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Giving Women a Voice…The Tony Elumelu Modus Operandi
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It is often more convenient to possess the ashes of great men than to possess the men themselves in their lifetime. But in Tony Elumelu’s case, the reality is remarkably different; Nigeria is extremely lucky to possess Elumelu. This is because the maverick banker elevates fiscal management and entrepreneurship to an art form, for the benefit of the country.
The excellence of his art however, lies in its intensity; Elumelu is specially gifted at taming the odds and making all disagreeable evaporate like mountain dew on grains of sand. And he does not have to force it; he simply faces challenges with courage, matchless equanimity and devotion to beauty and truth.
Predictably, his ascent to the top was never a walk in the park. It required paying his dues and shunning the frivolous. Hence you would never find Elumelu concentrating on anything beyond business and philanthropy.
Yes, frequently likened to a champion and oftentimes, a business genius, Tony Elumelu effortlessly depicts the image of a modern day General of Commerce. Tony, among other things, projects a benevolent culture of industry and humanity. Through unparalleled modesty and hard work, he dispels the notion that entrepreneurial success constantly conflicts with excellent citizenship of humanity.
Mr. Chairman, as he is respectably called, also understands that to be a man of honour and substance requires indeterminate exploits at dawn through dusk in honest industry. He knows that honour and longevity, like celery, flourishes in the dark shade – far from the blaze of disconcerting neon lights.
However, being a symbol of African enterprising spirit of passion, unadulterated commitment, resilience and hardwork has not been without commensurate accolades.
No doubt, the recent appointment of four women into top executive and non-executive directorship positions in Transcorp underscores the predilection of Elumelu, Chairman, Heirs Holdings, the parent company of Transcorp, for identifying excellent female leaders and promoting them to important leadership positions.
Being the father of five beautiful girls is enough reason for Tony Elumelu, chairman of the UBA Group, to have a soft spot for women. But for one of Africa’s most successful entrepreneurs, it goes beyond that. In an era when companies are being forced to redress inequality within their teams, Elumelu has proved to be sensitive and serious about gender equality. And he is leading the charge of the few men giving women a shot at leadership positions.
Recently, the Transnational Corporation of Nigeria Plc, where Elumelu is also chairman, announced significant appointments to its board and executive management. Owen Omogiafo was appointed as President/Group Chief Executive Officer with effect from March 25, 2020. She will succeed Valentine Ozigbo, who is retiring to pursue a career in public service. Omogiafo is currently the MD/CEO of Transcorp Hotels Plc and has over two decades of corporate experience in organisational development, human capital management, banking, change management and hospitality.
Also appointed is Dupe Olusola as the MD/CEO of Transcorp Hotels Plc. Olusola is currently the Group Head, Marketing, at United Bank for Africa Plc and has over 21 years of corporate experience including being the former MD/CEO of Teragro Juice Concentrate Plant. Helen Iwuchukwu, currently the Group Company Secretary of Transcorp Plc, has been appointed as an Executive Director/Chief Operating Officer of the company.
Other appointments are; Christopher Ezeafulukwe, hitherto the Executive Director, Business Development and Legal, Transcorp Plc, as the MD/CEO of Transcorp Power Plant, Ughelli; and Okaima Ohizua as Executive Director/Chief Operating Officer of Transcorp Power Ltd. Elumelu was quoted as saying that he was confident that the newly appointed chief executives and non-executive directors would further strengthen Transcorp’s mission of improving lives across Nigeria.
However, these gender-sensitive appointments are not peculiar to just Transcorp. In UBA and other companies that Elumelu has controlling or considerable stakes, the story is the same. In UBA, women like Foluke K. Abdul-Razaq, Owanari Duke, Erelu Angela Adebayo and Angela Aneke serve as non-executive directors while Noellie Tiendrebeogo, Sarata Kone, Chioma Mang, Nkechi Arizor and Adesola Yomi-Ajayi serve as chief executive officer, UBA in Burkina Faso, Cote D’Ivoire, Gabon, Liberia and New York respectively.
Amie Ndiaye Sow and Abiola Bawuah are the Regional CEO 1 and 2, West Africa. Back home, Bola Atta, Dupe Olusola and Patricia Aderibigbe are Group Heads, Corporate Communication, Marketing and Human Resources respectively. Emem Usoro is the Directorate Head Abuja & North Central Bank.
At Africa Prudential, Mrs Eniola Fadayomi, MFR, serves as Chairman while Uzoamaka Oshogwe, is the Managing Director/CEO, Afriland Properties. Likewise, at Avon Healthcare Limited, Dr Awele Vivien Elumelu is the chairperson while Adesimbo Ukiri is the Chief Executive Officer. At the Tony Elumelu Foundation, the leading African philanthropy committed to empowering African entrepreneurs, Ifeyinwa Ugochukwu serves as CEO. Appointed in 2018, Ugochukwu is the first African to become the Chief Executive Officer of the Foundation.
