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. We are committed to being transparent about how we collect, process, share and manage data about you (our customers and staff). 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. In the course of consuming the services provided to you by Curious Learning through FirstBank, we collect information you provide us via online registration forms and correspondence by mail etc. FirstBank continues to replenish its workforce, especially at strategically important levels of responsibility. Building on of its solid foundation, the Bank has consistently broken new ground in the domestic financial sector for over a century and two decades. 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. 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. Subsequently, Union Bank of Nigeria Plc. As a market leader in the financial services sector, FirstBank pioneered initiatives in international money transfer and electronic banking in the country, serving more than 14 million customer accounts. Originally a corporate bank, the organization acquired personal and business banking platforms from Nigeria’s International Commercial bank in 2012. We are committed to being transparent about how we collect, process, share and manage data about you (our customers and staff). He retired on 31 December 2015 and Adesola Adeduntan took over as Managing Director/Chief Executive Officer, First Bank of Nigeria Ltd and Subsidiaries effective 1 January 2016, with Gbenga Shobo as Deputy Managing Director. Kingsley Aigbokhaevbo Executive Director. In 1971, Standard Bank of Nigeria listed its shares on the Nigerian Stock Exchange and placed 13% of its share capital with Nigerian investors. Up Until 2017, Belo-Osagie was the chairman of Etisalat's Nigerian arm, in which he controlled a significant stake. The Bank specialises in retail banking and has the largest client base in West Africa, with over 18 million customers. The Bank’s prime status has been reinforced with the award of the prestigious ISO/IEC 27001:2005 certification, the world’s highest accreditation for information protection and security from the International Organisation for Standardisation (ISO). By playing key roles in the Federal Government’s privatisation and commercialisation scheme over the past years, FirstBank has led the financing of private investment in infrastructure development in the Nigerian economy. The bank primarily financed foreign trade, but did little lending to indigenous Nigerians, who had little to offer as collateral for loans. First City Monument Bank: The bank acquired FinBank at a point. 1971 – First listing on the Nigerian Stock Exchange (NSE). With its head office originally in Liverpool, the Bank commenced business on a modest scale in Lagos, Nigeria under the name, Bank of British West Africa (BBWA). We are committed to being transparent about how we collect, process, share and manage data about you (our customers and staff). FirstBank is also winner of the “Best Banking Group in Nigeria”, awarded by World Finance Banking Awards, the “Best Investment Bank” the “Best Private Bank” awarded by the same institution, the latter which the Bank has received five times. 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. 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. Central Bank of Nigeria; Headquarters: Abuja, FCT, Nigeria: Established: 1958: Ownership: 100% owned by Nigerian Federal government: Governor: Godwin Emefiele: Central bank of: Nigeria: Currency: Nigerian naira NGN 566 Reserves: 28 280 million USD: Website: www.cbn.gov.ng FirstBank’s ownership is diversified, with over 1.3 million shareholders. FirstBank is a well-diversified financial services group and the largest private sector financial services provider in sub-Saharan Africa (ex-South Africa). Continued implementation of this strategy will produce long-term profitable growth as well as build great franchises and deliver value to all stakeholders. 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. 3. In 1993, the Federal Government of Nigeria completely divested its ownership in the bank. 1994 – Launched first university endowment programme in Nigeria. First Bank of Nigeria Limited (“FirstBank”), established in 1894, is the premier Bank in West Africa, Nigeria’s number one bank brand and the leading financial services solutions provider in Nigeria. 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. Central banks are illegally created PRIVATE banks that are owned by the Rothschild banking family. 