News Wings

Tag: OON

  • Zenith Bank commemorates 2026 World Environment Day with Two-Phase Clean-Up Initiative in Lagos

    Zenith Bank commemorates 2026 World Environment Day with Two-Phase Clean-Up Initiative in Lagos

    In line with its commitment to environmental sustainability and responsible business practices, Zenith Bank Plc has commemorated the 2026 World Environment Day with a two-phase environmental clean-up initiative in Lagos State, held under the global theme “Inspired by Nature. For Climate. For Our Future.”

    The first phase was a morning clean-up conducted by staff of the Bank on Wednesday, 3 June 2026, along Ajose Adeogun Street, Victoria Island, Lagos. The exercise mobilised employees to clear waste, sensitise residents on proper disposal practices, and reinforce the Bank’s culture of community service and environmental stewardship.

    The second phase, on Thursday, 4 June 2026, featured a waterways clean-up at the Falomo Waterways, Ikoyi, Lagos, executed in collaboration with the Lagos Waste Management Authority (LAWMA) and the Lagos State Waterways Authority (LASWA). The joint effort focused on removing marine debris, promoting cleaner waterways, and supporting the State’s broader climate-resilience agenda.

    Speaking on the initiative, Dame Dr. Adaora Umeoji, OON, Group Managing Director/CEO of Zenith Bank Plc, said: “At Zenith Bank, sustainability is integral to how we operate. Clearing our streets and our waterways is a practical reminder that protecting the environment is a shared responsibility – and one we are proud to take up alongside LAWMA and LASWA. Through these exercises, we are taking deliberate action to preserve our communities, support climate action, and inspire others to act. Our operations will continue to align with global environmental standards as we build a more sustainable future for Nigeria and Africa.”

    Zenith Bank remains committed to embedding Environmental, Social and Governance (ESG) principles across its operations, investing in green initiatives, energy efficiency, and community-focused programmes. These efforts advance the United Nations Sustainable Development Goals – particularly SDG 7 (Affordable and Clean Energy), SDG 11 (Sustainable Cities and Communities) and SDG 13 (Climate Action). Sustainability remains an operational imperative across the Bank’s Nigerian base and its broader African, UK and European footprints.

  • Zenith Bank launches Côte D’Ivoire subsidiary today, Strengthens Francophone West Africa Presence

    Zenith Bank launches Côte D’Ivoire subsidiary today, Strengthens Francophone West Africa Presence

    Zenith Bank Plc has announced the opening of its Côte d’Ivoire subsidiary, marking a pivotal achievement in the Group’s Pan-African expansion strategy.

    The official opening ceremony, scheduled to hold on Wednesday, April 29, 2026, is expected to attract senior government officials and regulators from Nigeria and Côte d’Ivoire, continental business leaders, and members of the diplomatic community, highlighting the strategic economic ties and investment opportunities between the two markets.

    The new subsidiary, licensed in December 2025 by the Ministry of Finance and Budget, Republic of Côte d’Ivoire, and regulated by the UMOA Banking Commission, will commence operations from its headquarters at SCI Wall Street, Avenue Noguès, Plateau, Abidjan.

    The launch represents a strategic move to deepen the Bank’s presence in Francophone West Africa and strengthen financial intermediation within the West African Economic and Monetary Union (WAEMU). Positioned as a gateway for cross-border trade and investment, Zenith Bank Côte d’Ivoire will focus on corporate banking, trade finance, local and offshore banking services, and structured financial solutions tailored to businesses operating across Africa and internationally.

    Commenting on the launch, the Group Managing Director/CEO, Dame Dr. Adaora Umeoji, OON, said: “From the very beginning, our Founder and Chairman, Jim Ovia CFR, set out to build a truly global brand with a strong presence across Africa and key international markets. The launch of Zenith Bank Côte d’Ivoire is a bold step in realising that vision; opening a strategic corridor into Francophone West Africa and reinforcing our commitment to facilitating trade, investment, and enterprise growth across the continent. As we continue to expand thoughtfully and strategically, we remain focused on delivering world-class banking solutions that connect African businesses to global opportunities.”

    The new subsidiary will be headed by MD/CEO, Mr. Cédric Tano, a seasoned banking executive with over two decades of experience. Speaking ahead of the official opening, he said “We are proud to establish Zenith Bank’s presence in Côte d’Ivoire at a time of strong economic growth in the country and increasing regional integration. Our focus is to showcase the Zenith brand as a customer-centric institution that combines global best practices with deep local insight. We are well positioned to support businesses with innovative financing solutions, facilitate cross-border trade, and contribute meaningfully to the growth of the Ivorian economy and the wider WAEMU region.”

    The Côte d’Ivoire launch forms part of Zenith Bank’s broader continental growth strategy. In addition to the Anglophone countries where it currently operates, and in line with the expansion into the Francophone market, the Bank has commenced its entry process into the CEMAC (Central African Economic and Monetary Community) region, with Cameroon as the focal point.

    With a footprint already spanning Nigeria, Ghana, Sierra Leone, The Gambia, the United Kingdom, France, the UAE, and China, Zenith Bank continues to bridge African markets with global opportunities, enabling seamless trade and financial connectivity across the continent and beyond.

    Founded in 1990, Zenith Bank has grown into one of Africa’s most respected banking institutions, boasting a robust capital base and a consistent track record of strong financial performance. For 16 consecutive years, the Bank has held the record of highest Tier-1 capital in the Nigerian banking industry. Built on the foundation of People, Technology, and Service, Zenith Bank continues to deliver innovative financial solutions while maintaining a disciplined approach to growth and risk management. Its performance has earned it numerous local and international recognitions and endorsements.

  • Zenith Bank hosts 2026 International Women’s Day Seminar themed, “Take It, You Own It”

    Zenith Bank hosts 2026 International Women’s Day Seminar themed, “Take It, You Own It”

    Zenith Bank Plc will commemorate the 2026 International Women’s Day with a renewed call to purposeful action and leadership. As part of preparations to celebrate this significant occasion, the Bank is set to hold its annual International Women’s Day Seminar on Monday, March 9, 2026, at The Civic Centre, Victoria Island, Lagos.

    Aligned with the global theme ‘Give to Gain” which underscores the principle that sustainable progress is achieved when individuals and institutions invest intentionally in women, Zenith Bank’s 2026 IWD seminar is themed “Take It, You Own It.” The theme reflects the Bank’s belief that while institutions must give through enabling environments and equitable systems, women must also step forward to claim space, own their value, and lead with confidence. It is both an affirmation and a challenge: embrace opportunity, empower yourself and others, and take ownership of your growth journey.

    Building on the success of previous seminars, including the 2025 edition themed “Winning On All Fronts”, Zenith Bank’s 2026 programme is designed to deepen meaningful engagement around women’s empowerment, leadership, and sustainable impact. Over the years, the Bank’s International Women’s Day initiatives have brought together women leaders, professionals, entrepreneurs, and emerging talents for dynamic dialogue, inspiration, and shared learning around gender equity, professional growth, and inclusive opportunity.

    More than a commemorative gathering, the 2026 seminar is designed as a convergence of influence, insight, and inspiration, bringing together accomplished women and progressive leaders across business, governance, creative industries, technology, and social impact.

    Speaking ahead of the Seminar, the Group Managing Director/CEO, Dame Dr. Adaora Umeoji, OON, who will deliver the welcome address, said “The International Women’s Day is a reminder that progress requires intentionality. ‘Give to Gain’ speaks to the responsibility institutions have to create real opportunities, while our theme ‘Take It, You Own It’ challenges women to step forward boldly and lead. At

    Zenith Bank, we are deliberate about building environments where women are supported to grow, thrive, and shape outcomes, not only within our institution but across the communities and industries we serve.”

    The seminar will include segments focused on leadership insight, professional empowerment, wellbeing, and collaboration, offering attendees opportunities to engage deeply with thought leadership and practical strategies for advancing equity.

