Forte Oil plc, Nigeria’s foremost petroleum products retailer announced its partnership with Guaranty Trust Bank Plc, through the launch of “GTExpress”; a comprehensive Agent Banking Service at its locations nationwide. This is a part of GTB’s efforts at bringing banking services to the door step of its existing and potential customers. GTExpress is banking via agent locations such as Supermarkets, Schools, Cinemas, Markets and Restaurants. It is an initiative to reach out to the under-banked and unbanked segments of the population in a cost efficient manner through the use of non-banking retail channels.
Through this partnership, GTBank will leverage the extensive reach of Forte Oil’s network of over 500 stations nationwide to further bring banking services such as Account Opening, Cash deposit and Withdrawal via ATMs, Customer Enquiries, Bills payment and Funds transfer closer to the people. The Bank has rolled out in 14 Forte Oil locations including Western Avenue, Surulere; Bank Road, Ikoyi; Local Airport Road, Ikeja; Festac; Olorunsogo, Mushin; Shomolu, Ikorodu Road, Apapa-Oshodi/ Mile 2 Expressway; Boundary Road Ajegunle; Campos Square Lagos Island, Jebba, Ebute Metta; Old Apapa Road; Wharf Road and Kingsway Road, Apapa.
The customers at these same locations are also able to access Forte Oil’s premium petroleum products, such as premium motor spirit (PMS/petrol), Automotive Gas Oil (AGO/diesel); its renowned top quality lubricant brands such as the Super Visco, Visco 2000 and Synth1000 to mention but a few; as well as other non-fuel services such as telecommunications, quick services restaurants, grocery stores, car wash and quick vehicle repair.
Having already entered into a similar agreement with MTN, a globally recognized telecommunications brand to bring communications services within the reach of Nigerians at hundreds of Forte Oil outlets, the partnership with GTBank further reinforces Forte Oil’s pursuit to building its forecourts into a web of unrivalled shopping convenience where its customers are poised to enjoy services beyond purchases of petroleum products through strategic partnerships with global and reputable brands.
According to the Managing Director of Guaranty Trust Bank plc; Segun Agbaje “The unbanked sector of the economy presents a significant growth area for banks in emerging markets. Our objective is to offer banking products and services to this segment via non-banking outlets thus breaking down barriers to financial inclusion such as accessibility and cost. This is a great step in achieving a more inclusive financial services industry”.
Also commenting, Akin Akinfemiwa, Group Chief Executive Officer, Forte Oil plc: “We are pleased with the GTBank partnership as it reinforces our vision of being a one stop shop whilst affirming the wide reach of our retail network. With this alliance our customers who patronize GTB Plc will be able to reduce commuting time and cost in attending to their various needs.
Guaranty Trust Bank plc was established in 1990 and has within the last 24 years come to be recognized as one of the most innovative and service focused banks in the Nigerian financial market space. GTBank has consistently pushed the innovative boundaries to make banking a convenient experience for its customers.
