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2019 Zenith Bank Women’s Basketball League Abuja Centre Phase 2 Table

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Following is the final table after the conclusion of matches at the Abuja centre in the second phase of the 15th Zenith Bank Women’s Basketball League:

S/No.       Team                     P   W L GF   GA   GD    Points
1            Air Warriors Babes 7    7  0  503 201 +302 14
2            Nigeria Customs     7    6  1   473 260 +213 13
3            Plateau Rocks          7    5  2  344 288  +56  12
4            Black Gold Queens 7    4  3  370 329  +41   11
5            FCT Wings               7    3  4  337  374  – 37   10
6            Nasarawa Amazons 7   2 5   215  440  – 225  9
7            Kanem Queens         7   1  6   210 397   – 187  8
8            Benue Princesses     7   0 7    0    140   – 140  0

KIA/OLAL

(Edited by Olawale Alabi)

 

Banking

Global Finance 2020: Zenith Bank emerges best bank in Nigeria

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Zenith Bank Plc has emerged as the Best Bank in Nigeria in the recently released Global Finance Magazine World’s Best Banks Awards 2020.

The awards, published in the May 2020 edition of the Global Finance Magazine, was based on the performances of the banks in their respective regions and countries over the period from Jan. 1 to Dec. 31, 2019.

Global Finance’s “World’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.

Winners were chosen in more than 150 countries across Africa, Asia-Pacific, 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 providers of financial services and the awards have become a trusted standard of excellence for the global financial community.

Mr Ebenezer Onyeagwu, the bank’s Group Managing Director/Chief Executive, said in a statement on Monday that the award was a clear demonstration of the bank’s market leadership.

“This award is a clear demonstration of the bank’s market leadership, occasioned by our superior product offerings, best-in-class service and top-of-the-range technology which create value for our teeming customers.

“Zenith Bank has clearly distinguished itself in the Nigerian financial services industry through superior service quality, unique customer experience and sound financial indices.

“The bank, with a knack for setting the pace and raising benchmarks, is a clear leader in the digital space with several firsts in the deployment of innovative products, solutions and an assortment of alternative channels,” Onyeagwu said.

Zenith Bank recently announced an impressive result for the year ended Dec. 31, 2019, with profit after tax of N208.8 billion, achieving the feat as the first Nigerian Bank to cross the N200 billion mark.

Zenith Bank was ranked as the Best Commercial Bank in Nigeria 2019 by the World Finance and the Best Digital Bank in Nigeria 2019 by Agusto & Co.

The bank was also voted as Bank of the Year and Best Bank in Retail Banking at the 2019 BusinessDay Banks and other Financial Institutions (BAFI) Awards.


Edited By: Edwin Nwachukwu/Wale Ojetimi (NAN)

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Economy

Zenith Bank deploys automated voice banking service to ease transactions

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Zenith International Bank Plc has introduced an automated voice banking service, an Interactive Voice Response (IVR) solution to enable customers perform basic banking transactions.

Mr Ebenezer Onyeagwu, the bank’s Group Managing Director/ Chief Executive Officer, said on Wednesday in Lagos that the IVR solution was launched to ensure convenient service to customers.

Onyeagwu said the IVR solution would enable customers perform basic banking transactions by dialing a dedicated phone line through their registered phone numbers and following the prompts.

“By simply dialing +234 (1) 278 7000 from the phone number linked to their accounts and following the prompts, customers can pay bills, restrict their accounts or block their cards, request account statement via email, view the last five transactions, transfer funds, buy airtime, among others.

“Zenith automated voice banking service is designed to ensure a truly amazing experience that will offer convenience for our teeming customers,” Onyeagwu said in a statement.

He added that the self-service product offered quick response to customers in addition to security entrenched by the multilayer authentication mechanism.

Onyeagwu urged the bank’s customers to take advantage of this unique service, particularly at this critical time when the physical interface with the Bank had been greatly impacted due to COVID-19 pandemic.

“Zenith Bank has clearly distinguished itself in the Nigerian financial services industry through superior service quality, unique customer experience and sound financial indices.

“The bank remains a clear leader in the digital space with several firsts in the deployment of innovative products, solutions and alternative channels that ensure convenience, speed and safety of transactions,” he added.

According to him, the bank’s commitment to world-class service standards has led to several product innovations over the last couple of months.

“As a testament to its excellent performance, commitment to best-in-class service and recognition as one of the most innovative financial institutions in Nigeria, Zenith Bank was ranked as the Best Digital Bank in Nigeria 2019 by Agusto and Co.