According to Elumelu, “These appointments demonstrate our commitment to nurturing talent and rewarding success. We have a deep pool of highly qualified and dedicated employees, who can be challenged with more responsibility in attaining our corporate vision.
“We remain committed to diversity and inclusion; are delighted by the depth and quality of experience that this leadership team brings to our group. These appointments further indicate our internal succession capacity and strong corporate governance practices.”
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ZENITH BANK NAMED AFRICA’S BEST BANK & NIGERIA’S BEST BANK AT THE 2026 EUROMONEY AWARDS FOR EXCELLENCE
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Zenith Bank Plc has been named “Africa’s Best Bank” and “Nigeria’s Best Bank”, the latter for the second consecutive year, at the prestigious Euromoney Awards for Excellence 2026, clinching the biggest and most coveted national and continental awards in banking. The awards were presented to the Bank on Thursday, 16 July 2026, at The Peninsula London Hotel, London. This dual recognition is a testament to the Bank’s sustained excellence in financial performance, customer service, digital innovation, and its contribution to economic development across Nigeria and the wider African continent.
The Euromoney Awards for Excellence are among the most respected in the global financial industry, evaluating banks on criteria including strategy, profitability, risk management, digital transformation and impact on stakeholders. Victory at the awards is regarded as a mark of the highest distinction in global banking. This year’s edition attracted a record of over 770 entries from world-class financial institutions including HSBC, Morgan Stanley, Citibank, Barclays, Standard Bank and DBS Bank of Singapore.
Commenting on the awards, the Group Managing Director/CEO of Zenith Bank Plc, Dame Dr. AdaoraUmeoji, OON, said, “We are deeply honoured by theserecognitions from Euromoney. Being recognised as Africa’s Best Bank and Nigeria’s Best Bank reflects the trust of our customers, the dedication of our unicorn workforce, and our unwavering commitment to building a truly African global financial institution. These awards inspire us to do even more to deliver superior value, drive financial inclusion, and support the growth of businesses across Africa.”
The GMD commended the regulators across the various jurisdictions where the Bank has footprints for the enabling regulatory environment which has supported the Bank in achieving this feat.
She dedicated the award to the Founder of Zenith Bank Plc, Jim Ovia, CFR, thanking him for his vision and excellence which have been instrumental to the Bank’s success.
Zenith Bank has continued to deliver strong financial results while accelerating investments in technology, artificial intelligence, and digital banking solutions. In the 2025 financial year, the Bank grew gross earnings by six per cent year on year to ₦4.19 trillion and delivered profit after tax of ₦1.04 trillion, while reducing its non-performing loan ratio from 4.7 per cent to 3.8 per cent. In keeping with its dividend policy, Zenith Bank rewarded its investors with a record-breaking total dividend of N10.00 per share (totaling N410.69 billion) for the 2025 financial year. This represents a 100% increase over N5.00 per share paid in 2024. The Bank has also deepened its pan-African presence and expanded trade and transaction banking capabilities to connect businesses across key markets.
Euromoney is the leading authority for global banking and financial markets, and this latest recognition adds to Zenith Bank’s growing list of local and international accolades, and further cements its position as one of Africa’s leading financial institutions.
The Bank’s track record of excellent performance has continued to earn the brand numerous awards, including being recognised as the Number One Bank in Nigeria by Tier-1 Capital for the seventeenth consecutive year in the 2026 Top 1000 World Banks Ranking, published by The Banker and “Nigeria’s Best Bank” at the EuromoneyAwards for Excellence 2025. The Bank was also awarded Bank of the Year (Nigeria) in The Banker’s Bank of the Year Awards for 2020, 2022, and 2024; Best Bank in Nigeria from 2020 to 2022, 2024 and 2025, in the Global Finance World’s Best Banks Awards; Best Bank for Digital Solutions in Nigeria in the Euromoney Awards 2023; and was listed in the World Finance Top 100 Global Companies in 2023.Further recognitions include Best Commercial Bank, Nigeria for six consecutive years from 2021 to 2026 in the World Finance Banking Awards and Most Sustainable Bank, Nigeria in the International Banker 2023, 2024 and 2026 Banking Awards. Additionally, Zenith Bank has been acknowledged as the Best Corporate Governance Bank, Nigeria, in the World Finance Corporate Governance Awards for five consecutive years from 2022 to 2026 and ‘Best in Corporate Governance’ Financial Services’ Africa for four consecutive years from 2020 to 2023 by the Ethical Boardroom.
