First Bank of Nigeria plc

Strength & Stability in Uncertain Times

Annual Report & Accounts 2009

Business Review

Recognition and Awards

Befitting the scale of its operations, the Bank continued to clinch awards in the review period. The most notable of these are awards from The Nigerian Stock Exchange: the 31st Annual President's Merit Award for the 2007 Financial Year; the NSE Award of Excellence Certificate as The Quoted Company of the Year 2007; and the NSE Merit Award – Certificate of Merit in the Banking/Investment Sector for the best presentation, quality and depth of the Bank's Annual Report and Accounts for the year 2007. These awards attest to the Bank's commitment to best-in-class corporate governance practice, which has seen it attain levels of disclosure and transparency at par with globally accepted standards.

Other awards confirming the strength of the Bank's franchise include the Best Bank – Nigeria award, the Best Trade Finance Bank in Nigeria 2008, and the Best Foreign Exchange Bank in Nigeria 2008 given by Global Finance magazine, based in New York. In further confirmation of the Bank's outstanding commitment to its host communities, it was honoured with the Lagos State Ministry of the Environment Merit Award for its Outstanding Contribution to the Greening Policy of the State.

While these awards may be of immense value in themselves, they have further challenged us to remain socially responsible.

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