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Zenith Bank Retains Position As Nigeria’s Number One Tier-1 Bank

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ZENITH BANK EMERGES BEST BANK FOR DIGITAL SOLUTIONS IN NIGERIA IN THE EUROMONEY AWARDS 2023

 

Zenith Bank Retains Position As Nigeria’s Number One Tier-1 Bank

Zenith Bank Plc has been ranked as the Number One Bank in Nigeria by Tier-1 Capital in the 2021 Top 1000 World Banks Ranking published by The Banker Magazine. For the third consecutive year, the bank retained its position as the number one Tier-1 bank in Nigeria with a Tier-1 Capital of $2.64 billion, emerging as the 454th bank globally and the only Nigerian bank in the top 500.

Zenith Bank Retains Position As Nigeria’s Number One Tier-1 Bank

 

The ranking, which was published in the July 2021 edition of The Banker Magazine of the Financial Times Group, United Kingdom, was based on the 2020 year-end Tier-1 capital of banks globally. Zenith Bank’s financial performance for the year was underpinned by an 8% growth in non-interest income, with an improved market share in both retail and corporate sectors despite a very challenging macroeconomic environment exacerbated by the COVID-19 pandemic.

 

Speaking on the ranking, the Group Managing Director/Chief Executive of Zenith Bank, Mr. Ebenezer Onyeagwu said: “This ranking is a demonstration of our resilience and doggedness as an institution given the very challenging macroeconomic environment brought about by the Coronavirus (COVID-19) pandemic, which had a significant deleterious impact on businesses globally. It is also an affirmation of our commitment to delighting and creating value for our customers through a broad range of superior product offerings, best-in-class service and top-of-the-range technology”. He also expressed thanks to the bank’s numerous customers for making Zenith their bank of choice.

 

Tier 1 capital describes capital adequacy, and it is the core measure of a bank’s financial strength from a regulator’s point of view. According to the ranking, Tier 1 Capital, as defined by the latest Bank for International Settlements (BIS) guidelines, includes loss-absorbing capital, i.e. common stock, disclosed reserves, retained earnings and minority interests in the equity of subsidiaries that are less than wholly owned.

 

This award is the latest amongst several awards and recognitions that the bank has received in recent times for its track record of excellent performance and commitment to global best practices. Zenith Bank was voted as Bank of the Year (Nigeria) in The Banker’s Bank of the Year Awards 2020, Best Bank in Nigeria in the Global Finance World’s Best Banks Awards 2020 and 2021, and Best Corporate Governance ‘Financial Services’ Africa 2020 and 2021 by the Ethical Boardroom. Also, the bank emerged as the Most Valuable Banking Brand in Nigeria in the Banker Magazine Top 500 Banking Brands 2020 and 2021, and Number One Bank in Nigeria by Tier-1 Capital in the “2020 Top 1000 World Banks” Ranking by The Banker Magazine. The bank was also recognised as Bank of the Decade (People’s Choice) at the ThisDay Awards 2020, Retail Bank of the year at the 2020 BusinessDay Banks and Other Financial Institutions (BOFI) Awards, and Best Company in Promotion of Good Health and Well-Being as well as Best Company in Promotion of Gender Equality and Women Empowerment at the Sustainability, Enterprise and Responsibility (SERAS) Awards 2020.

 

 

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GTCO Rated Nigeria’s Strongest Brand and Best Banking Brand in Nigeria

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GTCO Notice Of Proposed Offering

GTCO Rated Nigeria’s Strongest Brand and Best Banking Brand in Nigeria

Africa’s leading financial services institution, Guaranty Trust Holding Company Plc (“GTCO” or “the Group”), has added to its impressive haul of accolades as it was recently named Nigeria’s strongest brand and Best Banking Brand in Nigeria by Brand Finance and Global Brands Magazine, respectively. These awards not only reaffirm GTCO’s position as a leading financial services group but also spotlights the Group’s enduring reputation as a customer-focused brand.

Over the years, GTCO has demonstrated remarkable commitment to shaping the future of financial services in Africa and is renowned for its innovative approach to customer service and stakeholder engagement. The Group’s brand strength is underpinned by a strong commitment to delivering cutting-edge financial solutions, fostering meaningful customer relationships, and Promoting Enterprise using its proprietary free business platforms. Commenting on the two awards, the Group Chief Executive Officer of Guaranty Trust Holding Company Plc, Segun Agbaje, said: “These achievements are a reflection of our unwavering commitment to excellence, innovation, and customer satisfaction, as well as to building a truly international brand from our proudly African roots. We are delighted to receive these recognitions and inspired to continue delivering our promise of enriching lives with every opportunity.”

