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Naira appreciates by N63 against Dollar in January to seven-month high

Nigeria’s exchange rate appreciated significantly in January 2025, gaining N63.72 against the dollar to close at N1,474.78 per dollar on January 31 at the Nigerian Foreign Exchange Market.

According to data from the FMDQ Securities Exchange Limited and the Central Bank of Nigeria, this increase of 4.14 per cent pushes the local currency to the highest level it has reached in seven months, with the last time the currency traded at a similar rate being June 11, 2024, when it stood at N1,473.88/$ in the official market.

The sharp increase has been attributed to policies implemented by the CBN, which have influenced market dynamics and contributed to the currency’s strengthening.

Authorised currency dealers quoted the dollar as high as N1,495.01/$ and as low as N1,447.50/$ at the NFEM.

The naira opened the year at N1,538.50/$ on January 2, 2025, and steadily gained value throughout the month.

By January 3, it had dipped slightly to N1,535.00 before fluctuating within a range that saw it hit N1,560/$ on January 16, marking its highest point for the month.

However, the currency embarked on a more sustained appreciation from the third week of January, closing at N1,531/$ on January 24 and further strengthening to N1,520/$ on January 28.

It continued its climb, settling at N1,506/$ on January 29 and N1,493/$ on January 30 before reaching N1,474.78/$ on the last trading day of the month of January.

The naira also appreciated against the US dollar in the parallel market on Friday, closing at N1,610/$, compared to N1,630/$ recorded on Thursday, representing a N20 increase within a day.

This latest movement reflects the impact of recent monetary and foreign exchange measures introduced by the CBN to stabilise the currency and improve market confidence.

The introduction of the Electronic Foreign Exchange Matching System in December 2024 has played a significant role in this development.

The platform, which operates through Bloomberg’s BMatch system, allows authorised dealers to place anonymous orders into a central limit order book, ensuring transparency and efficient price discovery in the foreign exchange market.

This system has helped reduce market distortions and provided the CBN with enhanced oversight capabilities, making it easier to manage fluctuations in the exchange rate.

Another crucial factor influencing the naira’s recent appreciation is the introduction of the Nigeria Foreign Exchange Code, launched on January 28, 2025.

“The FX Code marks a new era of compliance and accountability. It is not just a set of recommendations; this is an enforceable framework. Under CBN Act 2007 and BOFIA Act 2020, violations will be met with penalties and administrative actions,” CBN Governor Olayemi Cardoso said during the launch of the FX Code.

The FX Code establishes principles for ethical conduct, governance, execution, information sharing, risk management, and settlement processes among market participants.

By aligning Nigeria’s foreign exchange operations with global best practices, the initiative has strengthened investor confidence and contributed to the recent improvements in the currency’s performance.

At the end of 2024, the naira stood at N1,535.00 per dollar on December 31, reflecting the challenges that had persisted in the forex market.

However, the policy interventions introduced by the apex bank in early 2025 have helped stabilise the market, allowing the currency to make significant gains over the past month.

The improved transparency in the foreign exchange system has reduced speculative activities, ensuring that exchange rates better reflect actual market conditions.

However, while the local currency is improving, Nigeria’s foreign exchange reserves experienced a significant decline in January 2025, dropping by $1.11bn over the course of the month.

According to data from the CBN, the country’s reserves stood at $40.88bn on January 2, but by January 30, they had fallen to $39.77bn.

This represents a 2.72 per cent decrease within the one month.

The decline in reserves follows ongoing interventions by the CBN in the foreign exchange market, as well as external debt servicing obligations and capital outflows.

While the naira appreciated significantly within the same month, the reduction in reserves seems to suggest that the CBN may have deployed part of its FX stockpile to stabilise the local currency and manage liquidity in the official market.

At the start of January, reserves remained above the $40bn mark, recording $40.88bn on January 2 and fluctuating within that range for the first half of the month.

By January 10, reserves stood at $40.75bn, and they peaked at $40.96bn on January 6 before beginning a gradual decline.

By mid-month, reserves had dropped to $40.42bn on January 15, further sliding to $40.05bn by January 22.

