FirstBank, one of Nigeria’s oldest and most trusted financial institutions, has achieved a significant milestone by disbursing over ₦1 trillion in instant digital loans. This landmark achievement highlights the bank’s leadership in leveraging technology to drive financial inclusion and provide accessible credit solutions to millions of Nigerians.
Since launching its digital lending services in August 2019, FirstBank has continued to innovate in the financial services space by offering automated, collateral-free loan options to individuals and small businesses. Its digital loan products—FirstAdvance, FirstCredit, and AgentCredit—have now reached more than 1.5 million customers across the country.
These services are designed to be fast, easy to access, and secure. Customers can obtain loans instantly through multiple digital channels, including USSD (*894#), the FirstMobile App, LitApp, and the FirstMonie Agent network.
This system allows borrowers to receive funds in real-time, eliminating the traditional bottlenecks of paperwork, collateral requirements, and in-person processing.
Currently, the bank disburses over ₦1 billion daily through its digital lending platforms, a figure that reflects the growing demand for quick and convenient financial support in Nigeria. This trend also signals increasing consumer trust in digital finance services.
Speaking on the achievement, the Group Executive for e-Business and Retail Products, Chuma Ezirim, emphasized the bank’s commitment to enhancing customer experience and promoting financial empowerment through technology.
He stated that the ₦1 trillion milestone is not just a number, but a testament to FirstBank’s role in transforming the financial landscape and improving the economic well-being of its customers.
“Whether it’s helping a market woman restock her shop or enabling a salary earner to meet urgent needs before payday, our digital loans are making a real difference in people’s lives,” Ezirim said.
As FirstBank continues to invest in intelligent infrastructure and user-focused digital solutions, it reaffirms its commitment to serving as a catalyst for economic growth and development. The bank’s journey toward greater financial inclusion is far from over, and this milestone sets the stage for even broader impact in the years ahead.
