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FirstBank has announced that its king and flagship salary backed digital loan product, FirstAdvance, hits a milestone N1 billion disbursement daily. The feat highlights the bank’s 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.
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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Designed primarily for salary earners, FirstAdvance addresses short-term cash needs by providing instant access to funds for urgent personal expenses, bills payment, emergencies, and everyday financial obligations.
Complementing this is FirstCredit, an instant digital loan product designed to provide funding to individuals who are not salaried but gainfully engaged in daily economic activities. Avoiding delays or limitations of traditional borrowing models, FirstCredit can be accessed via our USSD Service (*894#), FirstMobile Apps and LIT App at very affordable rates.
FirstBank also continues to drive grassroots financial empowerment through AgentCredit – a one-day tenured digital lending solution designed to specifically bridge the liquidity gap for our FirstMonie Agents. By providing our Firstmonie Agents with quick financing, AgentCredit helps address liquidity constraints at the point of transaction. This cash availability fuels millions of transactions daily within our Agency Banking franchise. This enables Firstmonie Agents to better serve customers in rural, semi-urban, and underserved communities while expanding access to essential financial services nationwide.
FirstBank’s digital lending solutions are built around the real financial needs of our customers and Firstmonie Agent partnerships. Whether it is helping salary earners manage temporary cash flow gaps, empowering other individuals who are not employed but gainfully engaged in daily economic activities with instant access to credit, or supporting FirstMonie Agents with working capital to sustain community banking services, the Bank remain committed to delivering innovative and responsible financial solutions that improve lives and drive economic participation.