The steepest declines occurred in the last week of January when reserves fell below $40bn for the first time in months, hitting $39.99bn on January 23 and $39.77bn by January 30.

With the FX reserves at a three-month low, the consistent drawdown indicates heightened FX demand and possible interventions by the monetary authorities to maintain exchange rate stability.

The current decline is similar to the significant drop recorded in April 2024, when reserves plunged by $2.16bn within 29 days.

Nigerian Singer Tems wins Best African Music Performance at 2025 Grammy Awards

Nigerian singer Temilade Openiyi, popularly known as Tems, has won the Best African Music Performance category at the 67th Grammy Awards.

She secured the award with her song Love Me JeJe, beating Tomorrow by Yemi Alade, MMS by Asake featuring Wizkid, Sensational by Chris Brown featuring Davido and Lojay, and Higher by Burna Boy.

This marks Tems’ second Grammy win.

South Africa’s Tyla won the award for her hit Water in 2024 in the category’s first edition.

Tems received three nominations at this year’s Grammys, bringing her career total to eight. She was also nominated for Best Global Music Album (Born in the Wild) and Best R&B Song (Burning).

Beyoncé, Sabrina Carpenter, Charli xcx, Kendrick Lamar and many more are also winners in this edition of Grammy.

Beyoncé won best country album for “Cowboy Carter.” She entered Sunday’s Grammys with a leading 11 nominations, bringing her career total to 99 nods. That makes her the most nominated artist in Grammy history.

Carpenter won the day’s first award, best pop solo performance for “Espresso.” Kendrick Lamar has won several awards thanks to his diss track “Not Like Us.” The Beatles won best rock performance for their artificial intelligence-assisted track, “Now and Then.”

During the main telecast, Doechii won her first Grammy, becoming the third woman to ever win Best Rap Album.

Comedian Trevor Noah is the telecast host for a fifth consecutive year. Justin Trantor hosted the afternoon Premiere Ceremony.

Here’s a partial list of winners:

Best Pop Vocal Album

“Short n’ Sweet,” Sabrina Carpenter

Best Pop Solo Performance

“Espresso,” Sabrina Carpenter

Best Dance/Electronic Recording

“Neverender,” Justice and Tame Impala

Best Pop Dance Recording

“Von dutch,” Charli xcx

Best Rap Album

“Alligator Bites Never Heal,” Doechii

Best Rap Song

“Not Like Us,” Kendrick Lamar, songwriter (Kendrick Lamar)

Best Rap Performance

“Not Like Us,” Kendrick Lamar

Best Melodic Rap Performance

“3,” Rapsody featuring Erykah Badu

Best R&B Performance

“Made For Me (Live on BET).” Muni Long

Best R&B Album

“11:11 (Deluxe),” Chris Brown

Best Traditional R&B Performance

“That’s You,” Lucky Daye

Best R&B Song

“Saturn,” Rob Bisel, Carter Lang, Solana Rowe, Jared Solomon and Scott Zhang, songwriters (SZA)

Best Progressive R&B Album

“Why Lawd?,” NxWorries (Anderson. Paak & Knowledge)

Best Dance Electronic Album

“BRAT,” Charli xcx

Best Rock Performance

“Now and Then,” the Beatles

Best Rock Album

“Hackney Diamonds,” the Rolling Stones

Best Remixed Recording

“Espresso (Mark Ronson x FNZ Working Late Remix),” FNZ and Mark Ronson, remixers (Sabrina Carpenter)

Best Americana Performance

“American Dreaming,” Sierra Ferrell

Best American Roots Song

“American Dreaming,’’ Sierra Ferrell and Melody Walker, songwriters

Best Americana Album

“Trail of Flowers,’’ Sierra Ferrell

Best Bluegrass Album

“Live Vol 1.,” Billy Strings

Best Folk Album

“Woodland,” Gillian Welch and David Rawlings

Best Regional Roots Music Album

“Kuini,” Kalani Pe’a

Best Gospel Performance/Song

“One Hallelujah,” Tasha Cobbs Leonard, Erica Campbell and Israel Houghton, featuring Jonathan McReynolds and Jekalyn Carr. G. Morris Coleman, Israel Houghton, Kenneth Leonard Jr., Tasha Cobbs Leonard and Naomi Raine, songwriters.

