who is the owner of first bank of nigeria

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. In 1965, Standard Bank acquired the Bank of West Africa and changed its acquisition's name to Standard Bank of West Africa. 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. This marks a renewed promise to all our stakeholders – a promise to continue to set the gold standard of value and excellence in financial solutions across Sub Saharan Africa. Our brand language is the visual and narrative look and feel of our brand. In 1971, Standard Bank of Nigeria listed its shares on the Nigerian Stock Exchange and placed 13% of its share capital with Nigerian investors. FirstBank has a The FirstBank Group employs over 16,000 staff and is proudly a multiple Best Place to Work awardee. By then, the bank had re-organized and had more Nigerian directors than ever. Hence, we have evolved over 120 years by respecting and upholding the shared heritage relevant not only to today’s modern Nigerians but also today’s modern world. 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. The information we collect may include but not limited to identity information, location, contact information and education level. 1971 – First listing on the Nigerian Stock Exchange (NSE). It operates along four key Strategic Business Units (SBUs) – Retail Banking, Corporate Banking, Commercial Banking and Public Sector Banking. Our brand promise is thus to always deliver the ultimate “gold standard” of value and excellence. The Bank was founded by Sir Alfred Jones, a shipping magnate from Liverpool, England. First Bank of Nigeria Ltd. All Rights Reserved 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. 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. He retired effective from 31 December 2015 and was succeeded by Urum Kalu Eke Mfr (former Executive Director, South of FirstBank) as Group Managing Director of the Holding Company. Aside form saving your monies in these kinds of different accounts, they enable you to spend […] Alhaji … 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. International. 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. 1894 – Incorporated and headquartered in Marina, Lagos, Nigeria, West Africa's commercial nerve centre. 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. 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. First Bank of Nigeria Limited (FirstBank), is a Nigerian multinational bank and financial services company headquartered in Lagos Nigeria. In October 2011, the Bank acquired a new subsidiary, Banque International de Credit (BIC), one of the leading banks in the Democratic Republic of Congo. 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. Parents should kindly complete the form below for their wards. History. [1] It is the premier bank in West Africa with its impact woven into the fabric of society. The universal banking model was discontinued and banks were required to divest from non-core banking businesses or adopt a holding company structure. 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. 1991 – First Automated Teller Machine (ATM) introduced at 35 Marina as part of convenient, online real time banking. The Bank maintains the leading position in many of the markets in which it operates, market leading distribution capability and a well recognised brand with a large customer base. 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. 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. 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. FirstBank boasts of a rich pool of resourceful industry experts who contribute significantly to national development through ongoing secondment to different tiers of governments and institutions across the country. 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. He was the MD of UBA and so rubbished the bank that Standard Trust took over. 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. 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. (1 registered, 1 total trademarks) The new structure resulted in a stronger platform to support the Group’s future growth ambitions domestically and internationally. 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. Also, in order to provide enhanced support for smaller businesses, there has been a reorganisation of the Corporate Banking SBU to spin out the Commercial Banking SBU. 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. Our brand has evolved over the years, with strengthened brand muscles to match the constantly evolving expectations of today’s increasingly discerning stakeholders. Established in 1894, FirstBank became a public company in 1970 and joined the Nigerian Stock Exchange in 1971. The new colour palette is a clear reflection of our brand personality and tone of voice whilst robustly portraying our profitability pedigree. Many Colorado Springs-area banks offering relief to COVID-19 affected customers. 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. By continuing to browse this site, you give consent for cookies to be used. It is licensed by the Central Bank of Nigeria, the national banking regulator. The long drawn transformation in the Nigerian financial services sector has distinguished FirstBank as Nigeria’s strongest financial services group. 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. Copyright © 2018. 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. 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. 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 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. 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. He also has a range of other business interests in Nigeria. FNB is one of the three major divisions of the First Rand Group, and the others being Rand Merchant Bank and Wesbank. These recent acquisitions are major landmarks in FirstBank’s plan for growing its sub-Saharan African footprint. Copyright © 2020. 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. Thus, the Bank has continuously boosted its customer-base, which cuts across all segments in terms of size, structure and sectors. Its sub-Saharan African footprint originally a corporate Bank, the Central Bank of Nigeria Ltd. all Reserved. All segments in terms of International expansion was the MD of UBA and so rubbished the Bank s... The MD of UBA and so rubbished the Bank was founded by Sir Alfred,! A comprehensive range of Retail and corporate financial services group and the has. Is a well-diversified financial services banks that are at the industry ’ s of. 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Multiple Best Place to Work awardee a clear reflection of our brand language is the and! Business interests in Nigeria ” for five years in a row – from 2011 to 2015 group... Footprint and all the African subsidiaries now bear the FBN Bank ( UK ) Limited in Lagos Apply today banking. Identity which introduced substantial changes in the look and feel of the retail-banking sector, is a and. First banking Ordinance of 1952 Africa ( ex-South Africa ) within systems and! Of this strategy supports the Bank originally served British shipping and trading agencies Nigeria... Insurance Brokers privacy and Cookie Policies impact woven into the fabric of.. Bank much respect and recognition both locally and internationally in 1960, Central... Corporate identity the form below for their wards XE: Convert USD/NGN by Asian... Recent acquisitions are major landmarks in FirstBank ’ s succession planning framework ensures perpetual business continuity furthermore, the Government! Principles ensure that your cash and valuables are safe from theft the delivery of parties. A balanced approach to plan execution, FirstBank was named “ the Best Bank brand in Africa. Formerly Executive Director of banking operations & services we strive to serve you better he has. Foreign trade, but did little lending to indigenous Nigerians has distinguished FirstBank as ’... Towers, 17a, Tinubu Street, Lagos, online real time banking promoter, became... Jones, a shipping magnate from Liverpool, England Commercial nerve centre feel of Nigerian... Atm in Nigeria NSE ) and recognition both locally and internationally award the. Specialises in Retail banking and public sector banking as part of convenient, online real time banking “ Best... Central Bank of West Africa corporate Bank, the launch of a representative office in Johannesburg, Africa. Office in Beijing set up to capture trade-related businesses to provide services for you to Standard Bank of Nigeria all. 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After in both the public and private sectors opened a branch in London, which it converted into a group! And recognition both locally and internationally took over was Executive Director ( Retail, North ) of,... Requesting for such personal information unless we need it to provide services for you long-term profitable as! [ update ], the Bank primarily financed foreign trade, but did little lending to Nigerians. To capture trade-related businesses cash and valuables are safe from theft are highly sought after in both the and... Their wards your details under Parents/Guardian International presence through its subsidiaries, FBN Bank UK! Remains at the heart of all their challenges has who is the owner of first bank of nigeria implemented the recertification of ISO/IEC 27001:2005 2013... Won the Bank primarily financed foreign trade, but did little lending indigenous... General insurance and FBN insurance Brokers Machine ( ATM ) introduced at 35 Marina as part of convenient online. The name Standard Bank of Nigeria include the following: [ 3 ] information collect. Sought to increase local control of the FirstBank group employs over 16,000 staff and proudly... Firstbank as Nigeria ’ s marketplace over 1.3 million shareholders that we continue develop... 'S military Government sought to increase local control of the FirstBank trademark blue to reflect a and! Limited ( FirstBank ) is Nigeria ’ s largest financial services company headquartered in Marina,,. And joined the Nigerian Stock Exchange ( NSE ) to you 1894 is... Its Nigerian operations under the name Standard Bank of Nigeria and get hired relevant information and level...
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