Category: Business Day

Banks remain at the heart of the global financial system, channeling savings into investments, extending credit to businesses and households, facilitating international trade, and supporting government financing. The latest global banking rankings highlight the immense scale and concentration of financial power among the world’s largest institutions.

According to CompaniesMarketCap data as of June 8, 2026, the world’s 50 largest banks collectively hold $101.6 trillion in assets, a figure approaching the estimated $111 trillion in global government debt recorded in 2025. The rankings underscore the continued dominance of China and the United States in global banking.

Chinese lenders occupy the top four positions, reflecting the country’s vast economy and expansive financial sector. The United States claims two of the top six spots, while major banks from France, the United Kingdom, and Japan also feature prominently among the top 10.

The findings illustrate how a relatively small group of financial institutions continues to play a central role in supporting global economic activity, investment flows, and credit markets worldwide.

Here are the 10 largest banks in the world by total assets.

1. ICBC

With total assets of $7.3 trillion, the Industrial and Commercial Bank of China (ICBC) remains the world’s largest bank.

The lender serves corporate clients, government agencies and retail customers across China while maintaining operations in numerous international markets. Its balance sheet has expanded alongside China’s economic growth, making it a key source of financing for infrastructure, manufacturing and trade activities.

The bank’s asset base alone exceeds the annual economic output of many major economies, highlighting its role within both China’s financial system and the global banking sector.

2. Agricultural Bank of China

The Agricultural Bank of China ranks second globally with assets of $6.76 trillion.

Founded to support rural development and agricultural production, the bank has evolved into one of China’s largest commercial lenders. It now serves millions of individuals and businesses across urban and rural regions.

Its position near the top of the rankings reflects the growing scale of China’s domestic financial market, where demand for mortgages, business loans and investment products continues to drive banking activity.

3. China Construction Bank

China Construction Bank holds assets worth $6.2 trillion, placing it third worldwide.

The institution has played a major role in financing housing developments, transport projects and urban expansion throughout China. As investment in infrastructure became a central component of economic development, the bank’s balance sheet expanded accordingly.

Today, it remains one of the country’s most important lenders and a major participant in international financial markets.

4. Bank of China

The Bank of China ranks fourth globally with assets of $5.27 trillion.

Established more than a century ago, it is one of China’s oldest banking institutions. The bank operates extensively outside mainland China, providing services across Asia, Europe, Africa and the Americas.

Its international footprint has helped strengthen China’s financial connections with overseas markets while supporting trade and investment flows.

5. JPMorgan

JPMorgan Chase is the largest bank in the United States and the fifth-largest globally, with assets totalling $4.42 trillion.

The institution operates across consumer banking, commercial lending, investment banking and asset management. Its presence spans more than 100 countries, giving it a central role in global capital markets.

The bank’s size reflects the continued strength of the US financial system, which remains one of the largest sources of investment capital worldwide.

6. Bank of America

Bank of America occupies sixth place with assets of $3.41 trillion.

The lender provides banking, investment and wealth-management services to households, businesses and institutions. Its extensive branch network and digital banking operations have helped it maintain a significant share of the US market.

The bank remains a major source of credit for consumers and businesses across the country.

7. BNP

France’s BNP Paribas ranks seventh globally with assets of $3.28 trillion.

The bank operates across retail banking, corporate finance, investment services and asset management. Its activities span dozens of countries, giving it one of the broadest international footprints among European lenders.

Its position in the rankings reflects the continued importance of France within the European financial sector.

8. HSBC

HSBC holds assets worth $3.23 trillion, making it the eighth-largest bank in the world.

Headquartered in London, the bank has built its business around international trade and cross-border finance. It maintains a particularly strong presence in Asia, where much of its revenue is generated.

Its network links businesses and investors across multiple regions, helping facilitate global commerce and capital flows.

9. Crédit Agricole

Crédit Agricole ranks ninth globally with assets of $2.79 trillion.

