagement through our First@Sports initiative, a platform that celebrates talent and promotes social impact through sports. With over a century of supporting legacy sports in Nigeria, we are proud of our enduring partnerships  – 105 years with the Georgian Cup, 65 years with the Lagos Amateur Golf Championship and 35 years with the Dala Hard Court Tennis Championship.”

Ijabiyi further highlighted how the sponsorship aligns with FirstBank’s sustainability pillars of Education, Health, and Welfare.

“We recognise the potential of chess to help school-age children challenge themselves, think critically, and compete at the highest level, hence we see the tournament as a launch pad for a pan-African movement leveraging chess as a tool for education, empowerment, and leadership development. We are utilising this platform as another avenue to promote social impact and drive positive change in the community.”

Caline Chagoury Moudabar, Director and Co- Founder of ChessMasters and her partner, Damilola Okonkwo of Key Academy, expressed appreciation for FirstBank’s support, noting that the partnership will help scale the impact of ChessMasters and inspire more schools to participate.

“We are happy to welcome FirstBank on board. This collaboration will boost chess development in Nigeria and promote critical thinking among young minds. With support from partners like FirstBank, we are opening the doors of participation to more children and more schools in this year’s edition.”

Prince Adeyinka Adewole, Vice President of the Nigeria Chess Federation, commended the initiative, emphasising its role in nurturing future chess talents.

“Chess connects people, ideas, and opportunities. It teaches children to be analytical, patient, and manage their time and resources effectively. Chess also improves concentration and has been particularly beneficial for children with autism,” he said.

The second edition of ChessMasters will be held on Saturday, 2 May 2026 at Eko Hotels and Suites, Lagos.

The competition is open to 150 schools across Lagos, with over 700 students expected to participate and vie for a total prize pool of N10 million.

FirstBank’s involvement in the 2026 edition of the tournament reinforces the potential of ChessMasters to become a launch pad for African children, leveraging chess as a tool for education, empowerment, and leadership development.

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The event will equip small and medium-sized enterprises, SMEs, with the knowledge and tools to harness the power of Artificial Intelligence (AI) for business growth.

This edition is strategically curated to inform and educate SMEs on how AI can be applied to scale their businesses in today’s rapidly evolving digital economy.

The chosen theme, “AI for Business Growth: From Adoption to Integration and Scalable Impact,” reflects the growing importance and timeliness of AI as one of the most influential trends shaping the SME business landscape.

The session will provide SMEs with actionable insights on how to leverage AI to enhance productivity, streamline operations, strengthen customer engagement, and make smarter, data-driven decisions.

The SMEConnect webinar will feature experts, including Temitope Odude, Senior AI Solutions Architect at Microsoft as a guest speaker.

Odude will provide credible and globally relevant perspectives on how SMEs can successfully adopt and integrate AI into their everyday business operations.

Other speakers include Abednego Ugwueke, Head of Digital Channels and Ibidun Adedewe, Head of SME Acquisition & Partnerships at FirstBank.

Speaking ahead of the event, Chuma Ezirim, Group Executive, e-Business and Retail Products at FirstBank, said, “SMEs are the backbone of the Nigerian economy, and at FirstBank, we recognise that the economy cannot thrive without them. As a committed growth partner to SMEs, this session reinforces our strong focus on innovation, demonstrated through initiatives such as the use of AI‑enabled credit scoring to deliver fast, instant loans to micro‑SMEs, with over ₦1 trillion disbursed to support customers’ financial needs. Building on this foundation, we are equipping business owners with the right knowledge and practical insights on Artificial Intelligence to help them scale in the short term and drive sustainable growth. I encourage every business owner to participate in this session to gain hands‑on guidance on integrating AI into everyday business operations.”

SME owners and entrepreneurs can register for the webinar at https://firstbanknigeria.zoom.us/webinar/register/WN_cUr1LhWFQXymTqWtONOOVg

SMEConnect Webinar series is one of FirstBank’s signature platforms for supporting SMEs with practical knowledge and strategic insights.

The Bank has consistently won awards for impacting businesses and for providing innovative solutions for customers and other stakeholders, including SMEs.

The Bank was named Best SME Bank in Nigeria and Best SME Bank in Africa by TAB Global Excellence in Retail Finance Awards for 2 years as at 2025.

The Bank also won the SME Financier of the Year- Nigeria awarded by The Digital Banker.

