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Total assets. ₦5.9 trillion. Number of employees. 16,000. Website. firstbanknigeria .com. First Bank of Nigeria is a multinational bank and financial services company in Lagos, Nigeria. [1] First Bank is owned by FBN Holdings PLC, which in itself has diversified ownership with over 1.3 million shareholders.
It covers an area of 923,769 square kilometres (356,669 sq mi); with a population of over 230 million, it is the most populous country in Africa, and the world's sixth-most populous country. Nigeria borders Niger in the north, Chad in the northeast, Cameroon in the east, and Benin in the west.
The Central Bank of Nigeria (CBN) is the central bank and apex monetary authority of Nigeria established by the CBN Act of 1958 and commenced operations on 1 July 1959. The major regulatory objectives of the bank as stated in the CBN Act are to: maintain the external reserves of the country, promote monetary stability and a sound financial environment, and act as a banker of last resort and ...
Banking in Nigeria. The banking industry in Nigeria started during the colonial era with the establishment of Colonial Banks, with the primary aim of meeting the commercial needs of the Colonial Government. [1] The banking system in Nigeria is regulated through the Central Bank of Nigeria. This apex bank started operation on July 1, 1959.
Adesola Kazeem Adeduntan (born 7 May 1969) is a Nigerian business executive. He was the managing director and chief executive officer of First Bank of Nigeria Limited and Subsidiaries (comprising FBN UK, FBN Congo DR, FBN Ghana, FBN Senegal, FBN Guinea, FBN Gambia, FBN Sierra Leone, FBN Mortgages, and First Pension Custodian) a position to which he was appointed from his former role as group ...
FirstBank Holding Co, also known as 1stBank, a privately held bank based in Lakewood, Colorado with locations in Colorado, California, and Arizona. First American National Bank, a defunct bank now part of Amsouth Bancorporation. First Bancorp, a financial holding company in Southern Pines, North Carolina. First BanCorp, more commonly known as ...
VBank (V by VFD or V) is a virtual bank and platform powered by VFD Microfinance Bank and was launched on March 25, 2020. It was created to offer free online banking. [2] [8] [9] [10] Currently, VBank has onboarded more than 500,000 active individuals and businesses on its mobile banking platform across Nigeria. [11]
Wema Bank Plc, commonly known as Wema Bank, is a Nigerian commercial bank. It is licensed by the Central Bank of Nigeria; the regulator of the nation's banking sector. As of 2019, Wema bank operates the largest digital banking system in Nigeria, ALAT By Wema, which is fully in use in all of the nation's thirty six states and federal capital ...