What Does First Bank Do?

Total employees2660
HeadquartersLagos
Founded1910

First Bank of Nigeria Limited (FirstBank) is Nigeria's premier and most valuable banking brand, and one of the largest financial services solutions providers in sub-Saharan Africa (excluding South Africa). With a rich heritage spanning over 130 years (founded in 1894), FirstBank has been at the forefront of Nigeria's economic development and financial innovation. The bank provides a comprehensive range of retail and corporate financial services to over 42 million customer accounts and investors across Africa and select international markets. It operates through four key Strategic Business Units (SBUs): Retail Banking, Corporate Banking, Commercial Banking, and Public Sector Banking.

Where Is First Bank's Headquarters?

HQ Function

Serves as the central command for the bank's extensive operations, strategic decision-making, corporate governance, and management of its nationwide and international branches.

Notable Features:

Samuel Asabia House is an iconic high-rise building in the Lagos Marina district, a prominent landmark in the city's financial hub, featuring modern banking facilities and corporate offices.

Work Culture:

Emphasizes professionalism, customer-centricity, innovation, entrepreneurship, and a commitment to ethical banking practices. The environment fosters collaboration and continuous learning, reflecting its status as a leading financial institution.

HQ Significance:

The headquarters is a symbol of FirstBank's long-standing presence and leadership in the Nigerian financial sector, coordinating its vast network and driving its strategic initiatives across the continent.

Values Reflected in HQ: The headquarters, Samuel Asabia House, reflects FirstBank's values of stability, resilience, customer-focus, and leadership in the African banking landscape through its prominent location, modern infrastructure, and its role as the nerve center for operations.

Location:

First Bank of Nigeria Limited maintains a significant presence beyond Nigeria, with subsidiaries in the United Kingdom (FBN Bank UK), Democratic Republic of Congo (FBNBank DRC), Ghana (FBNBank Ghana), The Gambia (FBNBank Gambia), Guinea (FBNBank Guinea), Sierra Leone (FBNBank Sierra Leone), and Senegal (FBNBank Senegal). It also has a Representative Office in Beijing, China. This network supports international trade finance, correspondent banking, cross-border transactions, and services for the African diaspora, reinforcing its position as a key player in African finance.

Street Address:

Samuel Asabia House, 35 Marina, Lagos Island

City:

Lagos

State/Province:

Lagos State

Country:

Nigeria

Where Else Does First Bank Operate Around the World?

London, United Kingdom

Address: 28 Finsbury Circus, London, EC2M 7DT, United Kingdom

To provide bespoke banking solutions for businesses and individuals engaging in UK-Africa trade and investment, and to serve the diaspora community.

Accra, Ghana

Address: Plot No. 10, Liberation Link, Airport City, Accra, Ghana

To expand FirstBank's footprint in West Africa, providing robust financial solutions and leveraging its expertise to support economic growth in Ghana.

Kinshasa, Democratic Republic of Congo

Address: 133 Boulevard Du 30 Juin, Gombe, Kinshasa, DRC

To strengthen FirstBank's presence in Central Africa and cater to the banking needs of individuals and businesses in the DRC.

Banjul, The Gambia

Address: 48 Kairaba Avenue, Fajara, K.S.M.D, Banjul, The Gambia

To serve the Gambian market with reliable banking solutions and support cross-border trade within the West African region.

Buying Intent Signals for First Bank

Highperformr Signals uncover buying intent and give you clear insights to target the right accounts at the right time — helping your sales, marketing, and GTM teams close more deals, faster.

Notable news
Hiring actively
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
*Example signal, not calculated in real time

Who's Leading First Bank? Meet the Executive Team

As of April 2025, First Bank' leadership includes:

Olusegun Alebiosu - Managing Director/Chief Executive Officer
Ini Ebong - Executive Director, Treasury and International Banking
Patrick Iyamabo - Executive Director, Chief Financial Officer (FirstBank Group)
Abdullahi Ibrahim - Executive Director, Public Sector Banking
Oluseyi Oyefeso - Executive Director, Retail Banking & Chief Customer Officer (Lagos & West)
Bode Abioye - Executive Director, Corporate Banking
Babatunde Lasaki - Executive Director, Corporate Banking
Bashirat Odunewu - Executive Director, Risk Management and Chief Risk Officer (CRO)
Omolola Adedokun - Executive Director, Technology, Digital Innovation and Services

Who's Investing in First Bank?

First Bank has been backed by several prominent investors over the years, including:

Femi Otedola (Major Shareholder)
Barbican Capital Limited (linked to Oba Otudeko, Major Shareholder)
Stanbic IBTC Nominees Limited (Represents various beneficial owners)
Publicly Traded on the Nigerian Exchange Group (NGX) - Ticker: FBNH

What Leadership Changes Has First Bank Seen Recently?

Hire1
Exits1

The past year has seen a significant leadership transition at First Bank of Nigeria Limited, marked by the resignation of Dr. Adesola Adeduntan and the subsequent appointment and confirmation of Olusegun Alebiosu as the new Managing Director/Chief Executive Officer.

Departures

Dr. Adesola Adeduntan, Dr. Adesola Adeduntan resigned as MD/CEO of First Bank of Nigeria Limited, effective April 20, 2024.

New Appointments:

Olusegun Alebiosu, Olusegun Alebiosu appointed substantive Managing Director/Chief Executive Officer by the Board of First Bank of Nigeria Limited. He previously served as Executive Director, Corporate Banking and was Acting MD/CEO from April 21, 2024.

What Technology (Tech Stack) Is Used byFirst Bank?

Discover the tools First Bank uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.

First Bank Email Formats and Examples

First Bank of Nigeria Limited primarily uses a standard corporate email format, typically combining the employee's first name and last name, separated by a period, followed by the company's domain '@firstbanknigeria.com'. Variations may exist for specific departments or roles, but this is the most common structure.

firstname.lastname@firstbanknigeria.com

Format

john.doe@firstbanknigeria.com

Example

85%

Success rate

What's the Latest News About First Bank?

Premium Times NigeriaJune 6, 2024

First Bank confirms Olusegun Alebiosu as substantive MD/CEO

First Bank of Nigeria Limited has announced the substantive appointment of Olusegun Alebiosu as its Managing Director/Chief Executive Officer, effective immediately. Mr. Alebiosu has been serving as Acting MD/CEO since April 2024, following the resignation of the former MD, Adesola Adeduntan....more

NairametricsApril 30, 2024

FBN Holdings records N208.1 billion profit before tax in Q1 2024 unaudited results

FBN Holdings Plc, the parent company of FirstBank Nigeria, released its unaudited financial results for the first quarter ended March 31, 2024, reporting a profit before tax of N208.1 billion. This marks a significant increase compared to the N56.1 billion reported in Q1 2023, showcasing strong performance across its banking and other financial services subsidiaries....more

FirstBank Nigeria NewsMay 24, 2024

FirstBank Group Achieves Another Milestone as Fitch Revises Outlook on First Bank of Nigeria Ltd’s Long-Term Issuer Default Rating (IDR) to Stable

Fitch Ratings revised the Outlook on First Bank of Nigeria Ltd's Long-Term Issuer Default Rating (IDR) to Stable from Negative and affirmed the IDR at 'B-'. The revision of the Outlook to Stable reflects abating funding instability risk, as a recent NGN300 billion capital injection has eased pressures on capitalisation and liquidity....more

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