    With a carefully curated programme spanning keynote addresses, panel conversations, Q&A sessions, and creative interludes, Zenith Bank’s 2026 International Women’s Day Seminar promises to be a catalyst for meaningful action.

    Through its alignment with “Give to Gain” and its bold seminar theme, “Take It, You Own It,” Zenith Bank reaffirms its belief that when institutions give intentionally and women lead confidently, entire ecosystems rise. As conversations around inclusion continue to shape the future of business and society, the Bank remains resolute in its mission to foster platforms where women’s potential is recognised, amplified, and fully owned

  • Oniru Business Council: A Model of How Leadership Shapes Development Responsibly

    Oniru Business Council: A Model of How Leadership Shapes Development Responsibly

    Lagos State Governor, Babajide Sanwo-Olu, has described the Oniru Business and Cultural Day as a model of how leadership can responsibly shape development, while expressing profound appreciation to the Oniru for his gracious dedication and purposeful leadership.

    Governor Sanwo-Olu stated this during the business session of the formal inauguration of the Oniru Business Council and celebration of the Cultural Day held at Oniru palace, Iru, Victoria Island, Lagos on Saturday.

    Represented by the Deputy Governor, Dr. Obafemi Hamzat, Sanwo-Olu remarked that his administration, over the past years, has focused on strengthening the foundations of economic prosperity through the T.H.E.M.E.S+ development agenda, particularly as the nation approaches another electoral cycle when conversations about leadership, development, and the future of the economy naturally take centre stage.

    He said: “In Lagos, we have deliberately embraced the principle of an inclusive economy. The transformation of Oniru axis itself tells a powerful story. What was once largely residential and underdeveloped has become a prime destination for hospitality, real estate, commerce, and creative enterprise. This did not happen by chance. It is the product of strategic planning, strong collaboration with the traditional institution, and investor confidence in the stability of Lagos.

    “The Oniru Business and Cultural Day provides a model of how leadership can shape development responsibly. The Kabiyesi has shown that when traditional institutions provide stability and clarity of vision, investors respond positively. Communities grow. Culture becomes an asset and prosperity is shared. Your stewardship affirms a timeless truth that tradition and progress are not opposing forces; they are complementary pillars upon which enduring and sustainable development is built.”

    The Governor explained that through targeted programmes that support SMEs, digital entrepreneurship, the creative economy, and vocational training, his administration is expanding pathways to prosperity and ensuring that growth is broad-based, not concentrated in the hands of a few, while he assured the business community that Lagos will remain open for business, stable, and forward-looking even as the state approaches another election season.

    Commissioner for Commerce, Cooperatives, Trade and Investment, Mrs Folashade Bada-Ambrose, described Lagos as a State built on heritage, enterprise, innovation, and collaboration, with a traditional institutions that remains a vital pillar in shaping community-driven development, fostering investment confidence, and preserving the cultural identity that anchors sustainable progress.

    “The Oniru Business Network provides a platform for dialogue, alignment, and shared accountability because government cannot act in isolation. Traditional institutions cannot stand apart from economic transformation. The private sector cannot flourish without regulatory clarity and infrastructure support. When these pillars work together, progress becomes inevitable,” she said.

    Baba-Ambrose affirmed that the state continues to welcome investment across critical sectors including manufacturing, technology, agriculture value chains, renewable energy, the creative economy, and financial services; as it is committed to strengthening public-private partnerships to unlock infrastructure financing and improve competitiveness, including regulatory reforms that protect investors while safeguarding public interest.

    His Royal Majesty, Oba Abdulwasiu Omogbolahan Lawal, OON, the Oniru of Iru Kingdom, described the event as the institutional expression of a vision that has matured through years of reflection, consultation and deliberate engagement across his Kingdom.

    “Over the past five years, in my interactions with stakeholders within Iru land, one message has remained consistent and unmistakable; growth must be coordinated, dialogue must be structured, and prosperity must be inclusive. In every conversation, I hear the same aspiration. Our people desire development that benefits both host communities and investors and seek a system where opportunity expands without friction, where engagement replaces uncertainty and collaboration replaces isolation.

    “These recurring discussions point toward a clear solution: a partnership built on trust, engagement sustained by structure, and progress guided by accountability. That solution takes institutional form through the Oniru Business and Culture Day, guided by our enduring philosophy of Peace Through Partnership. We gather not merely to celebrate culture, but to create a platform where culture, commerce and community development reinforce one another,” he said.

  • Sen. George Akume, GCON to deliver keynote address at the 2025 CORFEPS Dinner in Abuja, Dec. 4

    Sen. George Akume, GCON to deliver keynote address at the 2025 CORFEPS Dinner in Abuja, Dec. 4

    The Secretary to the Government of the Federation (SGF), Senator George Akume, GCON is to deliver the keynote address at the 2025 CORFEPS End-of-the-Year Dinner and Honours Award in Abuja on December 4. Dr George Akume is the former Governor of Benue State and previously served as Minister for Special Duties. 

    The Council of Retired Federal Permanent Secretaries (CORFEPS) is set to host its 2025 End-of-Year Dinner and Honours Award Event at the State House Conference Centre Hall in Abuja on Thursday, 4th December 2025, scheduled to run from 6pm to 10pm.

    The theme for this year’s Annual Dinner is “Harnessing CORFEPS as a Wealth of Knowledge for Nation Building”. The dinner is typically accompanied by a Keynote Address on major contemporary issues in governance and national development.

    According to a statement released by the CORFEPS Chairman, Planning Committee- Dr Adaoha C. Okwuosa, OON: “This year marks a significant occasion as the CORFEPS National Executive has decided to institute a CORFEPS Honours Award. This special addition to the activities will kick-start with the honour and recognition of the Fathers and Founders of CORFEPS. These individuals are celebrated as the titans who provided support to the growth of the Federal Public Service as it is known today”.

    Distinguished Honourees and Attendees

    The event will particularly recognise past and living legends of the Civil Service, including Allison A. Ayida, Izoma Philip Asiodu, Francesca Emanuel, Alh. I. M. Damcida, Asiwaju Tunji Olutola, and Alhaja Latifat Okunnu, among others.

    “This year, the Keynote Speaker will be the Secretary to the Government of the Federation, Senator George Akume, GCON. The occasion will be chaired by the present Head of the Civil Service of the Federation, Dame Esther Didi Walson-Jack. Welcoming the guests will be the Host, M. Yayale Ahmed CFR, an eminent bureaucrat, former Head of the Civil Service of the Federation, former Secretary to the Government of the Federation, and former Minister of Defence. Also expected to be present is Engr. Ebele O. Okeke CFR, the First Female Head of the Civil Service of the Federation. Guests at the occasion will include members of the Federal Executive Council, Heads of Public Service Parastatals and Agencies, Captains of Industry, Retired and Serving Permanent Secretaries, Directors, and some Development Partners”, Dr. Akwuosa said.

    CORFEPS was established in Lagos in 2004 as an Association and was subsequently incorporated on 17 February 2012. It serves as a Body of Retired Civil Servants from the top echelon who are in a position to contribute to the nation, acting as a reservoir of public service experience and knowledge. The registration established its deliberative and advisory role. The Council’s motto is “Continuing Patriotic Service”, and its membership is restricted to persons who have attained the position of Federal Permanent Secretary or the Head of the Civil Service of the Federation and have retired.

    In keeping with its Constitution, CORFEPS has steadfastly remained a non-profit, non-religious and non-political Council. Its key objectives include:

     * Providing a forum for engaging in meaningful discourse on important and relevant issues of national development, including matters pertaining to the Public Service.

     * Drawing public attention to matters of desirable national living standards and standards of values, morality, performance and conduct.

     * Carrying out periodic objective assessment of the overall performance of the nation and giving constructive advice on key public policy issues.

