Zenith Bank Plc has announced the appointment of Engr. Mustafa Bello as the Chairman of its Board ofDirectors. The appointment, which takes immediate effect, has been approved by the Central Bank ofNigeria (CBN) and ratified by shareholders at the Annual General Meeting held on May 5, 2026. Engr. Bello’s appointment represents a strategic step to ensure the continuity, stability, and sustainedeffectiveness of the Board, while reinforcing the high standards of corporate governance, regulatorycompliance, and strategic oversight for which Zenith Bank is widely respected. He joined the Board ofZenith Bank Plc on 29 December 2017 and has served on several Board…
Author: Lilian Azuh
Union Bank of Nigeria has been named winner of the Best SME Growth Banking Initiatives Award (2025) at the Nigeria National SME Business Awards, organised by the Association of Small Business Owners of Nigeria (ASBON) in partnership with the Lagos State Government through the Ministry of Commerce, Cooperatives, Trade and Investment. The recognition arrives at a moment when the relationship between Nigerian banks and Nigerian small businesses is being quietly redefined. Awards in this space have historically rewarded scale and product breadth. The ASBON criteria, by contrast, ask a more practical question: which banks are actually making it easier for…
Polaris Bank, Nigeria’s leading digital retail and commercial bank, has proudly facilitated the launch of the NACCIMA Export Support Call Center, a vital initiative designed to provide comprehensive support to Nigerian exporters, especially those operating in the non-oil sector and enhance their ability to access global markets. This partnership marks a significant step in the Bank’s commitment to strengthening Nigeria’s export ecosystem. Chris Ofikulu, Executive Director of Polaris Bank, in his address, emphasised the Bank’s commitment to empowering Nigerian businesses for global markets. He highlighted the importance of the NACCIMA Call Center as a key resource for exporters, offering valuable…
A total of 98 entries were received at the close of submissions for the maiden edition of The Nigeria Prize for Creative Arts, which closed on Thursday. The inaugural edition focuses on documentary filmmaking on Nigeria’s story under the theme “Identity,” with Nigerian youths aged 35 and below invited to participate. The handover of entries marks a significant milestone in the Prize cycle, underscoring the strong interest and enthusiasm the initiative has generated among Nigeria’s vibrant creative community. Speaking at the handover ceremony, the General Manager, External Relations and Sustainable Development, NLNG, Sophia Horsfall, described the volume and quality of…
Zenith Bank Plc has announced its unaudited results for the first quarter ended 31st March 2026, with a 6% growth in Gross Earnings, from N950 billion reported in Q1 2025 to N1.01 trillion in Q1 2026. This is despite the challenging operating environment and tightening monetary policy stance. From the unaudited statement of account submitted to the Nigerian Exchange (NGX) on Thursday, 30th April 2026, this growth was driven by increase in interest income and non-interest income. The increase in interest income was primarily due to the expansion of the Bank’s risk asset portfolio, supported by disciplined, risk adjusted pricing. Interest expense moderated by 5% YoY in…
The Lagos State Traffic Management Authority (LASTMA) solemnly announces a tragic road traffic incident that occurred earlier today along the Third Mainland Bridge, precisely at the Ilaje inward Iyana Oworo axis. The harrowing incident involved a catastrophic head-on collision between two Toyota Sienna vehicles (LSR 809 GV and LSR 695 HM). The severity of the impact underscores the grave consequences of reckless driving behaviours, particularly excessive speeding. Upon receiving the distress alert, LASTMA operatives who were on routine surveillance along the bridge responded with commendable promptitude, swiftly instituting essential traffic control measures to avert further complications. Safety cones were strategically…
Information gathering and disseminating during election period indeed played a pivotal role in keeping the people abreast with reports, particularly as it concern updates across various locations where the election is going on. However, distorting vital information that could derail the entire process has been described by many as a setback that could undermine the generality of the election. This is what prominent communication expert, Season Journalist along with key stakeholders will be talking about during the 7th edition of Timeline Awareness Initiative Lecture and Awards in Lagos. The event which is championed by the public sensitization platform of TimelineNG,…
President-CE: L-R: CEO, Norges Bank Investment Management (NBIM), Nicolai Tangen and President/CE, Dangote Industries Limited, Aliko Dangote during a meeting in Norway Dangote Cement Plc has recorded a strong performance in the first quarter of 2026, growing its cement and clinker exports from Nigeria by 71.6 per cent, as the Group’s total installed production capacity reached 55 million tonnes per annum (MTA) across Africa. During the period under review, the company completed 10 clinker shipments from Nigeria to neighbouring markets, further consolidating its position as Africa’s leading cement exporter. According to the company’s unaudited Q1 2026 financial results, total sales…
The Oyo State chapter of the All Progressives Congress (APC) has congratulated Chief Joseph Olasunkanmi Tegbe on his nomination as Nigeria’s Minister of Power, describing the development as well-deserved and timely, given the country’s pressing need for sustained reforms in the energy sector. In a statement jointly signed by the State Chairman, Chief Moses Adeyemo Alake, and the State Secretary, Hon. (Barr.) Fatai Adesina, the party expressed confidence in Tegbe’s capacity to deliver impactful leadership, citing his track record of excellence in both the private and public sectors. The party noted that Tegbe’s nomination comes at a critical period in…
L-R: Mr. Benjamin Amafonye, Project Architect, Royal Haskoning DHV; Dr. Aristotle Onumo, Director Stakeholders Management and Partnership, NITDA; Mr. Amrish Singhal, CEO Spectranet and Mr. Ebenezer Dare, Executive Director, NiRA during panell session on the theme “The Lagos-Abuja Digital Corridor: Building Africa’s Next Data Centre and Cloud Hub” at the IoT West Africa Conference at Landmark Event Centre Victoria Island Lagos. The DirectorGeneral, National Information Technology Development Agency (NITDA), Kashifu Inuwa, has underscored the central role of policy as an enabler of Nigeria’s digital transformation. While speaking a panel session at the IoT West Africa Conference on the theme “The…