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Social Political Group Calls On Dr.Okundaye To Join Governorship Race
Politics7 hours ago

Social Political Group Calls On Dr.Okundaye To Join Governorship Race

Social Political Group Calls On Dr.Okundaye To Join Governorship Race                    ...
TB JOSHUA; REMEMBERING EXIT OF A WORLD CHANGER BY DARE ADEJUMO TB JOSHUA; REMEMBERING EXIT OF A WORLD CHANGER BY DARE ADEJUMO
celebrity radar - gossips10 hours ago

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Entertainment10 hours ago

NNKAN, A UNIQUE MUSICAL REVELATION WITH CREATIVE ARTISTRY, VELVET VOICE
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Politics

Politics14 hours ago

BREAKING! Gunmen Attack Kogi Governor, Yahaya Bello, Several Injured

BREAKING! Gunmen Attack Kogi Governor, Yahaya Bello, Several Injured                      ...
Politics15 hours ago

ACAON congratulates President Bola Ahmed Tinubu, described him as visionary leader
Dawn Of A New Era: Within One Week, Taraba Governor, Dr. Agbu Kefas Has Touched All His Campaign Promises Dawn Of A New Era: Within One Week, Taraba Governor, Dr. Agbu Kefas Has Touched All His Campaign Promises
Politics17 hours ago

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Why President Tinubu Met With Woke, Makinde,Ibori President Bola Tinubu has met with the Oyo State Governor, Seyi Makinde, Rivers and Delta States former governors, Nyesom Wike, and James Ibori, behind closed doors. It was gathered that the essence of the meeting was to celebrate with him after his swearing in and to discuss how they could benefit from the administration. Aside from Makinde, Wike and Ibori have left public offices and would be aiming to at least secure appointments for their loyalists even if they do not want to serve under Tinubu’s government. Report had it that the three men arrived at the Villa on Friday at about 4.20 pm and were immediately led into the premises to meet with the president’ at his office. Of the three men, two, Makinde and Wike, were members of the Peoples Democratic Party (PDP), but they both worked for the election of Tinubu as president candidate of the All Progressives Congress (APC). The meeting came hours after the President announced the appointment of Speaker of the House of Representatives, Femi Gbajabiamila, as his Chief of Staff and Benue State former Governor, George Akume as the Secretary to the Government of the Federation (SGF), ending speculation over his choice on aides. The meeting came days after Ibori indicated plans to lead some South South PDP members to the APC after party leaders aligns with Tinubu who won on the platform of the All Progressives Congress, APC
Politics1 day ago

Why President Tinubu Met With Wike, Makinde,Ibori
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Breaking: Lagos Lawmakers-elect Declare Obasa To Speak Again
Politics1 day ago

Primate Ayodele’s Prophecy Fulfilled As Senegalese Opposition Leader Gets Jail Term (VIDEO)
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Fashion And Lifestyle

Fashion/Lifestyle2 weeks ago

Costfromi Big Apple Restaurant Birthed In Benin

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‘’My Wife Is Responsible For My Glowing, Transformed Look’’ – Prophet Joshua Iginla  As He Celebrates Her (Video) ‘’My Wife Is Responsible For My Glowing, Transformed Look’’ – Prophet Joshua Iginla  As He Celebrates Her (Video)
Fashion/Lifestyle2 weeks ago

‘’My Wife Is Responsible For My Glowing, Transformed Look’’ – Prophet Joshua Iginla  As He Celebrates Her (Video)
Mercedes Benz Sprinter VIP Van Mercedes Benz Sprinter VIP Van
celebrity radar - gossips3 months ago

Celebrities That Own Customized Mercedes Benz Sprinter VIP Van
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Val: Don't lose your dignity to ignorance, peer pressure, Helen Paul advises young ladies
Fashion/Lifestyle4 months ago

Val: Don’t lose your dignity to ignorance, peer pressure, Helen Paul advises young ladies
Valentine Couples Dinner: Temitope Fabinu Adeniba Hosts "Love is a Beautiful Thing" @ Airport Hotel ikeja, February 18
Fashion/Lifestyle4 months ago

Valentine Couples Dinner: Temitope Fabinu Adeniba Hosts “Love is a Beautiful Thing” @ Airport Hotel ikeja, February 18
Fashion/Lifestyle4 months ago

Why You Should Patronize P&P Fashion Dimensions
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Business

Nigeria's Short Lets Surge Opens Doors to Unprecedented Real Estate Profits By Dennis Isong 
Business15 hours ago

Nigeria’s Short Lets Surge Opens Doors to Unprecedented Real Estate Profits By Dennis Isong

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Sterling Bank Declares Bounty At 61st AGM Sterling Bank Declares Bounty At 61st AGM
Business2 days ago

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Shareholders Commend Wema Bank Management on Good Corporate Performance Shareholders Commend Wema Bank Management on Good Corporate Performance
Business2 days ago

Shareholders Commend Wema Bank Management on Good Corporate Performance
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Naira devaluation’s fake news, says CBN
Business3 days ago

