FirstBank Hits ₦1 Trillion Milestone in Instant Digital Loan Disbursements

FirstBank has hit ₦1 trillion milestone in instant digital loan disbursements.

NewsOnline Nigeria reports that FirstBank, one of West Africa’s foremost financial institutions, has announced a major milestone, crossing the ₦1 trillion mark in cumulative instant digital loan disbursements. This achievement reinforces the bank’s leadership in financial inclusion, innovation, and its mission to empower customers across various economic sectors.

Since the rollout of its first digital loan in August 2019, FirstBank has built a robust, AI-driven digital lending ecosystem designed to expand access to credit, especially for underserved and high-risk customer segments. Its fully automated, collateral-free lending model offers zero paperwork and no human intervention, enabling fast and secure access to credit.

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Through key products such as FirstAdvance, FirstCredit, and AgentCredit, over 1.5 million unique customers—including salary earners, informal workers, and micro business owners—have benefited from instant loans. These services are accessible via multiple platforms, including *894# (USSD), FirstMobile, LitApp, and the FirstMonie Agent App.

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

“This accomplishment reflects our dedication to innovation and our customer-first philosophy. We are not just focused on numbers, but on transforming lives and boosting financial independence, especially in Nigeria and across Africa.”

He added that FirstBank remains committed to extending digital credit access to excluded and underserved communities, while maintaining sound risk management practices.

Today, the bank disburses about ₦1 billion in digital loans daily, highlighting its role in building a tech-driven, inclusive financial landscape. With continuous investment in advanced technologies and tailored financial solutions, FirstBank aims to enhance the economic well-being of individuals and businesses nationwide.