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UBA, AccessCorp Lead Trading Volume as Market Capitalization Tops ₦94 Trillion

  • dollaers
  • October 18, 2025
  • Finance
  • 0 comments

The Nigerian Exchange (NGX) closed Friday, October 17, 2025, on a strong note as the All-Share Index (ASI) advanced by 622.7 points to settle at 148,977.8, moving closer to the 149,000 mark.

This marks a 0.42% increase from Thursday’s 148,355.1 points, as renewed investor confidence fueled both price gains and higher trading activity.

Market capitalization also expanded from ₦94.1 trillion to ₦94.5 trillion, while total trading volume rose to 480 million shares, up from 432 million recorded in the previous session.

Market Leaders and Laggards

Top Gainers:

  • EUNISELL — up 10.00% to ₦48.90

  • UPDC — up 9.92% to ₦6.98

  • SOVRENINS — up 9.51% to ₦3.57

  • UNIVINSURE — up 9.09% to ₦1.20

  • DAARCOMM — up 8.74% to ₦1.12

Top Losers:

  • LIVINGTRUST — down 10.00% to ₦4.50

  • INTENEGINS — down 8.39% to ₦2.73

  • CONHALLPLC — down 6.29% to ₦4.47

  • STERLINGNG — down 4.88% to ₦7.80

  • WAPIC — down 4.55% to ₦3.15

Trading Activity

UBA and AccessCorp dominated the market in volume terms, accounting for the largest number of traded shares.

  • UBA: 59.1 million shares

  • ACCESSCORP: 50.3 million shares

  • FIDELITYBK: 46.9 million shares

  • SOVRENINS: 34.2 million shares

  • TANTALIZER: 24.5 million shares

In value terms, Dangote Cement (DANGCEM) led the board with ₦2.6 billion worth of trades, followed by:

  • UBA: ₦2.4 billion

  • ACCESSCORP: ₦1.2 billion

  • MTNN: ₦1.16 billion

  • FIDELITYBK: ₦944 million

SWOOT and FUGAZ Overview

Among the Stocks Worth Over One Trillion Naira (SWOOTs), performance was largely positive:

  • BUA FOODS rose 3.22%

  • LAFARGE gained 1.88%

  • STANBIC IBTC added 0.81%

  • MTNN edged up 0.66%

  • DANGOTE CEMENT advanced 0.03%

Decliners included INTBREW (-3.33%), NB (-0.78%), and FIDELITYBK (-0.50%).

For the FUGAZ group:

  • ZENITHBANK gained 0.22%

  • ACCESSCORP rose 0.58%

  • UBA closed flat

  • FIRSTHOLDCO dropped 1.88%

  • GTCO slipped 0.21%

Market Outlook

The Nigerian stock market remains on a bullish trajectory, with the ASI edging closer to the 149,000 threshold. Analysts anticipate continued upward momentum in the coming sessions, supported by strong Q3 earnings expectations and positive investor sentiment across key sectors.

Key Market Data:

  • ASI: 148,977.8

  • Change: +0.42%

  • YTD Performance: +44.74%

  • Volume: 480.8 million shares

  • Market Cap: ₦94.5 trillion

Over Half of Migrant HIV Infections in Switzerland Happen After Arrival — Study

  • dollaers
  • October 18, 2025
  • Health
  • 0 comments

A new study presented at the 2025 European AIDS Clinical Society (EACS) Congress has revealed that more than 50% of HIV cases among migrants in Switzerland are acquired after migration, underscoring the need for better prevention and testing programs targeted at migrant communities.

The research, based on data from the Swiss HIV Cohort Study (SHCS) spanning 2010 to 2024, analyzed 3,490 participants — 1,777 Swiss nationals and 1,713 migrants — excluding individuals with perinatal HIV infections. The findings show a steady rise in the number of migrants joining the cohort, with migrants representing a median of 52% of new participants.

Researchers say this trend reflects Switzerland’s changing demographics and the increasing health relevance of its migrant population.

Majority Diagnosed After Migration

According to the study, 62.1% of migrants were diagnosed with HIV after moving to Switzerland, while 37.9% received their diagnosis before migration.