Originally established to support agricultural communities, the institution has developed into one of Europe’s largest banking groups. It provides services ranging from retail banking and insurance to investment management and corporate finance.

Its ranking means France is the only country with two banks among the global top 10.

10. Mitsubishi UFJ Financial Group

Mitsubishi UFJ Financial Group completes the top 10 with assets of $2.67 trillion.

As Japan’s largest banking institution, it plays a central role in financing businesses both domestically and internationally. The bank has expanded its presence across Asia and other major markets through investments and acquisitions.

Its position highlights Japan’s continued importance in global finance despite the growing dominance of Chinese and American institutions.

In a move to reward its shareholders for the year ended December 31, 2025, FCMB Group Plc has proposed final dividend of 35 kobo per ordinary share for the financial year.

FCMB Group Plc has released its audited group results for the full-year ended December 31, 2025 and its unaudited group results for the first quarter (Q1) ended March 31, 2026.

The final dividend announcement on Monday June 8, which is subject to shareholder approval at the upcoming Annual General Meeting (AGM), underscores the financial institution’s resilience and focus on delivering sustained value amid a dynamic macroeconomic environment.

The dividend will be paid to shareholders whose names appear in the Register of Members as at the close of business on Monday, June 15. The register of shareholders will be closed on Tuesday, June 16.

On Tuesday, June 30, dividends will be paid electronically to shareholders whose names appear on the Register of Members as at the close of business on Monday, June 15, and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their bank account.

The proposed dividend per share of 35 kobo represents a 36 percent reduction from 2025 as a result of the increased number of shares following the 2025 public offer and non-payment of 2025 interim dividend from the banking subsidiary to the holding company.

At N12 per share the stock exchanges by 2.30pm on Monday, June 8, it nears its 52-week high of N14.5 as against a corresponding week low of N8.55.

FCMB Group gross revenue grew by 42.5 percent to N1.13 trillion for FY 2025 (FY 2024: N794.4 billion), largely driven by a 61.7 percent growth in interest income and a 17.3 percent growth in earning assets from N4.18 trillion to N4.90 trillion. The same revenue drivers underpinned a strong start to 2026, with gross revenue growing by 26.7 percent Year-on-Year (YoY) to N320.2 billion in Q1’2026 (Q1′ 2025: N252.7 billion).

Net Interest Income grew by 124.5 percent to N505.9 billion (FY 2024: N225.3 billion), driven by a growth in Net Interest Margin to 9.5 percent for FY 2025 from 6.3 percent as at FY 2024. This momentum extended into Q1’2026, as Net Interest Margin grew further to 10.7 percent. Continued investment in people, technology, and business expansion supported scale and long-term growth. This was reflected in improved efficiency, as Cost-to-Income Ratio (CIR) declined to 53.8 percent from 59.9 percent in FY 2024.

Cost-to-income ratio improved further in Q1′ 2026 to 46.7 percent. Net impairment losses on financial instruments increased to N81.7 billion (FY 2024: N41.2 billion), as the group’s Nigerian banking subsidiary exited the CBN loan forbearance, which resulted in a growth in cost of risk to 3.6 percent from 1.8 percent recorded for FY 2024.

Cost of risk eased to 2.2 percent in Q1’2026. Profit Before Tax grew by 81 percent to N202.1 billion in FY 2025, while Profit After Tax increased by 142 percent to N177.3 billion. Return on Equity improved to 23.2 percent, while Return on Assets rose to 2.4 percent. The strong earnings momentum continued into Q1′ 2026, with Profit Before Tax and Profit After Tax increasing by 148 percent and 137 percent Year-on-Year to N87 billion and N76.5 billion, respectively.

Annualised Return on Equity and Return on Assets improved to 31 percent and 3.9 percent, respectively. Earnings Per Share grew by 66.7 percent to N3.96 in FY 2025 (FY 2024: N2.38) and annualiaed EPS run-rate increased to N4.63 in Q1’2026, reflecting strong earnings growth despite a higher total number of shares in issue post recapitalisation.

