E-Financial
Polaris Bank Equips 500+ Journalists with Digital Tools for Modern Storytelling
Polaris Bank Limited recently hosted a hybrid capacity-building seminar for approximately 500 journalists both in Nigeria and internationally. The seminar, themed “Empowering Journalists in the Digital Age: Storytelling, Tools & Transformation,” aimed to equip media professionals with the skills and knowledge necessary to thrive in today’s rapidly changing journalism landscape.
L-R: Miss Adaku Sharon Nwankwo, Digital PR Executive, Polaris Bank Limited, Mr. Rasheed Bolanriwa, Acting Head, Brand Management & Corporate Communications, Polaris Bank; Mr. Abayomi Adisa, Senior Journalist, BBC and Mrs. Bukola Oluyadi, Group Head, Customer Experience & Value Management at Polaris Bank during the hybrid capacity-building seminar organised by the Bank for journalists in Lagos recently.
In a welcome address, Rasheed Bolarinwa, Head of Brand Management & Corporate Communications at Polaris Bank, highlighted the bank’s longstanding tradition in media education. He pointed out that Polaris Bank has been investing in such initiatives for the past 12 years and confidently stated that the bank has been in the vanguard in digital capacity building for the Nigerian media. Bolarinwa stressed that enhancing the skills of journalists ultimately benefits society as a whole.
Drawing from a well-known Chinese proverb, he explained that the bank prefers to teach people how to fish rather than simply giving them fish to eat. Empowering journalists to become self-sufficient, he said, is the guiding principle behind the Polaris bank’s executive management annual approval and support of the seminar.
The media seminar featured training sessions led by two prominent journalists: Mr. Taiwo Obe, Founder and Director of The Journalism Clinic, and Mr. Abayomi Adisa, a senior journalist with BBC. Obe reminded participants of the fundamental purpose of journalism, quoting veteran American journalist Tom Rosenstiel: “The purpose of journalism is to provide citizens with the information they need to make the best possible decisions about their lives, their communities, their societies, and their governments.”
Obe discussed the significant transformation journalism has undergone since the early 2000s, driven by technological innovation. He highlighted the emergence of mobile journalism (Mojo), which allows journalists to capture, produce, and share news content in real-time. Obe mentioned Reuters’ 2007 introduction of the Mojo Toolkit, which included the Nokia N95, a small tripod, compact wireless keyboard, solar charger, and external microphone, as a milestone that made it easier for reporters to deliver news on the go.
He encouraged journalists to explore and utilize a variety of free digital applications available on the Google Play Store. By embracing these tools, journalists can go beyond traditional text-based reporting and incorporate audio, video, and interactive graphics to tell more compelling stories. Obe also highlighted the growing adoption of artificial intelligence in Nigerian newsrooms, noting that AI is now being used for tasks such as copy editing, content illustration, content strategy, and advertising targeting, which opens new avenues for efficiency and creativity in journalism.
He further advised journalists to leverage the data from their news stories in innovative ways, suggesting that they transform story data into guidebooks, archival material, issue analyses, position papers, recommendations, puzzles, Q&As, and even inspiration for full-length books.
Meanwhile, Mr. Abayomi Adisa, who focused his presentation on writing for social media, urged participants to harness the magic of making their audiences stop, engage, and share their posts. Adisa outlined key strategies for crafting effective posts and teasers, ensuring that the content is personal, relevant to the audience, engaging, shareable, and concise. He acknowledged that social media is an environment characterized by distraction and noise, so content must be both influential and personally resonant to capture attention.
Speaking at the seminar, Mrs. Bukola Oluyadi, Group Head of Customer Experience & Value Management at Polaris Bank, during her closing remarks emphasized the bank’s commitment to supporting the media industry. She remarked that these seminars are crucial, as no industry or organization can flourish without the involvement and backing of the media.
Oluyadi stated that capacity building is not a one-time effort but a continuous process. She noted, “People cannot improve with the status quo of yesterday; we need to keep building.” According to her, the bank is dedicated to sustaining this initiative annually, fully aware that consistent investment in the media is essential for long-term growth and sustainability.
