FirstBank Hits N1 Trillion in Transactions Processed through its Firstmonie Network; spearheads the Financial Inclusion drive by the Central Bank of Nigeria.

Nigeria’s premier financial services provider and Bank of first choice, First Bank of Nigeria Limited has announced that its Firstmonie network has processed a cumulative transaction value of N1 trillion from its relaunch in January 2018. The network also achieved nationwide coverage in record time, enabling access to financial services for many locations that never had a way for its residents to access financial services. This is in line with the Central Bank of Nigeria (CBN)’s objective of bringing banking services close to all Nigerians, irrespective of where they live.

FirstBank’s Firstmonie service provides financial/banking solutions to rural and semi-urban locations across the country, such as account opening, cash deposit, cash withdrawals, airtime purchase, bill payments and much more. Through this channel, the Bank is committed to providing convenient services that endears trust and provides ease of access to banking products, thereby saving time and travel costs for users of our network.

According to Dr. Adesola Adeduntan, the Chief Executive Officer, First Bank of Nigeria Limited; “The Firstmonie scheme is supporting the Federal Government’s empowerment and job creation agenda as over 22,000 Nigerians, through this scheme, contribute to the increased economic activities of their neighborhoods. Our partner network is growing and we are particularly delighted about the progress we are making in actively driving nationwide Financial Inclusion, exposing communities to opportunities for growth, jobs, empowerment, and improved live conditions. Yet again, we are delighted to score another first in promoting financial inclusion in the country.”

“We appreciate our partner network and remain committed to working together to achieve even greater impact on the lives of Nigerians”, he concluded

 

About FirstBank

First Bank of Nigeria Limited (FirstBank) is the premier Bank in West Africa and the leading banking services solutions provider in Nigeria for 125 years. With some 15 million customer accounts, FirstBank provides a comprehensive range of retail and corporate financial services with over 750 business locations. The Bank has international presence through its subsidiaries, FBN Bank (UK) Limited in London and Paris, FBNBank in the Republic of Congo, Ghana, The Gambia, Guinea, Sierra-Leone and Senegal, as well as a Representative Office in Beijing.

Since its establishment in 1894, FirstBank has consistently built relationships with customers focusing on the fundamentals of good corporate governance, strong liquidity, optimised risk management and leadership. Over the years, the Bank has led the financing of private investment in infrastructure development in the Nigerian economy by playing key roles in the Federal Government’s privatisation and commercialisation schemes. With its global reach, FirstBank provides prospective investors wishing to explore the vast business opportunities that are available in Nigeria, an internationally competitive world-class brand and a credible financial partner.

FirstBank has been named “Most Valuable Bank Brand in Nigeria” six times in a row (2011 – 2016) by the globally renowned “The Banker Magazine” of the Financial Times Group; “Best Retail Bank in Nigeria” for seven consecutive years (2011 – 2017) by the Asian Banker International Excellence in Retail Financial Services Awards and “Best Bank in Nigeria” by Global Finance for 15 years. Our brand purpose is to always put customers, partners and stakeholders at the heart of our business, even as we standardise customer experience and excellence in financial solutions across sub-Saharan Africa, in consonance with our brand vision “To be the partner of first choice in building your future”. Our brand promise is to always deliver the ultimate “gold standard” of value and excellence. This commitment is anchored on our inherent values of passion, partnership and people, to position You First in every respect.

 

Folake Ani-Mumuney
Group Head, Marketing & Corporate Communications
www.firstbanknigeria.com

fbadmin
May 15th, 2019

The shareholders of FBN Holdings Plc have been assured of brighter future and enhanced dividend at the 7th Annual General Meeting (AGM) in Lagos.
Speaking at the meeting in Lagos, Dr Oba Otudeko,  FBN Holdings Group Chairman, assured the shareholders that the company had mapped out strategies aimed at ensuring enhanced value creation for the future.
Otudeko said that the board and management would work together to create shareholder value and build strong foundation for the future.
“We are not resting on our laurels, and our renewed approach to synergy and innovation will be major drivers to unlocking earnings potential for our group”.
“We believe that our efforts to integrate our offerings and provide end-to-end solutions for our customers will create a competitive advantage in our markets,” he said.
Also speaking, Mr Urum Kalu Eke,  Group Managing Director FBN Holdings, said that the company was committed to greater exploits in the future in its drive to deliver value to its shareholders.
“I would like to reiterate our promise to you and the entire market that 2019 represents for us the year of inflection”.
“All leading indicators, derived from our numbers, point to the commencement of growth across businesses, markets and indices”.
“As we transition to a new strategic planning cycle post-2019, we are confident that the focused execution  of our strategy, investment in future-enabling technologies, development of our talents and our re-engineered processes to repositioning the group for ultimate benefit of the shareholders”, Eke said.
He also commended the shareholders for their unwavering support to the group over the years.