ýýThe Anambra State Government has commenced the issuance of demolition notices to more than 500 owners and occupiers of illegal, dilapidated, and unsafe structures across Nnewi.

This is part of Governor Chukwuma Charles Soludo’s ambitious urban renewal programme aimed at transforming the commercial city.

ýýThe exercise, led by the Ministry of Physical Planning and Urban Development, marked the first phase of a comprehensive regeneration initiative designed to restore order, improve on infrastructure and reposition Nnewi as a modern industrial and commercial hub.

ýýAffected structures include shanties erected beneath high-tension power lines, buildings constructed without approved setbacks, and unauthorized developments.

Others are filling stations, hotels, and other decrepit structures considered hazardous to public safety and urban development.

ýýThe targeted locations span major corridors and strategic areas of the city, including the Nnewi Triangle axis, Hundred Foot Road, Post Office area, Anaedo Road, and Igwe Orizu Road.

Ezemewi Road, Nkwo axis, and sections of the Nnewi-Owerri Road right-of-way and also other major Trunk A road corridors in Otolo, Umudim, and Uruagu are also affected.

Chijioke Oseloka Ojukwu, Commissioner for Physical Planning and Urban Development, while speaking during the enforcement exercise, said the action was in line with the governor’s vision of building a cleaner, safer, and more orderly urban environment.

He added that it would lay the foundation for the comprehensive regeneration of Nnewi and the restoration of its position as a premier industrial and commercial hub.

ýOjukwu said the notices also served as formal warning to owners of structures obstructing the right-of-way of the newly dualized Nnewi-Owerri Road and other areas earmarked for redevelopment under the State’s urban transformation agenda.

ýHe disclosed that more than 500 owners of illegally constructed structures had been served notices and granted a two-week ultimatum to comply before government enforcement and demolition activities commence.

ýThe commissioner noted that the renewal programme would facilitate the completion of the long-abandoned Nnewi Triangle Mall, alongside the development of modern bus terminals, recreational centres, and other public infrastructure designed to enhance economic activity and urban mobility.

ýýThe initiative follows Governor Soludo’s recent inspection tour of Nnewi and forms part of a broader strategy to reclaim abandoned public assets.

It is also to eliminate urban blight, address infrastructure deficits, and create a more functional and attractive city environment.

ýThe commissioner acknowledged the temporary inconvenience the exercise may cause, but urged residents and business owners to cooperate with the government.

Ojukwu also reaffirmed the Ministry’s commitment to enforcing physical planning laws with fairness and firmness in pursuit of a cleaner, safer, and more prosperous Nnewi.

Nigeria must address regulatory uncertainty, infrastructure deficits and weak contract enforcement to unlock greater investment and gas supply to the domestic market, said James Makinde, the managing director of the ANOH Gas Processing Company (AGPC).

Speaking at the 2026 Business Forum of the Association of Local Distributors of Gas (ALDG) in Abuja, Makinde said Nigeria’s domestic gas market has evolved significantly and can now compete favourably with export destinations, provided investors are given the certainty needed to commit long-term capital.

The forum, themed ‘From Policy to Performance: Unlocking Demand, Industrialisation and Energy Security,’ brought together stakeholders across the gas value chain to discuss challenges and opportunities in Nigeria’s push to deepen gas utilisation.

Makinde challenged the widely held perception that gas producers are reluctant to supply the domestic market, arguing that commercial realities have changed.

‘There is an erroneous perception that producers do not want to supply gas to the domestic market. That is not correct. The domestic market now offers opportunities that can compete favourably with export markets. However, investors need predictability. Capital flows to environments where there is stability and certainty,’ he said.

His comments come as Nigeria seeks to leverage its vast gas reserves to drive industrialisation, improve electricity supply and strengthen energy security under the Federal Government’s Decade of Gas initiative.

Despite possessing more than 200 trillion cubic feet of proven gas reserves, the country continues to struggle with inadequate domestic gas supply, infrastructure bottlenecks and underinvestment across the value chain.

