FirstBank Disburses N1bn Daily On FirstAdvance as Digital Adoption Grows

FirstBank of Nigeria Limited has announced that its salary-backed digital loan product, FirstAdvance, has achieved a milestone daily disbursement of N1 billion, underscoring growing customer adoption of digital lending services and the bank’s expanding footprint in financial inclusion.

The bank said the achievement reflects growing trust in its digital platforms and demonstrates the effectiveness of its technology-driven approach to delivering accessible financial services to customers nationwide.

FirstAdvance is a short-term digital loan facility designed for salary earners, enabling eligible customers to access credit in under 1 minute, without collateral, to meet urgent financial obligations.

Speaking on the development, Group Executive, eBusiness and Retail Products at FirstBank, Chuma Ezirim, described the feat as a significant milestone in the bank’s digital banking journey.

“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,” Ezirim said.

He added that the milestone reinforces the bank’s leadership position in retail and digital banking. “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,” he stated.

The latest milestone comes on the heels of the bank’s 2025 announcement that it had surpassed N1 trillion in cumulative digital loan disbursements through its suite of lending products, including FirstAdvance, FirstCredit and AgentCredit.

According to the bank, customers can access loans through its various digital channels, including the USSD platform, FirstMobile, LitApp and the extensive FirstMonie Agent network, with loan approvals and disbursements completed in less than one minute.

Beyond salary earners, FirstBank said it is expanding access to credit through FirstCredit, an instant digital loan product targeted at individuals engaged in daily economic activities but without formal salaried employment.

The facility is accessible through the bank’s USSD platform, mobile application and LitApp.

The bank also highlighted the role of AgentCredit, a one-day tenor digital lending solution developed to bridge liquidity gaps for FirstMonie agents. The product provides agents with quick financing to support cash availability and facilitate transactions, particularly in rural, semi-urban and underserved communities.

FirstBank noted that its digital lending solutions are tailored to address the financial needs of diverse customer segments, including salary earners, small business operators, and agency banking partners.