First Bank of Nigeria Ltd.

Description

First Bank of Nigeria Limited is engaged in the retail banking and corporate banking business in Nigeria and internationally. The company operates through Retail Banking, Corporate Banking, Institutional Banking, Public Sector, Treasury Services, and Others segments. It provides savings, current, and domiciliary accounts; term deposits; Diaspora, private, and premium banking services; automobile, personal home, and household equipment loans, as well as personal loans against salary and mortgages; and agricultural financing services for individuals. The company also offers savings, current, fixed deposit, and domiciliary accounts; term deposits; secured term and office equipment loans; secured and government revenue loans, and overdraft; agricultural, SME products, local purchase orders, operational vehicles, and contract financing services; and commercial mortgages for corporates, and small and medium enterprises. In addition, it provides e-payment, money transfers, taxes and duties, schools solution, bills and utilities payment, and collections services; and e-banking services, which include Internet Banking, mobile phone banking, alerts, short message service, point of sales terminal, automated teller machine, debit and credit cards, and Internet payment services. Further, the company offers treasury services, which include cash management; liquidity planning and control; management of interest, currency, and commodity risks; procurement of finance and financial investments; contacts with banks and rating agencies; and corporate finance services. It also serves private individual, businesses and public sector, and government sector clients, as well as oil and gas, conglomerates and services, manufacturing, telecommunications, transport, financial institutions/multilaterals, construction, and infrastructure industries. The company was founded in 1894 and is based in Lagos, Nigeria. First Bank of Nigeria Limited is a subsidiary of FBN Holdings Plc.

Tags:

Banking Institutions, Credit Bank, Banking Finance, Banking Products and Services, Banking and Corporate Finance, Corporate and Investment Banking, Banking Industry, Private Banking, Banking Sectors, Banking and Securities Services, Bank Loans, Personal Banking, Savings Bank, Bank Management, Investment Banking Services, Banking Corporation, Finance and Investment Banking, Banking Financial Services