Connect with us

News

Zenith wins fourth Global Finance Best Bank Awards

Published

on

Lagos-based resident, Lawerence Ayomide, was in the banking hall of Zenith Bank on November 9, a Nigerian commercial bank, to initiate a bulk

Zenith Bank Plc has emerged as the Best Bank in Nigeria in the Global Finance Best Banks Awards 2024, winning the award for the fourth time since 2019.

The Bank was among other banks from 36 countries in Africa recognised as the prestigious Global Finance announced its 31st Annual Best Bank Awards Winners.

The editors of Global Finance made the selections after extensive consultations with corporate financial executives, bankers and banking consultants, and analysts worldwide. Factors considered in selecting the top banks ranged from the quantitative objective to the informed subjective. Objective criteria considered included: growth in assets, profitability, geographic reach, strategic relationships, new business development and innovation in products. Subjective criteria included the opinions of equity analysts, credit rating analysts, banking consultants and others involved in the industry.

Commenting on the award, the outgoing Group Managing Director/Chief Executive of Zenith Bank, Dr. Ebenezer Onyeagwu said: “This award serves as a powerful affirmation of our resilience and tenacity despite headwinds and a very challenging macroeconomic environment. Indeed, it is a testament to our status as the leading financial institution in Nigeria, dedicated unwaveringly to delivering exceptional value to our stakeholders”.

He expressed profound gratitude to the founder and chairman, Jim Ovia, CFR, for his exceptional vision and foundational role in establishing a resilient and enduring financial institution. He also lauded the board for their astute insights and exemplary leadership, the staff for their steadfast commitment and unwavering dedication, and the customers for their staunch loyalty to the Zenith brand.

READ ALSO  Minimum Wage: Consider economic realities, Tripartite Committee tells Organised Labour

Joseph D. Giarraputo, publisher and editorial director of Global Finance, said: “Banking has reached another watershed moment with the debut of generative artificial intelligence, which promises to rewrite the industry playbook,” He added that: “In this ever-changing environment, the Best Bank Awards recognize the financial institutions that offer the broadest range of services, long-term reliability, and technological innovation.”

Global Finance’s “Best Banks Awards” are recognised amongst the world’s most influential banking/finance and corporate professionals as the most coveted and credible awards in the banking industry, with winners chosen in 150 countries and territories across Africa, AsiaPacific, the Caribbean, Central America, Central & Eastern Europe, Latin America, the Middle East, North America and Western Europe.

Founded in 1987, Global Finance regularly selects the top performers among banks and other financial services providers, and the awards have become a trusted standard of excellence for the global financial community.

Zenith Bank’s track record of excellent performance has earned the brand numerous awards, including being recognised as the Best Bank for Digital Solutions in Nigeria in the Euromoney Awards 2023, being listed in the World Finance Top 100 Global Companies in 2023; being recognised as the Number One Bank in Nigeria by Tier-1 Capital, for the 14th consecutive year, in the 2023 Top 1000 World Banks Ranking published by The Banker Magazine; Best Commercial Bank, Nigeria, for three consecutive years from 2021 to 2023, in the World Finance Banking Awards; Best Corporate Governance Bank, Nigeria in the World Finance Corporate Governance Awards 2022 and 2023; Bank of the Year (Nigeria) in The Banker’s Bank of the Year Awards 2020 and 2022; Best Bank in Nigeria, for three consecutive years from 2020 to 2022, in the Global Finance World’s Best Banks Awards; Best in Corporate Governance’ Financial Services’ Africa, for four successive years from 2020 to 2023, by the Ethical Boardroom; Most Sustainable Bank, Nigeria in the International Banker 2023 Banking Awards; Best Commercial Bank, Nigeria and Best Innovation in Retail Banking, Nigeria in the International Banker 2022 Banking Awards.