Makinde identified regulatory unpredictability and frequent pricing changes as major obstacles to attracting new investments in gas development projects.

According to him, investors require visibility over future revenues before committing capital, particularly for projects with long development cycles.

‘If investors cannot reasonably forecast revenues over a five- or ten-year period, it becomes difficult to secure financing. We need greater predictability in both regulation and pricing if we are to unlock more gas for the domestic market,’ he said.

Beyond policy concerns, he noted that infrastructure gaps remain a significant constraint to growth.

While commending ongoing projects such as the Obiafu-Obrikom-Oben (OB3) gas pipeline, Makinde said Nigeria needs a more integrated approach to gathering, processing and transporting gas.

He advocated the establishment of centralised gas gathering and processing systems that would aggregate supplies from multiple fields and improve the commercial viability of stranded gas reserves.

‘There are processing facilities that are underutilised because they lack sufficient feedstock, while significant gas resources remain undeveloped because operators cannot justify the infrastructure costs. We need a framework that aggregates gas, processes it centrally, and delivers it efficiently to market,’ he said.

Industry stakeholders have repeatedly cited inadequate pipeline infrastructure as one of the key reasons why significant gas reserves remain untapped despite growing demand from power plants, industries and households.

Makinde also called for stronger contract sanctity and greater commercial discipline across the sector, particularly in gas supply agreements linked to power generation.

He noted that gas development projects are typically financed based on expected cash flows, making reliable counterparties and enforceable contracts critical to investment decisions.

According to him, improving contract enforcement would significantly reduce commercial risks and enhance investor confidence across the industry.

On the role of coal and other competing energy sources, Makinde said competition should be viewed as a positive force that drives efficiency rather than a threat to the gas industry.

‘I do not see coal as a challenge to our business. In fact, competition in the energy space is healthy. It pushes us to think more critically about pricing and market efficiency, especially down to the last mile,’ he said.

He added that a diversified energy mix can coexist within a well-regulated framework, while environmental concerns should remain the responsibility of relevant regulatory authorities.

Makinde said Nigeria’s domestic gas market is poised for significant growth if longstanding structural challenges are addressed.

‘If we collectively address these challenges, the market is ready for growth, and producers will be willing to commit even more gas volumes to the domestic market,’ he said.

Ubuntu Tribe has identified tokenised finance and interoperable financial systems as key drivers of Africa’s next phase of economic growth, as the organisation deepens its engagement across major markets, including Nigeria.

The company believes Africa is well-positioned to benefit from the rapid evolution of digital finance, particularly as global institutions accelerate investment in blockchain-enabled infrastructure and tokenised real-world assets.

Industry estimates suggest the global market for tokenised real-world assets could exceed $50 trillion by 2030, creating new opportunities for capital access, ownership and wealth creation.

Against this backdrop, Ubuntu Tribe said Africa has a unique opportunity to move beyond fragmented financial systems and build infrastructure that supports trust, interoperability and long-term economic participation.

The Chief Executive Officer and Founder of Ubuntu Tribe, Mamadou Kwidjim Toure, said the conversation around Africa’s place in the global financial system should now focus on ownership and participation.

‘Africa’s next chapter will depend on the infrastructure we build today,’ said Mamadou Kwidjim Toure, CEO and Founder of Ubuntu Tribe. ‘The question is no longer whether Africa will participate in the future financial system. The question is whether Africans will own meaningful parts of it. We are building infrastructure designed to expand access, trust, and long-term economic participation across the continent.’

Ubuntu Tribe’s platform offers services including gold-backed savings, digital payments and asset-backed financial products designed to make investment opportunities more accessible.

The company said its flagship product, $GIFT Gold, enables users to buy, save, send and transact using gold-backed digital assets, lowering barriers to entry into asset classes that have traditionally been accessible only to wealthier investors.

Toure, who has spent more than two decades working across infrastructure, finance, technology and cross-border investment ecosystems, said building resilient financial infrastructure remains critical to Africa’s economic future.

