First Bank of Nigeria Limited, established in 1894, is the premier bank in West Africa and one of Nigeria’s most influential financial institutions. Founded by Sir Alfred Jones, the bank originally operated as the Bank of British West Africa (BBWA) in Lagos, Nigeria. It acquired its first competitor, the Bank of Nigeria, in 1912. The bank changed its name to Bank of West Africa (BWA) in 1957 and later to Standard Bank of West Africa Limited in 1966. It was incorporated locally as the Standard Bank of Nigeria Limited in 1969. The bank changed its name to First Bank of Nigeria Limited in 1979 and again to FirstBank of Nigeria Limited in 2012 as part of a restructuring. Today, FirstBank operates as a subsidiary of FBN Holdings Plc, a diversified financial services group.