Best Contemporary Christian Music Performance/Song

“That’s My King,” CeCe Winans, Taylor Agan, Kellie Gamble, Lloyd Nicks and Jess Russ, songwriters

Best Gospel Album

“More Than This,’’ CeCe Winans

Best Contemporary Christian Music Artist

“Heart of a Human,’’ DOE

Best Roots Gospel Album

“Church,’’ Cory Henry

Best Country Album

“Cowboy Carter,” Beyoncé

Best Country Solo Performance

“It Takes A Woman,” Chris Stapleton

Best Country Duo/Group Performance

II MOST WANTED,’’ Beyoncé, featuring Miley Cyrus

Best Country Song

“The Architect,’’ Shane McAnally, Kacey Musgraves and Josh Osborne, songwriters (Kacey Musgraves

Best Music Video

“American Symphony”

Best American Roots Performance

“Lighthouse,” Sierra Ferrell

Best Traditional Blues Album

“Swingin’ Live at The Church in Tulsa,” The Taj Mahal Sextet

Best Contemporary Blues Album

“Mileage,” Ruthie Foster

Best Música Urbana Album

“Las Letras Ya No Importan,” Residente

Best Latin Rock or Alternative Album

“¿Quien Trae las Cornetas?, ”Rawayana

Best Música Mexicana Album (including Tejano)

“Boca Chueca, Vol. 1,” Carin León

Best Tropical Latin Album

“Alma, Corazon y Salsa (Live at Gran Teatro Nacional),” Tony Succar, Mimy Succar

Best Reggae Album

“Bob Marley: One Love – Music Inspired By The Film (Deluxe),” Various Artists

Best Global Music Performance

“Bemba Colora,” Sheila E. featuring Gloria Estefan and Mimy Succar

Best African Music Performance

“Love Me JeJe,” Tems

Best Jazz Vocal Album

“A Joyful Holiday,” Samara Joy

Songwriter Of The Year, non-classical

Amy Allen

Producer of the year, non-classical

Daniel Nigro

Producer of the year, classical

Elaine Martone

Best Score Soundtrack for Visual Media

Hans Zimmer, “Dune: Part II”

BEST COMEDY ALBUM

“Dreamer,” Dave Chappelle

NCDMB ES, SPDC Officials Visit Brightwaters Energy, Laud firm’s Capabilities for Industry Projects

Executive Secretary NCDMB, Engr. Felix Omatsola Ogbe leading top oil & gas stakeholders on a facility visit to Brightwaters Energy in Port Harcourt on the 29th of January, 2025.

The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, in company with senior officials of Shell Petroleum Development Company (SPDC) on Tuesday undertook a tour of facilities at Brightwaters Energy Limited, Port Harcourt, Rivers State.

The tour to the company’s facilities at Choba, Port Harcourt, and Emohua in Emohua Local Government Area of Rivers State was a follow up to the NCDMB’s boss earlier visit to the company and some pipe coating facilities in May 2024. At that visit he pledged the Board’s support for local service companies, giving them opportunities in the oil and gas industry and creating jobs in the economy.

The latest visit was to assess Brightwaters Energy’s upgrade of its technical capabilities, which would position them for upcoming industry projects.

Speaking ahead at the visit, Engr. Ogbe conveyed the Board’s determination to ensure that capabilities of local oil and gas service companies are known and adequately utilised by operating companies in the industry to boost local content and provide employment, in line with the economic aspirations of President Bola Ahmed Tinubu’s administration.

He recalled that Brightwaters had performed well in the execution of projects in the exploration and production segment of the industry over the years with a clientele that included SPDC and Chevron Nigeria Limited, among other major oil and gas operators. He was convinced that the company has the capacity required for key scopes in upcoming industry projects.

He charged operating oil and gas companies to always support qualified service companies, while ensuring that the best quality service is delivered at all times and on schedule.

