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Global Finance Names Zenith Best Nigerian Bank

By David Torough, Abuja
Zenith has been crowned Nigeria’s Best Bank in the Global Finance Best Banks Awards 2025The financial institution was named “Best Bank in Nigeria” by the same organisers for the fifth time in six years.The Bank was among winners from 36 countries in Africa recognised by the prestigious Global Finance in its 32nd Annual Best Bank Awards.
The criteria for winners of this year’s awards was those banks that attended carefully to their customers’ needs in difficult markets and accomplished strong results while laying the foundations for future success. Winning organizations managed their assets and liabilities in a savvy way despite the fast-changing interest rate scenarios.The editors of Global Finance made the selections after extensive consultations with corporate financial executives, bankers and banking consultants, as well as analysts worldwide.Other factors considered in selecting the top banks ranged from the quantitative objective to the informed subjective. Objective criteria considered included; growth in assets, profitability, geographic reach, strategic relationships, new business development and innovation in products.Subjective criteria included the opinions of equity analysts, credit rating analysts, banking consultants and others involved in the industry.Commenting on the award, the Group Managing Director/Chief Executive of Zenith Bank, Dr. Adaora Umeoji said: “We are thrilled to retain our position as the Best Bank in Nigeria for the fifth year from 2020. This achievement is a testament to our unwavering commitment to delivering exceptional customer service, innovative financial solutions and dedication to serving our customers with efficiency and a strong focus on corporate governance. We will continue to invest in our people, technology and processes to ensure that we consistently maintain the highest level of service delivery”.She lauded the contributions and efforts of the Bank’s key stakeholders – the Founder and Chairman, Jim Ovia, for his visionary leadership and role in laying the foundation for an enduring and successful institution, the Board for the consistent guidance they provide, the staff for their commitment and dedication, and the Bank’s customers for their unwavering loyalty and support to the Zenith brand.Joseph D. Giarraputo, publisher and editorial director of Global Finance, said: “Global banking continues to adapt and evolve, meeting challenges and capitalizing on opportunities with resilience and innovation. AI has quickly taken a pivotal role in the transformation of banking, and its growth promises to reshape the financial sector at an unprecedented pace.” He added that: “Global Finance’s Best Bank Awards honor financial institutions that excel in diversity of offerings, long-term stability, and technological innovation.”Global Finance’s “Best Banks Awards” are recognised amongst the world’s most influential banking/finance and corporate professionals as the most coveted and credible awards in the banking industry, with winners chosen in 150 countries and territories across Africa, Asia Pacific, the Caribbean, Central America, Central & Eastern Europe, Latin America, the Middle East, North America and Western Europe.Founded in 1987, Global Finance regularly selects the top performers among banks and other financial services providers, and the awards have become a trusted standard of excellence for the global financial community.Zenith Bank’s track record of excellent performance has continued to earn the brand numerous awards including being recognised as the Number One Bank in Nigeria by Tier-1 Capital for the fifteenth consecutive year in the 2024 Top 1000 World Banks Ranking, published by The Banker Magazine.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 and in 2024, 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 four consecutive years from 2021 to 2024 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 2022, 2023 and 2024 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 Magazine Top 500 Banking Brands for 2020 and 2021, Bank of the Year 2023 and 2024 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 in 2024 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.COVER
Oluremi Tinubu in Makurdi, Seeks End to Benue Killings

From Attah Ede, Makurdi
First Lady of Nigeria, Sen. Oluremi Tinubu yesterday visited Benue State, with a call to put an end to the insecurity and incessant killings of innocent citizens especially women and children in the State.Mrs Tinubu, who spoke during her visit to the State, where she met with state officials, traditional rulers, and internally displaced persons as part of her humanitarian and peace-building engagements, called for unity and solidarity among the people of the State to combat the senseless killings that have continued despite spirited and concerted efforts.
