First Bank of Nigeria has demonstrated exceptional prowess in enhancing its corporate client base and revenues, solidifying its position as Nigeria’s best bank for large corporates. Over the year, the bank achieved a significant 14% growth in its large corporate client base, from 614 to 701.
This is paired with an impressive 26% increase in average client revenue, progressing from ₦504 million ($0.33 million) to ₦633 million. This growth is not just a testament to effective client acquisition but also to the deepening of existing client relationships which bolster sustainable revenue enhancement.
Further strengthening its dominance, First Bank has excelled in digital innovation and transaction efficiency. Its FirstDirect platform processed transactions worth over ₦10.3 trillion in 2024, registering more than 4 million successful transactions. The platform has also seen a 101% growth in onboarding corporate users. This digital arm provides critical real-time cash and trade management solutions, liquidity services, and AI-driven insights beneficial to large corporations across five African nations, thereby enhancing both reach and operational efficiency.
Further strengthening its dominance, First Bank has excelled in digital innovation and transaction efficiency
The bank also sets industry benchmarks in sector-specific relationship management and client onboarding processes. It has curated specialised relationship management teams that spearheaded remarkable revenue spikes for key clients: Glomobile increasing by 81%, BUA by 56%, and a remarkable 636% for the Chagoury Group.
First Bank has integrated automated workflows and prioritised queues which expedite both onboarding and transaction handling, ultimately improving client satisfaction and operational transparency. These strategies underline First Bank’s commitment to providing tailored and efficient banking solutions to large corporates in Nigeria.
