
- Sector: Financial Services
- Reach: Multinational
- Board Gender Diversity: ♂10; ♀4
- Website: www.firstbanknigeria.com
- Head Office: Lagos Island, Lagos
- CSR/sustainability report: Yes (GRI, SDGs)
- Impact management: Sustainability Department
First Bank of Nigeria (FBN) is a financial service institution that provides a comprehensive range of retail and corporate financial services. With more than 17 million customer accounts and 892 business locations nationwide, the bank has over N4.2 trillion in total assets and N578.8 billion in total equity. The bank’s brand purpose is to always put its customers, partners and all stakeholders at the heart of its business, which is anchored on the bank’s inherent values of passion, partnership and people. The bank has its headquarters in Lagos Nigeria with a strength of 16,000 members of staff
The bank’s sustainability approach is designed to deliver value in a structured way along four key areas which are driving sustainable finance & investments, empowering people, supporting our communities and contributing to environmental sustainability. First Bank’s community development initiatives are anchored on strategic Education, Health and Welfare pillars. The banks engagement in sustainable business practices is based on its promise to enhance economic development and ensure economic stability for the present and future generation.
Being the country’s oldest bank, FBN’s commitment to nation building informs its approach to corporate responsibility and sustainability (CR &S). The bank’s approach is three pronged; citizenship, stakeholder management and impact management. It is about creating long-term stakeholder by adopting the opportunities and managing the associated environmental, social and governance risks. The CR & S approach is contained in the group’s corporate responsibility policy. The CR & S approach is designed to deliver value in a structured way along the four key areas. The bank has aligned its business goals with the sustainable development goals (SDGs) for better impact.



2020 Highlights
FutureFirst programme:
The FutureFirst programme is designed to ensure youth of the nation are financially independent through fulfilling careers and the right financial knowledge. The programme is built around career counselling, financial literacy and entrepreneurship. The career counselling is executed through various activities such as the Youth Empowerment Series (3.0) and the UI Career Fair which are designed to equip school students with the knowledge needed for career planning and fulfilment. The bank also partners with Junior Achievement Nigeria (JAN) to provide secondary school students with practical business experience under the three pillars of financial literacy, work readiness and entrepreneurship.
Infrastructural Development Programme:
First bank Infrastructural Development Programme is aimed at promoting infrastructure development its identified areas of support. This includes providing infrastructure facilities in schools, hospitals and environment infrastructure projects. This is in recognition of the importance of these facilities in improving the quality of life. In 2019, the bank supported infrastructure projects in 15 schools including a lecture theatre in Obafemi Awolowo University and the faculty of Dentistry building in the University of Nigeria, Nsukka.
FirstGem Product: Empowering Women, Creating wealth
FirstGem is a bespoke solution to foster empowerment of women across the socio-economic strata. It is a programme that is ideal for women aged 18 and above, whether working professionals or entrepreneurs and comes in the form of saving and current accounts. This initiative is implemented across three pillars: creation of a FirstGem platform for women, value proposition for Women MSME’s (capacity building, affordable finance, accces to infrastructure, market visibility; and a strong commitment as a financial institution to support women leveraging the bank’s resources in developing unique and mutually rewarding solutions.