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Zenith bank retains its position as the most valuable banking brand in Nigeria for the 3rd time running.
Zenith Bank Plc, Nigeria’s leading financial institution, has again emerged as the Most Valuable Banking Brand in Nigeria in the recently released Banker Magazine Top 500 Banking Brands 2020.
For the third consecutive year, Zenith Bank has been ranked as the number one banking brand in Nigeria with a brand value of $287 million and market capitalisation of $1.62 billion, ranking 392 in the 2020 global ranking of banks.
The ranking was published in the February 2020 edition of The Banker magazine of the Financial Times Group in conjunction with London-based Brand Finance.
According to the publication, brand value is the licensing rate that a third-party would need to pay to use the bank’s brand. All brand values in the report are for the year ending December 31, 2019.
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 that ensure convenience, speed and safety of transactions.
In an apparent show of its resilience and market leadership, Zenith Bank recently announced an impressive result for the year ended December 31, 2019, with profit after tax (PAT) of N208.8 billion, achieving the feat as the first Nigerian Bank to cross the N200 billion mark.
Consistent with this excellent performance and in recognition of its track record of exceptional performance, Zenith Bank was voted 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 recognised as Bank of the Year and Best Bank in Retail Banking at the 2019 BusinessDay Banks and Other Financial Institutions (BOFI) Awards. Most recently, the bank emerged as the Bank of the Decade (People’s Choice) at the Thisday Awards 2020.

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Ogun Court Denies Portable Bail Over Assault, Theft Charges; Remanded Until Jan 19
Controversial singer Habeeb Okikiola, popularly known as Portable, was on Monday arraigned before the Federal High Court in Ota, Ogun State, over criminal charges including assault and resisting arrest.
Confirming the development to our correspondent, the Ogun State Police Public Relations Officer, Oluseyi Babaseyi, said Portable was arrested and arraigned in Ota on Monday.
“Yes, he was arraigned and remanded yesterday,” Babaseyi said on Tuesday.
Portable’s arraignment followed a viral video that surfaced on Sunday showing him in handcuffs, shirtless and tearfully pleading while seated on a couch in what appeared to be a police holding area.
His arrest reportedly followed allegations of assault against actress and skit maker Omobolarinde Akinyanju, better known as Ashabi Simple, who is one of the musician’s baby mamas and the mother of one of his children.
In court, Vanguard reported that the prosecution alleged that the Zazu crooner attacked Ashabi, alongside some police officers and other individuals, at his bar in the Iyana Ilogbo area on New Year’s Day.
Other alleged victims named in the charge sheet include Ileyemi Damilola, Akinyanju Oluwabusayomi, Olowu Olumide, Demilade Ogunniyi and Ebuka Odah.
The prosecution further alleged that Portable stole a Mercedes-Benz E300 valued at ₦12 million, belonging to Ileyemi Damilola and associated with car dealer Wally Dex Auto.
During the proceedings, two siblings of Ashabi Simple testified as witnesses to the alleged assault, although Ashabi herself was absent from court.
Police also alleged that the singer obstructed and assaulted a female police inspector, Ogungbe Olayemi, while she was performing her official duties.
The presiding judge declined to grant the singer bail, citing the absence of the allegedly assaulted police officer in court.
The judge ruled that the officer must be present before a decision on the bail application could be made and consequently remanded Portable in custody, adjourning the bail hearing to January 19.
Meanwhile, the Ogun State Police Command has ordered an investigation into a separate viral video allegedly showing the singer being assaulted while in custody.
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Just In: U.S. Strengthens Nigeria’s Security With Major New Military Shipment
The United States has delivered military supplies to Nigerian security agencies in support of ongoing operations in the country.
The United States Africa Command, AFRICOM, announced the delivery in a post on X on Tuesday.
“US forces delivered critical military supplies to our Nigerian partners in Abuja. This delivery supports Nigeria’s ongoing operations and emphasizes our shared security partnership,” AFRICOM said on X.
Nigeria in recent times has faced an upsurge of insecurity, with hundreds being kidnapped.
US forces launched airstrikes on terrorist enclaves in North-West Nigeria on Christmas Day.
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Chief (Mrs.) Lucia Onabanjo, Widow Of Bisi Onabanjo, Dies At 100
Chief (Mrs.) Lucia Onabowale Onabanjo, the widow of Ogun State’s first civilian governor, Chief Victor Olabisi Onabanjo, has passed away at the age of 100.
Her passing was announced by her daughter, Ms Olubukunola Onabanjo, on Tuesday.
According to Ms Onabanjo, the matriarch of the Onabanjo dynasty died at the age of 100.
She said in a statement: “The family of Chief Victor Olabisi Onabanjo, former Governor of Ogun State, announces with deep sorrow, yet with gratitude to Almighty God, the passing of our beloved mother, grandmother and great-grandmother.
“Chief (Mrs) Lucia Onabowale Onabanjo (1925–2026) was called to glory on Monday, January 11.
“We thank God for her long and fulfilled life, and for the enduring legacy of love, strength and faith she leaves behind.
“May her soul rest in perfect peace.”
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