     * Assisting in restoring and maintaining the proper role of the Civil Service as a non-partisan organ to serve the government and the nation.

     * Enhancing continuous interaction among Retired Federal Permanent Secretaries and promoting the welfare of members, as a means of inspiration for serving public servants.

    The Council seeks to achieve its objectives through a structure of Standing and Ad-Hoc Committees, such as the Research Committee, the Advisory Committee, and the Standing Committee on Members’ Welfare, which report to the Monthly Ordinary General Meeting (OGM). A key strategy involves well-organized annual seminars and colloquiums on topical and contemporary issues, as well as the articulation of Memoranda and Advisories dispatched to the Executive or Legislative arms of government.

    Under the present Administration, CORFEPS has transmitted several documents to the requisite arms of government in 2024 and 2025. To the Executive Arm of Government, these include a Memorandum on Strengthening the Renewed Agenda of the President Bola Ahmed Tinubu, GCFR (March 13, 2024), a Memorandum on Strengthening the Federal Government Food Security Agenda (August 26, 2024), and an Advisory on “Probable Deportation of Foreigners from the United States of America: Implications for Nigeria” (December 5, 2024). To the National Assembly, documents transmitted include a “Memorandum on Improvement of Nigeria’s Tax Bills” (January 23, 2025) and a “Memorandum for Constitutional Amendment” (July 21, 2025).

    Members Welfare

    With a strategy of well-organised annual seminars and colloquiums on topical and contemporary issues on governance and national development, CORFEPS leadership is constantly mindful of its stated goals. An additional method is the articulation of Memoranda and Advisories, which are dispatched to the Executive or the legislative arms of government as required. For instance, under the present Administration, CORFEPS had in 2024 and 2025 transmitted the following documents to the requisite arms of government:

    A. To the Executive Arm of Government:

    i.13th March, 2024 – Memorandum on Strengthening the Renewed Agenda of the President Bola Ahmed Tinubu, GCFR

    ii.26th August, 2024 – Memorandum on Strengthening the Federal Government Food Security Agenda

    iii.5th December, 2024 – Advisory on ‘’Probable Deportation of Foreigners from the United States of America: Implications for Nigeria’’.

    B. To the National Assembly:

    i.23rd January, 2025 – ‘’Memorandum on Improvement of Nigeria’s Tax Bills’’.

    ii.21st July, 2025 – ‘’Memorandum for Constitutional Amendment’’.

    The CORFEPS End-of-Year Event has usually been a dinner-only occasion for relaxed social interaction between CORFEPS families and stakeholders of CORFEPS from the Public Service and Private Sectors as well as Diplomatic Sector. The dinner is usually accompanied by a keynote address on major contemporary issues in governance and national development. This year, 2025, the CORFEPS National Executive has made a decision to institute a CORFEPS Honours Award. This special addition to the CORFEPS activities is being kick-started with the due honour and recognition of Fathers and Founders of CORFEPS at this equally special venue of the State House, Aso Villa Conference Centre.

    The dinner is traditionally a relaxed social occasion for interaction between CORFEPS families and stakeholders from the Public Service, Private, and Diplomatic Sectors.

  • Fidelity Bank Reaffirms Support for Indigenous Oil, Gas Development

    Fidelity Bank Reaffirms Support for Indigenous Oil, Gas Development

    Fidelity Bank Plc has restated its commitment to advancing Nigeria’s oil and gas industry, with a strong focus on supporting indigenous operators. This was highlighted by the bank’s Managing Director and Chief Executive Officer, Dr. Nneka Onyeali-Ikpe,OON, during a first oil presentation event for Emadeb Energy at Fidelity Place, the bank’s corporate headquarters in Lagos.

    At the event, Emadeb Energy’s Group Managing Director and Chief Executive Officer, Mr. Adebowale Olujimi, expressed appreciation for the bank’s role in enabling the company’s progress.

    “What makes Fidelity Bank unique is its willingness to take calculated risks. Many banks prefer to work with companies only after they have achieved first oil because they want already-established customers. Fidelity Bank reviewed our proposal thoroughly, including legal, technical, financial and character assessments. We met these requirements and that is why they supported us,” Olujimi said.

    Dr. Onyeali-Ikpe congratulated Emadeb Energy on its milestone and reaffirmed Fidelity Bank’s commitment to strengthening Nigeria’s energy sector.

    “At Fidelity Bank, we are dedicated to supporting indigenous companies in developing oil and gas assets that enhance energy security and promote sustainable growth. Our interventions include financing Nigeria’s first privately built and operated onshore crude export terminal in over 50 years, located at the Otakikpo Marginal Field in Rivers State.

    “We also led funding for the Pinnacle Oil and Gas Terminal in Lekki, Lagos, which improves petroleum product distribution and reduces costs. In addition, we part-financed the production of a 23,000-cubic-meter Liquefied Petroleum Gas carrier for Temile Development Company Limited, which supports cleaner energy use and strengthens local maritime participation,” she said.

    Emadeb Petroleum Exploration and Production Company Limited, operator of Petroleum Prospecting License (PPL) 236, recently achieved first oil from the Ibom Field, a milestone regarded as a significant breakthrough in Nigeria’s upstream sector.

    “Our next phase will be exciting. We plan to drill two additional wells and increase production to 12,000 barrels per day by the end of 2026. After that, we aim to expand our gas business and raise oil output to 30,000 barrels per day,” Olujimi added.

  • Zenith Bank Tech Fair 5.0 awards N140m to Hackathon winners

    Zenith Bank Tech Fair 5.0 awards N140m to Hackathon winners

    A total cash prize of ₦140 million has been awarded to ten (10) African innovators to scale their transformative solutions after a keenly contested hackathon and pitch session at the Fifth Edition of the Zenith Tech Fair, themed “Future Forward 5.0: Tech for Success – Innovate, Adapt, Accelerate”, which held on Thursday, November 20, 2025, at the Eko Convention Centre, Eko Hotels & Suites, Victoria Island, Lagos.

    A statement from the bank said the 2025 edition of the Zenith Tech Fair featured an expanded, dual-competition structure that included a high-stakes Hackathon for product development and a Startup Pitch Competition for early-stage ventures, and drew participation from thousands of developers, founders, and entrepreneurs across the continent.

    The prize money was shared among ten finalists who emerged from the over 2,000 contestants that took part in the Zecathon. In the hotly contested final, two major winners emerged, each receiving the top prize of ₦30 million. The winner of the Hackathon, Trust Loop, clinched first place for its innovative solution that delivers seamless digital KYC and liveness verification. Simultaneously, the winner of the Startup Pitch Competition, Cubbes Technologies Limited, secured the top spot for its revolutionary AI-powered EdTech platform that enhances learning and career readiness.

    The remaining eight (8) finalists across both categories were equally recognised, each receiving ₦10 million in non-dilutive funding. They include Venille Ltd, Sowota, FLOW, InvoPay, Zenith Intelliscore, The Very Hacked Men, Konfam and Zerax. All ten finalists will also be entitled to a six-week mentorship and incubation programme designed to help them grow and scale effectively, and this will run from December 2025 to February 2026.

    The Group Managing Director/CEO of Zenith Bank Plc, Dame Dr Adaora Umeoji, OON, in her welcome address, thanked the Founder & Chairman, Dr Jim Ovia, CFR, for the visionary foresight that led to the creation of the Zenith Tech Fair. Commenting on the Zecathon, she said, “Our theme this year, ‘Tech for Success: Innovate, Adapt, Accelerate’, is very timely. To appreciate its urgency, it helps to reflect on the speed of human progress. According to the Harvard Business Review, it took humanity millions of years to master fire, yet only 66 years to move from the first powered flight to landing on the moon. The lesson is simple – the next technological breakthrough will not take a lifetime. It will emerge sooner than we expect and could come from any one of you in this room today. We are confident that this Tech Fair will produce innovators who will change the world, and we stand ready to support you to turn your ideas into reality.”

