Nigeria · Financial institution
First Bank of Nigeria LTD
Legal name in the LEI recordFirst Bank of Nigeria Limited
First Bank of Nigeria Limited is a Nigerian limited company with its head office at Samuel Asabia House, 35 Marina, Lagos. It is a wholly owned subsidiary of First HoldCo Plc (formerly FBN Holdings Plc), which is listed on the Nigerian Exchange. The bank provides retail, commercial and corporate banking and owns FirstBank UK Limited, FirstBank DRC Limited and banking subsidiaries in West Africa. It was founded in 1894 as the Bank of British West Africa and became part of the holding-company structure in 2012.
Licences and registrations
Matched by LEI on the 22 tracked registers
None matched by LEI in the 22 tracked registers.
- The tracked registers cover payment, e-money, crypto and money-service firms in 37 countries. Bank licences from national supervisors are not tracked.
Swift network
Swift’s ISO 9362 BIC directory
- BIC
- FBNINGLAXXX head office
- Connection to Swift
- Connected to SwiftThis BIC is registered as a live address on the Swift network. The institution sends and receives Swift messages under FBNINGLA directly.
- Swift GPI
- Live member
- Payment schemes and systems
- No entry in the EPC registers, the ECB T2 and TIPS lists or the SIX Bank Master cites this BIC
- Branch codes
- 3 branch codes
- BIC first registered
- 1992-11-05
- Last updated
- 2025-09-13
Overview
Researched 29 Sep 2026 · Sources
Employees
Not published
Ownership
Group subsidiary
100% First HoldCo Plc
Institution type
Commercial bank
Trades as FirstBank
- Standing
- The bank's parent, FBN Holdings Plc, has been renamed First HoldCo Plc. The bank still operates under its own name as a wholly owned subsidiary.
- Ownership
- First HoldCo Plc, a holding company listed on the Nigerian Exchange, owns 100% of the bank.
- Direct parent
- First HoldCo Plc ↗, Nigeria 100%
- Head office
- Samuel Asabia House, 35 Marina, 102273 Lagos, Nigeria
- Former names
- First Bank of Nigeria Plc · Bank of British West Africa
Business lines
According to First HoldCo, its Commercial Banking group, led by the bank, serves individual and corporate customers in 10 countries.
Online
- Websites & references
- firstbanknigeria.com ↗ did not load when checked
Wikipedia ↗ - Official social accounts
- None found
Sources · 11 pages consulted
- first-holdco.com/our-group/our-board/
- first-holdco.com/wp-content/uploads/2026/07/H1-2026_-Results-Press-Release-2.pdf
- first-holdco.com/wp-content/uploads/2026/05/FirstHoldCo-FY-2025-Q1-2026-Results-Presentation-.pdf
- fbnbank.co.uk/about-us/
- firstbanknigeria.com/ebenezer-olufowose/
- firstbanknigeria.com/firstbank-board-appoints-alebiosu-acting-ceo-as-adeduntan-retires/
- businessday.ng/companies/article/firstbank-appoints-alebiosu-as-ceo-ebong-as-deputy-md-alao-olaifa-non-e
- businessday.ng/companies/article/first-bank-appoints-julius-omodayo-owotuga-as-executive-director/
- nairametrics.com/2026/01/05/firstbank-meets-n500-billion-cbn-capital-requirement-ahead-of-march-deadline/
- nairametrics.com/2025/01/14/cbn-fines-nine-banks-n150m-each-for-failing-to-disburse-atm-cash/
- en.wikipedia.org/wiki/First_Bank_of_Nigeria
Leadership
Researched 29 Sep 2026 · Sources
- Chief executive
-
Olusegun Alebiosu
Managing Director/Chief Executive Officer, FirstBank Group
- Chair
-
Ebenezer Olufowose
Chairman
- Executive
-
Ini Ebong
Deputy Managing Director
- Executive
-
Julius B. Omodayo-Owotuga
Executive Director
Supervisors & regulators
Researched 29 Sep 2026 · Sources
- Nigeria
- Central Bank of Nigeria Central bankPrudential supervisorAML supervisorForeign exchange
Recent events 1 enforcement or investigation item
Researched 29 Sep 2026 · Sources
-
Leadership
The bank appointed Julius B. Omodayo-Owotuga, a former First HoldCo non-executive director, as Executive Director with effect from 13 May.
businessday.ng ↗ -
Other
First HoldCo reported a temporary capital adequacy breach at its Commercial Banking group, caused by the regulatory risk reserve. It later reported the ratio restored to 16.7% at June 2026.
first-holdco.com ↗ -
Licence
First HoldCo announced that the bank had met the Central Bank of Nigeria's new minimum capital requirement of NGN 500 billion.
nairametrics.com ↗ -
Enforcement
The Central Bank of Nigeria fined the bank NGN 150 million for failing to dispense cash through ATMs during the festive season.
nairametrics.com ↗ -
Leadership
The board confirmed Olusegun Alebiosu as Managing Director/CEO after Adesola Adeduntan retired in April 2024. Alebiosu had been acting CEO since April.
businessday.ng ↗ -
Leadership
Ebenezer Olufowose became Chairman of the board on 9 May 2024, succeeding Tunde Hassan-Odukale.
firstbanknigeria.com ↗
Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, incidents, leadership changes, mergers and licence changes. Each links to its source.