The company for the period under review posted a profit after tax of N59.7 billion compared with N45. 5 billion achieved in the comparative period of 2017, an increase of 31.4 per cent.

Profit before tax stood at N65. 3 billion against N54.5 billion recorded in 2017, representing a growth of 19.7 per cent.

Gross earnings stood at N583.5 billion compared with N595. 4 billion in 2017, a decrease of two per cent.

Its total assets rose by 6.3 per cent from N5.2 trillion in 2017 to N5.6 trillion during the review period.

Similarly, customers deposits expanded by 10.9 per cent from N3.1 trillion in 2017 to N3.5 trillion in 2018.

The year also recorded reduction in impairment charges which declined to N87. 3 billion from N150.4 billion, representing 42 per cent drop and a proof to the improving loan book of the commercial bank.

He assured the shareholders that the board and management had restructured the entire group for more sustainable growth.

“For liquidity perspective,  you have a strong institution that would pay dividend on a regular basis.

“We have built capital buffet at the commercial bank and the other entities are well capitalised also”.

“2019 promises to be a much better year than 2018; all operating entities are in safe hands with good management teams”.

“NPL ratio should be at single digit by end of 2019, we will pursue recovery and when it happens the commercial bank will contribute to dividend payment,” he stated.

Eke noted that significant growth in the bottom line was due to several factors including the improved risk management processes which endured that impairment changes dropped year-on-year.

He also attributed the growth to implementation of servers cost containment initiatives during the period.

Also speaking was Dr Adesola Adeduntan, Chief Executive Officer First Bank of Nigeria Limited, said that recovery efforts on all accounts provisioned were in progress.
Adeduntan said that the bank would ensure that no kobo would be left in the hands of third party, noting that, they bank would work harder to resolve all the legacy NPL.

He said that the number of banking agents had increased to 20,000, adding that the figure processed through  agency banking platform reached N1 trillion as at last week.

The shareholders at the meeting approved a total dividend of N9.3 billion, which translated to 26k per share.

agm_2019
The Chief Executive Officer, FirstBank, Dr. Adesola Adeduntan; Group Managing Director, FBN Holdings Plc., Mr. UK Eke; Group Chairman, FBN Holdings Plc., Dr. Oba Otudeko, CFR and Company Secretary, FBN Holdings Plc. Mr. Seye Kosoko, at the 7th Annual General Meeting of FBN Holdings Plc held in Lagos.

fbadmin
May 7th, 2019

FirstBank Digital Lab will convene for its second Fireside chat on Friday, 31 August 2018. The Bank’s digital lab would play host to the event with the topic “Artificial Intelligence in Banking & Payments”, facilitated by Ope Adeoye, Managing Partner, 2iLabs.

The FirstBank Digital Lab Fireside Chat is a public conversation that brings together active players in the technology community to have thought-provoking discussions, revealing new perspectives on a range of discussion points, pulling out genuinely relevant insights.

The topic for this edition is in recognition of the extensive and growing impact Artificial Intelligence (AI) is having on the modus operandi of the Nigerian banking industry as a basis for competitive advantage in service delivery by industry players and its culminating influence in the experience by end users, customers.

The monthly series which debuted on Friday, 27 July 2018 highlights FirstBank’s digital-centric approach to business as it aims to promote fintech penetration amongst its stakeholders. The engagement provides a vantage forum for practitioners to have experience of success stories and foster the exchange of ideas on trends in the industry.

 

About FirstBank

First Bank of Nigeria Limited (FirstBank) is the premier Bank in West Africa and the leading banking services solutions provider in Nigeria. With some 14 million customer accounts, FirstBank provides a comprehensive range of retail and corporate financial services with over 750 business locations. The Bank has international presence through its subsidiaries, FBN Bank (UK) Limited in London and Paris, FBNBank in the Republic of Congo, Ghana, The Gambia, Guinea, Sierra-Leone and Senegal, as well as a Representative Office in Beijing.

