First Bank of Nigeria: USSD Code, Transfer Charges, SWIFT Code & Rates
Commercial bank · FirstBank · 120 Lagos branches · ₦5M NDIC coverage
Widest branch network — 800+ nationwide, 120+ in Lagos. Best for people who need physical banking.
Nigeria's oldest and largest bank by branch network. 800+ branches, 3,000+ ATMs nationwide. The default bank for government payments, pensions, and salary accounts across the civil service.
First Bank of Nigeria is a Commercial bank (CBN-licensed, NDIC-insured) founded in 1894 (132 years ago), operated by FBN Holdings. As of 2026 it serves approximately 40M+ customers through 750 branches nationwide.
- Founded
- 1894 · 132 years serving Nigerians
- Parent company
- FBN Holdings
- Customer base
- 40M+
- Branches nationwide
- 750
- Bank type
- Commercial bank (CBN-licensed, NDIC-insured)
- Website
- firstbanknigeria.com
- Address
- Samuel Asabia House, 35 Marina, Lagos Island, Lagos, Lagos
If you make 20 transfers, 4 other-bank ATM visits, and 30 SMS alerts per month:
₦2,160 more than Kuda (₦2,400/yr). That's 0 bags of rice.
Compare with all 23 banks →Time to open: 15 minutes · Online via app
- Bank Verification Number (BVN)Mandatory for all Nigerian bank accounts. Get one at any bank branch for free.
- Valid IDNational ID (NIN), International Passport, Voter's Card, or Driver's Licence.
- Passport photographRecent passport-sized photo. The mobile app may accept a live selfie instead.
- Utility billAddress verification. Electricity bill, water bill, or tenancy agreement (last 3 months).
- Minimum opening balance₦0 for savings accounts. ₦5,000-₦10,000 for current accounts.
Founded 1894 as the Bank of British West Africa. 130+ years of continuous operation.
One of the most widely-used bank apps in Nigeria by number of active users — 6M+ MAUs.
Women-focused banking product with dedicated savings products, business loans, and networking events.
~750 branches nationwide — the largest of any Nigerian bank, deep coverage of secondary cities and rural markets.
| Branch | Area | Sort code |
|---|---|---|
| First Bank Ikeja Obafemi Awolowo Way | Ikeja | 011-151089 |
| First Bank Marina HQ 35 Marina | Lagos Island | 011-151001 |
| First Bank Victoria Island Adeola Odeku St | Victoria Island | 011-151134 |