Ecobank Transnational Incorporated (ETI) has joined the trillion-naira exclusive club of firms, marking its first entry in its two decades of being listed on the Nigerian Exchange.
The Pan-African lender saw its valuation surge more than the N1 trillion mark on Monday, January 5, 2026. As of the close of trade on Monday, January 12, the stock had gained 7.4 percent, with its share price hitting N45. ETI has accrued 23 percent over the past four-week period alone, making it the 40th best on NGX.
“Ecobank Transnational Inc. is currently the 23rd most valuable stock on the NGX with a market capitalisation of N 1.07 trillion, which makes up about 1.02 percent of the Nigerian Stock Exchange equity market,” according to African Stock Exchange data, a market analytics platform.
This historic feat follows the early repayment of $245 million of Ecobank’s $300 million Eurobond issuance to bondholders who validly tendered their notes ahead of the February 2026 maturity date.
This must have led to an improved confidence in the bank’s operation, which gained 61 percent a year ago despite the sell-off that rattled the bank’s stock in 2025.
More Nigerian lenders are seeing their market capitalisation cross the N1 trillion mark, suggesting renewed investor confidence in the sector that’s undergoing a recapitalisation exercise.
GTCO remains the most capitalised, with its valuation reaching N3.62 trillion as of January 12, followed by Zenith Bank, First Bank of Nigeria, United Bank for Africa, Access Bank, and Stanbic IBTC with N2.75 trillion, N2.16 trillion, N1.94 trillion, N1.23 trillion, and N1.7 trillion, respectively. By crossing N1 trillion, Ecobank now sits among the country’s biggest lenders within the trillion-naira club.
Fidelity Bank, on April 4, 2025, saw its market value shoot above N1 trillion, making it the first tier-2 bank to cross the threshold. However, it slipped below the mark on May 20 following a Supreme Court ruling that pressured its share price. The bank’s valuation currently stands at N957 billion.
The membership of the exclusive club of listed companies with at least N1 trillion valuation has increased to 24, compared to 17 a year earlier, according to data from the Nigerian Exchange Limited.
The top five members include BUA Foods with a market cap of N14.38 trillion, MTN Nigerian Communications with N12.70 trillion, Dangote Cement with N10.71 trillion, Airtel Africa with N8.53 trillion, and BUA Cement with N6.2 trillion.
Wema Bank Plc has launched the upgraded version of its flagship digital banking platform, ALAT by Wema. Designed as the next phase in digital banking, the upgraded version of ALAT delivers a smarter, faster, and more intuitive experience, reinforcing Wema Bank’s leadership in technology-driven financial services.
Tagged ALAT: The Evolution, the upgraded version represents a significant advancement in how customers interact with their bank.
It enables seamless banking through intelligent features such as voice banking (called SAW), which allows customers to carry out banking activities using natural voice commands, reducing friction and improving accessibility.
It also introduces Tap and Pay for quick, secure, and convenient contactless transactions, alongside uptime prediction that enhances transparency, reliability, and confidence around service availability.
Together, these innovations are designed to simplify everyday banking while anticipating customer needs in real time, reinforcing Wema Bank’s commitment to trust, efficiency, and customer-centric digital experiences.
While announcing the upgraded version of the ALAT Banking app, Moruf Oseni, Managing Director and Chief Executive Officer of Wema Bank, said, “ALAT: The Evolution is more than an upgrade. It is a clear demonstration of our commitment to redefining digital banking in Africa.
“By understanding the future of banking and listening closely to our customers, we have upgraded ALAT by Wema to a digital banking platform that is smart, intelligent and dependable. This evolution reinforces our promise to deliver innovation that genuinely enhances how people live, work, and transact everyday.”
He added that migrating to the upgraded app is seamless. “Existing customers can simply visit the Google Play Store or Apple App Store to update their existing ALAT app and sign-in with their existing login details (All their account information and transaction history remain intact on their profile and they will also gain access to new features that make banking faster, more intuitive, and more reliable).