READ ALSO  ‘It is unacceptable’ — Obi faults proposed purchase of presidential aircraft

Also, the bank emerged as the Most Valuable Banking Brand in Nigeria in the Banker Magazine Top 500 Banking Brands 2020 and 2021; Bank of the Year 2023 and Retail Bank of the Year for three consecutive years from 2020 to 2022, at the BusinessDay Banks and Other Financial Institutions (BAFI) Awards. Similarly, Zenith Bank was named Bank of the Decade (People’s Choice) at the ThisDay Awards 2020, Bank of the Year 2021 by Champion Newspaper, Bank of the Year 2022 by New Telegraph Newspaper, and Most Responsible Organisation in Africa 2021 by SERAS Awards.

Source: NARIAMETRICS

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

‘It is unacceptable’ — Obi faults proposed purchase of presidential aircraft

Published

on

Peter Obi introduced two dangerous things into politics – Presidency

Peter Obi, the Labour Party (LP) presidential candidate in the 2023 elections, has faulted the proposal to purchase new presidential aircraft.

Recently, the house of representatives committee on national security and intelligence asked the federal government to purchase new aircraft for President Bola Tinubu and Vice-President Kashim Shettima.

The committee’s recommendation was contained in a report released after it investigated the status of the aircraft in the presidential air fleet.

In May, the house of representatives mandated the committee to conduct a “comprehensive investigation” into the aircraft in the presidential fleet to ascertain their airworthiness and technical status.

Shettima cancelled his trip to the United States due to a fault with his aircraft. The vice-president was to represent Tinubu at the 2024 US-Africa business summit.

Reacting to the development, Obi, in a statement published on Monday on X, said the proposal for a new aircraft “highlights the disconnect between the government and the people”.

“With rising insecurity, poverty, hunger, and homelessness, this decision highlights the disconnect between the government and the people,” Obi wrote.

“It is unacceptable and demands a more compassionate use of resources, prioritizing citizens’ welfare.

“It’s on record that our presidential jets have an average age of 12 years, purchased when most Nigerians could afford basic necessities.

“Now, as our country faces significant challenges, including a high debt profile, our citizens are in even greater need.

“Instead of adding to our luxuries, we should be focused on alleviating their suffering and finding solutions to their problems.

READ ALSO  No #EndSARS protesters in custody, police reply Shehu Sani

“For long, our bad leadership has made our priorities, as leaders, to be at variance to the needs of society, which is why we are headed now south as a nation.”

The former Anambra governor also faulted the construction of a N21 billion official residence for Shettima amid economic hardship.

“To elucidate further, despite dropping down to the fourth-largest economy in Africa, with a GDP of $252 billion and a per capita income of $1,080, with huge debt burdens and borrowing to service debts, yet we are spending $15 million for our Vice President’s residence, while the USA, the world’s largest economy with a GDP of $25 trillion, about 100 times our GDP, and a per capita income of $80,000, about 80 times ours, still houses their Vice President in Number 1 Observatory Circle, a house built over 100 years ago and whose value is obviously less than the $15 million we are spending on our VP’s residence.”

Obi said it is time for the political class to stop “recklessness” and focus on the needs of the people.

“It’s, therefore, time to stop this impunity, insensitivity, and shamelessness and refocus on the needs of our people. We must prioritize education, healthcare, and lifting our citizens out of poverty,” the former Anambra governor added.

“Let us work together to build a nation that truly serves its people, not just the interests of a few. Let’s rise to the challenge and build this new Nigeria, which is now more possible than ever before.”

Source: The Cable

Continue Reading

News

Abayomi: Cholera strain in Lagos highly contagious — but cases now declining

Published

on

Abayomi: Cholera strain in Lagos highly contagious — but cases

On Sunday, Akin Abayomi, the commissioner for health, said Lagos has recorded 17 confirmed cases of cholera and 15 fatalities so far.

He said laboratory investigation has confirmed the strain to be cholera sub-type O-1, adding that the subtype is associated with more severe diseases.

On Monday, in a post on X, Abayomi said the identified strain is “highly aggressive and contagious, with potential for widespread dissemination”.

Abayomi said through community-based case finding and contact tracing, the government observed that the number of cases “has peaked and is now significantly declining”.

