Wema Bank Plc, common Read more [...]
Place Category: Bank
First Bank of Nigeria, sometimes referred to as FirstBank, is a Nigerian multinational bank and financial services headquartered in Lagos. It is the biggest bank in Nigeria by total deposits and gross earnings and operates a network of over 750 business locations across Africa, the United Kingdom and representative offices in Abu Dhabi, Beijing, and Johannesburg set up to capture trade-related business between geographies. It majors in retail banking and has the largest retail client base in Nigeria. In 2015, The Asian Banker awarded FirstBank the Best Retail Bank in Nigeria award for the fifth consecutive year.
The Nigerian banking business operates nationally with an active customer base of over 10 million and employs over 7,000 staff. FirstBank operates along four key Strategic Business Units (SBUs) – Retail Banking, Corporate Banking, Commercial Banking and Public Sector Banking. 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 Premium Term Deposit is a value-added term deposit product which offers higher interest rates than the conventional term deposit. It has fixed tenures of either 6 months or one year, with correspondingly more attractive interest rates.