    In his Goodwill Message, the Founder and Chairman of Zenith Bank Plc, Jim Ovia, CFR, said, “This fifth edition reflects our unwavering commitment to create value through technology, innovation, and talent development. My vision is to continue to empower the youth through technology, with the hope that one day we will produce the likes of Bill Gates, Steve Jobs and Jeff Bezos.”

    Whilst delivering his goodwill message, the Governor of Lagos State, His Excellency, Mr Babajide Sanwo-Olu, called for increased technological empowerment initiatives to provide youths with adequate opportunities needed to thrive in the digital future. He said, “What I see happening here every year are things that we in leadership need to connect with. This is an activation that can bring life and real conversation to the young, dynamic, innovative, and creative young people that we have in this country. By 2050, half of the youth population in the world will be in Africa, and even in Africa, they will be in Nigeria, and if they are in Nigeria, they will be somewhere in Lagos, and we need to be able to fish them out. We need to give them an opportunity and a space to fly. We want to make Lagos the human capital centre of the world, where Microsoft and Google will think of raising a million tech experts. That’s the kind of vision and opportunity we want to leave behind.”

    Hailed as a resounding success by participants, the Fair showcased cutting-edge demonstrations on the role of Generative AI, Agentic AI, and Cloud Computing in driving economic growth with Keynote addresses delivered by Sitoyo Lopokoiyit, Managing Director, M-PESA Africa; Jonas Kjellberg, Co-Creator, Skype and Dr. Shivagami Gugan, Chief Technologist for Middle East, Turkey and Africa, AWS.

    The event also featured goodwill messages by the National Commissioner, Nigeria Data Protection Commission, Dr. Vincent Olatunji, and the cably represented by the Head of Service, Niger State, Mr. Abubakar Sadiq Idris.

    Another key feature from the tech fair this year was the robust exclusive masterclasses delivered by global technology and consulting powerhouses: McKinsey & Company, Huawei, Check Point, and Microsoft. These sessions covered critical topics from cybersecurity to advanced cloud solutions and disruptive technologies, equipping participants with world-class insights.

    Aside from the thrilling musical performance by Nigerian musician Spyro, the fair also featured dual-panel sessions that were very insightful and highly interactive. The panel sessions both had Zain Asher, CNN Anchor, as host, and featured high-level discussants including Adaora Nwodo, Founder & Executive Director, NexaScale; Aisha Tofa, Board Chair, Startup Kano Centre for Innovation Dev.; David Kpakima, CoFounder, Rasab Group, Sierra Leone; Dr Stanley Jacob, President, FINTECHNGR; Iyinoluwa S. Aboyeji, CEO Future Africa; Gary Fowler, CEO & Founder GSD Venture Studios; Bradwin Roper, Chief Payments & Partnerships Officer at JUMO, and Mrs. Omoyemen A. Jide Samuel, Director, Information Technology, CBN.

    Zenith Bank remains committed to fostering an ecosystem where innovation thrives, ensuring that the next generation of African tech leaders have the capital, mentorship, and resources required to achieve global scalability and impact.

    The Bank’s track record of excellent performance has continued to earn the brand numerous awards, including being recognised as the Number One Bank in Nigeria by Tier-1 Capital for the sixteenth consecutive year in the 2025 Top 1000 World Banks Ranking, published by The Banker and “Nigeria’s Best Bank” at the Euromoney Awards for Excellence 2025.

    The Bank was also awarded Bank of the Year (Nigeria) in The Banker’s Bank of the Year Awards for 2020, 2022 and 2024; Best Bank in Nigeria from 2020 to 2022, 2024 and 2025, in the Global Finance World’s Best Banks Awards; Best Bank for Digital Solutions in Nigeria in the Euromoney Awards 2023; and was listed in the World Finance Top 100 Global Companies in 2023.

    Further recognitions include Best Commercial Bank, Nigeria for five consecutive years from 2021 to 2025 in the World Finance Banking Awards and Most Sustainable Bank, Nigeria in the International Banker 2023 and 2024 Banking Awards.

    Additionally, Zenith Bank has been acknowledged as the Best Corporate Governance Bank, Nigeria, in the World Finance Corporate Governance Awards for four consecutive years from 2022 to 2025 and ‘Best in Corporate Governance’ Financial Services’ Africa for four consecutive years from 2020 to 2023 by the Ethical Boardroom.

    The Bank’s commitment to excellence led to Zenith being also named the Most Valuable Banking Brand in Nigeria in The Banker’s Top 500 Banking Brands for 2020 and 2021, Bank of the Year 2023 to 2025 at the BusinessDay Banks and Other Financial Institutions (BAFI) Awards, and Retail Bank of the Year for three consecutive years from 2020 to 2022 and 2024 to 2025.

    The Bank also received the accolades of Best Commercial Bank, Nigeria and Best Innovation in Retail Banking, Nigeria, in the International Banker 2022 Banking Awards, Bank of the Year 2024 by ThisDay Newspaper; Bank of the Year 2024 by New Telegraph Newspaper; and Best in MSME Trade Finance, 2023 by Nairametrics. The Bank’s Hybrid Offer was also adjudged ‘Rights Issue/ Public Offer of the Year at the Nairametrics Capital Market Choice Awards 2025.

    Zenith Bank has also bagged several non-financial awards, including Most Responsible Organisation in Africa, Best Company in Transparency and Reporting and Best Company in Gender Equality and Women Empowerment at the SERAS CSR Awards Africa 2024.

  • CNN celebrates 25 years of Inside Africa with gala premiere screening in Lagos, in partnership with long-term sponsor Zenith Bank

    CNN celebrates 25 years of Inside Africa with gala premiere screening in Lagos, in partnership with long-term sponsor Zenith Bank

    CNN International marked the 25-year milestone of its longest-running feature series Inside Africa by holding a world premiere of the show’s anniversary episode at a gala event with long-term sponsor Zenith Bank in Lagos on 21 November.

    The event celebrated the continued mission of Inside Africa, which tells the stories of innovators, entrepreneurs, tech trailblazers, and artistic visionaries shaping the future of the African continent and beyond. First broadcast in 2000, Inside Africa now airs across TV, digital, and social media platforms to connect with and inspire global audiences.

    The 25th anniversary event was held at the Sky Restaurant, Eko Hotel in Lagos. It featured remarks from Phil Nelson, Executive Vice President of CNN International Commercial (CNNIC) Jim Ovia CFR, Founder and Chairman of Zenith Bank, and CNN Anchor Zain Asher, who alsospoke to Zenith Bank Group Managing Director and CEO Dame Dr. Adaora Umeoji, OON about the future of African banking and how Inside Africa has amplified the continent’s stories.

    The event featured a premiere screening of the special anniversary episode of the series celebrating this 25-year milestone, ahead of its airing on CNN International on November 22nd. The episode showcases an interview with Academy Award-winning actress Lupita Nyong’o and Grammy Award-winning singer-songwriter Angélique Kidjo, filmed at the newly reimagined Michael C. Rockefeller Wing at the Metropolitan Museum of Art in New York City.

    Phil Nelson, Executive Vice President, CNNIC, said of the event, “It was a great pleasure to be in Lagos to celebrate the success of CNN’s longest-running feature series. Inside Africa is a key pillar of CNN’s commitment to telling Africa’s stories, and I’m pleased to be continuing to work with our partners at Zenith Bank on the future of the show.”

    Ellana Lee, Group Senior Vice President, GM APAC, and Global Head of Productions at CNN, added, “Over the past 25 years, Inside Africa has evolved alongside the continent it covers, continually finding new ways to highlight Africa’s ingenuity and vibrancy. This impressive milestone, and every episode over the last quarter of a century, are a testament to the hard work and dedication of the producers, writers, editors, and photojournalists who bring this esteemed show to CNN’s global audience.”