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This laudable initiative considers the importance of shelter to Nigerian citizens especially low and middle income earners that have to save for years before they can build for themselves. It aims at delivering homes to those who would apply without stress, putting smiles on the faces of Nigerians now, and during retirement.

Through MREIF, FirstBank will provide eligible customers with access to loans of up to N100 million with a repayment period of up to 20 years, at an attractive interest rate of 9.75% per annum. This is less than the usual interest rate on regular loans which sit at about 27% or more today. The repayment duration of 20 years makes the loan attractive for customers without stress.

The mortgage facility is available to salary account holders, business owners, and diaspora customers.

Interested customers are required to visit the Bank’s website: https://www.firstbanknigeria.com/personal/loans/mreif-home-loan/  where they can find detailed information and begin their journey toward homeownership.

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Through a strategic partnership with the Ministry of Finance Incorporated Real Estate Investment Fund, MREIF, First Bank of Nigeria Limited is unlocking access to one of the most affordable mortgage windows currently available in the country.

Backed by a N1 trillion MREIF fund designed to bridge Nigeria’s housing deficit, the initiative empowers Nigerians with long-term, low-cost credit to own their homes, not just dream about them.

Eligible customers can access up to N100 million, repayable over 20 years, at an attractive interest rate of 9.75% per annum, significantly lower than prevailing commercial lending rates hovering around 27% or more.

For many families, that difference could mean the gap between endless rent payments and holding the keys to their own property.

The facility is open to salary account holders, business owners and even diaspora customers looking to invest back home.

With housing prices unlikely to wait and opportunities this competitive rarely lasting long, if you want to own your own home, act quickly.

Interested applicants can visit FirstBank’s website to explore details and begin their journey toward owning a home before the window closes.

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But that narrative is quietly changing. Thanks to FirstBank.

The N1 Trillion Intervention Reshaping Access

In partnership with the Ministry of Finance Incorporated Real Estate Investment Fund (MREIF), FirstBank has unveiled a mortgage opportunity that could redefine access to housing finance in Nigeria.

Backed by the Federal Government’s N1trillion mortgage fund, the initiative is designed to empower Nigerians with affordable, long-term credit to own their homes.

9.75% Interest Rate in a 30% Lending Environment

MREIF is priced at 9.75% per annum, dramatically lower than prevailing commercial loan rates. Eligible Nigerians can access up to N100 million and repay within 20 years. This translates into significantly more manageable monthly repayments and greater long-term financial stability.

Built for Salary Earners, Entrepreneurs and the Diaspora

The MREIF mortgage facility has been structured to be inclusive. It is available to salary account holders, business owners and diaspora customers. Whether you are a young professional aiming to exit the rent cycle, an entrepreneur building generational stability, or you’re a Nigerian abroad looking to secure assets locally, the product opens a pathway that has historically been out of reach for many.

Taking the First Step

For those who have been waiting for the right time, this is definitely it. The question is no longer whether homeownership is possible. The real question is: will you act before the window narrows?

Visit https://www.firstbanknigeria.com/personal/loans/mreif-home-loan/ and in no time you could be the latest homeowner in town.

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Here are five things you should know:

1.Designed for Real People

This is not a luxury only scheme. It is structured to help middle income earners move from rent payments to ownership with a manageable repayments plan.

2.Single-Digit Interest Is Real (Yes, Really)

At 9.75% per annum, this isn’t your typical Nigerian mortgage with rates that make your eyes water. In a market where double-digit interest is the norm, this government-backed rate feels almost like a financial hack.

3. It is a Step Toward Financial Security.

Rent is an expense. A mortgage is an asset building strategy. This loan bridges the gap between today’s income and tomorrow’s equity.

4. The Diaspora Dream Is Alive

Nigerians abroad, take note; you can access this too. All you need is credit scores from international agencies like Equifax (plus a few extra documents) and that Lagos or Abuja home isn’t just a retirement fantasy anymore. It turns real.

5. Your Down Payment Just Got Smaller

Forget saving 30-40% upfront. MREIF requires just 10% equity contribution. That ₦100 million home? You need ₦10 million, not ₦30 million. The barrier to entry has never been this low for genuine homeownership.

