17 Astonishing Facts About First Bank Of Nigeria

First Bank of Nigeria is the oldest bank in Nigeria.

Established in 1894, First Bank of Nigeria has a rich history and has been serving the Nigerian community for over a century.

It was originally known as the Bank of British West Africa.

When it was first established, First Bank of Nigeria operated under the name Bank of British West Africa (BBWA) before eventually rebranding in 1979.

First Bank of Nigeria has the largest network of branches in the country.

With over 750 branches spread across Nigeria, First Bank of Nigeria has an extensive reach and a strong presence in the country’s banking sector.

The bank introduced many innovative banking services in Nigeria.

First Bank of Nigeria has been at the forefront of introducing new banking services in Nigeria, including the first ATM in the country in 1985.

First Bank of Nigeria was the first Nigerian bank to be listed on the Nigerian Stock Exchange.

In 1971, First Bank of Nigeria became the first Nigerian bank to be listed on the Nigerian Stock Exchange, a significant milestone for the bank and the Nigerian financial industry.

It has a strong international presence.

First Bank of Nigeria has expanded its operations beyond Nigeria and now has subsidiaries and representative offices in several countries around the world.

First Bank of Nigeria is committed to corporate social responsibility.

The bank actively engages in various initiatives focused on education, healthcare, community development, and environmental sustainability.

First Bank of Nigeria has won numerous awards and accolades.

Over the years, First Bank of Nigeria has been recognized for its excellence in banking and has received awards in categories such as customer service, innovation, and corporate social responsibility.

The bank offers a wide range of banking products and services.

From personal banking to corporate banking, First Bank of Nigeria provides a comprehensive suite of financial products and services to meet the diverse needs of its customers.

First Bank of Nigeria has a strong focus on digital banking.

The bank has embraced technology and offers various digital banking channels, including internet banking, mobile banking, and a robust online payment platform.

It has a dedicated customer support service.

First Bank of Nigeria places great importance on customer satisfaction and has a dedicated customer support service that is available 24/7 to assist customers with their banking needs.

First Bank of Nigeria is committed to promoting financial inclusion.

The bank has undertaken initiatives to ensure that banking services are accessible to all segments of the Nigerian population, including those in rural areas and low-income communities.

It has a strong emphasis on corporate governance.

First Bank of Nigeria adheres to stringent corporate governance principles and practices, ensuring transparency, accountability, and ethical conduct at every level of the organization.

First Bank of Nigeria actively supports the growth of small and medium-sized enterprises (SMEs).

The bank offers specialized financial products and services to support the needs of SMEs, contributing to the overall economic development of Nigeria.

It has a robust online banking platform.

First Bank of Nigeria’s online banking platform provides customers with convenient access to their accounts, allowing them to carry out transactions and manage their finances securely.

First Bank of Nigeria has a strong commitment to environmental sustainability.

The bank implements green initiatives and adopts sustainable practices in its operations to reduce its environmental impact and promote a greener future.

First Bank of Nigeria is a trusted and reliable financial institution.

With its long-standing presence in the Nigerian banking sector and a strong track record of delivering quality banking services, First Bank of Nigeria has earned the trust and loyalty of millions of customers.

Conclusion

In conclusion, First Bank of Nigeria is not just an ordinary bank; it is steeped in rich history and possesses a remarkable legacy. With its extensive network, innovative services, and commitment to customer satisfaction, it has managed to become a leader in the Nigerian banking industry.From its humble beginnings in 1894 to becoming one of the largest financial institutions in Nigeria, First Bank has stood the test of time. Its contributions to the country’s economic development, social initiatives, and support for small businesses have further solidified its position as a trusted name in banking.With its forward-thinking approach, First Bank continues to adapt to changing times, embracing digital innovation and providing convenient banking solutions. As it celebrates over a century of service, it remains committed to empowering individuals, businesses, and communities, making it a powerhouse in the Nigerian banking sector.If you’re looking for a bank that combines tradition, innovation, and a steadfast commitment to excellence, First Bank of Nigeria is the obvious choice.

FAQs

1. How long has First Bank of Nigeria been in operation?

First Bank of Nigeria was established in 1894, making it over a century old and one of Nigeria’s oldest banks.

2. How many branches does First Bank of Nigeria have?

First Bank has an extensive network of over 700 branches spread across Nigeria, making it one of the largest banking networks in the country.

3. What services does First Bank of Nigeria offer?

First Bank offers a wide range of financial services, including personal banking, corporate banking, investment banking, and digital banking solutions.

4. Does First Bank of Nigeria support small businesses?

Absolutely! First Bank recognizes the importance of small businesses in driving economic growth and offers various products and services tailored to support the needs of small business owners.

5. Does First Bank of Nigeria provide digital banking solutions?

Yes, First Bank has embraced digital innovation and provides convenient digital banking solutions that allow customers to manage their accounts, make transactions, and access banking services online.