Among those infected post-migration, the most common transmission routes were:

  • Men who have sex with men (MSM): 43.1%

  • Female heterosexuals: 27.2%

  • Male heterosexuals: 18.9%

Migrants diagnosed after arrival also had significantly lower CD4 counts than Swiss nationals, indicating later detection. The average time from immigration to diagnosis differed by group — six years for male heterosexuals, five for MSM, and two for female heterosexuals.

The study’s authors stressed that distinguishing between new infections acquired in Switzerland and delayed diagnoses of pre-existing infections is vital for crafting more effective public health responses.

Broader Health Implications

Experts warn that late diagnosis not only harms individual health outcomes but also poses serious public health risks, as people unaware of their HIV status are less likely to start treatment early — increasing the likelihood of further transmission.

They called for inclusive, culturally tailored HIV programs that address language barriers, stigma, and healthcare inaccessibility among migrants.

A Europe-Wide Challenge

The Swiss findings mirror broader European trends, where migrants — especially from sub-Saharan Africa and non-EU countries — are disproportionately affected by late HIV diagnoses.

  • A UK Health Security Agency report found that 65% of migrant MSM cases were diagnosed after migration.

  • A multicountry study published in AIDS Journal revealed that 63% of migrants across nine European nations, including 45% of sub-Saharan Africans, acquired HIV post-migration.

  • Eurosurveillance (2024) data also showed that nearly half of new HIV cases in the EU/EEA between 2014 and 2023 involved migrants, with over half (52%) classified as late diagnoses.

Earlier analyses by the European Centre for Disease Prevention and Control (ECDC) further confirmed that migrants from sub-Saharan Africa face the highest risk of late HIV presentation.

Researchers and public health experts agree that these findings highlight an urgent need for targeted HIV screening, community outreach, and early testing initiatives designed to bridge the healthcare gap for migrant populations across Europe.

SEC Cautions Nigerians Against Investing in “Shalom Coin” Over High Fraud Risks

  • dollaers
  • October 18, 2025
  • Finance
  • 0 comments

The Securities and Exchange Commission (SEC) Nigeria has issued a strong warning to the public against investing in a digital token known as “Shalom Coin (SHLM)”, citing serious concerns about potential fraud and unregulated activity.

In a statement released on Friday, October 17, 2025, the SEC said it had received reports about individuals and groups promoting Shalom Coin as a lucrative investment allegedly issued on the Ethereum Blockchain as an ERC-20 token.

“The attention of the Securities and Exchange Commission, Nigeria, has been drawn to the activities of certain cryptocurrency promoters advertising a digital token known as ‘Shalom Coin (SHLM)’ as an investment opportunity purportedly issued on the Ethereum Blockchain,” the statement read.

Findings Raise Red Flags

According to the SEC’s preliminary investigation, Shalom Coin is being heavily marketed across various social media and online platforms as a “meme coin” or community token, with exaggerated claims of high returns on investment.

Further analysis revealed that the token’s smart contract contains concerning features that allow its creator to alter trading permissions, transaction fees, and even total token supply—functions that could be easily exploited to defraud investors.

The Commission described the coin’s structure and promotional methods as “highly suspicious”, warning that such setups often evolve into crypto scams or pump-and-dump schemes.

No Authorization or Registration

The SEC made it clear that neither the promoters nor the issuers of Shalom Coin are registered or licensed to operate within the Nigerian capital market.

“Consequently, ‘Shalom Coin (SHLM)’ is not approved by the Commission for issuance, trading, or offering to the investing public in Nigeria,” the statement emphasized.

Investors were urged to exercise extreme caution and avoid engaging with Shalom Coin or similar unregistered digital assets. The SEC reiterated that anyone who invests in such offerings does so entirely at their own risk.

How to Verify Legitimate Investments

To protect themselves from fraudulent schemes, the SEC advised the public to verify the authenticity of any digital asset, its promoters, or trading platforms by visiting the Commission’s official website: www.sec.gov.ng/cmos.

The regulator also encouraged investors to check that all digital asset platforms are properly licensed and comply with Nigeria’s capital market regulations before making any commitments.

SEC’s Broader Efforts to Regulate Crypto in Nigeria

This warning forms part of the SEC’s wider initiative to clamp down on unregistered crypto operators and safeguard Nigerian investors from scams.

In 2024, SEC Director-General Dr. Emomotimi Agama reaffirmed the Commission’s commitment to protecting investors while supporting responsible innovation in the fintech and blockchain space.