“The geographical distribution of suspected cases by Local Government Area showed that Lagos Island is the epicentre of the outbreak with 106 cases, followed by Kosofe with 49; Eti-Osa with 38; Lagos Mainland with 30; Ojo with 17; Ikorodu with 16; Shomolu with 11; Surulere with nine; Apapa with eight; Mushin with eight; Ifako Ijaiye with eight; Alimosho with four; Ajeromi-Ifelodun with four; Oshodi-Isolo with three; Ikeja with three; Ibeju Lekki with two; Badagry with two; and Amuwo-Odofin with one,” the post reads.

“We are receiving support from the NCDC and International partners, including the WHO Nigeria and UNICEF Nigeria.

“Local Non-Governmental organizations are actively involved in raising awareness and conducting community-based surveillance efforts.”

Source: The Cable

READ ALSO  On Father’s day, Tinubu, Obaseki hail Fathers for their resilience, sacrifice
Continue Reading

News

NDLEA recovers 230,900 Tramadol pills, uncovers skuchies coy in Ogun

Published

on

The National Drug Law Enforcement Agency (NDLEA) has recovered a total of 230,600 pills of 200mg and 225mg of Tramadol, a prohibited substance in Gadar Tamburawa area of Kano, Kano State.

NDLEA ‘s Director, Media and Advocacy, Mr Femi Babafemi, said this in a statement on Sunday in Abuja.

Babafemi said that the NDLEA operatives arrested the duo of Yasir Rabi’u, 23, and Abubakar Ado, 30, who were major distributors of the illicit drugs in Kano and Jigawa states respectively.

He said that the suspected drug peddlers were arrested on Monday.

Babafemi said, “In the same vein, another suspect, Hassan Abdullahi-Ali, 25, was nabbed with 150 bottles of codeine syrup at Kofar Nassarawa area of Kano on Tuesday.

“Also, In Ogun, NDLEA operatives on Monday seized 390kg of cannabis and arrested the three in connection with the illicit drugs.”

He said that Muhammad Sani, Nura Mohammad and Samaila Rabe were arrested during an early morning raid at Ibese area of the state.

Meanwhile, Babafemi said that officers on Wednesday busted a skuchies making factory at Sabo area of Sagamu town where seven suspects were arrested.

“They include: Kareem Jamiu; Oriyimi Ayo; Bamidele Wasiu; Rasheed Olarewanju; Ramota Lawal; Amudalat Olarewaju; and Adeniyi Omotosho.

“Exhibits recovered from them include: 387 litres of skuchies; 70 litres of industrial codeine; 25kg cannabis and different quantities of Tramadol, Rohypnol, Diazepam.

“Also, there were various equipment used in the production of the new psychoactive substance and all were intercepted, “ he said.

READ ALSO  NDLEA recovers 230,900 Tramadol pills, uncovers skuchies coy in Ogun

Source: The Nation

Continue Reading

News

Minimum Wage: Consider economic realities, Tripartite Committee tells Organised Labour

Published

on

Meeting on the ongoing negotiations on new minimum wage has been adjourned till Wednesday after the organised labour

The Tripartite Committee on National Minimum Wage said at the weekend that organised labour should reconsider the amount it was demanding as national minimum wage, based on current realities.

Chairman of the committee, Goni Aji, told the News Agency of Nigeria (NAN) in Abuja that labour should exercise more flexibility in its negotiation, based on current economic considerations and non-monetary incentives, which the federal government had so far provided for workers.

However, a chieftain of Peoples Democratic Party (PDP), Chief Sunny Onuesoke, berated labour, claiming Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) have been selfish in their negotiation for minimum wage for workers.

Onuesoke said at the weekend in Asaba that the labour unions had ignored the effect of their wage demand on private sector workers and people in the informal sector, who he said formed the largest workforce in the country.

Aji listed government’s recent incentives for workers to include N35,000 wage award for all treasury-paid federal workers, N100 billion for the procurement of gas-fuelled busses, and conversion to gas kits.

He stated that the others were N125 billion conditional grant, financial inclusion to small and medium scale enterprises, and N25,000 each to be shared to 15 million households for three months.