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In Nigeria, the sustainability agenda has become a mainstay, with companies like FirstBank leading the charge. As the leading financial institution in West Africa, FirstBank has made significant strides in promoting sustainability/ESG, with notable achievements in renewable energy, financial inclusion, and environmental conservation. The bank’s sustainability initiatives are anchored on three pillars: education, health and welfare; diversity and financial inclusion; and responsible lending, procurement, and climate initiatives.

One of the bank’s notable achievements is its investment in renewable energy. In 2025, FirstBank invested over $9 million in solar home projects across Africa, providing clean and affordable energy to communities. The bank also supported modular power plants with over N15 billion, enhancing energy access and reducing reliance on fossil fuels. Additionally, FirstBank fulfilled its three-year commitment with the Nigerian Conservation Foundation (NCF) to plant 51,000 trees across Nigeria, promoting biodiversity preservation and absorbing approximately 720 tonnes of carbon dioxide.

The bank’s sustainability initiatives extend beyond environmental conservation. Over 1 million students have been impacted with financial literacy skills, empowering them to make informed financial decisions and secure their futures. The bank partnered with CFA Society Nigeria on the CFA Universities Ethics Challenge. It was also a major partner of the 15th Junior Achievement Company of the Year competition, presenting the FirstBank CEO award to Team Mauritius (Plantura).

FirstBank has also invested in leadership development for over 2,000 female employees through the FirstBank Women Network, promoting diversity and inclusion in the workplace. The bank screened 340 corporate transactions for ESG risks worth almost ₦5 billion and $340 million for sustainability risks within the year, further integrating ESG considerations into its credit framework. The bank’s commitment to sustainability earned it numerous international awards and recognitions, including Nigeria’s Best Bank for Environmental, Social, and Governance (ESG) at the prestigious Euromoney Awards for Excellence 2025, for the second time in a row.

Its commitment to climate governance was demonstrated in its corporate membership of Climate Governance Initiative (CGI) Nigeria, where the bank is a member of the Advisory Board. The bank is also part of the Steering Committee, overseeing operations and strategy. It participated in the Directors’ Engagement Series and led the adoption of IFRS S1 and S2 standards for transparent sustainability disclosures. FirstBank has implemented these standards, enhanced board oversight via its Board Risk Management Committee, and integrated climate considerations into risk management and decision-making.

As FirstBank continues to drive sustainable development in Africa, its efforts serve as a model for other financial institutions to follow. The bank’s achievements demonstrate that sustainability and business growth can go hand-in-hand, creating value for stakeholders and contributing to a more equitable and prosperous future. Looking ahead, FirstBank plans to expand its sustainability efforts through strategic partnerships and innovative solutions. The bank aims to increase its investment in renewable energy projects, expand its financial literacy programmes, and promote sustainable business practices.

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This milestone was achieved following the completion of a series of strategic capital initiatives, including a Rights Issue, a Private Placement, and the injection of proceeds from the divestment of the Group’s merchant banking subsidiary.

The successful capitalisation underscores strong market confidence in FirstHoldCo Group’s business model, long-term strategy, and growth prospects.

With a fortified capital base, FirstBank is positioned to accelerate its support for the real sector, enhance financial inclusion, and deliver innovative, digitally driven customer experiences.

The recapitalisation strengthens the Group’s overall financial resilience, providing a robust platform for earnings growth through business expansion, technological innovation, and the pursuit of new opportunities.

In March 2024, the CBN directed commercial banks to raise their capital base to a minimum of ₦500 billion within a 24-month period to bolster the Nigerian banking sector’s stability and capacity.

FirstBank has now fulfilled this requirement well ahead of the regulatory deadline.

In a related development, FirstHoldCo have expressed its desire to raise fresh funding and inject additional capital into the Group’s existing subsidiaries and new business adjacencies in 2026.

This forward-looking commitment is aimed at further enhancing service offerings and facilitating strategic expansion.

Commenting on the achievement, Mr. Femi Otedola, Chairman of First HoldCo Plc, said: “On behalf of the Board, I extend our profound gratitude to our shareholders for their trust and unwavering support throughout this capitalisation programme. From the oversubscribed Rights Issue to the seamless Private Placement, investors have demonstrated resounding confidence in our strategic direction. Securing FirstBank’s capital base ahead of schedule is a testament to our collective commitment and positions us firmly for our next growth phase. We also appreciate the professional guidance of the CBN and SEC throughout this process.”

