1954 – 1963
The Sexagenarian Banking Age
At Nigeria’s Independence in 1960, FirstBank advanced the first ever loans to the citizens of the independent Nigeria, thus starting true retail banking in Nigeria.
1955
FirstBank partnership with the Federal Government to expand the railway lines deepening commerce across the nation through expansion of distribution channels.
1957
The Bank changed name from Bank of British West Africa (BBWA) to Bank of West Africa (BWA) to truly reflect the regional identity.
1960
At Nigeria’s Independence in 1960, FirstBank advanced the first ever loans to the citizens of the independent Nigeria, thus starting true retail banking in Nigeria.
1963
Operated 114 branches across West Africa when Nigeria became a Republic, demonstrating passion for service; commitment to financial inclusion with over 100 branches as far back as 1963.
More Key Milestones
1994 – 2003
8
Revalidated business transformation project code-named “Century II: The New Frontier”, to revolutionise the Bank’s operations in line with the dynamics of the operating environment, strengthen the FirstBank brand to leverage and heighten customers’ experience, and project FirstBank as innovative, creative and dynamic.
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