FirstBank Nigeria yesterday announced that FirstAdvance, its flagship salary backed digital loan product, has hit a milestone of N1 billion daily disbursement.
The bank, in a statement, said that the feat underscores its commitment to delivering innovative, accessible, technology-driven financial service solutions to its customers.
“FirstAdvance is a convenient loan offering for salary earners, that enables FirstBank customers to access short-term credit in less than one minute without collateral, enabling customers to conveniently meet urgent financial needs.
“This remarkable scale to a N1 billion single day disbursement product reflects increasing customer adoption, trust in FirstBank’s digital platforms, and the effectiveness of its integrated service delivery model,” the bank said.
Speaking on the achievement, Chuma Ezirim, Group Executive, eBusiness and Retail Products at FirstBank, said: “Achieving N1 billion daily disbursement is a remarkable milestone for FirstAdvance and a testament to the strength of our digital capabilities and team collaboration at FirstBank. We will continue to empower our customers with quick and convenient access to credit, while continuously enhancing their overall banking experience.
“This achievement further strengthens FirstBank’s leadership position in retail and digital banking, demonstrating the Bank’s ability to leverage technology to meet evolving customer needs while driving financial services access and economic participation,” Ezirim added.
In 2025, FirstBank celebrated the disbursement of N1 Trillion in cumulative digital loan disbursements. Through a range of digital loan products including FirstAdvance, FirstCredit and Agent Credit, FirstBank continues to show how access to credit can be scaled with smart, data-driven solutions and platforms.
Leveraging its diverse digital channels which includes *894# (the USSD service), FirstMobile, LitApp, and the extensive FirstMonie Agent network, customers and Firstmonie Agents can access loans in less than one minute, reinforcing FirstBank- the West Africa’s premier lender as a pioneer and thought leader in digital lending.
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