FCMB millionaire promo goes digital, targets 23,000 customers First City Monument Bank (FCMB) has announced Season 8 of its annual retail campaign, Millionaire Promo, which rewards and empowers new and existing customers of the Bank with exciting prizes. The FCMB Millionaire Promo Season 8, which has gone fully digital, commenced in April and will end in September and is available to customers via the Bank's Mobile App and WinCity. WinCity is the gaming platform of the Bank, designed to engage, promote positive interactions and reward customers' loyalty to the brand. It is the first digital promo platform in the Nigerian banking industry where customers get to spin a wheel and win fantastic prizes instantly. The platform democratises access to opportunities to win and enhances the transparency of the promo process. Customers can visit WinCity as many times as they meet the required conditions of the promo. Speaking on the FCMB Millionaire Promo Season 8, the Divisional Head, Personal Banking, FCMB, Mr. Shamsideen Fashola, said: "We are excited to kick off the 8th Season of the FCMB Millionaire Promo. “The promo was designed to reward customers, enhance their overall experience, and promote financial inclusion and a savings culture. “As a responsive and innovative Bank, we are leveraging our Millionaire Promo Season 8 and WinCity gaming platforms to upscale our world-class digital banking offerings to deepen our engagement with customers and reward them in an exciting manner. “We encourage Nigerians to partake in this promo because they stand a chance to join several others who emerged winners in previous editions and have established flourishing businesses." To participate in the promo, existing customers must increase their savings account balance by N5,000 to get a chance to win up to N1m. New customers can open a savings account via the Bank's Mobile App and fund with a minimum of N5,000.00 to qualify to win up to N1m. Multiple deposits of N5,000 will increase the chances of getting more keys to play and win exciting prizes via the new FCMB Mobile App or WinCity. Apart from the grand prize winner of N1 million, thousands of other customers will win various cash and airtime rewards. Every month, five customers stand a chance to win N100,000 each; 20 others will smile home with N50,000 each; another 50 will be rewarded with N20,000 each, while 100 customers will receive N10,000 each. In addition, 200 customers stand a chance to win N5,000, and another 500 will go home with N2,000 each, while 1,000 and 2,000 customers will get N1,000 and N500 airtime, respectively. A total of 23,256 customers of FCMB will emerge as winners at the end of the six months of "FCMB Millionaire Promo Season 8". Every month, 3,876 winners will be rewarded. The "FCMB Millionaire Promo" targets existing and potential savings account customers. The promo has continued to transform lives since its commencement in 2013. Thousands of customers have won exciting prizes, including vehicles, cash, television sets, refrigerators, power generating sets, phones, tablets, and decoders. The digital version promises to be more exciting and rewarding.

First City Monument Bank (FCMB), a member of FCMB Group Plc, has partnered with the Mastercard Foundation to provide subsidized loans to 100,000 Micro, Small, and Medium Enterprises (MSMEs), to scale their operations to create work opportunities for young Nigerians.

The program, which is part of the Mastercard Foundation’s Young Africa Works strategy in Nigeria, aims to sustainably move Nigerian youth out of poverty. It is being executed through a novel $27.8 million (about N15.5 billion) MSME Revitalization Fund, ensuring that qualified MSMEs can access loans for their business at a single-digit interest rate.

Seventy percent of the fund targets women-owned MSMEs in agribusiness, the creative industry, and digital sector.

The remaining 30 percent will be deployed to meet the funding needs of youth-owned enterprises and businesses run by vulnerable members within Nigeria.   Speaking on the partnership, the Managing Director, FCMB, Yemisi Edun, described it as a purpose-driven intervention that would further help break the barriers that limit MSMEs’ productivity and overall success in Nigeria. She said, “The past few years have been very challenging for individuals, households, and businesses in Nigeria.

“We are proud to partner with the Mastercard Foundation to rebuild businesses, drive recovery, and stimulate economic growth by providing the much-needed support to Nigerians to engage in productive activities.”

The Mastercard Foundation’s Country Head for Nigeria, Chidinma Lawanson, stated: “This partnership will enable us to scale our support to reach even more young people and communities that have been affected by the pandemic. Together with our partners and others, we will continue to ensure that our efforts enable young people, especially young women, to access quality education, skills, and financial services so that they can transition to dignified and fulfilling work.”

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