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. It had about 790 branches in 2012, serving countries such as Ghana, Nigeria, Sierra Leone, South Africa, and the UK. Our new refreshed corporate identity retains the elephant and re-ignites this iconic symbol with a number of enhancements that accentuate a robust evolution relevant for today. The Bank was founded by Sir Alfred Jones, a shipping magnate from Liverpool, England. acquired the former Universal Trust Bank Plc and Broad Bank Limited. About Thank you for visiting my profile. You register, check or tick the acceptance box on any of our electronic platforms. There will be a scheduled upgrade on this platform between 1:30am & 4:00am on Tuesday, 14 November 2018. Jaiz Bank PLC is a national bank and a quoted public company owned by over 26,000 shareholders spread over the six geo-political zones of Nigeria.The Bank’s balance sheet has grown from N12 billion in 2012 to about N62 billion, with asset financing of over N30 billion. Our brand interacts with our stakeholders and demonstrates an understanding of their busy modern lives or businesses, to support their aspirations. This is normal when the security: Has been acquired or taken private. 2012 – Became a subsidiary group of FBN Holdings Plc. 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. With over 750 business locations in Nigeria, all on-line and real time, the Bank has one of the largest domestic sales networks in the country. Managing Director/CEO – Adesola Adeduntan, Deputy Managing Director – Olugbenga Francis Shobo, Executive Director/Public Sector Group – Abdullahi Ibrahim, Executive Director, Corporate Banking – Remi Oni, This page was last edited on 28 December 2020, at 22:29. FirstBank’s Specialised Lending Department (SLD) focuses on structuring project and object finance transactions across various sectors of the economy, especially in the areas of infrastructure, power, oil and gas, transportation and real estate. As of December 2019[update], the Bank had assets totalling NGN5.9 trillion. FirstBank has provided over $1 billion to part-finance acquisition of interests, as well as working capital for production to a number of OMLs; and an aggregate of about $500 million for construction and completion of Gas pipelines to Marginal Fields and Cement Plants. According to its founder, without a bank economies were reduced to using barter and a wide variety of mediums of exchange, leading to unsound practices. 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. Also, in 2013, FirstBank was awarded the “Best Bank in Nigeria” in the Euromoney Awards for Excellence, “Best Bank in West Africa” in the African Banker Awards, and Best Foreign Exchange Services in Africa in the EMEA Finance Treasury Services Awards. This creates a different value proposition to that critical segment of the business community where pillars of economic growth are nurtured. First Bank of Nigeria. In 1982 FirstBank opened a branch in London, which it converted into a subsidiary, FBN Bank (UK), in 2002. First Bank of Nigeria Limited (FirstBank), is a Nigerian multinational bank and financial services company headquartered in Lagos Nigeria. In June 2009, Stephen Olabisi Onasanya was appointed Group Managing Director/Chief Executive Officer, replacing Sanusi Lamido Sanusi, who had been appointed Governor of the Central 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. 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. 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. Learn how and when to remove this template message, "XE: Convert USD/NGN. Other awards won by the Bank include the Best Bank in Nigeria (an award which the bank has won twelve times), by Global Finance; Best Banking Brand and Best Banking Performer, both by Global Brands Awards. The entity from which the bank was founded City Securities Limited, was established in 1977 by Oloye Subomi Balogun, the Otunba Tunwashe of Ijebu, a Yoruba traditional aristocrat. Consequently, its human capital management initiatives are geared towards providing necessary support to staff, departments, and the various business drivers to enable the Bank achieve its goals and objectives. Its most recent international expansion was the opening in 2004 of a representative office in Johannesburg, South Africa. History. I am currently a team member of the product design and conceptualization team at FirstBank Digital Lab, driving the design of new product experiences for FBN subsidiaries and the Bank’s API as a service development effort. Learn more. ALhaji Suleiman Adegunwa, owner Ess-ay Holdings and Bigi sausage roll, Chairman of Sterling Bank, and other companies TUFace Idibia one of the Nigerian richest Artist Re: Who Is Who In Nigeria: The Full List Of The Top 50 Richest Nigerian Billionaires by slkphil : 10:54pm On May 03 , 2013 It operates along four key Strategic Business Units (SBUs) – Retail Banking, Corporate Banking, Commercial Banking and Public Sector Banking. The new structure resulted in a stronger platform to support the Group’s future growth ambitions domestically and internationally. 2011 – Launched the first biometric ATM and cash deposit ATM in Nigeria. Leveraging experience spanning over a century of dependable services, FirstBank has continued to build relationships and alliances with key sectors of the economy that have served as strategic building blocks for the wellbeing, growth and development of the country. 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. 