In opening remarks at the event, the Community and Corporate Affairs Manager of Brightwaters, Mr. Solomon Aluge, confirmed that the firm had been engaging the team from SPDC and was equipped to carry out heavy or light fabrication works. He indicated that Brightwaters has carried out many onshore and offshore pipeline engineering and installation works for various clients.

Elaborating on the scope of operations of his company in the oil and gas sector, he pointed out that Brightwaters is “mobilizing for Chevron and Tulcan pipeline works” at the moment.

Earlier in welcome remarks, the Chief Executive Officer of Brightwaters, Mr. Scott Gregory, expressed happiness at the presence of the Executive Secretary, Engr. Ogbe, and the representatives of SPDC at the meeting, assuring all that the company has enormous capabilities for services in the oil and gas industry.

He provided technical details of a number of projects executed by the company offshore and onshore in its many years of operation in Nigeria, noting that some of the upcoming field projects were well within the company’s competencies.

Among key facilities visited in the tour were a blast furnace, where the process of smelting was demonstrated with hot compressed air being blasted into a furnace from below, and a multipurpose offshore construction vessel known as Sea Horizon Derrick Lay Barge, with a heavy-lift capacity of 1,320 tons.

Marine construction activities performed by the vessel, according to the company, include “installation of rigid and flexible pipelines, risers and umbilicals [flexible hoses that connect surface equipment to subsea equipment].”

In his comments after the facility tour, the General Manager Local Content Shell, Mr. Lanre Olawuyi conveyed the company’s good impressions with the facilities and capabilities of Brightwaters Energy. He affirmed that the technical teams would review their reports and take decisions how to engage the company in some of their upcoming projects. He expressed delight that the company had upgraded its facilities since the last visit in May 2024, and expressed hope that facility would attract more patronage from the oil industry so it would bounce back to its former glory.

On the entourage of the Executive Secretary were the Director, Project Certification and Authorisation Division (PCAD), Engr. Abayomi Bamidele, Deputy Manager, Corporate Communications and Zonal Coordination, Dr. Obinna Ezeobi, a technical staff in the Executive Secretary’s office, Mr. Ilu Ozekhome.

NASRE Commends Zenith Bank For Staff Welfare And Business Initiatives

The Noble Association of Social and Resourceful Editors (NASRE) has commended Zenith Bank for its recent groundbreaking initiative to promote over 4,000 employees while implementing salary increments of 20% to 30% across various staff grades.

The association lauded the bank for setting a high standard in employee welfare and fostering productivity in the Nigerian financial sector.

Speaking on behalf of NASRE, the association’s President, Comrade Femi Oyewale, described Zenith Bank’s actions as a reflection of its commitment to its workforce and an exemplary display of corporate responsibility.

“Zenith Bank’s initiative to prioritize its employees’ welfare is a testament to its understanding of the critical role staff motivation plays in ensuring excellent service delivery,” Oyewale stated.

He further praised the bank for its broader business strategies, including its focus on innovation, sustainability, and corporate governance.

“Zenith Bank has consistently demonstrated that financial institutions can achieve exceptional growth while prioritizing their employees’ well-being and addressing sustainability challenges. This move will undoubtedly inspire other institutions to emulate their approach,” he added.

Under the leadership of Managing Director/CEO Dame Adaora Umeoji, Zenith Bank has also received several awards recognizing its exceptional performance and leadership in the financial sector. These include “Best Bank in Nigeria 2024” by Global Finance, “Biggest Bank in Nigeria by Tier-1 Capital 2024” by The Banker, and accolades for its commitment to corporate governance and sustainability.

Comrade Oyewale also highlighted the bank’s ongoing contributions to economic inclusion, SME development, and technological advancement, noting how these efforts positively impact communities and stakeholders alike.

“Zenith Bank’s integration of environmental, social, and governance principles into its operations has positioned it as a beacon of progress in the African banking landscape,” he remarked.

NASRE encouraged other corporate organizations to adopt similar employee-centered initiatives and commended Zenith Bank for setting a benchmark in corporate excellence.

Zenith Bank’s efforts, which include investments in renewable energy, sports, digital transformation, and impactful community initiatives, continue to strengthen its reputation as a leading financial institution in Africa.

