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First Bank of Nigeria Limited ( a member of FBN Holdings Group) has recently achieved re-certification to the Payment Card Industry Data Security Standard (PCI DSS) version 3.2. The bank is the second financial institution to achieve this in West Africa.

What is PCI DSS ?

PCI DSS stands for Payment Card Industry Data Security Standards. PCI DSS is a widely accepted set of policies and procedures intended to optimize the security of credit, debit and cash card transactions and protect cardholders against misuse of their personal information.

FBN Holding shares are currently trading at N7.50 in today’s trading session on the Nigerian Stock Exchange.

About First Bank

First Bank was established in 1894 and is one of the oldest banks in the country. The bank has a customer base of over 10 million and of over 7000 staff. First Bank adopted the holding company structure in 2010 in line with the Central Bank of Nigeria (CBN) policy.

FBN Holdings

FBN Holdings comprises of the following units:

Commercial Banking – includes First Bank of Nigeria Ltd and all its commercial banking subsidiaries: FBNBank (UK) Ltd with branch in Paris, France, FBNBank DRC, FBNBank Ghana, FBNBank Gambia, FBNBank Guinea, FBNBank Sierra-Leone, FBNBank Senegal, First Pension Custodian Limited, FBN Mortgages Limited.

FBNQuest – This is the brand name of the Merchant Banking and Asset Management businesses of FBN Holdings Plc, which comprises FBN Merchant Bank Limited, FBN Capital Limited, FBN Securities Limited, FBN Capital Asset Management Limited, FBN Trustees Limited, FBN Funds Limited and FBN Capital Partners Limited.

Insurance – The Insurance business is made up of FBN Insurance, FBN General Insurance and FBN Insurance Brokers. The business group offers Life and General insurance services as well as insurance brokerage services.

Onome Ohwovoriole has a degree in Economics and Statistics from the University of Benin and prior to joining Nairametrics in December 2016 as Lead Analyst had stints in Publishing, Automobile Services, Entertainment and Leadership Training. He covers companies in the Nigerian corporate space, especially those listed on the Nigerian Stock Exchange (NSE). He also has a keen interest in new frontiers like Cryptocurrencies and Fintech. In his spare time, he loves to read books on finance, fiction as well as keep up with happenings in the world of international diplomacy. You can contact him via onome.ohwovoriole@nairametrics.com


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