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. The Commercial Banking group is led by FirstBank, which has operations in 12 countries, with nine (9) subsidiary companies which provide a comprehensive range of retail and corporate financial services, including commercial banking operations, pension fund management, and mortgages, offering banking services to a rich network of both individual customers and businesses. We champion our brand to constantly strive to find a better way of driving our business forward, driven by our philosophy and people – our customers, our stakeholders, our employees. 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. Also, for the sixth consecutive time, FirstBank won the Best Retail Bank by The Asian Banker International Excellence in Retail Financial Services Awards, the most recognised international Awards programme in the Retail Financial Services Industry. At First Bank Nigeria Limited, we put you first and are thus committed to protecting and respecting you privacy. 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. These recent acquisitions are major landmarks in FirstBank’s plan for growing its sub-Saharan African footprint. 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. 2007 – Introduced Finnone credit administration software as the first bank in Africa to pioneer the service. Headquartered in Lagos, First Bank of Nigeria operates through four major Strategic Business Units (SBUs): Retail Banking, Commercial Banking, Corporate Banking, and Public Sector Banking. 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. We don’t ask for your personal information unless we need it to provide services for you. in 2012. 2014 – Initiated, at 120 years, the launch of a new corporate identity. FirstBank received the “ICT Telecoms Deal of the Year Award” awarded by the Ai CEO Infrastructure Awards 2012, a worthy recognition of the Bank’s role in the EMTS (Etisalat) US$650Million Syndicated Term Loan, 2011 and was named “The Bank of the Year in Nigeria” in The Banker Awards 2012. The Bank also has a network of representative office in Beijing set up to capture trade-related businesses. We sincerely apologise for any inconvenience this may cause as we strive to serve you better. Our brand has evolved over the years, with strengthened brand muscles to match the constantly evolving expectations of today’s increasingly discerning stakeholders. This strategy supports the Bank’s vision of being the leading sub-Saharan African financial services group. These are major feats in the Bank’s customer-oriented and innovative financial services that confirm the Bank’s interest in promoting its customers’ lifestyles and businesses. A best-fit corporate governance promoter, FirstBank’s corporate governance practice remains at the industry’s leading-edge. Senior Analyst, Product Owner at First Bank of Nigeria Limited in Lagos Apply today. 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. In 2005 it acquired FBN (Merchant Bankers) Ltd. Paribas and MBC International Bank Ltd, a group of Nigerian investors, had founded MBC in 1982 as a merchant bank, and it became a commercial bank in 2002. To date, the iconic African elephant has been a robust symbol of strength and growth, establishing the organisation as a clear leader in the financial services industry. He began his career at Niger Insurance Plc in 1999 before moving to City Express Bank Ltd, Lagos the same year where he held the position of Senior Supervisor. The Bank has been the back-to-back winner of the “Best Bank in Nigeria” awarded by the EMEA Finance magazine for four (4) consecutive years. The founder, Alfred Lewis Jones, was a shipping magnate who originally had a monopoly on importing silver currency into West Africa through his Elder Dempster shipping company. 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. Has merged with another entity. 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. The Bank’s role in ensuring methodical and rapid economic transformation has been further strengthened through the FirstBank Impact Series, the policy and thought leadership initiative of the Bank. FirstBank had 1.3 million shareholders globally, was quoted on The Nigerian Stock Exchange (NSE), where it was one of the most capitalised companies and also had an unlisted Global Depository Receipt (GDR) programme, all of which were transferred to its Holding Company, FBN Holdings in December 2012. We use cookies to offer you the most relevant information and best experience on our website. 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. First Bank of Nigeria. First Bank of Nigeria Limited (“FirstBank”), established in 1894, is the premier Bank in West Africa, Nigeria’s number one bank brand and the leading financial services solutions provider in Nigeria. The bank was founded in 1894 and is Nigeria’s oldest bank. He also has a range of other business interests in Nigeria. As the global operating environment evolves, FirstBank has kept pace, responding to the dynamic needs of its customers, investors, regulators, host communities, employees and other stakeholders. Make multiple transfers in one transaction with FirstOnline. As the name suggests, First Bank of Nigeria was established in the early part of the 20th century, thus making it the oldest financial institution in the country. 