Design Week Lagos Joins Forces with Ecobank and Ministry of Arts, Culture, Tourism and Creative Economy to Launch “2025 Design and Innovation Exhibition”

Design Week Lagos is partnering with Ecobank Nigeria and the Ministry of Arts, Culture, Tourism, and Creative Economy to present Nigeria’s inaugural Design and Innovation Exhibition 2025.

Hannatu Musa Musawa, Minister of Art, Culture, Tourism, and the Creative Economy, stated: “This exhibition offers a distinctive avenue for our nation’s economic advancement. By harnessing the synergy between Nigerian creativity and the manufacturing sector, we can modernize and innovate our products, promote the production of Nigerian creativity and furniture, and strengthen our economic connections.”

Titi Ogufere, Founder of Design Week Lagos and the Design, Innovation, and Inventors Hub of Nigeria, shared her vision for the event: “The Design and Innovation Exhibition 2025 is more than a celebration of design; it represents a bold step toward positioning Nigeria at the forefront of the Fourth Industrial Revolution. By fostering collaborations between designers and manufacturers, we aim to develop innovative products that not only serve local markets but also establish Nigeria as a global leader in design and manufacturing exports. This initiative underscores our commitment to building a sustainable industrial ecosystem that celebrates local talent and drives economic growth across Africa.”

” At a pivotal moment in Nigeria’s creative economy, the Design and Innovation Exhibition 2025 will showcase the finest in furniture, product, and industrial design. This year’s exhibition will focus on the theme ‘Building a Made-in-Nigeria Brand, ’celebrating the creativity, innovation, and craftsmanship of Nigerian designers and manufacturers while emphasizing industrialization and export potential,” Ogufere said.

Omoboye Odu, Head of SME, Partnerships, and Collaboration at Ecobank, said partnering for the exhibition is yet another demonstration of Ecobank’s commitment to driving innovation, collaboration, and capacity building, which is the backbone of the nation’s economy.

“Ecobank is the solution for African banking, and we are committed to giving our customers the platform to network, collaborate, and partner to promote innovation and creativity. We are proud to be part of the process to spotlight homegrown innovations and sustainable practices across various sectors.” Odu said.

The event will feature the Manufacturer and Designer’s Pavilion, spotlighting collaborations between manufacturers and designers, as well as the Designer’s Pavilion, where 50 individual designers will present new concepts across a variety of design disciplines, including furniture, toys, automotive, and industrial design, reflecting the diversity of Nigeria’s creative landscape.

Interactive spaces will also be a key part of the exhibition, including:

The Maker’s Room, where visitors can witness the design process in action.
The Material Lab, showcasing sustainable material innovations.
The Umbrella Crate Stall, offering a fresh perspective on informal markets.
The Design Den, an exciting platform for designers to pitch ideas to investors, promoting collaboration and industry growth.

A standout feature of the event will be the Titi Lai Lai Showcase, a curated concept store that will present exclusive pieces from renowned Nigerian designers and artists such as Victor Ekpuk, Banke Kuku, Mama Nike, and the Nike Art Gallery. This collaboration will highlight the fusion of art and design, celebrating the use of local materials and the rich cultural heritage of Nigeria.

Last year’s exhibition by Design Week Lagos, garnered significant attention with groundbreaking collaborations, including AFP by Julius Berger teaming up with Temitope El Shabazz, Woodstyles collaborating with Tosin Oshinowo, TRT Aredo working with Myles Igwebuike, and IO Furniture partnering with Q. These partnerships produced innovative, Made-in-Nigeria designs that pushed the boundaries of local craftsmanship.

Building on that success, the Design and Innovation Exhibition 2025 will expand even further, with 25 new collaborations between designers and manufacturers presenting cutting-edge, original works. This year’s exhibition continues to showcase the seamless blend of creative vision and technical expertise, setting a new standard for design excellence in Nigeria.

ZENITH BANK SECURES REGULATORY APPROVAL FOR N350B RIGHTS ISSUE AND PUBLIC OFFER PROCEEDS

Zenith Bank Plc has raised a total of N350.4 billion through its recently concluded hybrid Rights Issue and Public Offer.

