Zenith Bank leads Nigerian lenders in new global ranking

Zenith Bank Plc has retained its ranking as the ‘Number One Bank in Nigeria by Tier-1 Capital’ in the 2023 top 1,000 world banks’ rankings published by The Banker Magazine. The bank had held its position as the number one Tier-1 bank in Nigeria for the fourteenth year in a row, emerging as the 467th bank globally with a Tier-1 capital of $2.54bn. A statement said the rankings, published in…
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Expert tasks CBN on exploitative bank charges

Mr Okechukwu Unegbu, a financial expert, has called on the Central Bank of Nigeria to check the multiplicity of service charges by Deposit Money Banks. Unegbu, a past president of the Chattered Institute of Bankers of Nigeria, made the appeal in an interview on Sunday in…

Google’s first West Africa director resigns

Google’s first West Africa Director, Dr. Juliet Ehimuan has announced her departure from the company. She made the announcement on LinkedIn on Friday where she expressed her intention to pursue a broader role within the regional technology landscape. Before her…

Lekki port receives first transshipment vessel

The management of Lekki Deep Seaport has announced the arrival of Rimbaud, the first transshipment vessel to call at the container terminal of the deep seaport. A statement by the port said that the vessel owned by CMA CGM shipping company, arrived at the terminal on Thursday. The statement added that the vessel came with cargo from two of the largest container shipping lines in the world, CMA CGM…
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Brands & PeopleRestaurant

Firm gets global recognition

Hospitality firm, Lagos Continental says it was recently recognised at the Hotel Managers Awards and World Chefs Championship 2023 Award. A statement by the firm said it was recognised as the Best Luxury Business Hotel in Nigeria at the 2023 Hotel Managers Awards, a…

CFAO unveils auto parts office

Automotive maintenance spare parts and accessories distributor, Winpart/AutoFast by CFAO, has announced the opening of its flagship office in Nigeria. The firm said in a statement that the new Winpart/AutoFast office in Victoria Island, Lagos, marked a significant milestone…

PalmPay users hit 25 million

Fintech platform, PalmPay, says it has reached a milestone of 25 million users on its smartphone app. It said it reached an extensive network of 500,000 mobile money agents and 300,000 merchants in its payment ecosystem. A statement by the firm said the rapid growth within just four years of its market entry in Nigeria was a testament to the company’s robust strategy centred on offering secure…
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Why CBN unified exchange rates –Tinubu

President Bola Tinubu Thursday in Lagos said he could have chosen to maintain the multiple foreign exchange systems he met upon assuming office and benefit from it, but instead opted to unify the official and parallel market rates to save the country from financial…

Attend subscribers in 30 minutes, NCC orders Telcos

The Nigerian Communications Commission is set to mandate telecommunication firms to attend to their customers within 30 minutes of arriving at any customer care center in the country. This is based on a new document titled, ‘Draft Quality of Service Business Rules,’ on…
Brands & People

Appertito wins innovation award

Grand Oak Limited says its premium bitter apéritif, Apperrito has won an award for Africa’s Most Innovative Premium Bitter Appetizer Beverage at the African Brand Innovators Summit 2023. According to a statement, the event which took place in Lagos recently brought together prominent corporate bodies, industry leaders and innovators from across Africa to celebrate and recognise exceptional…
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