FirstBank Hits ₦1 Trillion Milestone in Instant Digital Loan Disbursements

FirstBank Hits ₦1 Trillion Milestone in Instant Digital Loan Disbursements

Lagos, Nigeria – July 18, 2025

FirstBank of Nigeria, a leading financial institution and a pioneer in financial inclusion across West Africa, has reached a significant milestone with over ₦1 trillion disbursed in cumulative instant digital loans. This landmark achievement reflects the Bank’s sustained innovation, dedication to empowering customers, and deepening of financial inclusion in Nigeria and beyond.

Since launching its first digital loan offering in August 2019, FirstBank has built a comprehensive and data-driven digital lending ecosystem. Leveraging Artificial Intelligence (AI) and Machine Learning (ML), the Bank’s digital credit platforms are designed to provide quick and collateral-free access to finance, especially for high-risk and underserved customer segments.

Through its flagship digital loan products — FirstAdvance, FirstCredit, and AgentCredit — FirstBank has empowered over 1.5 million unique borrowers, including salary earners, non-salary earners, and micro business owners. Customers can conveniently access these loans via multiple platforms including USSD (*894#), FirstMobile app, LitApp, and the FirstMonie Agent app.

Speaking on the achievement, Chuma Ezirim, Group Executive, e-Business & Retail Products at FirstBank, said:

“This milestone reflects our unwavering commitment to innovation and customer satisfaction, which remain at the heart of our operations. More than the numbers, it highlights our mission to drive financial independence and inclusion across Nigeria and Africa.”

He further stated that FirstBank would continue to extend credit access to underserved populations while maintaining prudent risk management strategies.

Currently disbursing an average of ₦1 billion daily in digital loans, FirstBank reinforces its position as a major driver of inclusive, technology-enabled financial services in Nigeria. Through continuous investment in cutting-edge technology and tailored financial solutions, the Bank is committed to improving the financial health of individuals and businesses nationwide.