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.
The association’s President, Comrade Femi Oyewale, in a statement 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 and business growth,” 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 recognising 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.