Mr. Wale Oyedeji, Group Managing Director of First HoldCo Plc, added: “This successful capital raise is a pivotal milestone for FirstHoldCo. It provides us with the financial strength to execute our core strategic priorities: driving innovation, delivering superior customer value, and enhancing sustainable profitability. With this solid foundation, we are focused on accelerating performance, improving competitive returns, and delivering lasting value to all our stakeholders.”

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The theme of the session is “The Great Calibration: Mastering Resilience in an Era of Asynchronous Growth.”

Nigeria Economic Outlook is an annual customer-facing session which sets the tone on prevailing economic realities, equipping FirstBank customers with insights to navigate the economy effectively at the start of the year.

The 2026 edition will review Nigeria’s economic landscape over the past year, provide an outlook for 2026, and deliver expert perspectives on global and domestic trends and their implications for the nation’s economy in the year ahead.

Commenting ahead of the event, the Acting Group Head, Marketing & Corporate Communications at FirstBank, Olayinka Ijabiyi said, “FirstBank remains dedicated to supporting the growth and development of Nigerian businesses and individuals, and this event is a testament to that commitment. As we welcome the new year, the Nigeria Economic Outlook 2025 will serve as a platform for our customers and stakeholders to learn how to navigate the complexities of Nigeria’s economic landscape in 2026. This initiative aims to help them make informed decisions based on expert recommendations and insights garnered from the session to drive giant transformative progress, allowing both businesses and individuals to thrive in the new year.”

The session will feature a distinguished lineup of speakers including economic analysts and industry leaders.

The keynote address will be delivered by Yemi Kale, Group Chief Economist and Managing Director of Research and Trade Intelligence, Afrexim Bank.

Following the keynote, a high-level panel discussion will feature Olusegun Zaccheaus, Chief Economist, PwC; Francis Anatogu, Chief Executive Transaharan; Professor Bongo Adi, Professor of Economics & Data Analytics, Lagos Business School; Niyi Yusuf, Managing Partner, Verraki; Cheta Nwanze, Lead Partner at SBM Intelligence; Osahon Ogieva, Deputy Managing Director, FirstBank; Ayokunle Ojo, Head, Treasury Sales & Derivatives Marketing, FirstBank; and Laura Fisayo-Kolawole, Head, Equities and Alternative Solutions, First Asset Management.

The panel discussion will be moderated by Chike Uzoma, Head, Strategy & Corporate Development, FirstBank.

To be a part of the session, interested participants can register and participate via  https://firstbanknigeria.zoom.us/webinar/register/WN_PvQyniM4Rpmp1HqQoqbPvQ

As the partner of first choice for personal, business and corporate financial decisions, FirstBank will continue to support Nigerians in achieving their financial aspirations, driving growth and prosperity across the nation, and shaping a brighter economic future for all.

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The highlight of FirstBank’s participation is the construction of a 500-seater premium bleacher, designed to provide comfort, safety, and an elevated viewing experience for carnival enthusiasts.

Speaking on the sponsorship, the Acting Group Head Marketing and Corporate Communications, FirstBank, Olayinka Ijabiyi, noted that the carnival aligned with the Bank’s First@Arts initiative, a platform dedicated to supporting the creative arts value chain across Nigeria.

He said, “We recognise the transformative power of the arts, including carnivals, in inspiring people and strengthening national unity. For more than 131 years, we have supported platforms that promote self-expression, social reflection and cultural exchange. Our investment in the Carnival Calabar & Festival demonstrates our commitment to preserving the nation’s rich cultural heritage through First@Arts.”

“As part of our sponsorship this year, we are introducing the first-ever private 500-seater premium bleacher to further elevate the carnival experience. This exclusive seating is designed to provide exceptional comfort and an unforgettable viewing experience for attendees,” Ijabiyi added.

The chairman of the Cross River State Carnival Calabar Commission, Gabe Onah, also commented on FirstBank’s sponsorship.

“FirstBank’s involvement is a strong demonstration of private-sector support for culture and tourism. This partnership not only enhances the overall quality of the carnival but also strengthens its global appeal,” he said.

The Carnival Calabar & Festival 2025 is officially marketed by Okhma Global Limited, the appointed Official Marketer responsible for brand partnerships, promotional engagements, and ticket sales.

Okhma Global Limited has partnered with the Cross River State government in delivering Carnival Calabar & Festival for over ten years, playing a key role in strengthening the carnival’s commercial growth and global visibility.

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