Ubuntu Tribe noted that Nigeria remains one of the continent’s most strategic markets because of its strong entrepreneurial culture, digital adoption and growing influence in financial innovation.

Beyond technology, the organisation said its mission is centred on creating systems that preserve value, expand access to opportunities and strengthen economic dignity across Africa for future generations.

The Federal Competition and Consumer Protection Commission (FCCPC) has dismissed reports claiming that President Bola Tinubu approved plans to open Nigeria’s airtime credit market to nine new operators, stating that the commission was neither aware of nor involved in the claims attributed to it.

In a statement issued on Sunday, Ondaje Ijagwu, the FCCPC’s Director of Corporate Affairs, described as inaccurate media reports suggesting that the commission submitted the names of local fintech companies to the Presidency as part of efforts to reform the airtime credit market.

According to Ijagwu, the commission had no role in the alleged approvals and was not involved in any process leading to the reported expansion of the sector.

‘The commission wishes to state clearly that it is not aware of, and was not involved in, the claims attributed to it in the report absolutely,’ he said.

The reports, which appeared in several national newspapers on Friday and Saturday, alleged that President Tinubu had endorsed proposals by the FCCPC to restructure the airtime credit market and approved nine Nigerian fintech firms to participate in the sector.

The companies named in the reports include Technotrends Platforms Nigeria Limited, Total Tim Nigeria Limited, Fonyou Technologies Nigeria Limited, Rane Interactive Medien CLS Limited, MRS Innovation Nigeria Limited, Mode NG Applications Nigeria Limited, ERL Telecoms Service Limited, Cloud Interactive Associate Limited, and Coverage Broadband Limited.

However, the FCCPC reiterated that it had no involvement in the purported approvals and emphasised that the regulatory framework under which the firms were reportedly approved remains suspended.

Ijagwu explained that the implementation and enforcement of the DEON Consumer Lending Regulations 2025 had been halted following an interim injunction granted by the Federal High Court in Lagos on April 15, 2026.

The injunction was issued in a suit filed by the Wireless Application Service Providers Association of Nigeria (WASPAN), challenging aspects of the regulations.

‘As a law-abiding public institution, FCCPC remains bound by the court order to suspend enforcement of the regulation pending the determination of the substantive case by the court, which has been fixed for July 20, 2026, for further hearing,’ Ijagwu stated.

He added that the commission remains committed to following all lawful procedures in relation to the matter while fully complying with the directives of the court.

The FCCPC’s clarification comes amid growing public interest in the future of Nigeria’s airtime credit market and the role of fintech companies in expanding access to digital financial services.

The commission maintained that any changes to the regulatory framework would be pursued strictly within the bounds of the law and in accordance with ongoing judicial proceedings.

The West African Examinations Council (WAEC) has warned school proprietors, principals, supervisors and invigilators against extortion of candidates sitting the 2026 West African Senior School Certificate Examination (WASSCE), stressing that it undermine the integrity of the examination process.

The examination council disclosed this on Monday through a statement signed by Moyosola Adesina, head of public affairs on behalf of the head of national office at WAEC Nigeria.

‘The West African Examinations Council has received alarming reports of supervisors and some schools extorting candidates under various pretexts, including transportation of scripts, welfare packages, and unauthorized ‘cooperation’ fees.

‘WAEC has also noted cases where schools demand payment for KAPEK calculators already provided by the council at no cost to candidates.

WAEC condemns these practices as illegal, unethical, and a direct threat to the integrity of the West African Senior School Certificate Examination (WASSCE),’ the statement reads in part.

Hence, WAEC directs all school proprietors, principals, supervisors, and invigilators to comply with the following, no collection of money from candidates or parents for any examination official.

Immediate reporting of any extortion attempt to the zonal coordinator/branch controller or via: [email protected] and [email protected].

Besides, the council all school proprietors, principals, supervisors and invigilators to ensure there is no harassment of intimidation of candidates in any form.

