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Zenith Bank Named Nigeria’s Best For Fifth Time In Six Years
Zenith Bank Plc has secured the “Best Bank in Nigeria” title at the Global Finance Best Banks Awards 2025, marking its fifth victory in this category over six years.
The Nigerian financial institution was recognized alongside winners from 36 African nations in Global Finance’s 32nd Annual Best Bank Awards program.
This year’s recipients demonstrated exceptional customer focus during challenging market conditions while achieving robust financial performance and establishing groundwork for continued growth. Award-winning institutions skilfully navigated asset and liability management amid volatile interest rate environments.
Global Finance’s editorial team determined the winners through comprehensive discussions with corporate finance leaders, banking professionals, industry consultants, and analysts from around the world.
The selection process incorporated both measurable and evaluative factors.
Quantitative measures included asset growth, profit performance, market presence, partnership strategies, business expansion initiatives, and product innovation. Qualitative assessments drew from insights provided by equity researchers, credit analysts, banking advisors, and other industry professionals.
Responding to the recognition, Zenith Bank’s Group Managing Director/Chief Executive, Dame (Dr.) Adaora Umeoji, OON, said, “We are thrilled to retain our position as the Best Bank in Nigeria for the fifth year since 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 acknowledged key contributors to the bank’s success, including founder and Chairman Jim Ovia, CFR, for his forward-thinking leadership in building a lasting institution, the Board of Directors for their ongoing oversight, employees for their dedication, and customers for their continued trust in Zenith Bank.
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 honour financial institutions that excel in diversity of offerings, long-term stability, and technological innovation.”
The Global Finance “Best Banks Awards” program holds significant prestige among international banking, finance, and corporate leaders, recognized as highly sought-after honours within the banking sector. Winners are selected across 150 countries and territories spanning Africa, Asia Pacific, the Caribbean, Central America, Central & Eastern Europe, Latin America, the Middle East, North America and Western Europe.
Established in 1987, Global Finance consistently identifies leading performers among banks and financial service providers, with these awards becoming a benchmark for excellence within the international financial community.
Zenith Bank’s consistent strong performance has generated multiple accolades, including recognition as Nigeria’s top bank by Tier-1 Capital for fifteen straight years in The Banker Magazine’s 2024 Top 1000 World Banks Ranking.
Additional honours include Bank of the Year (Nigeria) recognition in The Banker’s awards for 2020, 2022 and 2024; Best Bank in Nigeria designation from Global Finance World’s Best Banks Awards for 2020-2022 and 2024; Best Bank for Digital Solutions in Nigeria at the Euromoney Awards 2023; and inclusion in World Finance’s Top 100 Global Companies list for 2023.
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BREAKING: INEC Makes Major Announcement Ahead of 2027 Election
The Independent National Electoral Commission (INEC) has extended the deadline for political parties to submit the names and particulars of their candidates for the 2027 Presidential and National Assembly elections by three days.
The commission announced on Sunday that the deadline, which was initially scheduled to end on Saturday, July 11, 2026, has now been extended to midnight on Tuesday, July 14, 2026.
INEC said the decision followed an appeal by the Inter-Party Advisory Council (IPAC) on behalf of political parties that encountered difficulties uploading the names and personal particulars of their candidates through the commission’s nomination portal.
In a statement signed by the National Commissioner and Chairman of the Information and Voter Education Committee, Mohammed Kudu Haruna, the electoral body said the extension was intended to ensure that all parties are given a fair opportunity to complete the nomination process.
“The decision to extend was based on appeal by the Inter-Party Advisory Council, on behalf of political parties who were unable to upload the names and personal particulars of their candidates within the scheduled timeline,” the statement read.
According to the commission, the extension reflects its commitment to inclusivity and adherence to the provisions of the law governing the electoral process.
“The extension underscores the Commission’s commitment to ensuring inclusivity in its practices, while acting within the ambit of the law,” Haruna stated.
INEC urged political parties yet to complete the process to take advantage of the additional window and ensure that all required information is uploaded before the expiration of the new deadline.
The submission of candidates’ details marks a critical stage in preparations for the 2027 general election.
Under the revised timetable earlier released by the commission, political parties were required to upload nomination forms and candidates’ particulars for the Presidential and National Assembly elections between June 27 and July 11, 2026, through the dedicated Candidate Nomination Portal.
The revised electoral timetable was introduced after changes in the legal framework governing elections, which led to an adjustment of key pre-election activities and election dates.
Under the schedule, Presidential and National Assembly elections are slated for January 16, 2027, while Governorship and State Houses of Assembly elections will hold on February 6, 2027.