    Dame Dr. Adaora Umeoji, OON, Group Managing Director and Chief Executive of Zenith Bank Plc, noted that, “Zenith Bank is proud to partner with CNN International to celebrate 25 years of Inside Africa, a testament to the power of storytelling and innovation in shaping Africa’s narrative. As a bank, we are committed to supporting initiatives that promote Africa’s growth and development, and we are delighted that Inside Africa has become a beacon of inspiration for entrepreneurs, innovators, and leaders across the continent.”

    marked the 25-year milestone of its longest-running feature series Inside Africa by holding a world premiere of the show’s anniversary episode at a gala event with long-term sponsor Zenith Bank in Lagos on 21 November.

    The event celebrated the continued mission of Inside Africa, which tells the stories of innovators, entrepreneurs, tech trailblazers, and artistic visionaries shaping the future of the African continent and beyond. First broadcast in 2000, Inside Africa now airs across TV, digital, and social media platforms to connect with and inspire global audiences.

    The 25th anniversary event was held at the Sky Restaurant, Eko Hotel in Lagos. It featured remarks from Phil Nelson, Executive Vice President of CNN International Commercial (CNNIC) Jim Ovia CFR, Founder and Chairman of Zenith Bank, and CNN Anchor Zain Asher, who alsospoke to Zenith Bank Group Managing Director and CEO Dame Dr. Adaora Umeoji, OON about the future of African banking and how Inside Africa has amplified the continent’s stories.

    The event featured a premiere screening of the special anniversary episode of the series celebrating this 25-year milestone, ahead of its airing on CNN International on November 22nd. The episode showcases an interview with Academy Award-winning actress Lupita Nyong’o and Grammy Award-winning singer-songwriter Angélique Kidjo, filmed at the newly reimagined Michael C. Rockefeller Wing at the Metropolitan Museum of Art in New York City.

    Phil Nelson, Executive Vice President, CNNIC, said of the event, “It was a great pleasure to be in Lagos to celebrate the success of CNN’s longest-running feature series. Inside Africa is a key pillar of CNN’s commitment to telling Africa’s stories, and I’m pleased to be continuing to work with our partners at Zenith Bank on the future of the show.”

    Ellana Lee,Group Senior Vice President, GM APAC, and Global Head of Productions at CNN, added, “Over the past 25 years, Inside Africa has evolved alongside the continent it covers, continually finding new ways to highlight Africa’s ingenuity and vibrancy. This impressive milestone, and every episode over the last quarter of a century, are a testament to the hard work and dedication of the producers, writers, editors, and photojournalists who bring this esteemed show to CNN’s global audience.”

    Dame Dr. Adaora Umeoji, OON,Group Managing Director and Chief Executive of Zenith Bank Plc, noted that, “Zenith Bank is proud to partner with CNN International to celebrate 25 years of Inside Africa, a testament to the power of storytelling and innovation in shaping Africa’s narrative. As a bank, we are committed to supporting initiatives that promote Africa’s growth and development, and we are delighted that Inside Africa has become a beacon of inspiration for entrepreneurs, innovators, and leaders across the continent.”

  • Zenith Bank’s Earnings surge 16% to N3.4TN, as PBT hits N917.4BN in Q3 2025

    Zenith Bank’s Earnings surge 16% to N3.4TN, as PBT hits N917.4BN in Q3 2025

    Zenith Bank Plc has released its unaudited financial results for the nine months ended 30 September 2025, with a remarkable 16% year-on-year growth in gross earnings from N2.9 trillion recorded in Q3 2024 to N3.4 trillion in Q3 2025. The Group’s performance continues to demonstrate resilience, strong momentum, disciplined execution and an ability to deliver long-term shareholder value in spite of challenging macroeconomic environment.

    According to the financial results presented to the Nigerian Exchange (NGX), the growth in gross earnings was driven by a sustained growth in interest income which grew by 41% year-on-year to N2.7 trillion. The growth in interest income was supported by a high-yield rate environment and an expansion in the Bank’s investment portfolio. Despite the increase in interest expense by 22% to N814 billion on the back of a tightening monetary cycle and a growth in the Bank’s funding base, the Bank was able to achieve a healthy Net Interest Margin (NIM) of 12% as against 10% in September 2024. Non-interest income declined by 38% to N535 billion, underpinned by a 60% decline in trading gains.

    Profitability remained strong, with profit before tax at N917 billion as against N1.00 trillion reported in September 2024. Profit after tax also declined by 8% to N764 billion and Earnings Per Share (EPS) came in at N18.60 as against N26.34 in September 2024, as the Bank took bold measures to improve the quality of its loan portfolio.

    The Bank’s total assets grew by 4% from N30 trillion in December 2024 to N31 trillion as at September 2025. This was largely supported by customer deposits, which rose by 8% to N23.7 trillion within the same period. Gross loans declined by 9% to N10 trillion as at September 2025, while Non-Performing Loan (NPL) ratio improved to 3% due to the write-off of non-performing loans.

    Return on Average Equity (ROAE) and Return on Average Assets (ROAA) stood at 23.3% and 3.3% respectively. Cost of funds increased to 4.5%, underscored by the broader elevated interest rate environment. The Group’s cost of risk stood at 10% while cost-to-income ratio rose to 45%.

    Coverage ratio and liquidity ratio remain solid and well within regulatory limits at 211.1% and 53% respectively. This highlights the Bank’s strong capital position and liquidity profile as well as its ability to fund strategic growth opportunities. It also reflects its unwavering commitment to a prudent risk management, compliance and corporate governance culture.

    Commenting on the results, the Group Managing Director/CEO, Dame Dr Adaora Umeoji, OON, said: “The Bank’s robust performance is an attestation to the resilience of the Zenith brand, result-driven strategy, and the adaptability of our people in an evolving operating environment. We have fortified our capital base, reset our asset quality, and are well positioned for sustainable and profitable growth”.

    Looking to Q4 2025, Dame Dr. Umeoji reinforced her optimistic outlook: “This result confirms the resilience of both our business model and our people. We’re on a solid growth path that we expect to maintain through the remainder of the year. Our focus on innovation, digital transformation, and developing solutions that address our clients’ changing needs positions us to capitalise on emerging opportunities whilst maintaining our disciplined approach to growth.” She assured shareholders that the robust performance, combined with improved asset quality and the Bank’s strong capital base, positions Zenith Bank to deliver exceptional returns with expectations of sustained value creation. “We’re well placed to sustain this momentum whilst maintaining responsible leadership in the Nigerian banking industry and delivering exceptional value to all our stakeholders.”

    The Bank’s track record of excellent performance has continued to earn the brand numerous awards, including being recognised as the Number One Bank in Nigeria by Tier-1 Capital for the sixteenth consecutive year in the 2025 Top 1000 World Banks Ranking, published by The Banker and “Nigeria’s Best Bank” at the Euromoney Awards for Excellence 2025. The Bank was also awarded Bank of the Year (Nigeria) in The Banker’s Bank of the Year Awards for 2020, 2022 and 2024; Best Bank in Nigeria from 2020 to 2022, 2024 and 2025, in the Global Finance World’s Best Banks Awards; Best Bank for Digital Solutions in Nigeria in the Euromoney Awards 2023; and was listed in the World Finance Top 100 Global Companies in 2023.

    Further recognitions include Best Commercial Bank, Nigeria for five consecutive years from 2021 to 2025 in the World Finance Banking Awards and Most Sustainable Bank, Nigeria in the International Banker 2023 and 2024 Banking Awards. Additionally, Zenith Bank has been acknowledged as the Best Corporate Governance Bank, Nigeria, in the World Finance Corporate Governance Awards for four consecutive years from 2022 to 2025 and ‘Best in Corporate Governance’ Financial Services’ Africa for four consecutive years from 2020 to 2023 by the Ethical Boardroom.