She said it was most worrisome to find displaced persons living in dehumanising conditions, describing it as hellish.According to her, when faith is lost, family bonds are broken, life no longer carries the hope it once did, everything changes, stressing that every society must decide what it would serve, adding however, “No nation can serve two masters”.”There must be a choice between what builds and what destroys, between people and the structures that either uplift or oppress them.”We speak of teaching lessons about peace, love, and how to live with one another. These are not abstract ideals. They are necessities. Dialogue and patience remain the best solutions wherever conflict exists. But often, we hesitate, we ask ourselves: Why do I need to act? Why do I need to speak?, And so the doors remain closed. Teachers go unheard. People are left without guidance on how to move forward and how to heal.”Today, I decided to come because I feel that much of the light has dimmed. The weight of silence is heavy, but conversations like this bring hope. Nigeria is a nation of deep complexity. Ethnicity, religion, and culture all have their place, but they must not become walls between us. They should instead be bridges of understanding.”And now, we are in a time in a world where we must decide what we are preparing for. Will it be a future shaped by division, or one built on compassion, dialogue, and shared humanity?”, Tinubu stated.The Nigeria first lady, who also donated one billion Naira to the victims of the displaced communities in the state and provided relief materials to help alleviate their suffering, promised to continue supporting those in need, particularly children, girls, and individuals with disabilities.On his part, the Paramount ruler of the Tiv nation, Tor Tiv, Prof. James Ayatse, called on the Federal Government to take decisive action against networks of terrorists operating in Benue and Nasarawa States and stressed the need for reconstruction of destroyed communities and compensation for victims of the attacks.He intimated that the violent attackers responsible for the frequent killings and displacements in Tiv land usually came from neighboring Nasarawa State and returned there after carrying out their assaults.“Your Excellency Ma, our attackers come from Nasarawa State. After attacking us, they withdraw and go back to Nasarawa State.””I appeal to you to convey the people’s anguish and plead for justice to President Bola Tinubu. Peace in Benue cannot be achieved until the sources of these attacks are addressed through decisive federal intervention.”Thank you for your patience and resilience. Families have been torn apart, ancestral homes abandoned but there is hope. With a guarantee of restored peace, our people will be able to return to their ancestral communities, resume their lives, and rebuild what was lost.”It looks like we will achieve our goals and with that, we will see the gains we have long hoped for.”The barriers we once faced are giving way. We are determined not to let terrorists define our destiny. We have confronted major enemies and made progress, though the scars and memories of destruction remain with us.“Still, everything we are doing now is to bring lasting peace and we believe peace will come soon.”To the communities that have suffered attacks: you do not need to remind us of what has happened. We know. We have seen the devastation. We share the pain.”Nigeria has been plagued by discontent for many years. I have lived here all my life, and I know this much: if we keep playing with this weakness, it will grow and if it grows unchecked, it will destroy us.”If our leaders do not decisively confront terrorism and malice, and instead keep playing politics with it trying to be “politically correct” for the sake of convenience, Nigeria will be in grave danger. The time to act is now”, Ayatse alluded.He maintained that the government is already beginning to respond, securing vulnerable areas and strengthening borders, noting that the visit today has given Benue citizens encouragement and has further reassured them that they are not forgotten.The Benue State Governor, Rev. Fr. Hyacinth Alia reiterated his call for the establishment of a state police and a national policy on ranching to address the insecurity caused by herders.He applauded Mrs Tinubu for her visit and commitment to national solidarity in the face of the ongoing crisis bedeviling over 1.5million displaced individuals in the State.”This visit comes after the massacre of over 200 of our people on the night of Saturday, the 13th, and the morning of Sunday, the 14th of June, 2025. Your visit follows closely after your husband, the Commander-in-Chief of the Armed Forces, His Excellency President Bola Ahmed Tinubu, altered his itinerary to send us a message of comfort shortly after June 18, 2025.”We have over 3,500 new IDPs in Gwer-West local government. It is my prayer that this land becomes one of reunions and grace. I would like to express our deep gratitude to you for making time to visit us.”Following the President’s directive, the Chief of Defence Staff ordered the deployment of security personnel to our communities. While the attacks by militias and bandits have not completely stopped, we can report that there has been some noticeable improvement in security.”Your presence here today reflects not only your strategic support as a former Senator of the Federal Republic but also your