That same year, SEC granted approval-in-principle to two licensed crypto exchanges—Quidax and Busha—making them the first officially regulated platforms in the country.

Agama noted that several applications from other crypto exchanges were still under review and emphasized that only those meeting strict regulatory standards would be approved.

He also cautioned that while the Commission supports digital innovation, it will not tolerate misleading promotions or fraudulent activities that put investors and the economy at risk.

“Innovation must operate within the boundaries of law and transparency,” Agama said, reaffirming the SEC’s mission to maintain a safe, trustworthy, and well-regulated financial ecosystem in Nigeria.

U.S. Introduces $1,000 Immigration Parole Fee Under New Rule

  • dollaers
  • October 17, 2025
  • Finance
  • 0 comments

The United States Citizenship and Immigration Services (USCIS) has announced a new $1,000 immigration parole fee for certain individuals granted parole into the country.

The rule, introduced under the H.R. 1 Reconciliation Bill, took effect on October 16, 2025, and will be adjusted annually to reflect inflation, according to a USCIS statement.

“The fee is $1,000 for FY 2025 and is subject to annual adjustments for inflation. You must pay this fee when you are paroled into the United States, unless you qualify for an exception,” the agency said.

What is Immigration Parole?

Immigration parole allows noncitizens to enter or remain temporarily in the U.S. for urgent humanitarian reasons or public benefit, even if they do not hold a visa.

Under the new rule, most individuals entering or re-entering the U.S. on parole will be required to pay the $1,000 fee. This applies whether they are seeking to enter, extend, or renew their parole status.

The policy affects anyone granted parole or re-parole on or after October 16, 2025.

USCIS noted that some individuals may qualify for exemptions, which will be detailed in a forthcoming Federal Register notice from the Department of Homeland Security (DHS).

Payment Process

USCIS emphasized that applicants should not pay the fee upfront when filing their parole application (Form I-131).

Instead, the agency will first review the request. If approved, USCIS will issue a payment notice containing instructions and a payment deadline.

“Do not pay the immigration parole fee when you submit Form I-131,” USCIS advised. “The fee will be collected when you are paroled into the United States.”

Failure to pay the required fee, the agency warned, will result in automatic denial or cancellation of parole.

Broader Immigration Fee Changes

The new parole fee is part of a wider overhaul of U.S. immigration costs implemented under the H.R. 1 legislation earlier in 2025.

Other recent adjustments include:

  • $100 filing fee for new asylum applications (Form I-589)

  • $100 annual asylum maintenance fee for pending applications

  • $550 fee for a new Employment Authorization Document (EAD) and $275 for renewals or re-parole applications

  • $250 fee for Special Immigrant Juvenile Status (SIJ) under Form I-360

  • $500 registration fee for Temporary Protected Status (TPS), up from $50

Why It Matters

The $1,000 parole fee represents a significant policy shift, potentially adding financial pressure on asylum seekers, refugees, and humanitarian applicants who depend on parole programs for urgent entry into the U.S.

While the USCIS maintains that the fee aligns with administrative cost recovery goals, immigration advocates have expressed concern that it could discourage access to humanitarian relief for vulnerable groups.

CBN and Bank of Angola Sign MoU to Deepen Financial Cooperation

  • dollaers
  • October 17, 2025
  • Bank, Fintech
  • 0 comments

The Central Bank of Nigeria (CBN) and the Bank of Angola have signed a Memorandum of Understanding (MoU) to enhance bilateral collaboration and strengthen institutional capacity in central banking operations.

The signing took place on Thursday in Washington D.C., on the sidelines of the IMF/World Bank Annual Meetings, marking a key milestone in growing financial cooperation between both countries.

The agreement was signed by CBN Governor, Yemi Cardoso, and Bank of Angola Governor, Manuel Antonio Tiago Diaz.

Strengthening Cross-Border Financial Relations

Speaking at the ceremony, CBN Governor Yemi Cardoso described the MoU as a timely step toward fostering stronger regional ties and advancing Africa’s financial integration agenda.

“What we have done today reflects the very spirit of the IMF and World Bank annual meetings,” Cardoso said, noting that the global forum provides an ideal platform for collaboration among countries and institutions.