 

Since its establishment in 1894, FirstBank has consistently built relationships with customers focusing on the fundamentals of good corporate governance, strong liquidity, optimised risk management and leadership. Over the years, the Bank has led the financing of private investment in infrastructure development in the Nigerian economy by playing key roles in the Federal Government’s privatisation and commercialisation schemes. With its global reach, FirstBank provides prospective investors wishing to explore the vast business opportunities that are available in Nigeria, an internationally competitive world-class brand and a credible financial partner.

 

FirstBank has been named “Most Valuable Bank Brand in Nigeria” six times in a row (2011 – 2016) by the globally renowned “The Banker Magazine” of the Financial Times Group; and “Best Retail Bank in Nigeria” for seven consecutive years, 2011 – 2017, by the Asian Banker International Excellence in Retail Financial Services Awards. Our brand purpose is to always put customers, partners and stakeholders at the heart of our business, even as we standardise customer experience and excellence in financial solutions across sub-Saharan Africa, in consonance with our brand vision “To be the partner of first choice in building your future”. Our brand promise is to always deliver the ultimate “gold standard” of value and excellence. This commitment is anchored on our inherent values of passion, partnership and people, to position You First in every respect.

August 30th, 2018
FirstBank Chinese Business Forum: Deepening intercontinental partnerships

As part of its strategic drive to strengthen business partnerships between Nigeria and China, First Bank of Nigeria Limited recently organised the FirstBank-Chinese Business forum. The event themed; Deepening Sino-Nigerian Cooperation was held on Tuesday, July 17, 2018 at the Oriental Hotel, Lagos.

The FirstBank Chinese Business Forum was organised as part of the overarching strategy by the Bank to drive business conversations and the promotion of business and economic partnerships between Nigeria and China. Only recently, the Central Bank of Nigeria reached a currency swap agreement with the Peoples Bank of China in order to ease the burden of the liquidity issues faced by Nigerian business owners and Chinese manufacturers. Notably, FirstBank is among the four banks appointed as settlement banks in the deal.

Chief Diana Chen, the Group Chairman, CIG Motors was among the panelists at the plenary session and discussed  the recently signed currency swap deal between the Chinese and the Nigeria governments,  Lekki free trade zone and other collaboration between Nigeria and China. FirstBank’s Group Executive, Treasury & Financial Institutions, Ini Ebong; Head, Foreign Banking Services, Ayotunde Fanimokun and Group Head, Products & Marketing Support, Abiodun Famuyiwa joined in the plenary session with the Chinese industrialist. Mr. Ebong led the FirstBank’s team.

Speaking at the event, Adesola Adeduntan, the MD/CEO, First Bank of Nigeria Limited & Subsidiaries said; “The business relationship between China and Nigeria is of great importance to us hence the establishment of our Representative Office in Beijing, China in 2010, to cater to the growing needs of Sino-Nigeria businesses, and to provide support in channeling trade flows between the two countries. Our promise is that we will always deliver the ultimate gold standard of value and financial excellence as we put customers at the heart of our business.”

With the establishment of its representative office in China, FirstBank became the first Nigerian bank to record its presence in the Asian country and has since  been a financial gateway in promoting business between China and Nigeria, a recognition that earned the Bank an invitation as a member of the Forum on China-Africa Cooperation (FOCAC) to promote the strategic advancement of the China Belt and Road Initiative, the United Nations 2030 agenda and the African Union 2063 development strategies for African economies.

The FirstBank-Chinese business forum is one of the bank’s efforts to drive better customer services culture as part of its service excellence initiative.

About FirstBank

First Bank of Nigeria Limited (FirstBank) is the premier Bank in West Africa and the leading banking services solutions provider in Nigeria. With some 14 million customer accounts, FirstBank provides a comprehensive range of retail and corporate financial services with over 750 business locations. TheBank has international presence through its subsidiaries, FBN Bank (UK) Limited in London and Paris, FBNBank in the Republic of Congo, Ghana, The Gambia, Guinea, Sierra-Leone and Senegal, as well as a Representative Office in Beijing.

