Connect with us

Banking

Zenith Bank Creates Z-Woman for Female Business Owners

Published

on

zenith bank z-woman account

By Modupe Gbadeyanka

A new product to empower female business owners in the country has been created by Zenith Bank Plc, one of the leading financial institutions in Nigeria.

A statement from the lender stated that Z-Woman account holders will have the opportunity to enjoy loans of up to N10 million at a single-digit interest rate.

Other freebies attached to this special account include free digital skills training, free exhibition stands at Zenith Bank events and many other benefits, which are expected to help them grow their businesses and increase sales.

According to the Group Managing Director of Zenith Bank, Mr Ebenezer Onyeagwu, Z-Woman offers women the opportunity to enjoy a partnership with the Zenith Bank brand as the name Z-woman implies.

He explained that the Z-Woman account was designed to address the unique needs of women-owned businesses and offer them unmatched services that empower them to achieve more.

Zenith Bank Plc is recognized as one of the most innovative financial institutions in Nigeria and was voted the most customer-focused bank in Nigeria for the Retail and SME segments in the 2018 KPMG Annual Banking Industry Customer Satisfaction Survey (BICSS).

Most recently, the bank won the Best Bank in Retail Banking and the Bank of the Year at the 2019 BusinessDay Banks and Other Financial Institutions (BOFI) Awards and was ranked as the Best Digital Bank in Nigeria 2019 by Agusto & Co.

The bank’s commitment to world-class service standards has led to several product innovations over the last couple of months including the Zenith Timeless Account, which allows Nigerians aged 55 years and above bank for free, the Zenith Save4me, a high-interest target savings account and Dubai Visa Service on the Zenith Internet Banking Platform, which offers convenient application and payment for visas to Dubai.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

Click to comment

Leave a Reply

Banking

CBN Allays Fears of Keystone Bank Customers Over Safety of Funds

Published

on

Keystone Bank Customers

By Aduragbemi Omiyale

The Central Bank of Nigeria (CBN) has assured customers of Keystone Bank Limited of the safety of their funds with the financial institution.

Recall that on Wednesday, February 12, 2025, the Lagos State Special Offences Court sitting in Ikeja ordered the forfeiture of the bank to the federal government.

The lender was taken from its shareholders, Sigma Golf Nigeria and Mr Umaru Modibbo, after its acquisition in 2017 was challenged by the Economic and Financial Crimes Commission (EFCC).

This action caused apprehension among some depositors of Keystone Bank because of safety of their deposits.

However, the central bank, which dissolved the management of the company in January 2024 and appointed the current team, has said customers have nothing to worry about.

“Following the court order that the shares of Keystone Bank Limited previously held by the shareholders be forfeited to the Federal Government of Nigeria, the Central Bank of Nigeria (CBN) wishes to reassure the public that Keystone Bank Limited remains safe, sound, and fully operational.

“We acknowledge that this development may have triggered customer concerns; however, we wish to underscore that the stability of the banking system and the safety of depositors’ funds remain our top priorities. Keystone Bank’s operations are entirely secure, and there is no reason for concern.

“For clarity, the Court Order merely reaffirmed the Central Bank of Nigeria’s prior decision to take over the management of Keystone Bank Limited in January 2024, following a change in its leadership.

“Since then, the CBN has closely monitored the bank’s operations to ensure they are in full compliance with regulatory standards, operational transparency, and the interests of depositors.

“As part of our commitment to safeguarding the financial system and building public trust, we shall continue to monitor the bank’s performance. We will take all necessary steps to protect the interests of depositors, staff, and stakeholders.

“Customers are also encouraged to contact Keystone Bank’s customer support or visit any Keystone Bank branch for inquiries or concerns,” a statement issued by the CBN on Friday by its acting Director for Corporate Commissions, Mrs Hakama Sidi Ali, said.

Continue Reading

Banking

Stanbic IBTC Bank, IFC to Empower Women Entrepreneurs

Published

on

Stanbic IBTC IDE

By Aduragbemi Omiyale

Research has showed that apart from funding, some of the unique challenges faced by women entrepreneurs are lack of business acumen and mentorship.

To address these hurdles, Stanbic IBTC Bank and the International Finance Corporation (IFC) have come together to empower women entrepreneurs.

The partnership aims to create a pathway to success for women who seek to turn their dreams into realities.

They will do this through the Goldman Sachs 10,000 Women programme, which offers tailored support, comprehensive business education, mentorship opportunities, and a platform for networking with industry leaders and fellow entrepreneurs.

The Goldman Sachs 10,000 Women is a global initiative delivered through the University of Leeds to foster economic growth by providing women entrepreneurs around the world with practical education, interactive activities, and instruction by educators from top business schools reaching over 200,000 women.

The curriculum covered in the training includes financial literacy, strategic planning, marketing strategies, and leadership development.

“We believe that supporting women in business is not just a necessity, but also a celebration of their resilience and determination. This was the reason we created the Blue Blossom community to allow women to network, get mentorship, and connect them to financial opportunities with discounted offerings that enable their businesses to grow.

“Our partnership with IFC to enroll women in the Goldman Sachs 10,000 Women SME training embodies our admiration and respect for women entrepreneurs.

“It is part of our commitment to ensure members of the community continue to get the support they need to ensure their businesses thrive,” the Head of Enterprise Banking at Stanbic IBTC Bank, Ms Olajumoke Bello, stated.

Continue Reading

Banking

GTBank Removes POS Processing Fees to Support Merchants

Published

on

GTBank POS Processing Fees

By Aduragbemi Omiyale

Guaranty Trust Bank (GTBank) Limited has reinforced its commitment to supporting businesses with cost-effective payment solutions by removing processing fees on all its Point-of-Sale (POS) terminals.

The company said this became effective Tuesday, February 11, 2025.

With this development, all merchants using GTBank POS terminals will no longer incur Merchant Service Charges (MSC) when receiving payments from customers.

With this initiative, all qualifying SME Merchants can now receive payments at zero cost, allowing them to reduce operational expenses, whilst promoting the merchant’s enterprise, and enhancing customer experience.

The Zero Processing Charge campaign aligns with GTBank’s ongoing efforts to empower businesses with innovative financial solutions that drive growth and efficiency.

For more information, merchants are encouraged to contact their Relationship Managers or reach out to the Digital Banking Support Team at [email protected].

“At Guaranty Trust Bank, we are always looking for ways to add value to our financial ecosystem.

“By implementing the zero processing fees on POS transactions, we are empowering businesses to get the full value of every payment they receive, whilst also ensuring a more seamless and efficient payment experience,” the Managing Director of GTBank, Ms Miriam Olusanya, said.

Continue Reading

Trending