Identifiers
Head-office record
- BIC
- FBNINGLAXXX
- How the BIC breaks down
- FBNIBank
- NGCountry · Nigeria
- LALocation
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- 254900O2M53JMNF7U320
- LEI record
- View on GLEIF ↗
- How the LEI was matched
- BIC: Mapped to this BIC in the Swift and GLEIF BIC-to-LEI relationship file.
Profile
- Type
- Financial institutionClassified as a financial institution in Swift’s ISO 9362 BIC directory, with no licence on a tracked register. This includes banks that neither the ECB nor the FSB lists, as well as brokers, fund managers, insurers and market infrastructure.
- Regulation
- Not on a tracked registerNo licence or registration was found for this entity on the registers the directory tracks, or on the ECB and FSB bank lists. Most banks are licensed by national supervisors whose registers are not tracked yet. This does not mean that the institution is unregulated.
- Register licences
- None matched by LEI in the 22 tracked registersThe tracked registers cover payment, e-money, crypto and money-service firms in 37 countries. Bank licences from national supervisors are not tracked.
- Country · region
- Nigeria · Sub-Saharan Africa
- Trading venues (MIC)
- No MIC registered under this LEI list of 2026-09-17
- OFAC sanctions
- No listing cites this BIC
- EU sanctions
- No listing matched this BIC or its LEI
- Country sanctions
- No country programme
Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.
No licence or registration was found for this entity on the 22 registers the directory tracks, or on the ECB and FSB bank lists. Most banks are licensed by national supervisors whose registers are not tracked yet. This does not mean that the institution is unregulated.
Ownership and group
GLEIF relationship records
- Direct parent
- Fbn Holdings PLC · Nigeria029200370B2O2ZA1C754 ↗
The Fbn Holdings PLC group has 3 institutions in the directory, in 2 countries: all hold a BIC.
Including Firstbank UK Limited, Quest Merchant Bank Limited.
See the Fbn Holdings PLC group →Group membership follows the accounting-consolidation relationships reported to GLEIF. It does not show ownership shares or control.
Addresses
- Registered address
- SAMUEL ASABIA HOUSE 35 MARINA LAGOS 102273 5216 NIGERIA
- Operational address
- SAMUEL ASABIA HOUSE 35 MARINA LAGOS 102273 LAGOS POB 5216 NIGERIA
ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
A CBPR+ message identifies this institution by its BIC, and may add its LEI or a clearing code. CBPR+ does not allow a name and postal address next to a BIC.
- Identified by
- BIC, with its LEI
- Roles in CBPR+
- Any agent, including the instructing and instructed agents
CBPR+
For cross-border payments on Swift: the BIC, with the LEI and clearing code where known
<FinInstnId>
<BICFI>FBNINGLAXXX</BICFI>
<LEI>254900O2M53JMNF7U320</LEI>
</FinInstnId>Full record
Every ISO 20022 element the directory holds. Base ISO 20022 allows them together. CBPR+ does not allow a name and address next to a BIC
<FinInstnId>
<BICFI>FBNINGLAXXX</BICFI>
<LEI>254900O2M53JMNF7U320</LEI>
<Nm>FIRST BANK OF NIGERIA LTD</Nm>
<PstlAdr>
<TwnNm>LAGOS</TwnNm>
<Ctry>NG</Ctry>
<AdrLine>SAMUEL ASABIA HOUSE 35 MARINA LAGOS 102273 5216</AdrLine>
</PstlAdr>
</FinInstnId>The BIC, name and address are as published in Swift’s BIC directory. The LEI comes from the Swift and GLEIF BIC-to-LEI file. Check them against your own records before use.
Network
Branch network
All 3 branch BICs connect to the head office. They are all in Lagos, and no function or registration year splits them further.
Hover over a branch or group to see its details
Branch codes
| BIC | Branch | City | Address | LEI | Updated |
|---|---|---|---|---|---|
| FBNINGLAGCS | CUSTODIAN SERVICES | Lagos | SAMUEL ASABIA HOUSE 35 MARINA LAGOS 102273 LAGOS POB 5216 NIGERIA | — | 2025-09-13 |
| FBNINGLAPYT | PAYMENTS | Lagos | SAMUEL ASABIA HOUSE 35 MARINA LAGOS 102273 LAGOS POB 5216 NIGERIA | — | 2026-01-24 |
| FBNINGLAWAL | — | Lagos | SAMUEL ASABIA HOUSE 35 MARINA LAGOS 102273 LAGOS POB 5216 NIGERIA | — | 2026-02-09 |
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Sources & method
Every value comes from a public source, such as Swift’s ISO 9362 BIC directory, GLEIF or the OFAC and EU sanctions lists. Most sources are matched on a BIC or an LEI, not on a name.
Swift GPI membership is matched on names and is indicative. A missing sanctions match does not mean that no listing applies. Always screen against the official lists.
The sanctions facts on this page cover the BIC and its LEI only.
An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.
Read the methodology →Credits for this page
- Ownership and group—GLEIF Level 2 relationship records (accounting consolidation), matched by LEI.
- Overview, leadership, regulators and events—researched per institution by an AI model with web search, from the institution's own website and reports, regulators, company registers and news. Figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.
- Images—logos and photos from Wikimedia Commons (credited with their author and licence) or from the institution's own website, where Wikimedia has none. Elucidate keeps a copy of each; the links lead to the source and the original image. Olusegun Alebiosu: first-holdco.com (official website) · original; Ebenezer Olufowose: first-holdco.com (official website) · original; Ini Ebong: first-holdco.com (official website) · original; Julius B. Omodayo-Owotuga: first-holdco.com (official website) · original.
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