Since its establishment in 1894, FirstBank has consistently built relationships with customers focusing on the fundamentals of good corporate governance, strong liquidity, optimised risk management and leadership. Over the years, the Bank has led the financing of private investment in infrastructure development in the Nigerian economy by playing key roles in the Federal Government’s privatisation and commercialisation schemes. With its global reach, FirstBank provides prospective investors wishing to explore the vast business opportunities that are available in Nigeria, an internationally competitive world-class brand and a credible financial partner.

FirstBank has been named “Most Valuable Bank Brand in Nigeria” six times in a row (2011 – 2016) by the globally renowned “The Banker Magazine” of the Financial Times Group; and “Best Retail Bank in Nigeria” for seven consecutive years, 2011 – 2017, by the Asian Banker International Excellence in Retail Financial Services Awards. Our brand purpose is to always put customers, partners and stakeholders at the heart of our business, even as we standardise customer experience and excellence in financial solutions across sub-Saharan Africa, in consonance with our brand vision “To be the partner of first choice in building your future”. Our brand promise is to always deliver the ultimate “gold standard” of value and excellence. This commitment is anchored on our inherent values of passion, partnership and people, to position You First in every respect.

Folake Ani-Mumuney

Group Head, Marketing & Corporate Communications

www.firstbanknigeria.com

fbnweb
July 23rd, 2018
Posted In: 2018 Press Releases
firstbank naira mastercard

First Bank of Nigeria Limited has announced a promotional campaign to reward its customers for using their FirstBank Naira MasterCard for international transactions. The promo will run for four months, beginning in July 2018, through October, 2018.

The FirstBank Naira MasterCard variants include the Classic MasterCard Debit, Platinum MasterCard Debit, and the Expressions on Cards. These cards are denominated in Naira and issued in partnership with MasterCard Worldwide. The Cards are linked directly to customers’ Naira denominated current and/or savings accounts and offer a convenient alternative to the use of cash and cheques by giving direct access to funds in cardholders’ accounts across all channels such as ATM, POS and WEB.

FirstBank Naira MasterCard holders who transact on POS/WEB for values between $2,000 and $3,000 per month will get the Naira equivalent of 0.5% the value of the transactions credited back into their accounts, while Customers who transact on POS/WEB for values between $3,001 and $5,000 per month, will get the Naira equivalent of 1% the value of the transactions credited back into their accounts.

These cards can be used to pay for goods and services at over 29 million locations and Merchant outlets as well as withdraw cash from over 1.8 million ATMs worldwide. FirstBank employs the use of Chip & PIN technology to guard against unauthorized transactions on cards.

According to the Group Head, e-Business, First Bank of Nigeria Limited, Mr. Chuma Ezirim, ”FirstBank is delighted to reward its customers who carry out their financial transactions in an easy, secure and  seamless way at any given time and anywhere during this summer period all around the world”.

Walk into any FirstBank branch today and pick up your Naira MasterCard to get rewarded.

 

About FirstBank

First Bank of Nigeria Limited (FirstBank) is the premier Bank in West Africa and the leading banking services solutions provider in Nigeria. With some 14 million customer accounts, FirstBank provides a comprehensive range of retail and corporate financial services with over 750 business locations. The Bank has international presence through its subsidiaries, FBN Bank (UK) Limited in London and Paris, FBNBank in the Republic of Congo, Ghana, The Gambia, Guinea, Sierra-Leone and Senegal, as well as a Representative Office in Beijing.

Since its establishment in 1894, FirstBank has consistently built relationships with customers focusing on the fundamentals of good corporate governance, strong liquidity, optimised risk management and leadership. Over the years, the Bank has led the financing of private investment in infrastructure development in the Nigerian economy by playing key roles in the Federal Government’s privatisation and commercialisation schemes. With its global reach, FirstBank provides prospective investors wishing to explore the vast business opportunities that are available in Nigeria, an internationally competitive world-class brand and a credible financial partner.

FirstBank has been named “Most Valuable Bank Brand in Nigeria” six times in a row (2011 – 2016) by the globally renowned “The Banker Magazine” of the Financial Times Group; and “Best Retail Bank in Nigeria” for seven consecutive years, 2011 – 2017, by the Asian Banker International Excellence in Retail Financial Services Awards. Our brand purpose is to always put customers, partners and stakeholders at the heart of our business, even as we standardise customer experience and excellence in financial solutions across sub-Saharan Africa, in consonance with our brand vision “To be the partner of first choice in building your future”. Our brand promise is to always deliver the ultimate “gold standard” of value and excellence. This commitment is anchored on our inherent values of passion, partnership and people, to position You First in every respect.

