The bank primarily financed foreign trade, but did little lending to indigenous Nigerians, who had little to offer as collateral for loans. At the same time, citizens began to trust British banks since there was an 'independent' financial control mechanism and more citizens began to patronise the new Bank of West Africa. Winning these awards is a further affirmation of our brand promise – that we will continue to put our stakeholders and partners at the heart of our business. In 1966, following its merger with Standard Bank, UK, the Bank adopted the name Standard Bank of West Africa Limited and in 1969 it was incorporated locally as the Standard Bank of Nigeria Limited in line with the Companies Decree of 1968. After the end of the Nigerian civil war, Nigeria's military government sought to increase local control of the retail-banking sector. Other entities under FirstBank include FBN Bank (UK) Ltd – a fully licensed bank in the UK with offices in London and Paris; FBN Bank DRC – a leading tier 2 bank headquartered in the Democratic Republic of Congo (DRC), acquired in 2011, the FBN Bank in The Gambia, Ghana, Guinea, Sierra Leone acquired in 2013, and Senegal acquired in 2014. 1947 – FirstBank advanced the first long-term loan to the then colonial government, followed in 1955 by a partnership with the government to expand the railway lines. In the same period, FirstBank was named the “Most Innovative Bank in Africa” by African Banker Awards. If you are 18 years and above, kindly complete the form below. FNB is one of the three major divisions of the First Rand Group, and the others being Rand Merchant Bank and Wesbank. In the course of consuming the services provided to you by Roducate through FirstBank, we collect information you provide us via online registration forms and correspondence by mail etc. First Bank of Nigeria Limited is Nigeria's premier commercial bank and most valuable banking brand with over 10million customers and over 750 business locations It is the essential combination of the logo, the images, the fonts, the pattern, the icons, the colours, the symbols, the identity and the words. The award, therefore, represents a global recognition of the giant strides the Bank has made over the years in deploying technology to power its operations and services, and ultimately making banking services more convenient, accessible and faster. United States Dollar to Nigeria Naira", "Nigeria: First Bank Expands, Acquires Congolese Bank", Acquisition of ICB Takes First Bank to Four Countries FBN Bank Acquires ICB Assets In Four West African Countries, "FBNHoldings renames its merchant banking and asset management businesses - Businessamlive", "Ibukun Awosika becomes the first female chairperson of First Bank of Nigeria - Ventures Africa", "FirstBank CEO, Adeduntan joins global influencers and experts at the 2018 Financial Times Nigeria Summit and Cambridge Business in Africa Conference", "Francis Olugbenga Shobo, Deputy Managing Director, First Bank Nigeria Limited | PageOne.ng", "FirstBank appoints Abdullahi Ibrahim as Executive Director", "Oni joins FirstBank Board, Odubola retires - Vanguard News", https://en.wikipedia.org/w/index.php?title=First_Bank_of_Nigeria&oldid=996850437, Companies listed on the Nigerian Stock Exchange, Articles with dead external links from December 2019, Articles with permanently dead external links, Articles needing additional references from September 2016, All articles needing additional references, Articles containing potentially dated statements from December 2019, All articles containing potentially dated statements, Articles needing additional references from February 2019, Official website different in Wikidata and Wikipedia, Creative Commons Attribution-ShareAlike License, FBN Bank (DRC) Formerly Banque International de Credit (BIC) –. You use any service offered by FirstBank through other partners. This privacy policy stipulates the bank’s approach to handling your data and your rights in the course of providing you with the IBM DNA learning platform to meet your needs. In 2012, the Bank changed its name again to First Bank of Nigeria Limited as part of a restructuring resulting in FBN Holdings Plc (“FBN Holdings”), having detached its commercial business from other businesses in the FirstBank Group, in compliance with new regulation by the Central Bank of Nigeria (CBN). ; First National Bank (disambiguation), a name used by various banks worldwide First Interstate Bank (disambiguation), a name used by various banks worldwide First Commercial Bank (disambiguation), used by a bank in … 3. We sincerely apologise for any inconvenience this may cause as we strive to serve you better. After three years of certification, FirstBank has successfully implemented the recertification of ISO/IEC 27001:2005 in 2013. They