    The Bank’s commitment to excellence led to Zenith being also being named the Most Valuable Banking Brand in Nigeria in The Banker’s Top 500 Banking Brands for 2020 and 2021, Bank of the Year 2023 to 2025 at the BusinessDay Banks and Other Financial Institutions (BAFI) Awards, and Retail Bank of the Year for three consecutive years from 2020 to 2022 and 2024 to 2025. The Bank also received the accolades of Best Commercial Bank, Nigeria and Best Innovation in Retail Banking, Nigeria, in the International Banker 2022 Banking Awards, Bank of the Year 2024 by ThisDay Newspaper; Bank of the Year 2024 by New Telegraph Newspaper; and Best in MSME Trade Finance, 2023 by Nairametrics. The Bank’s Hybrid Offer was also adjudged ‘Rights Issue/ Public Offer of the Year at the Nairametrics Capital Market Choice Awards 2025.

    Zenith Bank has also bagged several non-financial awards including, Most Responsible Organisation in Africa, Best Company in Transparency and Reporting and Best Company in Gender Equality and Women Empowerment at the SERAS CSR Awards Africa 2024.

  • Fidelity Bank Hails Air Peace on Maiden Heathrow Flight

    Fidelity Bank Hails Air Peace on Maiden Heathrow Flight

    Leading financial institution, Fidelity Bank Plc, has commended Air Peace for its historic inaugural direct flight from Abuja to London Heathrow, describing the milestone as a bold testament to Nigerian excellence in global aviation.

    The Managing Director and Chief Executive Officer of Fidelity Bank Plc, Dr. Nneka Onyeali-Ikpe,OON in a statement issued following the launch, praised Air Peace for its resilience and vision. The MD noted that the airline’s expansion into the prestigious Heathrow route reflects the strength of indigenous enterprise and the growing confidence in Nigeria’s aviation sector.

    “We warmly congratulate Air Peace on the launch of its direct flights between Abuja and London Heathrow. This remarkable achievement marks another significant milestone in Air Peace’s journey and reflects its unwavering commitment to advancing the Nigerian aviation industry.

    “Fidelity Bank is honoured to have been a trusted partner to Air Peace since it began operations 11 years ago. Our relationship has been built on shared values, strategic collaboration and a deep commitment to national progress. Today’s success is not only a triumph for Air Peace, it is a proud moment for Nigeria.

    “We celebrate the Chairman and CEO of Air Peace, Dr Allen Onyema, his dedicated team and all Nigerians who share in this achievement”, said Onyeali-Ikpe.

    The bank’s chief executive further highlighted Fidelity Bank’s longstanding role as a financial partner to key players in the aviation industry, reaffirming its position as a market leader in aviation financing and support services.

    “Our partnership with Air Peace reflects our belief in the potential of Nigerian businesses to compete and thrive on the global stage. We have consistently backed the airline’s growth ambitions and will continue to do so as it opens new routes,” the MD added.

    The MD also extended congratulations to the Minister of Aviation and Aerospace Development, Festus Keyamo, for his proactive support of local operators. “The Honourable Minister’s efforts to create an enabling environment for indigenous airlines are yielding tangible results. This Heathrow route launch is a clear example of what is possible when government and private sector work together,” the MD stated.

    Air Peace’s new Abuja–London Heathrow route marks its second direct flight service to the United Kingdom, following the successful launch of the Lagos–London route earlier in the year. The development is expected to boost connectivity, reduce travel costs and enhance Nigeria’s presence in international aviation.

    Ranked among the best banks in Nigeria, Fidelity Bank Plc is a full-fledged Commercial Deposit Money Bank serving over 9.1 million customers through digital banking channels, its 255 business offices in Nigeria and United Kingdom subsidiary, FidBank UK Limited.

    The Bank is the recipient of multiple local and international Awards, including the 2024 Excellence in Digital Transformation & MSME Banking Award by BusinessDay Banks and Financial Institutions (BAFI) Awards; the 2024 Most Innovative Mobile Banking Application award for its Fidelity Mobile App by Global Business Outlook, and the 2024 Most Innovative Investment Banking Service Provider award by Global Brands Magazine. Additionally, the Bank was recognized as the Best Bank for SMEs in Nigeria by the Euromoney Awards for Excellence and as the Export Financing Bank of the Year by the BusinessDay Banks and Financial Institutions (BAFI) Awards.

  • Fidelity Bags awards for Best Export and Trade Support and Innovation

    Fidelity Bags awards for Best Export and Trade Support and Innovation

    Fidelity Bank’s market leadership has been affirmed once again as the tier-one lender bagged double honours at the BusinessDay Bank and Other Financial Institutions’(BAFI) Awards 2025.

    At the awards ceremony, which was held at the Lagos Continental Hotel, Victoria Island, Lagos on Saturday, 11 October 2025, Fidelity Bank was presented with the awards for the “Best Bank for Export & Trade Finance” and “Most Innovative Bank of the Year”.

    Dedicating the Export and Trade Finance Award to its customers, the Managing Director/Chief Executive Officer, Fidelity Bank Plc, Dr Nneka Onyeali-Ikpe,OON, who was represented by the Executive Director/Chief Operations and Information Officer, Stanley Amuchie, said, “This recognition underscores our unwavering commitment to promoting non-oil exports and supporting Nigerian businesses to compete globally through initiatives such as the Fidelity International Trade & Creative Connect (FNITCC) and the Export Management Programme (EMP).

    “I dedicate this award to all our exporters who continue to showcase the best of Nigeria to the world, our loyal customers, and our partners for their steadfast support.”

    The BAFI Awards is the benchmark of distinction for institutions in the Nigerian financial services sector. Now in its 12th year, the awards recognise and celebrate organisations that are excelling in the delivery of financial services in Nigeria. The award acknowledges organisations demonstrating leadership, vision and impact in driving Nigeria’s growth trajectory.

    Fidelity Bank’s recent recognition is attributed to significant accomplishments over the past twelve months. Notable milestones include the inauguration of the first privately constructed onshore oil export terminal in Nigeria in fifty years at the Otakikpo Marginal Field, which was funded by Fidelity Bank and commissioned by President Bola Ahmed Tinubu last week. Additionally, the Bank launched the Fidelity SME Hub, a multipurpose facility designed to support small businesses through innovation, collaboration, and capacity-building initiatives.

    Furthermore, Fidelity Bank organized the third edition of the Fidelity Nigeria International Trade & Creative Connect (FNITCC) in Atlanta, Georgia, USA, in September 2025. This event provided local businesses with opportunities to engage in deal rooms with U.S. buyers, including prominent retailers such as Walmart and Target, fostering potential partnerships.

    “The innovation award is a special one for us as it validates our continued drive to enhance operational efficiency, elevate customer experience, and strengthen business performance. We sincerely appreciate BusinessDay Media for this recognition and reaffirm our commitment to introducing more impactful innovations that empower our customers and advance the Nigerian financial services industry”, commented Amuchie.

  • Zenith Bank Marks Successful Public Offer and Achievement of CBN Recapitalization at NGX

    Zenith Bank Marks Successful Public Offer and Achievement of CBN Recapitalization at NGX

    Zenith Bank Plc yesterday marked a significant milestone with a Closing Gong Ceremony at the Nigerian Exchange (NGX), celebrating the successful conclusion of its public offer and the achievement of the Central Bank of Nigeria’s (CBN) recapitalization target.

    The Bank’s recently concluded public offer, which was heavily oversubscribed, contributed ₦350.46 billion to its total capital raise, bringing its capital base to ₦614.65 billion. This positions Zenith Bank comfortably above the ₦500 billion regulatory threshold for banks with international authorization and underscores the strong confidence investors continue to place in the institution’s leadership, performance, and growth strategy.