He emphasized that enhanced cooperation between African central banks would help address shared economic challenges, promote transparency, and improve financial system stability across the continent.

Framework for Technical and Institutional Collaboration

CBN Deputy Governor for Economic Policy, Mohammed Abdullai, highlighted that the agreement will establish a bilateral platform for technical exchanges and cross-border supervision of licensed financial institutions.

He explained that the key areas of cooperation include:

  • Exchange control and financial markets

  • Foreign reserves and currency management

  • Payment systems and financial sector development

  • Banking supervision, regulation, and market conduct

  • Joint research, monitoring, and capacity building

Abdullai added that training and knowledge-sharing will be central to the partnership, ensuring both institutions build technical depth and align with international best practices.

Advancing Africa’s Financial Integration

The collaboration between the CBN and the Bank of Angola reflects a growing recognition of intra-African cooperation as a crucial driver of sustainable economic growth and resilience.

By working together on financial oversight, transparency, and institutional development, both central banks aim to contribute to a more integrated and robust financial landscape across Africa.

Context

Earlier in the week, Governor Yemi Cardoso met with leading figures in Nigeria’s fintech sector at a closed-door session themed “Shaping the Future of Fintech in Nigeria: Innovation, Inclusion, and Integrity.”

During the meeting, he urged fintech innovators to balance rapid technological growth with strong governance and consumer protection, reaffirming the CBN’s commitment to maintaining stability and trust within Nigeria’s evolving financial ecosystem.

NSLTECH, Sterling Lead Gainers as NGX All-Share Index Hits Historic 148,000 Mark

  • dollaers
  • October 17, 2025
  • Finance
  • 0 comments

The Nigerian stock market continued its bullish momentum on October 16, 2025, as the All-Share Index (ASI) surged past the 148,000-point milestone for the first time in history.

The benchmark index gained 612.8 points or 0.41%, closing at 148,355.1, compared to 147,742.2 in the previous session. Market activity also strengthened, with trading volume climbing to 432 million shares, up from 388 million recorded a day earlier.

Market Capitalization Crosses N94 Trillion

Total market capitalization rose to N94.1 trillion, up from N93.7 trillion in the previous session, as investors showed renewed interest in large and mid-cap equities. Trading occurred across 23,665 deals, reflecting sustained optimism across sectors.

Top Gainers and Losers

NSLTECH and STERLINGNG topped the gainers’ list, advancing 7.06% and 6.49% respectively. Other notable gainers included LIVESTOCK (+5.33%), TIP (+5.18%), and MAYBAKER (+4.99%).

On the flip side, SUNUASSUR led the decliners, falling 9.71% to close at N5.21, followed by HMCALL (-7.53%), DAARCOMM (-6.36%), SOVRENINS (-6.05%), and CUSTODIAN (-4.55%).

Market Summary

  • Current ASI: 148,355.1

  • Previous ASI: 147,742.2

  • Day Change: +0.41%

  • Year-to-Date Performance: +44.14%

  • Volume Traded: 432 million shares

  • Market Cap: N94.1 trillion

Most Active Stocks

CONHALLPLC led in trading volume with 40.9 million shares, followed by ACCESSCORP (40.3 million), GTCO (27.5 million), ZENITHBANK (25 million), and TANTALIZER (22.2 million).

In terms of value, GTCO dominated with trades worth N2.57 billion, trailed by ARADEL (N2.52 billion), ZENITHBANK (N1.7 billion), NESTLE (N1.3 billion), and MTNN (N1.06 billion).

SWOOT and FUGAZ Performance

Among the Stocks Worth Over One Trillion Naira (SWOOTs), performance was mixed:

  • DANGCEM rose 2.42%, LAFARGE gained 2.31%, INTBREW advanced 1.69%, ARADEL edged up 0.48%, STANBIC IBTC added 0.17%, and MTNN gained 0.06%.

  • FIDELITYBK was the only laggard, down 0.25%.

Within the FUGAZ group, FIRSTHOLDCO gained 2.4%, ACCESSCORP inched up 0.19%, and GTCO rose 0.11%. Meanwhile, UBA slipped 0.94% and ZENITHBANK dipped 0.07%.

Market Outlook

The Nigerian Exchange (NGX) remains in strong bullish territory, with the ASI breaking key resistance levels on the back of broad-based buying interest.