According to him, the N185 billion palliative loans to states to cushion the effects of fuel subsidy removal and the N200 billion to support the cultivation of hectares of land to boost food production, should also be taken into consideration by organised labour.

READ ALSO  NDLEA recovers 230,900 Tramadol pills, uncovers skuchies coy in Ogun

The tripartite committee chairman said there was another N75 billion to strengthen the manufacturing sector and N1 trillion student loans for higher education. He also cited the release of 42,000 metric tonnes of grains from strategic reserves and the purchase and distribution of 60,000 metric tonnes of rice to the millers’ association.

Aji urged organised labour to consider the recent salary increase of 25 per cent and 35 per cent on all consolidated salary structures for federal workers and the 90 per cent subsidy on health costs for federal civil servants registered on the health insurance programme and accept the N62,000 being offered by the federal government.

He maintained that the light rail commissioned in Abuja was to relieve transportation costs until the end of the year, stating that it is a landmark achievement that would cushion the effect of the removal of fuel subsidy.

Aji said in addition to “the freedom of civil servants to engage in agriculture, the federal government has approved the inclusion of ICT services for alternate sources of income”.

He said the committee agreed that where major and small businesses were closing down with the consequent loss of jobs, the outcome of a new minimum wage should be such that it would not trigger further massive job losses.

He further said linking the strike due to electricity hikes with the wage determination was not fair to the negotiating parties.

Organised labour had demanded N250,000 as minimum wage per month. However, the federal government and Organised Private Sector (OPS) offered N62,000 per month.

READ ALSO  Minimum Wage: Consider economic realities, Tripartite Committee tells Organised Labour

Labour also faulted a recent statement by President Bola Tinubu during a meeting with some governors and members of the National Assembly on the occasion of the country’s 25th Democracy Day anniversary. Tinubu had said the government would only be able to pay its workers what the country could afford.

The president said, “Senate President, Deputy Senate President, you will get a notice from me if I have changed my mind on minimum wage. We are going to do it — what Nigeria can afford, what you can afford, what I can afford. They ask you to cut your coat according to your size if you have size at all.”

Organised labour began the minimum wage negotiation with a demand for over N615,000, which it later slashed to N250,000. But the federal government initially said it could only pay N48,000, an amount that was increased to N62,000, and now awaiting presidential decision.

Onuesoke accused labour of selfishness in their negotiation for minimum wage for workers.

The former Delta State governorship aspirant told journalists that organised labour had engaged in reckless agitation by trying to force the federal government to succumb to their terms.

He alleged that organised labour acted like politicians, stressing that their obnoxious demand would hurt the common man, who does not earn a salary or wage, and those in the private sector, including traders, artisans, and those in the rural areas, which constitute the largest labour force in the country.

Onuesoke stated that labour should review their demand by considering the plight of the larger percentage of Nigerians who were not on the payroll of government. He said this percentage constituted the largest population of the workforce in Nigeria compared to those working for the government, who were less than one per cent of the entire Nigerian population.

READ ALSO  On Father’s day, Tinubu, Obaseki hail Fathers for their resilience, sacrifice

The PDP chieftain stated that organised labour should have focused their agitation on how the federal government could reduce inflation and the prices of goods and services.

Onuesoke stated, “TUC and NLC are selfish. They are the same thing with the political leadership. They are agitating for the increment of their wage. What happens to the private sector, the traders, artisans and even the unemployed Nigerians roaming our streets? Who is going to increase their wages? They forget that once there is wage increase there will be hyperinflation.

“Why are they agitating for themselves salary increment, like the way our lawmakers are agitating for their own salaries and allowances increase? How many salary increases did they agitate for traders, private sector, artisans and the unemployed among others?

“I expected them to agitate on how the federal government can reduce inflation or how the prices of goods and services should be reduced, instead of agitating for wage increment for themselves alone at the expense of the larger population of Nigerians.”