    Speaking at the ceremony, Dr. Emomotimi Agama, Director-General of the Securities and Exchange Commission (SEC), commended the success of the offer, describing it as a reflection of the market’s strength and integrity. “This capital raise demonstrates the robust capacity of our markets. It’s a clear signal that with sound fundamentals and transparency, Nigeria can efficiently mobilize capital for growth,” he said.

    Also speaking, Alhaji (Dr.) Umaru Kwairanga, Group Chairman of Nigerian Exchange Group (NGX Group), described the milestone as “a testament to strong leadership and a win for our capital markets,” adding that “Zenith Bank’s achievement solidifies its position as a pillar of the financial sector and underscores the market’s faith in its future.”

    In his remarks, Temi Popoola, Group Managing Director/Chief Executive Officer of NGX Group, highlighted the role of innovation in driving the success of the offer. “The oversubscription of Zenith Bank’s offer is a direct result of innovation and collaboration. Our NGX Invest platform was instrumental in broadening access, onboarding a new generation of investors, and deepening market participation,” he stated.

    Reflecting on the achievement, Dr. Jim Ovia, CFR, Founder and Chairman of Zenith Bank Plc, expressed gratitude to the investing public for their trust and support. “This successful capital raise, which secures our regulatory standing, is a vote of confidence in our legacy and our future growth trajectory,” he said.

    Dame (Dr.) Adaora Umeoji, OON, Group Managing Director/Chief Executive Officer of Zenith Bank Plc, described the accomplishment as both a regulatory milestone and a springboard for sustainable growth. She also acknowledged the role of NGX Invest as a vital enabler in achieving the Bank’s goals. “Reaching a capital base exceeding ₦600 billion is not just a compliance achievement; it’s a foundation for the future. Through platforms like NGX Invest, which expanded access and simplified participation, we were able to reach a broader pool of investors. This underscores how innovation within our market ecosystem can drive inclusivity and accelerate growth,” she stated.

    The Closing Gong Ceremony symbolized the beginning of a new chapter for Zenith Bank, one defined by strengthened capacity, innovation, and renewed investor confidence. It also underscored the productive collaboration between the Bank, regulators, and the exchange group in fostering a resilient and dynamic capital market in Nigeria

  • Zedcrest GMD Charges Businesses, Organisations on Stronger Ethical Governance for Sustainable Growth

    Zedcrest GMD Charges Businesses, Organisations on Stronger Ethical Governance for Sustainable Growth

    As Nigeria continues to navigate the novelty and uncertainty of an increasingly disrupted world, businesses, regulators, and other key stakeholders have been charged to adopt and prioritise ethical leadership and governance systems within their organisations to ensure long-term success.

    The Group Managing Director, Zedcrest Group, Adedayo Amzat, CFA, made this call while fielding questions from journalists at the 20th Anniversary Corporate Governance Conference of the Society for Corporate Governance Nigeria (SCGN), held in Lagos.

    At the conference, Amzat moderated a high-level panel session on the theme: “Strengthening Ethical Governance in a Disrupted World: Reflections of Governance Journey for a Sustainable Future,” featuring distinguished speakers including the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele; Director, Nigeria Credit Guarantee Company (NCGC), Yeside Kazeem; Chairperson, Coronation Life Assurance Limited, Susanne Iroche; and CEO, LeadRight Consultant, South Africa, Kim Andersen.

    According to Amzat, to guarantee longevity, profitability, and overall success, ethical governance must serve as the beacon that guides decision-making at all levels of a business or organization. “When it comes to choosing between ethical governance and the immediate profit objectives of companies, the balance should tilt towards the former, because ethical governance is about purpose, and purpose guarantees profit in the long term. When a company focuses solely on profit, it is usually short-term. If you pursue profit without governance, you risk collapse in the long term.”

    The Zedcrest boss further emphasized that boards and businesses must move beyond viewing ethical governance as a mere checklist item and instead, take proactive steps to ensure it is deeply embedded in the conscience of their organizations.

    In her keynote address, former Minister of Communication Technology, Dr. Omobola Johnson, highlighted the sustained impact of the COVID-19 pandemic, climate change, the abrupt end of the country’s fuel subsidy regime, foreign exchange fluctuations, and the increasing adoption of artificial intelligence (AI) as some key indicators of a rapidly evolving and disrupted world.

    “The definition of success has now evolved and boards are challenged to find a wider-range of factors that indicate their companies resilience, and ability to thrive which means going beyond traditional financial metrics like profitability and shareholder value, to include sustainability and ESG, employee engagement and retention, ethical deployment of technology and cyber resilience.” She said.

    Dr. Omobola Johnson also stressed that with the growing adoption of Artificial Intelligence, boards must ensure that the company’s pursuit of productivity does not come at the expense of its people. “With the advent of AI, Large Language Models (LLMs) and Agentic AI, which are reducing the need for human involvement in many tasks, the drive for productivity and better financial performance through a reduction of humans in the workforce is very compelling. As AI drives the quest for efficiency, the board’s role shifts from merely monitoring financial performance targets to being the ethical compass of the organization. Clear, ethical and appropriate guardrails must be established for AI deployment.”

    While delivering his welcome address, the President and Board Chairman of the Society for Corporate Governance Nigeria (SCGN), Muhammad K. Ahmad, OON, described the conference as a platform for the Society’s fellows, members, partners, and the general public to reflect on the governance journey so far and to chart a course for the future. He described the theme of the conference as particularly significant as it highlights the ethical dimensions of the roles of directors, members, and chairpersons of various boards in building enduring institutions in an ever-changing, disruptive world.

    Mr. Ahmad further urged decision-makers to uphold the values of transparency, integrity, fairness, and accountability by consistently choosing to do what is right rather than taking the easy way out.

  • Zenith Bank signals Strong Full-Year Outlook with N51.3 billion Interim Dividend Payout

    Zenith Bank signals Strong Full-Year Outlook with N51.3 billion Interim Dividend Payout

    Zenith Bank Plc, on Friday, October 10, 2025, made good on its promise as it paid a total interim dividend of N51.3 billion to its shareholders for the Half Year (H1) 2025, at N1.25 per share. This significant payout represents over 60% increase from the N31.4 billion paid in H1 2024, demonstrating the bank’s commitment and enhanced capacity to continually generate value for its shareholders amidst a challenging macroeconomic environment.

    The dividend payment comes on the heels of the bank’s audited financial results for the half-year ended June 30, 2025, released to the Nigerian Exchange (NGX) in September 2025, which showcased a robust financial position and growth trajectory.

    Commenting on the dividend payout, the Group Managing Director/CEO, Dame Dr. Adaora Umeoji, OON, said, “We are pleased to have paid this significant interim dividend to our valued shareholders. Our half-year results underscore our resilience and commitment to our stakeholders. Based on the momentum achieved in H1, we are confident in our full-year outlook and expect to exceed shareholders’ expectations by year end.”

    The substantial dividend payout reflects exceptional underlying performance as the Bank recorded a robust 20% year-on-year increase in gross earnings, rising from N2.1 trillion to N2.5 trillion in H1 2025. Interest income drove this performance with an impressive 60% growth, climbing from N1.1 trillion to N1.8 trillion. The Bank achieved this impressive increase in interest income through strategic repricing of risk assets and effective treasury management.

    The Bank’s total assets also expanded to N31 trillion in June 2025, representing steady growth from N30 trillion in December 2024, underpinned by a robust and well-structured balance sheet. Customer confidence remained strong, with deposits growing by 7% from N22 trillion to N23 trillion in June 2025.

    Zenith Bank’s shareholders can be assured of the bank’s continued focus on delivering exceptional value and growth, driven by its strong financial fundamentals and strategic initiatives.