motherly and compassionate response to moments of distress in our nation. Your initiatives in health, social investment, agriculture, care for orphans, IDPs, persons living with disabilities, and the elderly have not gone unnoticed.”We are aware of the over 70,000 posts you facilitated through the Ministry of Education for distribution to primary schools. We are equally aware of over 270 support programs for economic empowerment. You have already done so much for us in this state, and we believe your presence today will not only inspire you to do more but also create a deeper connection to our plight as you hear the stories of consistent and protracted attacks on our people by terrorists and armed groups.”We are grateful for the goodness you have shared with us at this very difficult time and for the honor and support you have continually extended to our grassroots”, Alia stated.The governor lamented that the persistent attacks by militias on Benue farms have been sustained for years, leading to the loss of lives and property. Farmers have been driven away from their lands because so many have been killed, leaving us in pain and despair.”Some of our people are displaced and living in camps, while many more are staying with friends and relatives across different parts of the state under harsh conditions. Hunger is widespread, and food is scarce in a state once celebrated as the “Food basket of the nation.””In all of this, we have not received adequate compensation or meaningful support. Instead, what has been offered to our grieving people feels like salt added to their wounds, token gestures that do not meet the needs of mothers, who have lost children or families who have been destroyed”, he said.Gunmen Invade Benue Community, kill One Farmer Suspected armed herdsmen, on Tuesday launched fresh attack on Tse-Kalema in Mbazun, Atogbenda, Ukum Local Government Area of Benue State, killing one farmer identified as Lucky Tsetim. A source from the area told DAILY ASSET that the victim was attacked while working on his farm on Tuesday.The killing has sparked fresh fears among residents, who say Fulani attacks in Tse-Kalema are becoming frequent.They called on security agencies to urgently intervene and restore peace in the area.As of press time, no official response has been issued by the authorities.Efforts to speak with the Benue State Police Command Public Relations Officer, DSP Udeme Edet failed as she did not respond to calls or texts.COVER
United Capital Reports N11.9bn Profit, Declares N5.4bn Interim Dividend
United Capital Plc has reported a profit after tax of N11.9 billion for the first half of 2025.This represents a 54 percent increase from N7.74 billion profit recorded for the first half of 2024.The company announced this in a corporate disclosure on Monday through the Nigerian Exchange Ltd.
The profit before tax also grew by 52 per cent, from N9. 06 billion in 2024 to N13.79 billion while the gross earnings rose by 57 per cent, from N15. 15 billion to N23.76 billion.The net operating income climbed to N21.32 billion compared to N12.76 billion in 2024, a 67 per cent year-on-year growth.Operating expenses witnessed a 49 percent increase to N10.61 billion from N7.12 billion of 2024.Commenting on the group’s performance, the bank’s Group Chief Executive Officer, Peter Ashade, said, “I am pleased to inform all stakeholders that United Capital Plc ended the first half of the year on a strong and positive note.“This is continuing our track record of excellence and strong financial performance, as demonstrated by our remarkable earnings growth and robust performance across key financial metrics, despite the prevailing macroeconomic challenges and market volatility.“During the period under review, we recorded significant financial growth, with gross earnings increasing by 57 per cent year-on-year to N23.76 billion.“Profit before tax grew by 52 per cent year-on-year to N13.79 billion, profit after tax rose by 54 per cent year-on-year to N11.89 billion, while Shareholders’ Funds grew by 25 per cent year-to-date to N166.91 billion.“This is a testament to the strength of our capital base and the confidence reposed in us by our investors,” he said.Ashade noted that “these results reflect the resilience of the company’s business model, the dedication of people, and the effective execution of our strategy across our business lines.“As we look ahead to the second half of the year, we remain focused and firmly committed to sustaining this strong performance.“With a solid foundation, a clear strategic direction and our retail and Pan-African play in full-force.“United Capital is well-positioned to continue delivering superior returns to shareholders and providing best-in-class solutions to all our stakeholders.“Finally, to reward our esteemed shareholders, we are excited to announce the payment of an interim dividend of 30 kobo per share for 50 kobo ordinary shares of the company.“This represents a payout of N5.4 billion. We have obtained the approval of the board and details will be shared with our shareholders,” he added. (NAN)COVER
Tinubu Confers National Honour on Triumphant Super Falcons

By David Torough, Abuja
President Bola Tinubu has bestowed the national honour of Officer of the Order of the Niger, on the Super Falcons and the entire technical crew.Tinubu also allocated three-bedroom apartments in Abuja to each of the players and the technical crew at the Renewed Hope Estate.