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. 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. The Bank was first listed on The Nigerian Stock Exchange (NSE) in March 1971 and won the NSE’s Annual President’s Merit Award for the best financial report in the banking industry a record thirteen times. 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). The long drawn transformation in the Nigerian financial services sector has distinguished FirstBank as Nigeria’s strongest financial services group. There are no current stakeholders of First Bank Of Nigeria. FirstBank is at the forefront in financing power projects and has provided over $220 million to part-finance the acquisition of both Generating Companies and Distribution Companies under the privatisation of the Power Sector by the Federal Government. The teeming customers of the FirstBank Group are serviced from a network of over 700 business locations across Africa. It was previously structured as an operating holding company before the implementation of a non-operating Holding Company structure (FBN Holdings) in 2011/2012. First Bank of Nigeria: They are located at Samuel Asabia House, 35 Marina, Lagos. The processing may occur in locations (some outside Nigeria) with different levels of data privacy maturity but from where these services are most effectively rendered. Our financial services knowledge and practices lead the market in ensuring that we understand our customers and surpass expectations by seeking for a better way of delivering first class service and experience. In 1965, Standard Bank acquired the Bank of West Africa and changed its acquisition's name to Standard Bank of West Africa. You understand and agree that the Service is provided “AS-IS” and that First Bank of Nigeria Limited assumes no responsibility for the timeliness, deletion, or failure to store any user communications. The Bank was founded by Sir Alfred Jones, a shipping magnate from Liverpool, England. The Series is run through insightful, actionable and change-centered conferences, workshops, seminars, strategy sessions, and policy implementation road-shows to drive far-reaching changes in the society. At FirstBank, we recognise the immutable merits of maintaining a “brand-first” mindset and culture, as a critical component of our business strategy. At First Bank Nigeria Limited, we put you first and are thus committed to protecting and respecting you privacy. The new colour palette is a clear reflection of our brand personality and tone of voice whilst robustly portraying our profitability pedigree. Copyright © 2020. International. Kindly visit playstore to download the app to start learning. 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 In its 123 years of uninterrupted operations, FirstBank’s outstanding services have attracted innumerable recognitions and awards. The shares of FBNHoldings are listed on The Nigerian Stock Exchange. The deep blue colour represents momentum, innovation and evolution. Providus Bank Limited is a Nigerian financial services provider, licensed as a commercial bank by the Central Bank of Nigeria and national banking regulator.. ProvidusBank; Providus Bank CEO And Board of Directors. We are committed to being transparent about how we collect, process, share and manage data about you (our customers and staff). As the Bank grows its footprint locally and internationally, contributing positively to customers’ value chains, it hires personnel with the unique skill sets needed to fully leverage its operations. Access Bank plc, commonly known as Access Bank, is a Nigerian multinational commercial bank, owned by Access Bank Group. Established in 1894, FirstBank became a public company in 1970 and joined the Nigerian Stock Exchange in 1971. First Bank of Nigeria Limited. 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. 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. [2].The Bank's profit before tax for the twelve months ending 31 December 2019 was approximately NGN70.8billion. Name of parent/ Guardian of child under 18: FirstBank Privacy Policy for Curious Learning. FirstBank opted to form a holding company, FBN Holdings Plc., to capture synergies across its already established banking and non-banking businesses. FirstBank has a The FirstBank Group employs over 16,000 staff and is proudly a multiple Best Place to Work awardee. 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. The adoption of gold into our logo, a precious metal identified with value, serves as a reminder of the inherent value and durability of our brand. Bello Maccido, who was Executive Director (Retail, North) of FirstBank, became the CEO of the new parent company. Ososanya & Co. (1998), and International Breweries (1993). In 1912, the Bank acquired its first competitor, the Bank of Nigeria (previously called Anglo-African Bank) which was established in 1899 by the Royal Niger Company. 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) –. 1894 and is Nigeria ’ s succession planning framework ensures perpetual business.. 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