have commercial banking license with international authorization. The Nigerian banking business operates nationally and internationally, with active customer account base of virtually 10 million served through a large distribution network consisting of over 750 business locations, and more than 7.5 million cards in issue. So far, the Bank has, through its concerted singular projects and collaborative partnerships, charted sustainable roadmaps in the spheres of leadership, youth development and socio-economic empowerment. To ensure access to the e-Learning platform and in furtherance of your own learning objectives, FirstBank and our partners may share data you provide us with our service partners specifically in scope of this engagement to support your learning objectives. Our brand has evolved over the years, with strengthened brand muscles to match the constantly evolving expectations of today’s increasingly discerning stakeholders. Make multiple transfers in one transaction with FirstOnline. By continuing to browse this site, you give consent for cookies to be used. The raised head of the elephant in our refreshed identity is our promise to all customers that with us in their corner, every financial challenge they face, they can face with their head held high. These principles ensure that we continue to develop solutions that are at the heart of all their challenges. The African elephant which is a respected and instantly recognisable icon of its brand identity was retained. The certifications confirm the Bank’s ability to safeguard its assets, staff well-being and customers’ investments, and favourably respond to incidents and business disruption to ensure business continuity at all times. Since launching in 1894, FirstBank has established itself as a brand of strength and dynamism, with the vision to be the leading international banking group in Sub Saharan Africa. First Bank of Nigeria Limited (FirstBank) is Nigeria’s largest financial services institution by total assets and gross earnings. The shares of FBNHoldings are listed on The Nigerian Stock Exchange. It converted to a public company in 1970 and was listed on The Nigerian Stock Exchange (NSE) in 1971. After Nigeria's independence in 1960, the Bank began to extend more credit to indigenous Nigerians. This strategy supports the Bank’s vision of being the leading sub-Saharan African financial services group. The universal banking model was discontinued and banks were required to divest from non-core banking businesses or adopt a holding company structure. As of December 2019[update], the Bank had assets totalling NGN5.9 trillion. To promote financial inclusion and reach the unbanked and underbanked, FirstBank has an extensive Agent Banking network, with over 53,000 agent locations across Nigeria. Changes in the name of the Bank also occurred in 1979 and 1991 to First Bank of Nigeria Limited and First Bank of Nigeria Plc, respectively. Insurance – Insurance-related subsidiaries: FBNInsurance, FBN General Insurance and FBN Insurance Brokers. A best-fit corporate governance promoter, FirstBank’s corporate governance practice remains at the industry’s leading-edge. FirstBank has been the back-to-back winner of the “Best Bank in Nigeria” for twelve (12) years, “Best Trade Finance Bank in Nigeria”, and “Best Foreign Exchange Bank in Nigeria” for seven (7) consecutive years – all awarded by the US-based Global Finance magazine. Diamond Bank was acquired by Access Bank in December 2018, and announced to complete the transactions of the merger fully in the first half of 2019. In the course of consuming the services provided to you by IBM through FirstBank, we collect information you provide us via online registration forms and correspondence by mail etc. These recent acquisitions are major landmarks in FirstBank’s plan for growing its sub-Saharan African footprint. For the sixth time, The Banker Magazine named FirstBank as the Most Valuable Banking Brand in Nigeria, a very big deal for us and for our stakeholders. On 1 April 2019, Diamond Bank was fully merged with Access Bank to build a new entity while retaining the name of Access Bank with a logo that took the form of Diamond Bank. At First Bank Nigeria Limited, we put you first and are thus committed to protecting and respecting you privacy. 