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GLOBAL FINANCE BEST BANKS AWARDS 2022:  ZENITH BANK RETAINS ITS POSITION AS NIGERIA’S BEST BANK FOR THE THIRD TIME IN A ROW

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Zenith Bank

 

Zenith Bank Plc has emerged as the Best Bank in Nigeria in the Global Finance Magazine’s Best Banks Awards 2022, retaining the award for a third consecutive year. The Bank was among other banks from 36 countries in Africa recognised as the prestigious Global Finance announced its 29th Annual Best Bank Awards Winners.

The editors of Global Finance made the selections after extensive consultations with corporate financial executives, bankers and banking consultants, and analysts worldwide. Global Finance considered factors that ranged from the quantitative objective to the informed subjective in selecting the top banks. Objective criteria considered included: growth in assets, profitability, geographic reach, strategic relationships, new business development and innovation in products. Subjective criteria included the opinions of equity analysts, credit rating analysts, banking consultants and others involved in the industry.

Commenting on the award, the Group Managing Director/Chief Executive of Zenith Bank, Mr Ebenezer Onyeagwu said: “This award is a testament to our tenacity despite a very challenging macroeconomic environment. Indeed, being recognised, for the third consecutive year, is an acknowledgement of the resilience of the Zenith brand as the leading financial institution in Nigeria.” He lauded the contributions and efforts of the Bank’s key stakeholders – the Founder and Chairman, Jim Ovia, CON, for his pioneering role in building the structures and laying the foundation for an enduring and successful institution, the Board for the outstanding leadership they provide, the staff for their commitment and dedication as well as the Bank’s customers for their unwavering loyalty and support.

Global Finance’s “Best Banks Awards” are recognised amongst the world’s most influential banking/finance and corporate professionals as the most coveted and credible awards in the banking industry, with winners chosen in 150 countries and territories across Africa, AsiaPacific, the Caribbean, Central America, Central & Eastern Europe, Latin America, the Middle East, North America and Western Europe.

Founded in 1987, Global Finance regularly selects the top performers among banks and other financial services providers, and the awards have become a trusted standard of excellence for the global financial community. Joseph D. Giarraputo, publisher and editorial director of Global Finance, said: “With the financial world in a state of turmoil from Russia’s invasion of Ukraine, corporate leaders face a new set of challenges concerning the choice of their banking relationships.” According to him, “following on the enormous difficulties wrought by the pandemic, these changes demand increased attention to global commercial relationships. Our awards support decision-makers in selecting the best financial partners.”

Zenith Bank’s track record of excellent performance has earned the brand numerous awards, including being voted as Best Commercial Bank in Nigeria in the World Finance Banking Awards 2021, Best Bank in Nigeria in the Global Finance World’s Best Banks Awards 2020 and 2021, Bank of the Year (Nigeria) in The Banker’s Bank of the Year Awards 2020, and Best in Corporate Governance ‘Financial Services’ Africa 2020 and 2021 by the Ethical Boardroom. Also, the Bank emerged as the Most Valuable Banking Brand in Nigeria in the Banker Magazine Top 500 Banking Brands 2020 and 2021, Number One Bank in Nigeria by Tier-1 Capital in the “2021 Top 1000 World Banks” Ranking by The Banker Magazine and the Retail Bank of the year at the BusinessDay Banks and Other Financial Institutions (BOFI) Awards 2020 and 2021.

Similarly, Zenith Bank was honoured as Bank of the Decade (People’s Choice) at the ThisDay Awards 2020 and emerged winner in four categories at the Sustainability, Enterprise, and Responsibility (SERAS) Awards 2021, carting home the awards for “Best Company in Reporting and Transparency”, “Best Company in Infrastructure Development”, “Best Company in Gender Equality and Women Empowerment”, and the coveted “Most Responsible Organisation in Africa.

 

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CIPM appoints a new Registrar/Chief Executive, Oluwatoyin Naiwo

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A former Director, Strategy, Advocacy & Stakeholder Relations of the Chartered Institute of Personnel Management of Nigeria (CIPM) Oluwatoyin Naiwo has been appointed as Registrar and Chief Executive of the Institute.

According to the Institute, Naiwo’s appointment takes effect from Monday, September 12, 2022.

Her appointment was announced in a statement by the CIPM President, Olusegun Mojeed.

‘Ms Naiwo is no newcomer to the CIPM having served as Director, Strategy, Advocacy & Stakeholder Relations, with the responsibility of driving the Institute’s strategy development and execution process, spearheading the Institute’s role in advocating a legislative agenda on Human Capital matters with the Nigerian government, building and maintaining relationships with governmental (Federal and State) and non-governmental institutional stakeholders both within Nigeria and internationally to extend CIPM’s reach and influence,’ the CIPM President said in a statement.

Aside her previous role in CIPM, Naiwo has a grasp of comprehensive and strategic understanding of business and technical issues and Human Resource Management. Her diverse experience in Human Resource Management spans over a twenty-eight (28) years period across industries and sectors in the United Kingdom and Nigeria.

Elaborating further on Naiwo’s leadership experience across board and what her appointment means for the Institute, the CIPM President said: ‘Ms. Naiwo has extensive leadership experience across industries and sectors and has demonstrated her ability to build successful organisations and businesses. We are confident that the Registrar and the new team will be a force in developing and driving CIPM forward in line with our vision to be the Institute of choice for People Management’

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Apostle Suleman Wears New Look, Style

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What is a preacher supposed to look like?’ I didn’t know they had a specific style code,” Brother Gift, a member of the Omega Fire Ministries (OFM) took a jibe at this interviewer when approached to speak on his General Overseer, Apostle Johnson Suleman’s new haircut and regular trendy dressing. “There’s nothing naturally wrong with a man of God having a trendy haircut or adorning a Brunello Cucinelli suit and Brooks Brothers tie as long as it is not meant to oppress or being ostentatious,” Brother Gift posits avers.