The President also directed the cash award of the naira equivalent of $100,000 each of the 24 players and $50,000 to each of the 11-man technical crew. This came during a reception in honour of the players and the coaching crew at the Presidential Villa, Abuja.He said, “I hereby conferred on the players, the 11-man technical team, with national honours of the Officer of the Order of the Niger.“Additionally, I have directed the allocation of three-bedroom apartments in the Renewed Hope Housing Scheme.“Then there is the cash award of the naira equivalent of $100,000 US dollars each 24 players and the naira equivalent of $50,000 to the 11-man technical crew.”“You have inspired millions, especially young girls who now see proof that their dreams are valid and achievable.“You have inspired me, too. And it’s great for a nation to have assets that are the hope of today, tomorrow, and the day after. You represent that hope. You ignited that hope. And we will continue to encourage you, the next generation, and other generations after you.”The President recounted the emotional moments of the final match, noting how the team’s performance lifted the nation’s spirits and united Nigerians from all walks of life.“Your victory represents more than a sporting accomplishment. It is a triumph of courage, determination, discipline and consistency.“Honestly, I didn’t want to watch the match. I didn’t want to have high blood pressure. But people came in and turned my TV on that channel. When it was 2-0, I got very offended and restless.“But I was still watching with the spirit of resilience, determination, and courage. And after that penalty, my strength was lifted, and I believe that of the nation was lifted too.“But you almost made me angrier because your mother (the First Lady) was in the kitchen, nearly abandoning my dinner.”She doesn’t watch the game except when the girls are playing. And at the end of the final whistle, it was joy all over the country,” he said.The President assured the team of his administration’s continued support and commitment to sports development, pledging that the government would invest further in women’s football and youth talent development across the country.“Your story is a story of hope. And in this era of Renewed Hope, we celebrate you not just as champions of Africa, but as champions of the Nigerian dream.”In a further show of appreciation, the Chairman of the Nigeria Governors’ Forum (NGF), Governor AbdulRahman AbdulRazaq, also announced a donation of N10 million to each of the players and technical team members on behalf of the 36 state governors.The First Lady, Senator Oluremi Tinubu, described the Super Falcons as role models and shining examples of courage and excellence.She congratulated the team for their exceptional performance and unwavering spirit, describing their journey as “a testament to resilience, teamwork, and determination.”“You played with passion, confidence, and an unshakeable belief in yourselves—that it is not over until it is over.“The zeal you displayed on the pitch was nothing short of inspirational. You never wavered and reminded the world why Nigeria remains a powerhouse in African women’s football.”The First Lady prayed for the team’s continued success and shared an earlier conversation with President Tinubu about the team’s bright future as world champions.“I told Mr. President this morning that you are going to win the World Cup, and he thought I was too ambitious. But Ajibade, the team captain, just seconded that, and that is possible,” he said.Super Falcons Captain Rasheedat Ajibade said the victory was for the team and for every Nigerian girl who dreams of achieving greatness.“Today, I stand before you not just as the captain of the Super Falcons, but as a proud daughter of Nigeria, carrying the dreams, resilience, and spirit of our great nation,” she said.“On behalf of my teammates, coaches, and technical staff, I express our heartfelt gratitude for this warm reception and the unwavering belief you have shown in us.”Emphasising the significance of their 10th WAFCON title, the team captain said, “This victory is not just a trophy. It is a testament to the unyielding spirit of Nigeria. It is a celebration of every young girl in our villages, towns, and cities who dares to dream… This 10th title is for you, Mr. President, for Nigerians, for Super Falcons, and for every young child who believes and dreams of being on this stage someday.”Ajibade called for continued support from the government and stakeholders to elevate Nigeria’s global standing in women’s football.Chairman of the National Sports Commission, Shehu Dikko, described the team’s victory as a symbol of national unity, inspiration, and the triumph of belief, courage, and excellence.Dikko credited President Tinubu’s administration with investing in sports development and women’s empowerment.“The Super Falcons’ triumph is a fruit of your unwavering support for sports and women. You have always believed that sports can unite us, heal us, and uplift our spirits as one of the major drivers of the economy. And today, we have seen it happen,” he stated.He commended the First Lady, Senator Oluremi Tinubu, for her “constant support for our women in sports.”“This win goes beyond sports. It is a powerful symbol of our national unity and cohesion. In those 90 minutes, Nigerians everywhere from the north, south, east and west held their breath, prayed together, cheered the team, and finally celebrated together.”That is the power of sports, and indeed the power of our women in sports,” he said.