1912 – Calabar branch, the second branch in Nigeria, was opened by King Jaja of Opobo; Zaria branch was also opened as the first branch in northern Nigeria. We live by our beliefs and consistently strive to Inspire Understanding, Drive Collaboration, and Build a Better Way to unify and strengthen our brand to delight all stakeholders. Once it had lost majority control, Standard Chartered wished to signal that it was no longer responsible for the bank and the bank changed its name to First Bank of Nigeria Limited in 1979. You register, check or tick the acceptance box on any of our electronic platforms. In 1965, Standard Bank acquired the Bank of West Africa and changed its acquisition's name to Standard Bank of West Africa. FirstBank’s ownership is diversified, with over 1.3 million shareholders. All these accolades attest to FirstBank’s exceptional commitments to promoting national economic growth and development through constructive engagements with the public and private sectors of the growing Nigerian economy. These diverse operations in the financial services industry, with widespread service outlets, ensure the foothold of FirstBank as a foremost financial services provider in Nigeria, contributing enormously to the growth and development of the national economy and delighting its stakeholders. The deep blue colour represents momentum, innovation and evolution. This is especially evident in its laudable leadership transition processes, ensuring that there is seamless business continuity and stability in all aspects of the Bank’s businesses. Their head office is located at Primose Towers, 17a, Tinubu Street, Lagos. It had assets totaling ₦3.9 trillion ($12.2B according to 2017 exchange rates), as of December 2015. Through a balanced approach to plan execution, FirstBank has consolidated its industry leadership by maintaining trans-generational appeal. In 1991 the Bank changed its name to First Bank of Nigeria Plc following listing on The Nigerian Stock Exchange. With its huge asset base and expansive branch network, as well as continuous re-invention, FirstBank is Nigeria’s strongest banking franchise, maintaining market leadership on all fronts in the nation’s financial services industry. You will be considered to have given our consent to FirstBank for processing your personal data when; FirstBank will process our information for the following purposes; FirstBank will limit the collection and use of your personal information for the stated purposes. In 2012, the Bank changed its name again to First Bank of Nigeria Limited as part of a restructuring resulting in FBN Holdings Plc ("FBNHoldings"), having detached its commercial business from other businesses in the FirstBank Group, in line with the requirements of the Central Bank of Nigeria. Overview. The elephant is the respected and instantly recognisable icon of the FirstBank brand identity and as such we value the trust, approachability and stability that this represents. The following rights are available to you under this policy: This privacy policy stipulates the bank’s approach to handling your data and your rights in the course of providing you with the Roducate learning platform to meet your needs. FBNQuest – FBNQuest is the brand name of the Merchant Banking and Asset Management businesses of FBN Holdings Plc, which comprises FBNQuest Merchant Bank Limited, FBNQuest Capital Limited, FBNQuest Securities Limited, FBNQuest Capital Asset Management Limited, FBNQuest Trustees Limited, FBNQuest Funds Limited and FBN Capital Partners Limited. This highly coveted award goes to the African bank that has demonstrated original and practical uses of technology to provide customer convenience, better and cheaper services, and greater access to the financial services industry in Africa. First Bank of Nigeria, popularly referred to as FirstBank, is a Nigerian bank with International licensing. The Bank supports acquisition of stakes in Oil Mining Leases (OMLs), financing development of oilfields, financing cash calls for both operating and capital expenditures through Strategic Alliance Contracts. First City Monument Bank: The bank acquired FinBank at a point. In 1982 FirstBank opened a branch in London, which it converted into a subsidiary, FBN Bank (UK), in 2002. Enterprise Bancorp, Inc. is the holding company of Enterprise Bank and Trust Company, Enterprise Bank and Trust Company is commonly referred to as Enterprise Bank. The history of CBN dates back to the G Paton report of 1892 - 1952, there was an enquiry by the then colonial administration to investigate banking practice in Nigeria. In its 123 years of uninterrupted operations, FirstBank’s outstanding services have attracted innumerable recognitions and awards. You complete any online form created by FirstBank at our online service point requesting for such personal information. At First Bank Nigeria Limited, we put you first and are thus committed to protecting and respecting you privacy. Our brand is at the heart of the holistic experience we seek to deliver to our stakeholders perpetually, which is essential to retaining patronage and the competitive edge that keeps us at the coveted position of the market leader. 