Folake Ani-Mumuney

Group Head, Marketing & Corporate Communications

www.firstbanknigeria.com

fbnweb
July 18th, 2018
Posted In: 2018 Press Releases
2018 FirstBank Corporate Sustainability and Responsibility Week.

FirstBank Celebrates 2018 Corporate Sustainability and Responsibility Week across 8 Countries, over 800 Business Communities

First Bank of Nigeria Limited commemorated the second edition of its Corporate Responsibility and Sustainability (CR&S) Week scheduled from June 19 – 23, 2018.  The event themed ‘Touching Lives; You First’ offered FirstBank employees the opportunity to give their time and resources in the service of humanity. The week-long event which is being commemorated across its business communities in Nigeria, United Kingdom, Democratic Republic of Congo, Ghana, Sierra-Leone and Senegal is a reflection of the Bank’s brand promise to always put stakeholder needs first, while it reinforces the Bank’s role in driving sustainable development in the communities where it operates.

The events are tailored towards re-orientating the society along the right values; encouraging the citizenry to intentionally create positive impact in their immediate environment.

 

Major Highlights of the 2018 commemoration include:

Promoting Acts of Random Kindness in over 800 Business Communities– This initiative launched in 2017 as Staff Promoting Acts of Random Kindness has been expanded to give opportunities to everyone to participate. Consequently,  it  has been tagged ‘Start Promoting Acts of Random Kindness’ (SPARK)  and a Giving platform has been put in place to encourage all interested parties to donate to humanitarian causes. All stakeholders are encouraged to nominate people they believe are deserving of kindness. Nominations were sent to spark@firstbanknigeria.com with supporting reasons in not more than 100 words.

Giving and visits to orphanages/less privileged homes across Sub-Saharan Africa and United Kingdom:  FirstBank staff drive welfare through visits to homes of the less privileged and elderly across the Bank’s footprints in Sub-saharan Africa and the United Kingdom to donate gift items.

Career counseling for over 3000 students: Executive Management and staff delivered impactful career counseling sessions with secondary school students across the regions to inculcate financial literacy and inclusion in young students.

Provision of Vision Screening and Eye Glasses for 2000 People: The Bank in partnership with VisionSpring to provided vision screening and affordable eye glasses for low income earners. This initiative is structured around three social impact themes: See to Earn, See to Learn, and See to be Safe to impact the lifestyles of their communities

Empowerment for over 500 Widows: FirstBank also commemorated the International Widows Day (IWD) on June 23, 2018 in partnership with the International Women’s Society (IWS) to empower women establish their own businesses and cater for their children.

 

About FirstBank

First Bank of Nigeria Limited (FirstBank) is the premier Bank in West Africa and the leading banking services solutions provider in Nigeria. With some 14 million customer accounts, FirstBank provides a comprehensive range of retail and corporate financial services with over 750 business locations. The Bank has international presence through its subsidiaries, FBN Bank (UK) Limited in London and Paris, FBNBank in the Republic of Congo, Ghana, The Gambia, Guinea, Sierra-Leone and Senegal, as well as a Representative Office in Beijing.

Since its establishment in 1894, FirstBank has consistently built relationships with customers focusing on the fundamentals of good corporate governance, strong liquidity, optimised risk management and leadership. Over the years, the Bank has led the financing of private investment in infrastructure development in the Nigerian economy by playing key roles in the Federal Government’s privatisation and commercialisation schemes. With its global reach, FirstBank provides prospective investors wishing to explore the vast business opportunities that are available in Nigeria, an internationally competitive world-class brand and a credible financial partner.

FirstBank has been named “Most Valuable Bank Brand in Nigeria” six times in a row (2011 – 2016) by the globally renowned “The Banker Magazine” of the Financial Times Group; and “Best Retail Bank in Nigeria” for seven consecutive years, 2011 – 2017, by the Asian Banker International Excellence in Retail Financial Services Awards. Our brand purpose is to always put customers, partners and stakeholders at the heart of our business, even as we standardise customer experience and excellence in financial solutions across sub-Saharan Africa, in consonance with our brand vision “To be the partner of first choice in building your future”. Our brand promise is to always deliver the ultimate “gold standard” of value and excellence. This commitment is anchored on our inherent values of passion, partnership and people, to position You First in every respect.