The Bank’s commitment to excellence led to Zenith being also named the Most Valuable Banking Brand in Nigeria in The Banker’s Top 500 Banking Brands for 2020 and 2021, Bank of the Year 2023 to 2025 at the BusinessDay Banks and Other Financial Institutions (BAFI) Awards, and Retail Bank of the Year for three consecutive years from 2020 to 2022 and 2024 to 2025. The Bank also received the accolades of Best Commercial Bank, Nigeria and Best Innovation in Retail Banking, Nigeria, in the International Banker 2022 Banking Awards, Bank of the Year 2024 by ThisDay Newspaper; Bank of the Year 2024 by New Telegraph Newspaper; and Best in MSME Trade Finance, 2023 by Nairametrics. The Bank’s Hybrid Offer was also adjudged ‘Rights Issue/Public Offer of the Year’ at the Nairametrics Capital Market Choice Awards 2025.
Zenith Bank has also earned several non-financial awards, including Most Responsible Organisation in Africa, Best Company in Transparency and Reporting and Best Company in Gender Equality and Women Empowerment at the SERAS CSR Awards Africa 2024.
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GTBANK NAMED BEST OVERALL PERFORMING BANK IN NIGERIA IN THE BANKER’S TOP 1000 WORLD BANKS RANKINGS 2026
Guaranty Trust Bank Ltd (“GTBank” or the “Bank“), the flagship banking subsidiary of Guaranty Trust Holding Company Plc (“GTCO” or the “Group“), has been named the Best Overall Performing Bank in Nigeria in The Banker magazine’s Top 1000 World Banks Rankings 2026.
The recognition reaffirms GTBank’s position as one of Nigeria’s leading financial institutions and reflects the Bank’s consistent delivery of strong financial performance, operational excellence, and sustainable growth. The rankings evaluate banks globally using audited financial results, assessing institutions across financial strength, operational efficiency, risk management, liquidity, growth, and profitability.
GTBank ranked 1st Overall as best performing Bank and also ranked 1st in Efficiency and Soundness. The Bank secured 2nd place in other metrics such as Return on Risk, Liquidity, Growth, Leverage and Profitability, demonstrating exceptional performance across all major Banking metrics
Speaking on the achievement, Mrs Miriam Olusanya, Managing Director of Guaranty Trust Bank Ltd, said: “Being named the Best Overall Performing Bank in Nigeria by The Banker is a recognition that means a great deal to us, not just because of the prestige of the publication, but because of what it represents; the hard work of our People, the loyalty of our Customers, and the strength we continue to draw from being part of the Group. Ranking 1st in Overall Performance, Efficiency, and Soundness reflects our disciplined approach to banking, the synergies we harness across the GTCO Group, and our relentless focus on delivering real value. We do not take this recognition for granted. It deepens our resolve to keep raising the bar, to serve our customers better every day, and to remain a Bank that consistently delivers value to all its stakeholders, and to the GTCO Group we are proud to belong.”
This recognition reinforces GTBank’s position as one of Africa’s leading Banking franchises and reflects the strength of its business model, disciplined execution, and sustained investment in innovation. It adds to the Bank’s growing portfolio of international accolades and underscores its enduring commitment to delivering exceptional customer experiences, driving sustainable growth, and creating long-term value for customers, shareholders, and the communities it serves.
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GTCO Launches Second Edition of #BeatTheDistance Initiative, Donating 3,000 Bicycles Across Six States in Nigeria
Guaranty Trust Holding Company Plc (“GTCO” or the “Group”) has announced the 2026 rollout of its social impact initiative called #BeatTheDistance.This is a nationwide intervention aimed at supporting school children in underserved communities through the provision of bicycles to ease their daily commute to school.
Marking the second edition of the initiative, GTCO will distribute 3,000 bicycles to schoolchildren across six states in Nigeria—Ebonyi, Jigawa, Benue, Oyo, Akwa Ibom, and Ekiti. The programme builds on the impact of its inaugural rollout in 2019 and underscores the Group’s commitment to improving access to education through practical, community-focused interventions.
By helping to reduce the transportation challenges faced by students who travel long distances to attend school, the initiative seeks to improve school attendance, support learning outcomes, and create opportunities for young people to pursue their education with greater ease and confidence.
Speaking on the initiative, the Group Chief Executive Officer of Guaranty Trust Holding Company Plc, Mr Segun Agbaje, said: “Education remains one of the most powerful tools for transforming lives and creating opportunities. Through the #BeatTheDistance Initiative, we are supporting students whose determination to learn is often tested by the distance they travel each day to access education. By providing these bicycles, our goal is to create an environment where more children can achieve their full potential by reducing fatigue, improving attendance at school, and expanding learning outcomes for children of school age.
He further added: “At GTCO, we believe that meaningful impact comes from addressing real challenges within communities. #BeatTheDistance is one of the ways we are investing in the future by supporting young people and helping to create conditions that enable them to succeed. We remain committed to initiatives that promote inclusion, expand access to opportunities, and contribute to sustainable development.”
The initiative forms part of GTCO’s broader commitment to social impact and sustainable development, particularly in the areas of education, youth empowerment, and community advancement. By helping students spend less time commuting and more time learning, #BeatTheDistance continues to deliver practical support where it is needed most, empowering young people to pursue their education and unlock their full potential.
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