FirstBank has announced that its flagship salary-backed digital loan solution, FirstAdvance, has reached a new milestone by recording daily loan disbursements of ₦1 billion.
The bank described the achievement as a reflection of the increasing acceptance of digital lending solutions among customers and its continued investment in technology-driven financial services. According to the lender, the milestone highlights growing confidence in its digital platforms and expanding demand for quick access to credit.
FirstAdvance is designed to provide eligible salary earners with short-term loans without requiring collateral. Customers can access the facility in less than a minute through the bank’s digital channels, helping them address urgent financial needs conveniently.
Commenting on the development, Group Executive for e-Business and Retail Products at FirstBank, Chuma Ezirim, said the achievement demonstrates the strength of the bank’s digital infrastructure and its commitment to delivering accessible financial solutions. He noted that the institution remains focused on improving customer experience while expanding access to credit through innovative banking services.
The latest milestone builds on the bank’s previous achievements in digital lending. In 2025, FirstBank announced that it had surpassed ₦1 trillion in cumulative digital loan disbursements through products including FirstAdvance, FirstCredit, and Agent Credit. The lending ecosystem has enabled millions of customers to access instant credit through automated and technology-powered channels.
The bank stated that customers can access its loan services through several digital platforms, including its USSD service, mobile banking application, LitApp, and the FirstMonie agent network. These channels are designed to provide faster access to financial services while supporting broader financial inclusion objectives.
FirstBank added that the continued growth of its digital lending business reinforces its position in Nigeria’s retail banking sector and demonstrates how technology can be used to expand access to financial services across different customer segments.