Folake Ani-Mumuney

Group Head, Marketing & Corporate Communications

www.firstbanknigeria.com

Some Pictures From 2018 FirstBank Corporate Sustainability and Responsibility Week

2018 Corporate Sustainability and Responsibility Week of FirstBank
2018 Corporate Sustainability and Responsibility Week of FirstBank
2018 FirstBank Corporate Sustainability and Responsibility Week
fbnweb
June 21st, 2018
Posted In: 2018 Press Releases

First Bank of Nigeria Limited has announced the introduction of the Contactless Naira Master Card to its array of debit cards to promote convenience, ease of transactions and the security of funds. FirstBank debit cards are acceptable nationwide and globally, they can be used to withdraw cash and access value added services including bills payment, airtime recharge, flight and hotel booking among others.

The FirstBank Contactless Naira Master Card enables quick pin-less purchases and is a fast secure way for customers to shop locally and globally. The contactless card can be used for making payments in the London transport network such as buses, tubes, trams, Dock and Light Railway (DLR) and the London Overground as well as in Grocery shops, supermarkets and Gas stations within London metropolis. The card is designed to enhance a cashless lifestyle by promoting increased card usage for lower value transactions. Payments are made by tapping the card on the POS machine with contactless functions for low value transactions; the card can also be used in a regular POS as a normal MasterCard. The daily limits for pin-less transactions are N3000 for the contactless naira master card and N10,000.00 for the contactless Platinum Debit MasterCard.

The FirstBank Verve debit card is Chip & PIN secured for greater protection of customers’ funds, provides extra protection for web based transactions with “Safetoken”, is Naira- denominated, and personalised, bearing the customer’s name. It is accepted wherever the Interswitch or Verve logo is displayed and can also be used to perform transactions via the Quickteller services menu on FirstBank ATMs. This Card is issued in 15 minutes at FirstBank branches, saves time and is very easy to obtain.

With the FirstBank Expressions on Card, Customers now have the freedom to design the look and feel of their cards with their most cherished memories and spend with a card that is as unique as them. The card is Naira-denominated and is accepted globally for online, ATM and PoS transactions.

The Bank also issues the Platinum Naira MasterCard to serve High Net-worth Customers. The Platinum Naira MasterCard is a Naira denominated international Debit card issued in partnership with MasterCard Worldwide, and enables transactions all over the world wherever the MasterCard logo is displayed. This card provides access to e-Commerce across the globe and enhanced security with the Europay MasterCard Visa (EMV) technology that greatly reduces the cloning of cards; access to international emergency services such as card replacement and cash advance. Customers with the Platinum Naira Master Card also have access to higher local daily transaction limits from FirstBank. The card is accepted worldwide at over 29.million merchant locations and can be used for transactions over the WEB or POS as well as cash withdrawals at over 1.8 million ATMs, in over 200 countries. The card is also secured by Chip & PIN technology and is issued within 15 minutes at FirstBank branches.

The Visa Debit Card is a dual currency card denominated in NGN and USD, allowing customers spend Naira from their Naira account when in Nigeria and Dollars from their domiciliary account when outside the country. The card also has the EMV (Chip & PIN)  enhanced security that ensures safety of funds and transactions. The Visa Debit card is accepted globally for ATM withdrawals, POS payments terminals as well as online for goods and services.

FirstBank is re-certified to the Payment Card Industry Data Security Standard (PCI DSS) version 3.2, and this recertification reaffirms the Bank’s leading position in the payment card industry in Nigeria. Recently, FirstBank was named the first financial institution in Nigeria and the West-Africa sub-region to issue 10 million cards to customers across the country. This makes FirstBank the second bank in Africa to achieve this feat. With this milestone, the Bank has maintained a 95% active card ratio and currently processes about 30% of card transactions in the entire banking industry.

