First Bank of Nigeria Limited: A Premier Multinational Bank in West Africa
First Bank of Nigeria Limited is a leading Nigerian multinational bank and financial services company based in Lagos, Nigeria.
With over 18 million customers, it is the largest client base in West Africa, and its network of more than 700 business locations across Africa allows it to provide excellent financial services to its customers.
In this article, we will delve deeper into the bank’s history, services, and accolades, and how it has become one of the biggest banks in Nigeria.
We will also be highlighting its head office here in Nigeria.
History of First Bank of Nigeria Limited
First Bank of Nigeria Limited was founded in 1894 as the Bank of British West Africa.
In 1979, it was renamed as First Bank of Nigeria. Since then, it has undergone significant restructuring, and in 2011/2012, it implemented a non-operating Holding Company structure (FBN Holdings).
Services Offered by First Bank of Nigeria Limited
The bank operates through four key Strategic Business Units (SBUs): Retail Banking, Corporate Banking, Commercial Banking, and Public Sector Banking.
Its main specialization is retail banking, and it has the largest retail client base in Nigeria.
Additionally, it operates multiple subsidiaries, including FBN Bank in the Republic of Congo, Ghana, The Gambia, Guinea, Sierra-Leone and Senegal, FBN Bank UK Limited in the United Kingdom with a branch in Paris, and First Pension Custodian Nigeria Limited, Nigeria’s foremost pension custodian.
To promote financial inclusion and reach the unbanked, First Bank has an extensive Agent Banking network, with over 200,000 locations across Nigeria.
The bank also operates First Bank Representative Office in Beijing to capture trade-related business between geographies.
Awards and Accolades
First Bank has won numerous awards over the years, cementing its position as a premier bank in Nigeria and Africa as a whole.
It has been named “Best Bank Brand in Nigeria” for six years in a row – 2011 to 2016 – by The Banker magazine of the Financial Times Group.
It was awarded “Most Innovative Bank in Africa” in the EMEA Finance African Banking Awards 2014.
It has clinched the “Best Bank in Nigeria” award by Global Finance Magazine 15 times and the “Best Private Bank in Nigeria” by World Finance Magazine seven times.
Some other recent awards received by the Bank are “Best Banking Brand Nigeria, 2019” by Global Brands Magazine, “Best Mobile Banking App – Nigeria, 2019” by Global Business Outlook, and “Best Financial Inclusion Program – Nigeria, 2019 by International Investor.
If you wish to contact First Bank of Nigeria Limited, you can visit its head office address at Samuel Asabia House, 35 Marina, P.O. Box 5216, Lagos, Nigeria.
Alternatively, you can call its customer care number in Lagos at +234 1 905 2326 or +234 708 062 5000.
You can also email the bank at firstname.lastname@example.org or call at +234 1 448 5500.
First Bank of Nigeria Limited is an exceptional bank with a rich history, an extensive network, and a comprehensive range of financial services.
Its numerous awards and accolades are a testament to its commitment to excellence and customer satisfaction.
As the premier bank in West Africa, it is undoubtedly a vital player in Nigeria’s financial landscape, providing cutting-edge solutions to individuals and businesses alike.