Analysts expect the rally to continue in the near term as third-quarter corporate earnings begin to roll in, potentially driving further gains amid sustained investor confidence and positive market sentiment.

AGF Fagbemi Clarifies Presidential Clemency Process, Says No Inmate Has Been Released

  • dollaers
  • October 17, 2025
  • Law
  • 0 comments

The Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi (SAN), has clarified the status of the recent presidential clemency exercise, stating that the process is still under administrative review and that no inmate granted pardon has been released.

In a statement issued on Thursday titled “Presidential Prerogative of Mercy Exercise at Review Stage, Not Final – AGF Fagbemi,” the Minister explained that the final list of beneficiaries, including convicts involved in illegal mining, financial crimes, and drug-related offenses, is currently undergoing verification by relevant authorities.

Review Stage Still Ongoing

Fagbemi emphasized that the clemency process remains at the final administrative phase, during which authorities conduct a thorough review to ensure all recommendations meet constitutional and procedural standards.

“It is important to note that the last stage of the exercise, after approval by the Council of State, is the issuance of the instrument for implementation of the decision concerning each beneficiary,” Fagbemi said.
“This stage affords an opportunity for a final look at the list for remedial purposes, if any, before the instrument is forwarded to the Controller-General of Corrections for necessary action.”

He noted that the review stage is critical to maintaining transparency and ensuring that only those who meet the criteria for clemency ultimately benefit.

Legal Basis for Clemency

The Attorney-General cited Section 175 of the 1999 Constitution, which grants the President the power to pardon or commute the sentences of persons convicted of offenses under federal law. The provision allows the President to exercise the prerogative of mercy, either unconditionally or under lawful conditions.

Fagbemi acknowledged the public’s concerns over the list of proposed beneficiaries, many of whom were involved in high-profile cases. However, he assured Nigerians that due diligence remains a priority.

“We appreciate the vigilance and constructive feedback from the public. The government is committed to ensuring that the process adheres strictly to legal standards so that only deserving individuals benefit from the President’s mercy,” he said.

Background to the Controversy

The clarification follows public debate after Bayo Onanuga, Special Adviser to the President on Information and Strategy, released details of 175 individuals who had been granted presidential clemency on October 12, 2025.

Among the reported beneficiaries were convicts linked to financial fraud, illegal mining, drug offenses, and historical cases such as Major General Mamman Vatsa, Professor Magaji Garba, Ken Saro-Wiwa, and Maryam Sanda.

According to the Presidency, the decision was influenced by various factors, including remorse, good conduct, old age, health conditions, and vocational rehabilitation while in custody.

How the Process Works

The Presidential Advisory Committee on the Prerogative of Mercy (PACPM), chaired by Fagbemi, plays a central role in vetting candidates. In its recent recommendation, the committee proposed clemency for 82 inmates, commutation of sentences for 65, and pardon for 15 former convicts (including 11 deceased individuals).

Additionally, seven inmates on death row were recommended for reprieve, with their sentences to be commuted to life imprisonment.

The report was presented to the Council of State, chaired by President Bola Ahmed Tinubu, for deliberation and approval. However, Fagbemi stressed that this does not equate to automatic release, as the administrative processes must be concluded before any official implementation.

Reactions and Implications

While several human rights and legal stakeholders commended the government’s gesture as a demonstration of compassion, others cautioned that releasing offenders convicted of serious crimes could undermine justice and demotivate law enforcement officers.

Fagbemi assured the public that the administration remains committed to justice, fairness, and due process, adding that every decision under the prerogative of mercy would align with the rule of law and national interest.

“The review process is a safeguard. It ensures that mercy does not override justice, but rather complements it,” the AGF concluded.

This clarification seeks to allay public fears and reaffirm the government’s resolve to ensure integrity and accountability in the exercise of presidential powers.

Customers Applaud NEM Insurance for Excellent Service, Prompt Claims, and Reliability

  • dollaers
  • October 17, 2025
  • Insurance
  • 0 comments

NEM Insurance Plc has received widespread commendation from customers and industry stakeholders for its exceptional service delivery, timely claims settlement, and adoption of technology that enhances customer experience. The praises came during the celebration of Customer Service Week 2025, an event that offered clients a platform to share feedback and celebrate service excellence.