 

About FirstBank

First Bank of Nigeria Limited (FirstBank) is Nigeria’s premier and most valuable banking brand, and largest financial services institution by total assets and gross earnings. With more than 12 million customer accounts, FirstBank has over 750 branches providing a comprehensive range of retail and corporate financial services. The Bank has international presence through its subsidiaries, FBN Bank (UK) Limited in London and Paris, FBNBank in the Republic of Congo, Ghana, The Gambia, Guinea, Sierra-Leone and Senegal, as well as its Representative Office in Beijing.

Since its establishment in 1894, FirstBank has consistently built relationships with customers focusing on the fundamentals of good corporate governance, strong liquidity, optimized risk management and leadership. Over the years, the Bank has led the financing of private investment in infrastructure development in the Nigerian economy by playing key roles in the Federal Government’s privatisation and commercialisation schemes. With its global reach, FirstBank provides prospective investors wishing to explore the vast business opportunities that are available in Nigeria, an internationally competitive world-class brand and a credible financial partner.

FirstBank has been named “Most Valuable Bank Brand in Nigeria” six times in a row – 2011, 2012, 2013, 2014, 2015, 2016 – by the globally renowned “The Banker Magazine” of the Financial Times Group; and “Most Innovative Bank in Africa” in the EMEA Finance African Banking Awards 2014. Recently, for the seventh consecutive time, the Bank clinched the “Best Retail Bank in Nigeria” award by The Asian Banker. Our brand purpose is to always put customers, partners and stakeholders at the heart of our business, even as we standardise customer experience and excellence in financial solutions across sub-Saharan Africa, in consonance with our brand vision “To be the partner of first choice in building your future”. Our brand promise is to always deliver the ultimate “gold standard” of value and excellence. This commitment is anchored on our inherent values of passion, partnership and people, to position You First in every respect.

 

Folake Ani-Mumuney

Group Head, Marketing & Corporate Communications

www.firstbanknigeria.com

fbadmin
May 11th, 2018

In partnership with Visa International, First Bank of Nigeria Limited has announced that 2 lucky winners will emerge from its on-going Visa Gold card issuance and usage promo. Each winner will be entitled to take a partner along, for a 5 day all-expense paid trip to Russia for the 2018 FIFA World Cup event.

To qualify for the promo, customers are expected to spend a minimum of 500 US Dollars on their FirstBank Visa Gold cards.  The promo is open to new and existing customers and ends on Monday, April 30, 2018.

The FirstBank Visa Gold card is an international premium credit card, issued in partnership with Visa International. It is accepted for payment at over 29 million partner locations and enabled for cash withdrawals at over 1.8 million ATMs in over 200 countries and territories worldwide, wherever the Visa logo is displayed.

So what are you waiting for, visit the nearest FirstBank branch today to pick your FirstBank Visa Gold Card.

 

About FirstBank

First Bank of Nigeria Limited (FirstBank) is Nigeria’s premier and most valuable banking brand, and largest financial services institution by total assets and gross earnings. With more than 12 million customer accounts, FirstBank has over 750 branches providing a comprehensive range of retail and corporate financial services. The Bank has international presence through its subsidiaries, FBN Bank (UK) Limited in London and Paris, FBNBank in the Republic of Congo, Ghana, The Gambia, Guinea, Sierra-Leone and Senegal, as well as its Representative Office in Beijing.

Since its establishment in 1894, FirstBank has consistently built relationships with customers focusing on the fundamentals of good corporate governance, strong liquidity, optimized risk management and leadership. Over the years, the Bank has led the financing of private investment in infrastructure development in the Nigerian economy by playing key roles in the Federal Government’s privatisation and commercialisation schemes. With its global reach, FirstBank provides prospective investors wishing to explore the vast business opportunities that are available in Nigeria, an internationally competitive world-class brand and a credible financial partner.

FirstBank has been named “Most Valuable Bank Brand in Nigeria” six times in a row – 2011, 2012, 2013, 2014, 2015, 2016 – by the globally renowned “The Banker Magazine” of the Financial Times Group; and “Most Innovative Bank in Africa” in the EMEA Finance African Banking Awards 2014. Recently, for the sixth consecutive time, the Bank clinched the “Best Retail Bank in Nigeria” award by The Asian Banker. Our brand purpose is to always put customers, partners and stakeholders at the heart of our business, even as we standardise customer experience and excellence in financial solutions across sub-Saharan Africa, in consonance with our brand vision “To be the partner of first choice in building your future”. Our brand promise is to always deliver the ultimate “gold standard” of value and excellence. This commitment is anchored on our inherent values of passion, partnership and people, to position You First in every respect.