Source: This Day

 

Continue Reading

News

On Father’s day, Tinubu, Obaseki hail Fathers for their resilience, sacrifice

Published

on

Tinubu wants direct elections into ECOWAS parliament

President Bola Tinubu and Governor Godwin Obaseki of Edo State have congratulated fathers, including all paternal figures for their contributions in shaping Nigeria’s destiny by their sacrifice, forbearance, provision, protection, presence, and guidance of the young ones to the noble and true path.

Tinubu, in a statement issued yesterday on the occasion of this year’s Father’s Day by his Media Adviser, Ajuri Ngelale, stressed that Father’s Day was significant for its purpose as a day set apart to honour all fathers – living, deceased, and paternal figures.

Tinubu traced the history of this special day to the Middle Ages, and official roots in West Virginia, the United States, where an event was held in 1908 to celebrate 362 men who died in an explosion at a coal mining company.

He affirmed that society is in better stead with fathers who rise to the great demand of responsibility, guiding the children through the vagaries of existence and preparing them for the future, as well as bequeathing to them pristine values that money or material comfort cannot provide, but only by personal example of discipline, integrity, service, respect, love and allegiance to the nation.

The president saluted all fathers, the sung and the unsung, who brave the toil of the day and the soreness of the night to provide for their families.

Tinubu urged fathers to stay true to their commitment to positively shape the destinies of those to whom the future belongs.

Meanwhile, Obaseki, has also commended fathers for their enormous responsibilities in holding the society and contributing to societal growth.

READ ALSO  Abayomi: Cholera strain in Lagos highly contagious — but cases now declining

The governor, in a statement to commemorate Father’s Day, said: “I celebrate fathers for their immense contributions to societal development, holding the family unit together amid the hardship occasioned by the prevailing economic realities.”
Obaseki noted: “Despite the economic difficulties, fathers have remained strong pillars of support in the family, toiling daily to make ends meet while juggling roles such as mentor, leader, protector, provider, and breadwinner. They deserve to be celebrated.

“On this auspicious day set aside to acknowledge their gallantry, sacrifice, love, and resilience, we celebrate our fathers and assure them of our continued support to deliver on their duties on the home front with dignity, including the State’s civil and service reforms and increase in the minimum wage to N70, 000, the highest in the country.”

“While we urge them, as the family’s reflective mirrors to imbue in their children the right values and character so as to ensure peace, stability, and harmony in our society, especially amid the electioneering campaigns, we will not relent at ongoing reforms to open up the economy so that our fathers would be actively engaged and are productive. Happy Fathers’ Day!” he added.

Source: THIS DAY

 

Continue Reading

News

No #EndSARS protesters in custody, police reply Shehu Sani

Published

on

No #EndSARS protesters in custody, police reply Shehu Sani

The Nigeria Police Force on Sunday said there are no #EndSARS protesters in any of its detention facilities.

At a dinner organised to mark 2024 Democracy Day on June 12, a former senator who represented Kaduna Central, Shehu Sani, urged President Bola Tinubu to pardon the #EndSARS protesters still in detention.

Responding to Sani’s comment in a statement on Sunday, the Force spokesperson, Muyiwa Adejobi, said, “Nobody is being wrongly persecuted for participating in the #EndSARS protest.

“The Nigeria Police Force categorically denies the recent allegations made by Senator Shehu Sani at the 2024 Democracy Day Dinner on June 12, 2024, at the Presidential Villa in Abuja, where the former senator falsely claimed that some young people have been detained since the 2020 #EndSARS protest.

“For emphasis, no one anywhere in Nigeria is under police detention or being wrongly persecuted for participating in the #EndSARS protest.

“The issues surrounding the protest have been debated, researched, and documented, and lessons have been learnt. We have forgiven ourselves and moved on.

“We urge the public to disregard this claim and remain assured of our commitment to upholding justice, the rule of law, and human rights.

“We encourage verifying information before making public statements to avoid harm and incitement.”

Source: The Punch

 

READ ALSO  NDLEA recovers 230,900 Tramadol pills, uncovers skuchies coy in Ogun
Continue Reading

Top Stories