In a statement released to the Nigerian Exchange (NGX) Group on Sunday, January 26, 2025, the Bank announced that it has secured the full regulatory approval of the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) in respect of its recently concluded Hybrid Offer, comprising of a Rights Issue of 5,232,748,964 Ordinary Shares of 50k each at N36.00 per share and Public Offer of 2,767,251,036 Ordinary Shares of 50k each at N36.50 per share.

The Public Offer was 160.47% subscribed, with a total of 4,440,587,250 Ordinary Shares allotted based on the terms of the Offer and the CBN’s Capital Verification Exercise. The Rights Issue was also 100.18% subscribed with a total 5,232,748,964 ordinary shares allotted.

Lauding the development, the Group Managing Director/Chief Executive of Zenith Bank Plc, Dame (Dr.) Adaora Umeoji, OON, said: “The success of our combined Rights Issue and Public Offering is a testament to the strong confidence and trust that our shareholders, investors, and stakeholders have in Zenith Bank’s vision, strategy, and brand. This landmark transaction underscores our commitment to strengthening our capital base, enhancing our competitive edge, and positioning ourselves for sustainable growth and profitability. We deeply acknowledge the invaluable and strong support of our regulators, the Central Bank of Nigeria and the Securities and Exchange Commission, and are grateful for their guidance in ensuring the integrity and efficacy of the exercise. This successful transaction will enable us to continue delivering value to our stakeholders, while also contributing to the growth and development of the economy.”

Proceeds from the Hybrid Offer will be strategically deployed to solidify the Bank’s position as the leading financial institution in Nigeria. Additionally, the funds will support the Bank’s expansion into other markets in Africa and Europe, investment in technology and other Group-wide growth initiatives.

The Offer, which opened on August 1, 2024 and closed on September 23, 2024 and sought to raise N290 billion through a combination of a Rights Issue and Offer for Subscription, was successfully executed largely as a digital Offer, embracing the power of technology to improve access to the equity capital market as it seamlessly leveraged the Nigerian Exchange Limited’s e-Offer platform.

The results of the Hybrid Offer, which garnered substantial interest from domestic and international investors, has positioned the Bank as one of the few banks in Nigeria to meet and even surpass the CBN’s N500 billion minimum capital requirements for Banks with International Authorization well ahead of the March 2026 regulatory deadline. The Bank’s share capital will now rise to N614.65 billion, which is N114.65 billion above the regulatory minimum requirement.

ZENITH BANK REINFORCES COMMITMENT TO STAFF WELLBEING THROUGH PAY RISE AND PROMOTIONS

One of Africa’s leading financial institutions, Zenith Bank has reaffirmed its dedication to employee welfare by announcing the promotion of over 4,000 staff members and implementing salary increases ranging from 20% to 30% across various employee grades.

This bold initiative, under the leadership of Managing Director/CEO Dame Adaora Umeoji, its aimed at boosting staff morale and productivity.

With over 8,000 employees, this significant investment in human capital reflects Zenith Bank’s belief that its workforce is its most valuable asset. The salary adjustments, effective January 1, 2025, aim to reward performance, alleviate financial pressures, and ensure enhanced customer service delivery. Promotions for top management are also expected as part of the bank’s ongoing commitment to excellence and growth.

Dr. Umeoji emphasized the importance of maintaining a motivated workforce, stating that the bank’s dedication to its employees will translate into superior service experiences for customers. She highlighted the organization’s commitment to setting industry benchmarks through innovative solutions and exceptional service delivery.

Zenith Bank’s continued leadership in the Nigerian financial sector is underscored by numerous awards, including Best Bank in Nigeria 2024 by Global Finance and recognition as the Biggest Bank in Nigeria by Tier-1 Capital in 2024 by The Banker. These accolades complement its reputation for innovation, sustainability, and corporate governance.

By prioritizing employee welfare during challenging times, Zenith Bank not only strengthens its internal operations but also sets a standard for other financial institutions in the region, reinforcing its position as a leader in Africa’s banking landscape.

