Zenith Bank Emerges ‘Bank of the Year, Nigeria’ in The Banker Awards 2024 Zenith Bank Plc has emerged as ‘Bank of the Year, Nigeria’ in The Banker’s Bank of the Year Awards 2024. The award, which was announced by The Banker Magazine, Financial Times
Group, United Kingdom, during the awards ceremony held in London on December 4, 2024, is in recognition of the bank's strong management, sound business model and strategy,
and approach to sustainability and ESG banking practices. The Banker's ‘Bank of the Year’ accolade is among the most coveted and widely regarded award in the
banking industry. Often contested by the world’s leading financial institutions, the winners span across Africa, Asia-Pacific, Central & Eastern Europe, Latin America, the Middle
East, North America and Western Europe. Commenting on the award, the Group Managing Director/ Chief Executive of Zenith Bank
Plc, Dame (Dr.) Adaora Umeoji, OON, said “We are delighted and honored to have been recognized as Continued on page 32
S'Africa Targets Nigeria's Lithium for Electric Vehicle Revolution... Page 32
Thursday 05 December, 2024 Vol 29. No 10833. Price: N400
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THISDAY/Arise Group Board of Editors Invites Nominations for 2025 THISDAY Awards
Selection closes December 25, winners to emerge 31st Global leaders, legends to attend award ceremony scheduled for January 22
Emmanuel Addeh in Abuja The THISDAY/Arise Group Board of Editors yesterday invited nominations for various categories in its annual
awards ceremony billed for 2025, aptly tagged: “When the Going Gets Tough... the Tough Get Rewarded!” Global leaders, legends are expected to grace the ceremony
scheduled for January 22, 2025. The awards will cover several categories, mostly for the ‘tough and resilient’, including the men and the women and the institutions
rebuilding democratic Nigeria. They include ‘Titans of The Year’, for the men and women who through their vision, action, guts and courage have made a lasting impact
on Nigeria and ‘Man of the Year’ for the man who has significantly influenced major events that defined the year 2024. Also available for nomination
is the ‘Woman of the Year’ award reserved for the woman who has significantly influenced major events Continued on page 32
Oyedele: Derivation Formula'll Reduce Inequitable Resource Distribution
Says tax reform bills necessary to end struggles by Nigeria’s poorest Insists consultants won’t be involved in collection Senate suspends further action on public hearing, sets up 'elders' committee to douse tension
Emmanuel Addeh, Chuks Okocha, Sunday Aborisade, Kuni Tyessi in Abuja and Emma Okonji in Lagos The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, yesterday argued that derivation formula in the tax reform will reduce inequitable distribution of resources. He stated that some states pushing back on the proposed 60 per cent Value Added Tax (VAT) derivation formula may end up with 100 per cent if the courts eventually decide so. The Senate proceeded to set up a 10-member committee of 'elders' led by Senate Minority Leader, Abba Moro to meet with Attorney General of the Federation's team on areas of concerns in the bills to douse the lingering tension of the tax reform. Speaking on Arise Television, Oyedele said that it was surprising that the same states for which the committee was fighting were the ones kicking against the passage of the tax reform bills. The tax expert’s remarks came Continued on page 32
2025 BUDGET READY TO GO...
L-R: Delta State Attorney-General and Commissioner for Justice, Ekemejero Ohwovoriole (SAN); Governor Sheriff Oborevwori; Clerk of the state House of Assembly, Mr. Aghoghophia Otto; and Speaker of the assembly, Hon Emomotimi Guwor, during the signing of the 2025 Appropriation Bill into law by the governor at Government House, Asaba…yesterday
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