Naira devaluation’s fake news, says CBN
ZENITH BANK’S GROSS EARNINGS RISES BY 24% TO N945.5 BILLION IN 2022 Zenith Bank Plc has announced its audited results for the year ending December 31, 2022, achieving an impressive double-digit growth of 24% in gross earnings from NGN765.6 billion reported in the previous year to NGN945.5 billion in 2022. This is despite the persistent challenging macroeconomic environment and headwinds. According to the audited financial results for the 2022 financial year presented to the Nigerian Exchange (NGX), the double-digit growth in gross earnings was driven by a 26% year-on-year (YoY) growth in interest income from NGN427.6 billion to N540.2 billion and a 23% year-on-year (YoY) growth in non-interest income from NGN309 billion to NGN381 billion. Profit before tax also grew by 2% from NGN280.4 billion to NGN284.7 billion in the current year. The increase in profit before tax was due to the significant growth in all the income lines. Impairments grew by 107% from NGN59.9 billion to NGN124.2 billion, while interest expense grew 63% YoY from N106.8 billion to N173.5 billion, respectively. The impairment growth, which also resulted in an increase in the cost of risk (from 1.9% in 2021 to 3.3% in the current year), was due to the impact of Ghana's sovereign debt restructuring programme. The growth in interest expense increased the cost of funds from 1.5% in 2021 to 1.9% in 2022 due to hikes in interest rates globally. Customer deposits increased by 39%, growing from NGN6.47 trillion in the previous year to NGN8.98 trillion in the current year. The growth in customer deposits came from all products and deposit segments (corporate and retail), thus consolidating the bank’s market leadership and indicating customers' trust. The continued elevated yield environment positively impacted the bank’s Net-Interest-Margin (NIM), which grew from 6.7% to 7.2% due to an effective repricing of interest-bearing assets. Operating expenses grew by 17% YoY, but growth remains below the inflation rate. Total assets increased by 30%, growing from NGN9.45 trillion in 2021 to NGN12.29 trillion, mainly driven by growth in customer deposits. With the steady and continued recovery in economic activities, the Group prudently grew its gross loans by 20%, from NGN3.5 trillion in 2021 to NGN4.1 trillion in 2022, which increased the Non-Performing Loan (NPL) ratio modestly from 4.2% to 4.3% YoY. The capital adequacy ratio decreased from 21% to 19%, while the liquidity ratio improved from 71.2% to 75%. Both prudential ratios are well above regulatory thresholds. In 2023, the Group intends to expand its frontiers as it also reorganises into a holding company structure, adding new verticals to its businesses and growing in all its chosen markets, both locally and internationally. As a testament to its commitment to shareholders, the bank has announced a proposed final dividend payout of N2.90 per share, bringing the total dividend to N3.20 per share. In recognition of its track record of excellent performances, Zenith Bank was recognised as the Number One Bank in Nigeria by Tier-1 Capital, for the 13th consecutive year, in the 2022 Top 1000 World Banks Ranking published by The Banker Magazine; 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 Commercial Bank, Nigeria 2021 and 2022 in the World Finance Banking Awards; Best Corporate Governance Bank, Nigeria in the World Finance Corporate Governance Awards 2022; Best in Corporate Governance' Financial Services' Africa, for three consecutive years from 2020 to 2022, by the Ethical Boardroom; Best Commercial Bank, Nigeria and Best Innovation In Retail Banking, Nigeria in the International Banker 2022 Banking Awards. Also, the bank emerged as the Most Valuable Banking Brand in Nigeria in the Banker Magazine Top 500 Banking Brands 2020 and 2021, 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 as Bank of the Decade (People's Choice) at the ThisDay Awards 2020, Most Innovative Bank of the Year 2019 by Tribune Newspaper, Bank of the Year 2020 by Independent Newspaper, 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.
Business4 days ago

ZENITH BANK MAINTAINS POSITION AS ‘BEST CORPORATE GOVERNANCE FINANCIAL SERVICES’ IN AFRICA FOR THE FOURTH CONSECUTIVE TIME
Business4 days ago

UBA Revitalises Alumni Network, Ex-staff to Enjoy Debt Restructuring, Product Offerings, Airport Protocol, Other Benefits
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Interviews

Interviews6 months ago

“The Secret Of My Success As Classic Queen International’s Top Model”- Racheal George

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Human Right Human Right
Interviews9 months ago

Human Rights Activist warns Nigerians not to elect ineffective officials
Nigeria's situation getting worse - Comr Iche Nigeria's situation getting worse - Comr Iche
Interviews12 months ago

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Business3 years ago

COVID-19: SMEs’ partnership, rigorous commitment key to sustainable economy growth- Sekibo
Interviews4 years ago

“Mko, Adedibu, Oba Abimbola Jibola and I were the Key Players Behind June 12”-Chief Abimbola Aboderin
Interviews5 years ago

EXCLUSIVE! How Adelabu, Yaradua Were Responsible For MKO Abiola’s 1993 Victory – ABIMBOLA ABODERIN
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