FirstBank Nigeria

FirstBank Nigeria offers business bank accounts for day-to-day company operations in Nigeria. The legal entity named is First Bank of Nigeria Limited.

Accounts Two business products are listed: the First Current Business Account and First SME Basic. For First SME Basic the published opening deposit is NGN 5,000. The bank states that charges depend on turnover and on meeting the conditions of the product, so the effective cost will differ from one company to another.

Currency The only currency listed is the Nigerian naira (NGN). Businesses that need foreign-currency accounts or cross-border transfers should ask the bank which products cover them, as the available data does not describe such services.

Who it suits The pair of accounts separates a general current account from an SME-oriented entry product. A small trading company with a naira-denominated cash flow could start with First SME Basic, while a business with higher volumes would compare it against the current account. Turnover thresholds, transaction fees and card options are not detailed here and should be requested from the bank.