Following the close of nominations, INEC is expected to publish the personal particulars of candidates submitted by political parties, allowing members of the public and stakeholders to scrutinise the information as provided under the electoral process.
The publication of candidates’ particulars for the Presidential and National Assembly elections is scheduled for August 14, 2026.
INEC reiterated that no further delay should be expected and urged all parties to comply with the revised deadline to avoid disqualification from the nomination process.
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JUST IN: FG Announces New Minimum Salary for Ministry in 2026
The Federal Government says it has doubled the minimum monthly salary of Nigerian soldiers from N49,000 to N100,000 in its latest effort to improve troop welfare and strengthen morale.
Minister of Defence, Christopher Musa, disclosed the salary review during an interview with News Central.
He described the development as one of the welfare improvements introduced by the current administration for military personnel.
“When they started, a soldier was collecting N49,000 monthly. We tried so hard, now he’s collecting N100,000,” the minister said.
For decades, concerns over poor salaries, inadequate accommodation, delayed benefits and rising living costs have dominated discussions on military welfare.
Musa also dismissed allegations that soldiers were being poorly fed, describing claims circulating on social media as misleading.
Referring to a viral video involving a military officer identified as Justice Crack, he alleged that the footage was deliberately manipulated to create a false impression about the quality of meals served to troops.
“The soldier’s food was okay. There was meat; there was all this. But he told them to pull out those things and make it look as if those things were not there,” he said.
The minister’s remarks come as the Federal Government continues to pursue a mix of welfare reforms, increased security spending and renewed military operations aimed at improving the effectiveness of troops battling insecurity across the country.
But calls persist for greater investment in equipment, intelligence gathering and personnel welfare.
Musa maintained that Nigeria’s defence allocation remains inadequate to meet the enormous demands placed on the Armed Forces.
Responding to a question on whether the current defence budget was sufficient, he replied, “It’s not enough.”
He noted, however, that the government would continue investing in the welfare and operational capacity of the military to enable personnel to respond more effectively to the country’s security challenges.
The minister also advocated tougher punishment for kidnappers, calling for the introduction of the death penalty to discourage the growing wave of abductions across the country.
According to him, existing sanctions have failed to deter perpetrators.
“I think we should do that. There must be deterrence. The laws are soft, and that’s why people take advantage. If they know once you commit an offence, there must be punishment,” he said.
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Ex-Vice President Osinbajo Gets Fresh Appointment
Former Vice President, Yemi Osinbajo, has pledged to strengthen environmental conservation and climate action following his emergence as President of the Board of Trustees of the Nigerian Conservation Foundation (NCF).
Naija News reports that Osinbajo made the pledge on Wednesday while delivering his acceptance speech at the Foundation’s 37th Annual General Meeting in Lagos.
He paid tribute to the founding fathers of the NCF, particularly its President Emeritus, Chief Philip Asiodu, for their foresight in promoting environmental conservation decades before climate change became a global concern.
The former vice president also acknowledged the contributions of the late Chief S.L. Edu and other founding trustees, saying their vision laid the foundation for Nigeria’s environmental conservation movement.
According to him, the founders recognised the importance of biodiversity conservation long before climate change gained global prominence.
“They deserve our commendation and gratitude because, but for their vision, Nigeria would not have had the strong foundation it has today for climate action,” he said.
Osinbajo said the effects of climate change had become increasingly evident across Nigeria through flooding, rising temperatures and other environmental challenges.
He noted that parts of Europe were experiencing temperatures of between 38 and 41 degrees Celsius, a development he said underscored the urgency of collective climate action.
“There is no question that we are living in the most challenging times with respect to climate change,” he said.
The former vice president, however, expressed optimism that advances in technology, innovation and scientific knowledge would provide opportunities to tackle environmental problems more effectively.
According to him, Nigeria has the tools required to make significant progress in biodiversity conservation and environmental sustainability.
Osinbajo described the NCF as Nigeria’s foremost non-governmental organisation dedicated to environmental conservation and climate action.
He commended the Foundation’s trustees, members, management, staff, volunteers and development partners for sustaining its conservation programmes over the years.
Accepting his new role, Osinbajo pledged to build on the achievements of his predecessors and deepen collaboration with stakeholders.
“I accept this responsibility with great humility and gratitude.
“I look forward to working with the Board, management, staff, volunteers and partners to advance the Foundation’s mission and secure a healthier environment for future generations,” he said.
He also reaffirmed his commitment to strengthening the Foundation’s leadership role in biodiversity conservation and environmental sustainability in Nigeria.
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