 

Folake Ani-Mumuney

Group Head, Marketing & Corporate Communications

www.firstbanknigeria.com

fbnweb
April 25th, 2018
Posted In: 2018 Press Releases

First Bank of Nigeria Limited is partnering with The London School of Economics  (LSE) to present the fifth LSE Annual Africa Summit with the theme ‘Africa at Work: Educated. Employed. Empowered’. (more…)

fbnweb
April 20th, 2018
Posted In: 2018 Press Releases

First Bank of Nigeria Limited is partnering with The London School of Economics  (LSE) to present the fifth LSE Annual Africa Summit with the theme ‘Africa at Work: Educated. Employed. Empowered’. The summit presents the opportunity to discuss the spate of social, economic and security challenges in Africa with the intent to influence policies that will create a rebirth, an inclusive and sustainable growth in the continent. The event is scheduled for April 20 and 21, 2018 at the London School of Economics London, United Kingdom.

The summit would convene several high level speakers to deliberate on topical issues affecting the African continent and the MD/CEO, First Bank of Nigeria Limited, Dr. Adesola Adeduntan would be leading the panel discussion on “Enrolment to Employment: Learning in Context”. Other deliberations in the conference would include: Bridging the Skills, Education and Training Gaps; Entrepreneurship as an Engine for Job Creation and Inclusive Growth; Laws, Regulations and Policies; The Impact of Technology and Digitalisation on Jobs and Economic Growth and The Role of The Booming Creative Industries in Socio-Economic Development. Speakers at the event include: Dara Tresder, CMO of General Electric Business Innovations; Mosun Belo-Olusoga, Chairman at Access Bank Plc; David Steinacker Senior Managing Partner at Google; Lance Mambondiani, CEO of Steward Bank, amongst others.

According to Folake Ani-Mumuney, the Group Head, Marketing & Corporate Communications, First Bank of Nigeria Limited, “FirstBank is committed to supporting initiatives that influence policies and create a more empowered continent, especially for our youth. We have continued to build Africa’s future for over a century and as we turn 125, we will not relent but would ensure the necessary collaborations happen to create the Africa we all desire”.

 

About FirstBank

First Bank of Nigeria Limited (FirstBank) is Nigeria’s premier and most valuable banking brand, and largest financial services institution by total assets and gross earnings. With more than 14 million customer accounts, FirstBank has over 750 branches providing a comprehensive range of retail and corporate financial services. The Bank has international presence through its subsidiaries, FBN Bank (UK) Limited in London and Paris, FBNBank in the Republic of Congo, Ghana, The Gambia, Guinea, Sierra-Leone and Senegal, as well as its Representative Office in Beijing.

Since its establishment in 1894, FirstBank has consistently built relationships with customers focusing on the fundamentals of good corporate governance, strong liquidity, optimized risk management and leadership. Over the years, the Bank has led the financing of private investment in infrastructure development in the Nigerian economy by playing key roles in the Federal Government’s privatisation and commercialisation schemes. With its global reach, FirstBank provides prospective investors wishing to explore the vast business opportunities that are available in Nigeria, an internationally competitive world-class brand and a credible financial partner.

FirstBank has been named “Most Valuable Bank Brand in Nigeria” six times in a row – 2011, 2012, 2013, 2014, 2015, 2016 – by the globally renowned “The Banker Magazine” of the Financial Times Group; and “Most Innovative Bank in Africa” in the EMEA Finance African Banking Awards 2014. Recently, for the sixth consecutive time, the Bank clinched the “Best Retail Bank in Nigeria” award by The Asian Banker. Our brand purpose is to always put customers, partners and stakeholders at the heart of our business, even as we standardise customer experience and excellence in financial solutions across sub-Saharan Africa, in consonance with our brand vision “To be the partner of first choice in building your future”. Our brand promise is to always deliver the ultimate “gold standard” of value and excellence. This commitment is anchored on our inherent values of passion, partnership and people, to position You First in every respect.

 

Folake Ani-Mumuney

Group Head, Marketing & Corporate Communications

www.firstbanknigeria.com

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April 18th, 2018
Posted In: 2018 Press Releases
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