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Zenith Bank Emerges Nigeria’s Number One Bank By Tier-1 Capital for The Sixteenth Consecutive Year

Zenith Bank Plc has retained its position as the Number One Bank in Nigeria by Tier-1 Capital for the sixteenth consecutive year, in the 2025 Top 1000 World Banks’ Rankings, published by The Banker, Financial Times Group, United Kingdom. This ranking places Zenith Bank Plc as the 581st Bank globally, with a Tier-1 Capital of $2 billion.

The global rankings, published in the July 2025 edition of The Banker, was based on the 2024 year-end Tier-1 capital of banks. This is the primary basis for most international organizations’ assessments of banks.

Commenting on this achievement, the Group Managing Director/CEO of Zenith Bank Plc, Dame (Dr.) Adaora Umeoji, OON, said, “We are thrilled to have retained our position yet again as the Number One Bank in Nigeria by Tier-1 capital for the 16th consecutive year. This achievement is a reflection of the bank’s robust financial performance, prudent risk management and steadfast dedication to delivering exceptional value to our customers and stakeholders”. She thanked the Founder and Chairman, Jim Ovia, CFR, for his visionary and transformative leadership which has played a pivotal role in cultivating a resilient and thriving institution. She also expressed her deepest appreciation to the bank’s esteemed customers for their continued loyalty to the Zenith brand, the Board for the sound corporate governance, and the staff for their relentless & tireless efforts in ensuring the bank’s success.

Tier-1 Capital describes capital adequacy, the core measure of a bank’s financial strength from a regulator’s perspective. According to the ranking, Tier-1 Capital, as defined by the 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. A strong Tier-1 capital ratio boosts investor and depositor confidence, indicating the Bank is well-capitalised and financially stable.

According to the audited financial results for the 2024 financial year presented to the Nigerian Exchange (NGX), the Bank recorded a double-digit growth of 86% in gross earnings, increasing from N2.13 trillion in 2023 to N3.97 trillion in 2024. This growth was driven by a 138% increase in interest income, supported by investment in high-yield government securities, and growth in the Bank’s loan book. Zenith Bank’s profit before tax (PBT) rose by 67%, reaching N1.3 trillion in 2024 from N796 billion in 2023. This performance saw the bank record an unprecedented total dividend payout of N195.67 billion at N5.00 per ordinary share in the 2024 financial year.

Zenith Bank’s track record of excellent performance has continued to earn the brand numerous awards including being recognised as the 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 being 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 was acknowledged as the Best Corporate Governance Bank, Nigeria, in the World Finance Corporate Governance Awards from 2022 to 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.

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    Cross River AGN Elects Beatrice Akonjom as Chairman

    Cross River AGN Elects Beatrice Akonjom as Chairman

    The Cross River State Chapter of the Actors Guild of Nigeria (AGN) has elected Lady Beatrice Akonjom as new chairman of the thespians umbrella body in the state.

    She emerged victorious in a keenly contested election held on Saturday in Calabar, defeating her closest rival, Mr Victor Eyamba, to clinch the top seat of the guild in the state.

    Akonjom pulled a whopping 105 votes to clinch the top seat of the guild in the state, against Eyamba who got 50 votes, in an election widely described as transparent, peaceful, and credible by actors and industry watchers.

    While announcing the results, the Chairman of the AGN Electoral Committee (AGNEC) in the state, Mrs. Ezinne Owoh, described the election as free, fair, and credible, noting that “the transparent process reflects the growing maturity of the guild in the state.”

    In her acceptance speech, the new chairman, Lady Akonjom, expressed deep gratitude to the members of the guild for the confidence reposed in her.

    She commended members for their peaceful conduct, maturity, and sacrifice during the exercise, especially those who travelled long distances from the Northern, Central, and Southern senatorial districts of the state.

    “This victory is not mine alone, but for every member of the Actors Guild of Nigeria, Cross River State Chapter.

    I thank you all for your trust and I pledge to work tirelessly to unite and uplift the guild,” she stated.

    Also speaking, the Vice President, South-South, of the AGN, Mr. Mokiles, congratulated the new chairman and lauded members for setting an example of peaceful and democratic transition.