“The bank was also voted as the Best Commercial Bank in Nigeria 2019 by the World Finance and emerged as Bank of the Year and Best Bank in Retail Banking at the 2019 BusinessDay Banks and Other Financial Institutions (BOFI) Awards,” he said.

Edited By: Edwin Nwachukwu/Salif Atojoko
(NAN)

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Economy

COVID-19 : Prudential Zenith Life Insurance unveils benefits for affected customers

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Prudential Zenith Life Insurance on Sunday announced benefits designed to address the negative impacts of the coronavirus pandemic, which had claimed thousands of lives globally.

In statement in Lagos, the company said that the benefits would  apply for a period of 45 days beginning from  April 3.

The company said  that customers who had purchased or who would purchase any of its products such as My Family Protection Plan, My Family Protection Plan Premier, My School Fees Protection Plan, PZL Term Assurance, PZL Hospital Plan and My Savings Plan-Premier, would enjoy diagnosis benefit.

It said that under the benefit,  a customer  diagnosed with COVID-19 would be entitled to N38,000 and a treatment benefit of N9 000 daily for a maximum period of 25 days to cater for losses or incidental expenses.

The company said it had reduced the normal waiting period from six months to 14 days for the benefits to apply to any new customer, while for existing customers, the additional benefits would  apply  immediately.

“Also, for any customer who has bought a policy from the company and who is diagnosed with COVID-19 or who is formally retrenched as a result of a business having to close due to the COVID-19 pandemic, it will provide a three-month premium holiday.

“This means that the policy will not lapse and the customer will still enjoy the protection benefits of his policy even if he is unable to pay his regular premium during this period.

“This is in addition to any death benefits that are payable when due, as the company does not exclude death caused by COVID-19 under any of its policies,” it said

According to the insurance company, the policy exclusions to the additional offering include that it is not liable to pay claims if treatment is for any reason other than the contraction of the COVID-19.

The company said it would  not also pay claims if  after the start of the policy, the covered person would travel to any country with active community transmission of COVID-19.

It said the policy would not also take effect if the covered person was in self-isolation or hospitalised but had not been officially diagnosed and hospitalised by the state.

The insurance company, however, said that the benefits would be provided for all clients who qualified  with active policies.

Edited By: Chioma Ugboma/Ijeoma Popoola
(NAN)

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General news

N1bn damages: Court refuses to remove Zenith bank in suit filed by Pinnacle Comm

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The Federal High Court Abuja on Friday, dismissed an application by Zenith bank asking court to remove its name from a suit filed by Pinnacle Communications Ltd (PCL) against Independent Corrupt Practices and other related offences Commission (ICPC).

PCL had in July 2018, dragged ICPC and Zenith bank to court for unlawfully withholding its money domiciled in Zenith bank without a valid court order.

The company is asking for N1billion damage against the defendants.

Ruling on the preliminary objection brought by Zenith bank, (the second defendant), the judge, Justice Taiwo Taiwo dismissed it on the grounds that it was frivolous and a waste of the court’s time.

Justice Taiwo held that the counsel to the commercial bank, Mr Okey Ojukwu ought not to have filed the application since a ruling delivered by a court of the same hierarchy on December. 14, 2018 on the matter was unambiguous.

The judge said that the ruling of Justice Nnamdi Dimgba, on the issue was an interlocutory injunction and could in no way be interpreted as the final judgment in the suit.

Taiwo further opined that the objection by the bank was filed out of misconception and only amounted to a waste of the court’s precious time.

“The application of the second defendant is an invitation to this court to sit on appeal on the decision of my learned brother Justice Nnamdi Dimgba of Dec.14, 2018.

“This court, with all due respect to the second defendant shall not fall into that error.

“The application is not only incompetent and an abuse of court process, it is one brought without carefully and painstakingly understanding the ruling my learned brother gave on the interlocutory injunction,” the judge said.

The judge warned that such applications should not be brought to court as they only ended up wasting the time of the court.

“This type of application should be discouraged by the court and counsel, and to discourage counsel from filing such frivolous application, the court must come down hard on counsel who filed such applications either on their own or on the instruction of their client.

“I therefore find no merit in this application and it is accordingly dismissed having held that the application is frivolous, time wasting, incompetent and an abuse of court process.

“I shall fail in my duty as a judge if I do not award cost. Therefore, I award N100,000 against the second defendant in favour of the plaintiff,” Justice Taiwo held.

He adjourned the matter until March 5 to continue hearing in the substantive suit.