Celebrating Customer-Centric Excellence

As one of Nigeria’s top three insurance firms and the leading non-life insurer by revenue, NEM Insurance has continued to demonstrate consistency in customer satisfaction. During the week-long celebration, customers visited the company’s head office and branches nationwide to express their appreciation and share positive experiences with staff and management.

Many clients described NEM Insurance as a trusted partner that combines professionalism, innovation, and empathy in delivering services. They emphasized that the insurer’s commitment to maintaining strong relationships and ensuring prompt claims payment has distinguished it in the competitive insurance market.

Industry Leaders Share Their Experiences

Kayode Ogunbotu, Managing Director of Senforce Insurance Brokers, praised NEM Insurance for its swift claims response and reliable communication.

“There are no difficulties dealing with NEM. Their staff are friendly, responsive, and their technology makes transactions seamless,” Ogunbotu said. “I’ve been working with them for over 35 years, and their consistency in paying claims, including one as large as ₦50 million, is remarkable.”

He encouraged businesses and individuals to trust NEM Insurance with their risks, noting that the company has the financial strength to meet obligations without delay.

Similarly, Lateef Akintoye, Managing Director of Hope Equity & Trust Insurance Brokers Limited, described NEM as proactive and customer-focused. He highlighted the company’s efficiency in handling claims once proper documentation is complete.

“NEM Insurance stands out because they settle claims within hours after verification,” Akintoye stated. “Prompt claims payment remains the hallmark of insurance, and NEM continues to prove its reliability in this regard.”

He also urged the public to embrace insurance and secure policies with dependable firms like NEM Insurance, adding that “life is full of risks, but with NEM, customers can always count on timely support.”

Long-Term Partners Express Confidence

Courage Insurance Brokers Limited, a long-standing partner of NEM Insurance, commended the company for being dependable and consistent in partnership for over a decade. The brokerage firm lauded NEM’s management for its flexibility, strong ethics, and commitment to sustaining client relationships.

A long-term individual client, Mr. Tomiwa, who has been insured with NEM since 2018, also shared his satisfaction.

“NEM Insurance gives me peace of mind,” he said. “Once documentation is complete, my claims are paid promptly without any hassle.”

Management Reaffirms Commitment to Customers

Responding to the commendations, Mr. Andrew Ikekhua, Managing Director of NEM Insurance Plc, expressed appreciation to the company’s customers for their trust and loyalty over the years. He noted that NEM’s success is rooted in its customers’ unwavering support and feedback, which continue to shape the company’s operational improvements.

“We are grateful to our customers for believing in our vision,” Ikekhua said. “Our journey has always been about putting people first, and we are committed to walking with our clients through every challenge and success story.”

He reaffirmed that NEM Insurance is repositioning its operations to provide even more customer-centered solutions, emphasizing that the company’s ultimate goal is to “continue winning together with our customers.”

Strengthening Trust in Nigeria’s Insurance Sector

NEM Insurance’s recognition during Customer Service Week 2025 underscores its leadership in Nigeria’s insurance industry and its ongoing efforts to raise service standards. The company’s blend of innovation, transparency, and prompt claims management continues to inspire customer confidence and set benchmarks for others in the sector.

Jim Ovia Reaffirms Zenith Bank’s Commitment to Shareholder Value at NGX Closing Gong Ceremony

  • dollaers
  • October 16, 2025
  • Bank
  • 0 comments

Zenith Bank Plc has once again reinforced its commitment to transparency, growth, and shareholder value during a prestigious closing gong ceremony held at the Nigerian Exchange (NGX) on October 14, 2025.

The event was led by Dr. Jim Ovia, CFR, Founder and Chairman of Zenith Bank, alongside the Group Managing Director/CEO, Dame Dr. Adaora Umeoji, OON. The ceremony marked the official close of the trading day and celebrated the bank’s enduring partnership with the Nigerian capital market.


Strong Market Performance and Investor Confidence

Speaking at the event, Dr. Adaora Umeoji highlighted the NGX’s innovative leadership and its contribution to Zenith Bank’s success, particularly through its electronic trading platform, X-Stream, which played a key role in the bank’s recent recapitalization exercise.

