Business
Zenith Sustains Banking Industry’s Best Corporate Governance Awards
Zenith Bank Plc has again, sustained its status as the the best regional bank in the adherence to global best practices and institutionalization of corporate governance, for four consecutive years.
The Award was conferred on the bank by The Ethical Boardroom magazine, an international magazine that delivers in-depth coverage and analysis of global corporate governance issues to help boards stay ahead of the governance curve.
The award, which was published in the Spring 2023 edition of the magazine,said that Zenith bank continues to sustain this reputation and reappraise its processes to ensure that its business conforms to the highest global standards at all times.
Speaking on the recognition, the Group Managing Director/Chief Executive of Zenith Bank Plc, Dr. Ebenezer Onyeagwu, said that the bank’s board has pioneered the exemplary governance culture for which we are now renowned.
” Indeed, this recognition reflects our steadfast commitment, discipline and high ethos in the conduct of our business and dedication to the principles of good corporate governance.
“This award will motivate us to strengthen this culture internally and advocate for good governance at every forum,” he said.
He dedicated the award to the Founder and Group Chairman, Jim Ovia, for providingthe template for an enduring and very successful institution; the Board for their vision and outstanding leadership; the staff for their dedication and commitment; and the bank’s customers for their unwavering loyalty to the brand.
Ohibaba.com learned that Zenith Bank has been generally adjudged a Corporate Governance compliant bank by the Nigerian Exchange (NGX) hence its listing on the Premium Board of the Exchange.
The bank’s track record of excellent performances has continued to earn it numerous awards including being recognised as the Number One Bank in Nigeria by Tier-1 Capital, for the 13th consecutive year, in the 2022 Top 1000 World Banks Ranking published by The Banker Magazine; Bank of the Year (Nigeria) in The Banker’s Bank of the Year Awards 2020 and 2022; Best Bank in Nigeria, for three consecutive years from 2020 to 2022, in the Global Finance World’s Best Banks Awards; Best Commercial Bank, Nigeria 2021 and 2022in the World Finance Banking Awards; Best Corporate Governance Bank, Nigeria in the World Finance Corporate Governance Awards 2022; Best Commercial Bank, Nigeria and Best Innovation In Retail Banking, Nigeria in the International Banker 2022 Banking Awards.
Also, the bank emerged as the Most Valuable Banking Brand in Nigeria in the Banker Magazine Top 500 Banking Brands 2020 and 2021, and Retail Bank of the year, for three consecutive years from 2020 to 2022, at the Business Day Banks and Other Financial Institutions (BAFI) Awards.
Similarly, Zenith Bank was named as Bank of the Decade (People’s Choice) at the ThisDay Awards 2020, Bank of the Year 2021 by Champion Newspaper, Bank of the Year 2022 by New Telegraph Newspaper, and Most Responsible Organisation in Africa 2021 by SERAS Awards
Business
Gas Marketers pleads for FG intervention over soaring price for common Nigerians
NALPGAM National President, Mr. Edu Inyang, said that cooking gas now sells between N1, 500 and N1, 700 per kilogram, the current situation has placed millions of households, food vendors, small businesses and low-income earners under severe pressure, as many Nigerians can no longer afford cooking gas for daily use.
The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) has appealed to the Federal Government to urgently intervene and stabilise the supply and pricing of cooking gas inoder to prevent further hardships on Nigerians.
NALPGAM National President, Mr. Edu Inyang, said that cooking gas now sells between N1, 500 and N1, 700 per kilogram, the current situation has placed millions of households, food vendors, small businesses and low-income earners under severe pressure, as many Nigerians can no longer afford cooking gas for daily use.
He disclosed that marketers pay between N25.2 million and N26.2 million for a 20-metric-tonne truck of liquefied petroleum gas, depending on location.
Business
Dollar to Naira exchange rate today, May 25, 2026
Data from the Central Bank of Nigeria’s NFEM window showed the official exchange rate hovering around ₦1,375 per dollar…
The Nigerian naira traded within a relatively stable range against the United States dollar on Monday, May 25, 2026, across both the official Nigerian Foreign Exchange Market (NFEM) and the parallel market.
Data from the Central Bank of Nigeria’s NFEM window showed the official exchange rate hovering around ₦1,375 per dollar, following the last recorded closing rate of ₦1,375.46/$ on May 22.
Meanwhile, rates in the parallel market, also known as the black market, remained slightly higher as Bureau De Change operators in Lagos and Abuja quoted the dollar at around ₦1,385 for buying and between ₦1,395 and ₦1,400 for selling.
(Vanguard)
Business
Customs Agents say National Window System worsening ports congestion
Amiwero pointed out that the Nigerian Revenue Service, which is driving the initiative, lacks the expertise required for customs and import procedures, insisting that tax administration and customs operations should remain separate.
The National Council of Managing Directors of Licensed Customs Agents, (NCMDLCA) has observed that the current structure of the National Single Window at Nigerian seaports fall short of the globally accepted model of a true single-window platform.
“The National Single Window is not effective. What we have now is more of a multiple-window system that duplicates Customs functions,” said Lucky Amiwero, the National President of NCMDLCA.
According to him, delays in obtaining approvals from agencies such as the National Agency for Food and Drug Administration and Control (NAFDAC) and the Standards Organisation of Nigeria (SON) have worsened congestion and increased the cost of doing business.
He said, “A proper single window should involve single administration, single transaction, and single delivery. Once processes are harmonised at the backend, cargo clearance should be seamless.
“But importers are still required to interact separately with agencies like NAFDAC and SON. That defeats the purpose of a single-window system.”
Amiwero, disclosed that some importers now pay as much as N100,000 daily in demurrage to shipping companies and terminal operators while awaiting approvals from regulatory agencies.
Amiwero also pointed out that the Nigerian Revenue Service, which is driving the initiative, lacks the expertise required for customs and import procedures, insisting that tax administration and customs operations should remain separate.
Gas Marketers pleads for FG intervention over soaring price for common Nigerians
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Dollar to Naira exchange rate today, May 25, 2026
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