In the substantive suit, Pinnacle Communications is seeking a declaration that the act of ICPC in ordering Zenith bank to place a “post-no-debit” restriction on its account  without any court order is unlawful and a breach of the plaintiff’s right to its movable property.

“A declaration that the act of Zenith bank in placing a “post-no-debit” restriction on its account  without any court order and or any valid order is unlawful, injurious, unconstitutional and a breach of the plaintiff’s right to its movable property.”

Edited By: Gregg Mmaduakolam/Sadiya Hamza

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Sport

Zenith Emperor FC gets Dufil Prima Food support — Media Officer

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A Lagos-based Nationwide League One (NLO) side, Zenith Emperor FC, on Tuesday said it had secured sponsorship from one of the leading food manufacturing company in Nigeria, Dufil Prima Food.

The Media Officer of the team, Dotun Omisakin made the disclosure in Lagos.

He said the support would come in form of donation of food items and other logistics to support the team’s campaign in the NLO.

“The support came after a meeting held with the Chairman, Zenith Emperor FC, Rajih Edatomola with Dufil Prima.

“The support will contain giving of food items which are brands of the organisation to the club.

“Dufils Prima food is the maker of Indomie, Minimie Chinchin, Power oil, Colgate toothpaste and Pringles.

“After the company’s commitment, our Chairman, Edamotola said it was a cap in the feather of the club, assuring that the club will make better use of the opportunity,’’ he said in a statement.

(Edited by: Remi Koleoso/Peter Ejiofor)

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General news

Zenith Bank Women Basketball League: Air Warriors crowned 2019 Champions

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Air Warriors were crowned the 2019 Zenith Bank Women Basketball League Champions after a hard earned victory over MFM Queens with 55-53 points in the final decided on Thursday.

According to a statement by the Media Officer, Afolabi Oni, the league debutant dominated the first half and won the first quarter 14-7 points at the Indoor Sports Hall of the National Stadium Lagos.

“They got the points before going into half time with 34-23 points on the back of a second quarter which they also won 20-17 points.

“It was a different ball game in the second half with both teams scoring 12 points each.

“It was a case of too little too late for MFM Queens under Coach Aderemi Adewunmi despite winning the last quarter 17-9 points.

“Murjanatu Musa of Air Warriors posted another double-double display with 17 points, 15 rebounds and three assists to win the title for her side,” Oni stated.

According to the statement Musa also picked the Most Valuable Player of the League award for the 2019 Zenith Bank Women Basketball League season.

“Musa was listed alongside Ifunanya Okoro (First Bank), Gbihi Cynthia (Dolphins), Josette Anaswem (Customs) and Ifunanya Ijeh (MFM Queens) as the Tournament’s Top 5.

“For individual awards, Jossette Anaswem emerged as tournament’s highest point scorer as well as the Three Points shooter.

“Murjanatu won the Highest Rebounder and Highest Blocks award, while Ifunanya Okoro settled for Assists and Steal leader as her team became the fourth team to have ever won the league in the last 15 years.

“Both teams have qualified for the FIBA Zone 3 Women Club Championship qualifiers holding in Cotonou, Benin Republic, while First Bank coasted to a comfortable 45 points win against Dolphins to win the bronze medal,” it stated.

K

Edited by Dianabasi Effiong/Wale Ojetimi

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Economy

Zenith Bank posts N150.72bn profit in Q3 2019

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Zenith International Bank Plc on Wednesday reported a profit after tax of N150.72 billion for nine months ended Sept. 30, 2019.

The profit represented a growth of five per cent when compared to N144.18 billion achieved in the corresponding period of 2018.

The bank in the unaudited result released by the Nigerian Stock Exchange (NSE) said that profit before tax stood at N176.18 billion against N167.31 billion in the comparative period of 2018.

Also, the lender increased its gross earnings for the period by 3.52 per cent to N491.3 billion against N474.6 billion in nine months of 2018.

The group recorded a significant growth in non-interest income, expanding by 22 per cent to N156.8 billion from N128.7 billion in corresponding period of 2018.

The bank said that its cost optimisation strategies and aggressive retail banking drive were yielding the desired effects as cost-to-income ratio declined from 51.2 per cent in third quarter 2018 to 50.1 per cent in Q3 2019.

Similarly, Earnings Per Share (EPS) rose by five per cent to N4.80 during the period under review from N4.58 in Q3 2018.

“Our robust risk management framework has ensured that non-performing loans (NPL) ratio declined from 4.98 per cent in December 2018 to 4.95 per cent in the current period.