“Our recapitalization achieved a 160% subscription rate,” she said. “Zenith Bank’s share price has more than doubled—from ₦36.50 to ₦68—while we reported record-breaking financial results for the first half of 2025, emerging as Nigeria’s most profitable bank and the highest dividend payer in the industry.”

Dr. Umeoji reaffirmed the bank’s dedication to delivering consistent value to shareholders.

“We remain focused on rewarding investor confidence with enhanced dividends by year-end. Our strategy is centered on expansion into markets where we can scale and drive stronger returns,” she said.


Market Growth and Industry Recognition

In his remarks, Dr. Emomotimi Agama, Director General of the Securities and Exchange Commission (SEC), commended Zenith Bank and other market players for their contributions to Nigeria’s economic growth.

“Market capitalization has risen from ₦55 trillion to between ₦89 and ₦93 trillion in just over a year,” he noted. “This progress reflects the vision, courage, and transparency of institutions like Zenith Bank. Our goal is to push market capitalization beyond ₦200 trillion by next year.”

Also speaking at the event, Alhaji Rasheed Yusuf, the Doyen of the NGX, praised Dr. Ovia’s leadership, describing him as the “Doyen of the commercial banking sector” for his visionary impact on Nigeria’s financial industry.


Commitment to Excellence and Global Expansion

Zenith Bank continues to pursue a growth strategy centered on innovation, transparency, and expansion into new markets. The bank intends to leverage capital raised from recent offerings to enhance scalability and improve service delivery across its operations.

The institution’s track record of excellence has earned it multiple accolades, including:

  • Number One Bank in Nigeria by Tier-1 Capital for 16 consecutive years (The Banker, 2025).

  • Nigeria’s Best Bank at the Euromoney Awards for Excellence 2025.

  • Best Commercial Bank, Nigeria (2021–2025) – World Finance Banking Awards.

  • Best Corporate Governance Bank, Nigeria (2022–2025) – World Finance Corporate Governance Awards.

  • Most Responsible Organisation in Africa (2024) – SERAS CSR Awards Africa.

These achievements underscore Zenith Bank’s unwavering commitment to corporate governance, sustainability, and shareholder value.

Dere Awosika, Olufemi Shobanjo, and Ruth Kadiri to headline FinTribe Finance Fair 2025 in Lagos

  • dollaers
  • October 16, 2025
  • Finance, Fintech
  • 0 comments

FinTribe, Africa’s largest financial community for women, has announced its upcoming flagship event — the FinTribe Finance Fair 2025 — scheduled to take place on October 25th in Victoria Island, Lagos.

Themed “Level Up,” this year’s fair aims to move beyond basic financial literacy to focus on wealth creation, financial independence, and long-term economic influence for women. The event will combine expert insights, practical sessions, and one-on-one mentorship opportunities designed to help participants take immediate, actionable steps toward financial empowerment.

Headlining this year’s edition are notable industry and creative leaders, including Dr. (Mrs.) Ajoritsedere Awosika, former Chairperson of Access Bank Plc; Mr. Olufemi Shobanjo, CEO of NGX Regulation Limited; award-winning actor and producer Ruth Kadiri; and Ayanime Edem, founder of The Elite Finishing School (TEFS). The speakers will share diverse perspectives across finance, leadership, and entrepreneurship, inspiring women to turn financial knowledge into tangible results.

Founder of FinTribe, Jennifer Awirigwe—popularly known as Financial Jennifer—said the fair is designed as a transformative experience.

“‘Level Up’ is more than a theme; it’s a call to action,” Awirigwe said. “This year, we’re moving from theory to execution—helping women translate ambition into assets and confidence into financial independence.”

Since its inception, FinTribe has grown rapidly, with attendance rising from 5,000 women in 2023 to over 7,000 in 2024, underscoring the strong demand for its practical and inclusive approach to finance.

The 2025 Finance Fair will feature panel discussions, keynote sessions, and hands-on workshops covering investments, real estate, cryptocurrency, career growth, and entrepreneurship. A key highlight will be the “Direct-to-Expert” segment, where attendees can engage personally with financial advisors and professionals to receive tailored guidance and take actionable steps toward their financial goals on-site.

With registration now open at bit.ly/FinTribeFinanceFair-2025, early interest has already surpassed previous years. The event is expected to further cement FinTribe’s role as a leading platform driving women’s financial empowerment and inclusive economic participation across Africa.

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