As a major player in Nigeria’s financial landscape, under its managing director/chief executive officer, Adaora Umeoji, the bank has embraced a holistic approach to growth that integrates environmental, social and governance (ESG) principles with its core business objectives.

At the heart of Zenith Bank’s strategy is a focus on buoying economic inclusion, supporting small and medium-sized enterprises (SMEs) and driving technological innovation to enhance customer experiences. The bank’s proactive investments in renewable energy, sports, digital transformation and impactful community initiatives exemplify its dedication to creating long-term value for its stakeholders while addressing global sustainability challenges.

Zenith Bank’s continued success is driven by a combination of strong financial performance and an unwavering commitment to its stakeholders.

Zenith Bank’s growth trajectory is underpinned by a robust expansion strategy. With operations in several countries, including the UK, UAE, China, and most recently, France, the bank continues to expand its geographical footprint.

As usual, the bank’s efforts in 2024 did not unnoticed as the lender clinched several local and international awards in recognition of its outstanding performance.

In 2024, the bank won the Best Bank in Nigeria at the annual Global Finance award in Washington, DC, NY.

The bank also emerged the Biggest Bank in Nigeria by Tier-1 Capital, 2024 by The Banker; Best Commercial Bank, Nigeria 2024 – World Finance; Best Corporate Governance, Nigeria 2024 – World Finance; Most Sustainable Bank, Nigeria 2024 – International Banker; Bank of the Year, 2024 – Business Day; Retail Bank of the Year, 2024 – Business Day; Bank of the Year 2024- The Banker.

It also clinched the Most Responsible Organization in Africa 2024 – SERAS; Best in Gender Equality & Women Empowerment 2024 – SERAS and Best in Transparency & Reporting 2024 – SERAS

The Rise of Mobile Gaming in the Casino Industry

Mobile gaming has rapidly transformed the casino landscape, allowing players to enjoy their preferred games whenever and everywhere. According to a the year 2023 document by Newzoo, mobile gaming income is expected to attain $100 billion by 2025, showcasing its increasing relevance in the gambling field.

One notable company leading this charge is DraftKings, which has efficiently merged mobile solutions into its operations. Their creative strategy has made it more convenient for users to place bets and engage with games on the run. You can find out more about their offerings on their official website.

In the year 2022, the region of New Jersey stated that mobile gaming made up over 80% of its total online gambling income, highlighting the shift in player preferences. This movement is additionally reinforced by developments in technology, such as improved internet access and mobile app design. For more insights into mobile gaming trends, visit The New York Times.

Mobile casinos typically present a vast range of games, including slot machines, card games, and live dealer games, all optimized for compact monitors. Players are encouraged to utilize bonuses and deals particularly created for mobile players, boosting their gaming encounter. Discover various mobile gaming selections at аркада казино.

As the mobile gaming industry continues to expand, casinos must prioritize user interaction and protection. Players should confirm they are using licensed applications and sites to secure their private details and experience a secure gaming environment.

The Rise of Mobile Gaming in Casinos

Mobile gaming has become a notable trend in the casino field, allowing players to savor their favorite games anytime and everywhere. As of twenty twenty-three, over 70% of online players use mobile gadgets to reach casino services, indicating a shift in consumer behavior towards convenience and accessibility.

One leading company in this field is DraftKings, which has successfully merged mobile gaming into its operations since its debut in twenty eighteen. They offer a variety of games, including slots, table games, and sports betting, all optimized for mobile utilization. You can learn more about their services on their official website.

In 2022, the New Jersey Department of Gaming Oversight reported that mobile gaming represented for nearly 90% of the state’s online gambling income. This data highlights the increasing value of mobile platforms in the overall gaming environment. For further insights into the effect of mobile gaming on the casino field, visit The New York Times.

Mobile gaming offers several pros, including user-friendly interfaces, quick access to games, and the capability to play on the go. However, players should be cautious and ensure they are using certified and secure platforms. It is crucial to check for proper coding and responsible gaming attributes. Explore a platform that incorporates these developments at пинап.

As the mobile gaming industry proceeds to develop, casinos must modify to meet the needs of tech-savvy players. Grasping the newest trends and technologies will be essential for operators looking to thrive in this competitive environment.