    The Bank’s track record of excellent performance has continued to earn the brand numerous awards, including being recognised as the Number One Bank in Nigeria by Tier-1 Capital for the sixteenth consecutive year in the 2025 Top 1000 World Banks Ranking, published by The Banker and “Nigeria’s Best Bank” at the Euromoney Awards for Excellence 2025. The Bank was also awarded Bank of the Year (Nigeria) in The Banker’s Bank of the Year Awards for 2020, 2022 and 2024; Best Bank in Nigeria from 2020 to 2022, 2024 and 2025, in the Global Finance World’s Best Banks Awards; Best Bank for Digital Solutions in Nigeria in the Euromoney Awards 2023; and was listed in the World Finance Top 100 Global Companies in 2023.

    Further recognitions include Best Commercial Bank, Nigeria for five consecutive years from 2021 to 2025 in the World Finance Banking Awards and Most Sustainable Bank, Nigeria in the International Banker 2023 and 2024 Banking Awards. Additionally, Zenith Bank has been acknowledged as the Best Corporate Governance Bank, Nigeria, in the World Finance Corporate Governance Awards for four consecutive years from 2022 to 2025 and ‘Best in Corporate Governance’ Financial Services’ Africa for four consecutive years from 2020 to 2023 by the Ethical Boardroom.

    The Bank’s commitment to excellence saw it being named the Most Valuable Banking Brand in Nigeria in The Banker’s Top 500 Banking Brands for 2020 and 2021, Bank of the Year 2023 to 2025 at the BusinessDay Banks and Other Financial Institutions (BAFI) Awards, and Retail Bank of the Year for three consecutive years from 2020 to 2022 and 2024 to 2025 at the BAFI Awards. The Bank also received the accolades of Best Commercial Bank, Nigeria and Best Innovation in Retail Banking, Nigeria, in the International Banker 2022 Banking Awards.

    Zenith Bank was also named Most Responsible Organisation in Africa, Best Company in Transparency and Reporting and Best Company in Gender Equality and Women Empowerment at the SERAS CSR Awards Africa 2024; Bank of the Year 2024 by ThisDay Newspaper; Bank of the Year 2024 by New Telegraph Newspaper; and Best in MSME Trade Finance, 2023 by Nairametrics. The Bank’s Hybrid Offer was also adjudged ‘Rights Issue/ Public Offer of the Year’ at the Nairametrics Capital Market Choice Awards 2025.

  • LASG, Afreximbank Train 253 Export Ready Entrepreneurs, Unveil 20 Trade Champions to IATF Algiers 2025

    LASG, Afreximbank Train 253 Export Ready Entrepreneurs, Unveil 20 Trade Champions to IATF Algiers 2025

    Lagos State Government has successfully trained 253 Small and Medium Enterprises under its Lagos State Export Readiness Program, LASERP. It unveiled 20 outstanding Trade Champions to represent the State and showcase the best Made in Lagos products in the Lagos Pavilion to be hosted at the Intra African Trade Fair, IATF, in Algiers in September.

    Governor Babajide Sanwo-Olu described the unveiling as a new chapter in the story of Lagos enterprise at the graduation and closing ceremony of the programme held in Lagos on Friday.

    Represented by his Special Adviser on Works, Dr. Adekunle Olayinka, the Governor remarked that the gathering was not merely to close a training programme; but to celebrate resilience, acknowledge courage, and commission a new generation of exporters who will carry the banner of Lagos into Africa and the world.

    His words: “When LASERP was conceived, our vision was clear: to prepare Lagos entrepreneurs to compete beyond our shores, to diversify our economy away from the dominance of oil, and to entrench Lagos as the undisputed gateway of trade for Nigeria and the African continent. Today, as we witness the graduation of these exceptional SMEs, we see the manifestation of that vision.

    “Our ambassadors are no longer just local champions – they are export-ready entrepreneurs, positioned to scale, to innovate, and to stand tall in regional and global markets. Already, Lagos contributes more than 60 percent of Nigeria’s non-oil exports, which stood at US$5.3 billion in 2024, and with this graduating cohort of over 250 SMEs, we project an additional US$1 billion in foreign exchange inflows annually within the next five years.

    Minister of Finance/Coordinating Minister of the Economy, Mr. Wale Edun, represented by his Special Adviser on Communications, Media, and Publicity, Dr. Ogho Okiti, commended the visionary leadership of the State, particularly the Ministry of Commerce, Cooperatives, Trade and Investment, under Mrs. Folashade Ambrose-Medebem, for initiating LASERP.

    “I also recognise the invaluable partnership of Afreximbank and ImpactHer in making this programme a success. This collaboration demonstrates the power of strategic partnerships in unlocking Nigeria’s economic potential. Export diversification is critical to Nigeria’s long-term economic growth. Programmes like LASERP directly support our broader agenda to grow non-oil exports, expand Nigeria’s global competitiveness, and strengthen women-led enterprises and SMEs. It will serve as a model for similar initiatives across Nigeria,” he said.

    Commissioner for Commerce, Cooperatives, Trade and Investment, Mrs Folashade Ambrose expressed that the gathering was for more than a class of graduates, but to celebrate a movement of exporters, innovators and pioneers who will carry the Lagos spirit across Africa and into the world.

    “Under the visionary leadership of Mr. Governor and Mr. Deputy Governor, Lagos has declared boldly: we will not be local champions; we will be global competitors. That is why LASERP was born. To move our SMEs from the streets of Lagos to the shelves of the world. To transform potential into performance. To prepare you not just to meet standards, but to set them. Already, Today is not just another day in our calendar. Today is history in motion. Today is vision becoming reality. Today is Lagos telling the world: we are ready, we are rising, we will lead,” she said.

    Also speaking at the event, Regional Chief Operating Officer, AfreximBank, Allain Thierry Mbongue, affirmed that the programme has set off a new generation of export ready champions who will write the next chapter of Africa’s economic story. “By investing your time and energy, you have positioned yourself not only as business leaders in Lagos but as future exporters whose goods and services would soon carry the proud label; Made in Africa. At Afrexim Bank, we believe SMEs are not just the backbone of African economies, they are the engine that will power Africa’s economic future under AfCFTA. That is why the bank has laid strategic emphasis on SMEs development,” he said.

    Founder/CEO, ImpactHER, Efe Ukala, revealed that the training focused on digital and brand transformation, as entrepreneurs were equipped with what they need to stand out in the digital export world. “During the training, we helped build websites, provided customised digital export marketing strategy, facilitated 5 percent single digit interest loan for participants – two out of which are being processed, as our participants shipped out over a dozen 20-foot containers of goods over the past 6 weeks while 10 businesses secured international trade certification – thus securing long term access to new markets,” she said.

    According to the Director, SME Development, AfreximBank, Ody Akhanoba, the training recognised the importance of SMEs to the African economy, and particularly to Lagos, which is the 5th largest economy in the continent. “I congratulate the SMEs that successfully participated in this programme, this is a testament to your aspiration that what you had was not enough and you devoted good time to acquire what you need to become future export champions. But this is not the end, you really need to leverage on your new skills, be resilient and collaborate to take your place in Africa and global marketplace where you belong. Africa industrial revolution rests on your shoulders,” he declared.

    Sharing experiences with the graduands, Managing Director, Secure ID, Mrs. Kofo Akinkugbe, OON charged the graduands to rise above skepticism and remain resilient and committed to global standards, ensuring high quality products and compliance with international certifications. “Commitment to quality and global standards is crucial for entering new markets and gaining international recognition, while you need to start small, scale gradually, understand your target market and devise entry strategy,” she said.

    Managing Partner, Zenforte Partner, Weyinmi Eribo, highlighted 5 principles for the trainees as guides to success; “Prepare deeply because readiness is the foundation of market access; Don’t go alone – clusters and cooperatives are your allies in scaling; See finance as within reach – with the right structures, capital will come; Invest in networks – because trade is built on trust, not just transactions; and Formalise your trade activities – so you can scale under AfCFTA and beyond,” she said.