“Our commitment to maintaining a shock-proof balance sheet remains with liquidity and capital adequacy ratios at 63.8 per cent and 23.8 per cent respectively, both above regulatory thresholds.

“In this final quarter of the year, we will sustain our competitiveness and share of market in the corporate segment and build upon our digital foundations to reinforce our retail banking initiatives,” the bank said.


JNC/EEE

Edited by Ese E. Ekama

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Economy

Zenith Bank lifts trading on NSE with 357.23m shares

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Investors on the Nigerian Stock Exchange (NSE) on Tuesday staked N7.83 billion on 694.02 million shares in 2,780 deals.

The volume of shares traded represented an increase of 182.29 per cent compared with 245.85 million shares valued at N1.36 billion transacted in 2,514 deals on Monday.

Transactions in the shares of Zenith Bank topped the activity chart with 357.23 million shares worth N6.18 billion.

Omoluabi Mortgage Bank followed with 174.25 million shares worth N95.79 million, while Fidelity Bank accounted for 31.80 million shares valued at N53.96 million.

May and Baker sold 28.03 million shares worth N56.07 million, while Guaranty Trust Bank accounted for 25.33 million shares worth N666.27 million.

Meanwhile, The All Share Index dipped 24.25 points or 0.09 per cent to close at 26,365.83 against 26,390.08 recorded on Monday.

In the same vein, investors lost N12 billion in value as market capitalisation declined to N12.835 trillion compared with N12.847 trillion on Monday.

The downturn was impacted by losses recorded in medium and large capitalised stocks, amongst which are: MTN Nigeria, Eterna, Cadbury Nigeria, May and Baker Nigeria and Dangote Cement.

Analysts at Afrinvest Limited stated, “In the absence of policy levers to upturn the market, we maintain our bearish outlook on the equities market.”

Market breadth closed slightly negative, with 12 gainers against 13 losers.

Courteville Business Solutions recorded the highest price gain of 10 per cent to close at 22k per share.

Cutix followed with a gain of 9.92 per cent to close at N1.44, while Cornerstone Insurance appreciated by 8.57 per cent to close at 38k per share.

Neimeth rose by 8.11 per cent to close at 40k, while Consolidated Hallmark Insurance appreciated by 3.03 per cent to close at 34k per share.

Conversely, Eterna led the losers’ chart by 9.52 per cent to close at N2.85, per share.

Omoluabi Mortgage Bank followed with a decline of 9.09 per cent to close at 50k, while May and Baker Nigeria declined by 8.68 per cent to close at N2 per share.

Law Union & Rock Insurance depreciated by 7.84 per cent to close at 47k and FCMB Group declined by 4.76 per cent to close at N1.60 per share.


JNC/GOM/GOK

Edited by Gregg Mmaduakolam/Olagoke Olatoye


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General news

Quarter-finals action heightens play at 2019 Zenith Bank Women’s Basketball League

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Battle for the national title and two continental competition tickets will heighten on Tuesday as the 2019 Zenith Bank Women Basketball League Final 8 Competition enters the quarter-finals stage.

The quater-finals games will hold at the Indoor Sports Hall of the National Stadium in Lagos.

The opening game will hold at 10 a.m. between Group A winners First Bank and Black Gold of Abuja who finished bottom of Group B.

Defending champions First Bank, on the back of their unbeaten run which dates back to 2016, will hope to take a step towards winning their 10th national title against new entrants Black Gold.

Team of the moment and one of the title favourites, Air Warriors, having finished top of Group B, will tackle Plateau Rocks who are yet to win a game at the National Final 8 phase.

The newly-formed Air Warriors, being bankrolled by the Nigerian Air Force, will again depend on the trio of double-double Queen, Murjanatu Musa, veteran player Blessing Kasham and Chinwe Okah.

Air Warriors are also seeking to qualify for their first-ever semi-final match.

The third game of the day will be between former champions Dolphins of Lagos and Delta Force of Asaba.

Having last won the title in 2015 and lost to First Bank in the 2018 finals, all eyes will be on the Peter Ahmedu-coached Dolphins when they file out against Delta Force.

The last quarter-final game promises to be explosive between two evenly-matched sides, Customs and MFM Queens.

It will be a grudge match for MFM who were denied a podium finish in 2018 when they lost to Customs in the third-place game.

The competiton’s semi-finals will be played on Wednesday.


AAO/OLAL

(Edited by Olawale Alabi)

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Contact US: editor @nnn.com.ng, nnnnews247 @gmail.com

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