Business
Zenith Bank Restores Digital Banking Services After Upgrade
Zenith Bank has announced the successful restoration of access to its digital channels, allowing customers to perform transactions seamlessly through their preferred platforms.
This announcement came via a letter to valued customers on Thursday, October 10, 2024.
The bank expressed gratitude for the patience demonstrated by customers during the recent IT infrastructure upgrade.
This upgrade was essential for enhancing the bank’s service delivery capabilities, and Zenith Bank acknowledged the inconveniences customers faced during the downtime.
In their message, the bank reassured customers of its commitment to providing exceptional service.
The newly deployed IT infrastructure is expected to improve transaction efficiency and overall user experience, ensuring that customers can enjoy more reliable and secure banking services.
Zenith Bank emphasized that the upgrades were made with the goal of better serving its clients in a rapidly evolving digital landscape.
The bank has urged its customers to return to using its digital services confidently, highlighting that the improved systems will support a smoother banking experience going forward.
This restoration of services is a significant step for Zenith Bank as it aims to maintain its position as a leading financial institution in Nigeria.
The bank’s commitment to leveraging technology to enhance customer service aligns with its ongoing efforts to innovate and adapt to changing market demands.
Customers are encouraged to reach out to the bank’s customer service for any inquiries or assistance they may need as they resume using digital banking services.
Zenith Bank continues to prioritize customer satisfaction and aims to ensure that all clients can conduct their banking needs effortlessly and securely.
Ecobank Group is reportedly set to raise up to $250 million through an Additional Tier 1 (AT1) capital offering in order to strengthen the bank’s capital base.
This was revealed during the company’s annual general meeting held in Togo on the 29th of May, 2025. According to the meeting, the bank stated that the conversion price for the shares will be based on the higher of the prevailing exchange rate and the floor price of $0.02 per ordinary share.
The speaker stated “As we cast our eyes into the future and reimagine all possibilities—rising competition from banks, fintechs, and non-bank financial institutions, as well as factors such as geopolitics, regulations, and capital markets—we cannot afford complacency.”
The Central Bank of Nigeria (CBN) recently assured stakeholders about the state of the banking sector in Nigeria, stating that the banking sector can still be trusted and is secure.
The assurance was shared in a statement signed by Hakama Sidi Ali, Acting Director of Corporate Communications at the CBN. In the statement, it was emphasized that stakeholders should disregard any negative news concerning the banking sector, as such reports are misleading.
The CBN also highlighted the security of the deposits entrusted to it, stating, “There is no reason for the public to worry about the security of their deposits.” The extent of the measures and security in place was also emphasized by the director in the statement.
Nigerian Businessman Dr. Cosmos Maduka analyzes popular Billionaire, Aliko Dangote and describes him as the biggest debtor in Nigeria.
The businessman highlighted the fact that people who seem to have the most money are often the largest debtors.
“The number one debtor in Nigeria is Aliko Dangote. He’s the wealthiest man in Africa. The number one debtor in the world is the United States of America and you call them the richest in the world.”
“As you admire all of those things, it’s all credit. It’s all about credit. So you should leverage on loan, but you have to have a good structure that will support that loan.”
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