    He therefore charged the new leadership to consolidate on the gains of the past administration, while working to reposition Nollywood practitioners in Cross River State for greater opportunities.

    In her remarks, Chairman of the Interim Executive Committee, Mrs. Maureen Ekpenyong, expressed delight that the transition was smooth, thanking members for their cooperation during her committee’s tenure. She assured the incoming leadership of her full support and cooperation.

    In his goodwill message, the immediate past chairman of the Cross River State AGN, Mr. Jo Esse, congratulated Lady Akonjom on her victory.

    Esse urged the new chairman to carry every member along in the task of advancing the welfare of actors in the state, as he pledged to continued support for the guild in an advisory capacity.

    Others elected as executives include Edet Esuabanga as Vice Chairman, Hon. Sunny Owoche-Secretary, Roseline Kelechi-Treasurer, Winifred Duke-Assistant Secretary, Godas Asuquo-PRO, Nsa Nsa Ita-Chief Whip, Christian Ikobi-DGS and Tonywhite Usor as Financial Secretary.

    The election marks a new chapter for AGN Cross River State Chapter, as members look forward to fresh ideas and innovative leadership under Akonjom.

    The post Cross River AGN Elects Beatrice Akonjom as Chairman appeared first on THISDAYLIVE.

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    The Cross River State Chapter of the Actors Guild of Nigeria (AGN) has elected Lady Beatrice Akonjom as new chairman of the thespians umbrella body in the state. She emerged
    The post Cross River AGN Elects Beatrice Akonjom as Chairman appeared first on THISDAYLIVE.

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    Return to Clay Vessels ‘ll Save Nigeria Billions of Naira in Healthcare, Says Varsity Don

    Return to Clay Vessels ‘ll Save Nigeria Billions of Naira in Healthcare, Says Varsity Don

    Adibe Emenyonu in Benin City 

    Nigeria and Africa must return to the use of clay vessels for cooking, eating and drinking if the continent is to tackle rising public health challenges and reduce billions spent on disease treatment, said Professor Emmanuel Eghe Egbon, of the Ambrose Alli University, Ekpoma.

    Delivering the 134th Inaugural Lecture of Ambrose Alli University (AAU), Ekpoma, Edo State, Prof. Egbon, a scholar of Analytical and Environmental Chemistry, urged Nigerians to embrace clay as a multifunctional earth material that promotes healthier living and sustainable communities.

    The lecture titled, ‘Drinking and Eating with Clay Vessels, Renewed Hope: Dynamics of Multifunctional Earth Material’, Egbon stressed that water stored in clay pots contains up to 200 times more oxygen than bottled water, which he described as “dead water” due to plastic storage and processing.

    “Drinking from earthen vessels improves digestion, prevents sunstroke, treats sore throats, and enhances metabolism,” he said, adding that clay also detoxifies the body, clears acne, regenerates skin tissue, reduces blemishes, prevents blackheads, and brightens the skin.

    According to him, using clay pots eliminates the need for artificial supplements as it helps prevent many diseases plaguing society. He argued that a global dependence on plastic has deepened health hazards, stressing that clay offers a natural, low-cost alternative.

    Beyond lifestyle choices, Egbon called for a review of Nigeria’s Chemistry curriculum, recommending a 60 per cent focus on practicals and 40 per cent on applied chemistry, to enable students unlock the potentials of multifunctional earth materials for national development.

    The highpoint of the lecture was the official decoration of the Inaugural Lecturer with the university’s medal by the Vice Chancellor, Prof. Sunday Olowo Samuel, who described Egbon’s research as groundbreaking.

    The post Return to Clay Vessels ‘ll Save Nigeria Billions of Naira in Healthcare, Says Varsity Don appeared first on THISDAYLIVE.

    ​  

    Adibe Emenyonu in Benin City  Nigeria and Africa must return to the use of clay vessels for cooking, eating and drinking if the continent is to tackle rising public health challenges
    The post Return to Clay Vessels ‘ll Save Nigeria Billions of Naira in Healthcare, Says Varsity Don appeared first on THISDAYLIVE.

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