For new customers, all they have to do is visit the Google Play Store or Apple App Store to download ALAT by Wema app and click the Get Started icon to onboard seamlessly.
Speaking on the technology in the upgraded ALAT by Wema, Olusegun Adeniyi, Chief Digital Officer at Wema Bank, explained, “With ALAT: The Evolution, we set out to enhance not just functionality but the overall banking experience.
“By integrating voice banking, contactless payments, and predictive reliability, we are delivering a platform that is built on powerful technology and responds intelligently to customer needs. This upgrade reflects our long-term digital vision to create a digital bank that is adaptive, intuitive, and consistently available.”
Built on speed, intelligence, and user-centric design, ALAT: The Evolution redefines everyday banking through intuitive features such as voice-enabled transactions, contactless payments, and predictive service reliability. Designed to anticipate customer needs in real time, the platform delivers a smarter, more seamless, and dependable digital banking experience that reflects Wema Bank’s vision for the future of finance.
With the upgraded version of ALAT, Wema Bank continues to strengthen its position as a digital-first institution, delivering innovative solutions that empower individuals and businesses to bank with confidence in an increasingly digital economy.
Nigeria Deposit Insurance Corporation (NDIC) has declared a second liquidation dividend of ₦24.3 billion for depositors of Heritage Bank Limited (in liquidation) whose account balances exceeded the statutory insured limit of ₦5 million at the time of the bank’s closure.
Heritage Bank’s operating licence was revoked by the Central Bank of Nigeria (CBN) on June 3, 2024, after which the NDIC was appointed liquidator in line with the Banks and Other Financial Institutions Act (BOFIA) 2020 and the NDIC Act 2023.
In a statement signed by Hawwau Gambo, head of the Communication and Public Affairs Department, the Corporation said “the second liquidation dividend would be paid at a rate of 5.2 kobo per ₦1.00 on outstanding uninsured balances. This brings the total liquidation dividend paid so far to 14.4 kobo per ₦1.00.
“The NDIC has now declared a second liquidation dividend of ₦24.3 billion. This amount, derived from debt recovery, sale of physical assets, and realisation of investments, will be applied to the payment of uninsured balances for depositors with funds exceeding the ₦5 million insured limit. The second liquidation dividend is payable at a rate of 5.2 kobo per ₦1.00 on outstanding balances, in accordance with Section 72 of the NDIC Act 2023. This brings the cumulative liquidation dividend declared to date to 14.4 kobo per ₦1.00”.
The NDIC recalled that it had earlier paid a first liquidation dividend of ₦46.6 billion in April 2025, representing 9.2 kobo per ₦1.00, following the reimbursement of insured deposits of up to ₦5 million per depositor from its Deposit Insurance Fund.
According to the Corporation, the second tranche was made possible through sustained recovery of debts and continued asset disposal.
“This payment is in furtherance of our statutory responsibility to ensure that depositors of closed banks are reimbursed promptly as assets are realised,” the NDIC said.
The Corporation explained that payments would be made automatically to eligible depositors using existing records. Depositors who have already received their insured deposits and the first liquidation dividend will have their alternative bank accounts credited automatically through their Bank Verification Numbers (BVN).
However, depositors without alternative bank accounts or BVNs, as well as those who have not claimed their insured deposits or the first liquidation dividend, were advised to visit the nearest NDIC office nationwide or complete the e-claim form on the Corporation’s website for verification and processing.
The NDIC noted that liquidation dividends are paid only to depositors with balances above the insured limit and are sourced from asset sales and recoveries. Other creditors and shareholders will be considered only after all depositors have been fully reimbursed and subject to the availability of funds.
The Corporation assured the public that the ₦24.3 billion payment represents only the second liquidation dividend, adding that further payments would be made as additional assets are realised and outstanding debts recovered.
Depositors were advised to contact the NDIC Claims Resolution Department at any of its offices nationwide or through the Corporation’s official email addresses and helplines for further enquiries.
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