Banking

First Bank changes subsidiaries’ corporate name

First Bank of Nigeria Limited has announced a phased corporate name change of its subsidiaries in the United Kingdom and Sub-Saharan Africa.

First Bank made the announcement via a statement issued on Wednesday, April 12, by its Group Head, Marketing and Corporate Communications, Folake Ani-Mumuney.

The bank stated that the name change was implemented to align the subsidiaries with the parent brand and to enjoy the strong heritage and brand equity built by First Bank Nigeria in its 129 years of banking leadership.

The bank named the first set of subsidiaries effecting the name alignment as FBNBank UK, FBNBank Sierra Leone, FBNBank Gambia, and FBNBank DRC.

READ ALSO: First Bank: FG’s charge made to embarrass us

It noted that the subsidiaries are now known and addressed as FirstBank UK, FirstBank Sierra Leone, FirstBank Gambia, and FirstBank DRC.

It said the Ghana, Senegal, and Guinea subsidiaries would be next in the phased name change implementation.

The bank added that the name change would further enhance the quality-of-service delivery resulting in better brand clarity, uniformity, and consistency across all the markets where the Bank operated.

Speaking on the development, the Chief Executive Officer of First Bank Group, Dr Adesola Adeduntan, said: “The name change coincided with the bank’s 129th founding anniversary (March 31, 2023).

“It is indeed a milestone reflective of our resolve to continuously provide the gold standard of excellence and value as we put our customers first.

“The new identity of the subsidiaries contributes to an enhanced brand presence.

“It helps our customers and stakeholders better appreciate the value of the diversified products suites, competitive pricing, and extensive business networks the First Bank Group offers.

“These include our commitment to boosting cross-border businesses which involve trade and investment opportunities essential, to enhancing trade relations amongst countries, thereby strengthening the economies of host communities and reducing poverty,” Adeduntan said.

The Star

Segun Ojo

Recent Posts

Oil prices rise above $100 for first time in 4 months

Oil prices fell on Friday, September 11, 2026, but both major benchmarks are on ​track…

12 minutes ago

What to know about Trump’s $5,000 ‘dividend’ pledge

United States President Donald Trump has promised to give every American adult $5,000 if Republicans…

28 minutes ago

ASUU threatens fresh strike over unpaid salaries, agreement

The Academic Staff Union of Universities has warned that it may revive its suspended nationwide…

33 minutes ago

Musk threatens legal action over documentary ahead of Venice premiere

X owner Elon Musk has threatened legal action against the makers of a new documentary…

1 hour ago

Nigeria’s stock market rebounds with N101bn gain

Nigeria’s stock market ended two consecutive days of losses on Thursday, September 10, 2026, with…

2 hours ago

FG: Transport fares’ll reduce nationwide from October 1

The Presidential Initiative on Compressed Natural Gas and Electric Vehicles (Pi-CNG & EV) says transportation…

2 hours ago

This website uses cookies.