 

 

Apostle Suleman is one of the most stylish Nigerian pastors that are both anointed and gifted with admirable taste for fashion. He smells of class and good taste and, with a fresh approach to dress and doctrine, his smart form, at every service hour, does command his congregation like a charismatic conductor, motivating them to both thunderous cheers and introspective silence.

 

 

His new hair style, a skin fade patterned cut, is the talk in town. His admirers have continued to make his new hair style that matches perfectly his naturally fashionable look the latest topic. That pastors are heavenly conscious, doesn’t mean they can’t be earthly relevant, Apostle Suleman’s followers argue, adding that, combining fabrics and having a sense of fashion is a gift that some men are naturally endowed with, regardless of their circular or spiritual inclination.

 

 

For Suleman, he is a man with class and style. He is a fashion conscious man to the core. His choice of what to put on at a particular time and having them sit perfectly is astonishing. He serves his church members this consistent fashion sense and they say the style has been a major one for the man popularly referred as ‘The Restoration Apostle’  over the years.

 

 

Stepping out to give sermons in his usual smart look, Suleman doesn’t just look different than the stereotypically buttoned-up men of God, he is also reaching younger audiences in a way that the old-fashioned preachers simply aren’t. With a natural and genuine interest in modern style and culture, along with a more contemporary perspective, men of God like Apostle Suleman are changing how the current youth generation relates to Christianity.

 

 

Equally, apart from keeping the home front, Suleman’s wife, Lizzy Suleman, who has  been described as ‘edifying and encouraging individuals to live a purposeful life and achieve their dreams’ also cannot be shoved aside when it comes to style. She also is an epitome of beauty and class. Effortlessly glamorous, insiders say Lizzy only uses light make-up, which brightens her already beautiful look.

 

 

Fresh from his successful ‘Mighty Turnaround Crusade’ in Douala, Cameroun, Apostle Suleman agrees that it is important for the followers to be able to relate to their pastor on many levels; whether it’s style, culture, including religion.

 

“Having this relatable, approachable appearance is a way to immediately tear down a lot of walls between men of God and the people they are trying to reach. The message I am passing with my style is that I want to be fine to be who I am and to uniquely walk out to be who God has called me to be, Suleman declares.

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PRUDENTIAL ZENITH LIFE INSURANCE RECORDS 75% GROWTH IN PROFIT AFTER TAX IN FULL YEAR 2021 RESULTS

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Prudential Zenith Life Insurance Limited (“PZL”) has announced its audited financial results for the year ended 31st December 2021, recording a 75% growth in profit after tax (PAT) of 1.13b compared to the 646m recorded in the corresponding period in 2020.

The results, which was approved by the Board of Directors of Prudential Zenith and the insurance industry regulator, the National Insurance Commission (NAICOM), shows that Gross Written Premium (GWP) and Annualized Premium Equivalent (APE) grew year on year by 16.3% and 9.3% respectively. This was primarily driven by 27% growth in new business acquisition for Group Life written during the period.

Investment income grew by 30% year-on-year due to a significant increase in the interest-generating assets of the company, and commission income also increased by 43% during the period. 

The financial performance is a testament to the continued focus on investments, as the company remains committed to building a strong market-leading position in Nigeria by enhancing its capabilities, strengthening its digitally enabled multi-channel distribution network, and broadening the range of products and services that are available to customers in order to meet their needs. 

Despite the challenges experienced during the Covid-19 pandemic in 2020, Prudential Zenith was able to achieve this strong growth in 2021 and is poised to continue improving its performance in the upcoming financial years. Prudential Zenith will continue to develop and launch unique products to meet customers’ needs, leveraging technology and its core corporate governance structure to deliver faster claims settlement. The company will also continue to prioritize the health, safety, and welfare of customers, who subscribe to its unique insurance product offerings.

Prudential Zenith Life Insurance Ltd (PZL) is a subsidiary of Prudential Plc., established in 2017 when Prudential Plc acquired a 51% holding in Zenith Life Insurance. PZL is one of the most capitalized companies in the Nigerian insurance industry with a wide range of individual products including savings & investments-linkedproducts, endowment, and protection products designed to meet the needs of individuals and their families.  For corporate clients, the company’s product offerings includeGroup Life, Key-Man Assurance, Credit Life, School Fees Protection, and Mortgage Protection, ensuring that the welfare of clients’ staff and families are met.  

Prudential Plc provides life and health insurance, and asset management in Africa and Asia, helping people get the most out of life by making healthcare affordable and accessible and by promoting financial inclusion. Prudential protects people’s wealth, helps them grow their assets, and empowers them to save for their goals. It has more than 19 million life customers and is listed on stock exchanges in London (PRU), Hong Kong (2378), Singapore (K6S), and New York (PUK).

Prudential Plc has insurance operations in eight countries in Africa: Nigeria, Cameroon, Cote d’Ivoire, Ghana, Kenya, Togo Uganda, and Zambia.  With over 1 million customers, Prudential Africa works with over 11,000 agents and six exclusive bank partnerships, with access to over 600 branches to bring value-added insurance solutions to its customers.

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