Category: Business & Economy

Winners have emerged at the Global Banking and Finance awards 2020 [Nigeria].

This was announced by Global Banking and Finance magazine in the 18th edition of its annual awards for deserving financial institutions in seven regions and more than 80 countries.

Global Banking & Finance Review® is a leading financial portal and Print Magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.

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FBN Holdings Plc has won the 2019 World Finance award for best corporate governance in Nigeria.

The award was organised by World Finance, a quarterly print and online magazine that provides coverage and analysis of the financial industry, international business and the global economy.

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Zenith Bank Plc has been ranked as the number one bank in Nigeria in The Banker Magazine Tier-1 Capital 2020 Top 1000 World Banks Ranking.

Tier 1 capital is the core measure of a bank’s financial strength from a regulator’s point of view. It is composed of core capital, which consists primarily of common stock and disclosed reserves, but may also include non-redeemable non-cumulative preferred stock.

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Stanbic IBTC Bank PLC, a subsidiary of Stanbic IBTC Holdings PLC, has won the Global Finance magazine Best-Custodian Bank Award in Nigeria for the ninth time.

This was disclosed by Global Finance magazine, during the announcement of its selections for the 18th annual Best Sub-custodian Bank Awards in seven regions and more than 80 countries.

For the awards, Global Finance obtained input from users of sub-custody services.

The performance was judged over the period covering January 1, 2019, through December 31, 2019.

Apart from Nigeria, three subsidiaries within Standard Bank Group, the parent company of Stanbic IBTC Holdings PLC, were selected as best sub-custodian banks for their respective countries. These are Ghana, Namibia and Mozambique.

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Zenith Bank Plc has emerged as the Best Bank in Nigeria in the 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 January 1 to December 31, 2019.

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Dr. Cosmas Maduka (CON), the President of Coscharis Group emerges the Ernst and Young Entrepreneur of the year 2020.

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Dr. Ngozi Okonjo-Iweala has been appointed a member of the Economic Advisory Council set up by President Cyril Ramaphosa to help give South Africa a coherent economic policy.

The Presidential Economic Advisory Council is to ensure greater coherence and consistency in the implementation of economic policy and ensure that government and society in general is better equipped to respond to changing economic circumstances.

Comprising local and international economic thought leaders, the Council will advise the President and government more broadly, facilitating the development and implementation of economic policies that spur inclusive growth.

Dr. Ngozi Okonjo-Iweala, a seasoned economist and accepted the appointment for her to serve as a member of the Council.

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