2011 – Launched the first biometric ATM and cash deposit ATM in Nigeria. He has attended various trainings including Strategic Business Leadership Programme (LBS), Financial Modelling (IBFC Agusto & Co.), Tax Planning and Management of Tax Liability (LBS) etc. Continued implementation of this strategy will produce long-term profitable growth as well as build great franchises and deliver value to all stakeholders. The teeming customers of the FirstBank Group are serviced from a network of over 700 business locations across Africa. FirstBank will continue to support sectors with viable economic activities and infrastructure development projects, within the Bank’s defined target market and risk acceptance criteria. Ososanya & Co. (1998), and International Breweries (1993). For six consecutive years, 2011, 2012, 2013, 2014, 2015 and 2016 (as announced in February 2017), the Bank has been named “Nigeria’s Number One Banking Brand” by Brand Finance Top 500 Banking Brands and “Best Retail Bank in Nigeria”, 2011, 2012 2013, 2014, 2015, and 2016 by the Asian Banker International Excellence in Retail Financial Services Awards. First Bank of Nigeria Ltd. All Rights Reserved Consequently, we work daily to implement best practices through our culture and ultimately enable our employees to understand our customers’ lives and be driven to meet their needs appropriately. As one of the leading private sector employers of graduate-level personnel in the country, FirstBank’s manpower development policy recognises the invaluable contribution that human resources make to the growth and development of countries successfully navigating from third world to developed country status. First Bank of Nigeria Limited. 2004 – Launched a new brand identity which introduced substantial changes in the look and feel of the FirstBank brand. The Gazette - 03.25.2020. 2007 – Introduced Finnone credit administration software as the first bank in Africa to pioneer the service. Subsequently, Union Bank of Nigeria Plc. This corporate governance posture has won the Bank much respect and recognition both locally and internationally. Senior Analyst, Product Owner at First Bank of Nigeria Limited in Lagos Apply today. To ensure you have the access you need on the e-learning platform, You may request to update your personal information with FirstBank, You may request your account and personal information deleted, Where you have concerns relating to the processing of your personal data by FirstBank, please notify us through. The market opportunity is evident in the fact that consumer spending, which is a major driver of domestic demand in developed economies, still constitutes a relatively lower percentage of GDP in Nigeria. This is arguably as a result of the Bank’s proactive and far-reaching transformation programme initiated ahead of the turn of the present century. Bello Maccido, who was Executive Director (Retail, North) of FirstBank, became the CEO of the new parent company. In 1957, the Bank changed its name from Bank of British West Africa (BBWA) to Bank of West Africa (BWA). These were major landmarks in its plan for growing its sub-Saharan African footprint and all the African subsidiaries now bear the FBN Bank brand. FirstBank’s strategy has been focused on restructuring the business to take advantage of growth opportunities within the industry, pursuing business line expansion across strategic business units, continuously implementing a systematic international expansion plan, sequencing its growth initiatives across defined metrics, as well as building synergies and cross-selling across the FirstBank Group. FirstBank was the first quoted company in Nigeria to achieve the feat of hitting the trillion naira mark in market capitalisation, the clearest evidence of the market’s estimation of its worth. We are committed to being transparent about how we collect, process, share and manage data about you (our customers and staff). The Bank’s support for infrastructure development spans the entire country, having participated in various syndication transactions and direct funding of over N100 billion for redevelopment and tolling of roads, airport terminals, ultra-modern markets, site and services schemes, construction and maintenance of engineering infrastructure under PPP arrangements, New Town Developments, and Shopping Malls with Shoprite and Game as Anchor tenants. First Bank of Nigeria. 2013 – Completed the acquisition of ICB asset in Guinea, Gambia, Sierra Leone and Ghana as part of an ongoing Pan African expansion program. At First Bank Nigeria Limited, we put you first and are thus committed to protecting and respecting you privacy. Named the “ most Innovative Bank in the look and feel of three. In 1991 the Bank in 2012 education level Bank much respect and who is the owner of first bank of nigeria both locally and internationally Bank Nigeria website. 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