GTCO is a leading financial services group with banking operations in Nigeria, West Africa, East Africa, and the United Kingdom alongside non-banking verticals in HabariPay, Guaranty Trust Fund Managers, and Guaranty Trust Pension Managers. Its leadership in the banking industry and efforts at empowering people and communities has earned it many prestigious awards over the years. The Group’s flagship banking franchise, Guaranty Trust Bank, was named Nigeria’s Best Bank and Best Bank in CSR at the 2023 Euromoney Awards for Excellence, Best Banking Group in Nigeria by World Finance, and Best Bank in Nigeria by Global Finance. Guaranty Trust Bank is featured in the Top 1000 Banks in the World and Top 100 Banks in Africa rankings by The Banker.

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Nigerian Barrister Orbby Vanessa Agwuncha aka BossLadyLaw Honored at Visionary African Women Summit in Kigali*

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**Nigerian Barrister Orbby Vanessa Agwuncha aka BossLadyLaw Honored at Visionary African Women Summit in Kigali*

 

 

KIGALI, RWANDA – Barrister Obiageli (Orbby) Vanessa Agwuncha, popularly known as BossladyLaw, a distinguished Nigerian lawyer, was recently recognized and awarded at the Visionary African Women Summit, held from June 12th to June 16th, 2024, in Kigali, Rwanda.

The summit gathered influential women from across Sub-Saharan Africa who have significantly impacted their communities through their careers, philanthropy, and community development efforts. The event focused on ensuring women are seen as positive contributors to society, moving beyond traditional objectification and specialization roles often depicted in the media.

This summit marked a departure from the typical portrayal of African women, emphasizing their positive and contributory roles in various sectors. Barr Orbby, in her address, highlighted women’s rights and the legal protections available to them, using Nigeria as a case study. She discussed the existing legal loopholes and suggested improvements to better protect women’s rights.

In her speech, BossladyLaw expressed her gratitude to the organizers for inviting her as a guest speaker and recognizing her achievements in Nigeria’s legal profession.

She also severed the rights to women empowerment. where women can have financial stability.

“It imperative that Every women should attain a source of income no matter how small”

During the summit, Prof Ogechi Adeola the Deputy Vice Chancellor, University of Kigali Rwanda presented an award to Barr Orbby Vanessa Agwuncha, (BossladyLaw), she was elated.

The Visionary African Women Summit aims to create a thriving community of African women from various fields to inspire, empower, and equip them as nation builders. The event featured insightful keynote presentations, interactive panel discussions, networking sessions, award presentations, exhibitions, entertainment, and a tour of Kigali.

 

Nigerian Barrister Orbby Vanessa Agwuncha aka BossLadyLaw Honored at Visionary African Women Summit in Kigali*

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Detained Binance executive Gambaryan has access to quality medical care, Nigerian govt Reveals

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Detained Binance executive, Gambaryan has access to quality medical care, Nigerian govt Reveals

Detained Binance executive Gambaryan has access to quality medical care, Nigerian govt Reveals

 

 

The Nigerian Government has denied keeping Binance Executive, Tigran Gambaryan in unsavory prison conditions.

The government said Gambaryan is being lawfully detained and has access to quality healthcare facility.

Mohammed Idris, the Minister of Information and National Orientation, said Gambaryan also has access to consular services from his country.

 

Detained Binance executive, Gambaryan has access to quality medical care, Nigerian govt Reveals

 

A statement by Idris reads: “It has become necessary for the Federal Government of Nigeria to address claims that Binance Executive, Tigran Gambaryan is being held in unsavory prison conditions in Nigeria, or that his health is deteriorating.

 

 

“We would like to state that these allegations are false and should be ignored.

“Gambaryan is being held in lawful detention and has access to quality medical care whenever required.

“He also has full access to consular services from his home government.

 

 

“The Federal Government will not do anything to jeopardize his fundamental rights to lawful trial, and to quality care, including healthcare, even as he undergoes trial by the laws of the Federal Republic of Nigeria.

 

 

“It is worth reiterating that his detention is a court-ordered one, and only the court can alter the terms or direct his release.

 

 

“The Federal Government of Nigeria will continue to follow due process in its quest to bring Binance to justice — a legitimate sovereign quest that is similarly being pursued in several other countries around the world.

 

 

“This adherence to legal and diplomatic standards underscores Nigeria’s dedication to upholding justice and maintaining the integrity of its judicial processes.

 

 

“The executive is being treated with the utmost fairness, and his legal and human rights are being protected throughout the judicial proceedings.”

 

 

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