‘Schools or officials found violating these directives will face strict sanctions, including derecognition, blacklisting, prosecution and referral to relevant authorities for disciplinary action,’ WAEC warns.

The councils restates its commitment to protecting the integrity of its examinations and safeguarding the future of the Nigerian child.

Recall that BusinessDay earlier reported that WAEC attributed delays in the conduct of the 2026 WASSCE in some centres to a combination of logistical and operational challenges.

‘The West African Examinations Council has received with deep concern the reports concerning the delayed conduct of the West African Senior School Certificate Examination (WASSCE) in some centres.

‘It is therefore necessary to inform our valued stakeholders of our findings and the steps taken so far to ensure that the incident of delayed conduct does not occur for the rest of the conduct of the examination. The delay was caused by a combination of logistical and operational challenges,’ WAEC stated.

The modern IT industry is rapidly evolving, with cloud computing, automation, and DevOps practices becoming the foundation of digital transformation. Organizations are no longer relying on traditional infrastructure; instead, they are adopting cloud-native solutions that improve scalability, speed, and efficiency. As this shift continues, the demand for certified professionals in Azure development and DevOps engineering has increased significantly. Certifications help validate technical skills and demonstrate real-world capability in managing cloud systems, automation pipelines, and application development environments. Many learners depend on structured preparation platforms such as Pass4sure to enhance their understanding of certification topics and improve their exam readiness. These resources provide practice materials and study guidance that help candidates build confidence and strengthen their technical knowledge before attempting official certification exams.

The Importance of Cloud and DevOps Certifications in Today’s IT Industry

Cloud and DevOps certifications have become essential for IT professionals who want to stay relevant in a highly competitive job market. Companies are increasingly adopting DevOps methodologies to improve collaboration between development and operations teams, automate workflows, and deliver software faster. Certifications validate a professional’s ability to work in these environments effectively and efficiently.

In addition to validating technical skills, certifications also help professionals gain a deeper understanding of cloud infrastructure, automation tools, and deployment strategies. Employers prefer certified candidates because they reduce training costs and bring verified expertise to the organization. As cloud technologies continue to evolve, certifications remain a reliable way for professionals to demonstrate their knowledge and commitment to continuous learning.

Read More: https://www.pass4sure.com/

Understanding the Role of Azure DevOps in Modern Development

Azure DevOps has become a critical platform for managing the entire software development lifecycle, from planning and coding to testing and deployment. It provides tools that enable teams to collaborate effectively, automate processes, and deliver high-quality applications at scale. With features such as pipelines, repositories, and testing frameworks, Azure DevOps simplifies complex workflows and improves productivity.

Professionals working with Azure DevOps are expected to understand continuous integration and continuous delivery concepts, version control systems, and infrastructure automation. These skills are highly valued in modern IT environments where speed and reliability are essential. Certification programs focused on Azure DevOps help professionals gain practical knowledge and prepare for real-world challenges in software development and cloud operations.

Preparing for Azure DevOps Engineer Certification AZ-400

The AZ-400 certification is designed for professionals who want to specialize in DevOps engineering using Microsoft Azure. It focuses on combining development and operations skills to build efficient and automated workflows. Candidates preparing for this certification must understand topics such as source control management, build automation, release pipelines, and infrastructure as code.

Read More: https://www.pass4sure.com/AZ-400.html

The AZ-400 certification is considered advanced and requires both theoretical knowledge and practical experience. It is ideal for professionals who already have experience with Azure administration or development and want to transition into DevOps roles. Preparation involves understanding real-world scenarios where automation and collaboration play a key role in improving software delivery processes.

Exploring Azure Developer Skills with AZ-204 Certification

The AZ-204 certification focuses on developing applications and services on the Microsoft Azure platform. It is designed for developers who want to build cloud-based solutions using Azure tools and services. This certification covers essential topics such as Azure compute solutions, storage management, security implementation, and API development.

Candidates preparing for AZ-204 must have strong programming skills and a solid understanding of cloud application architecture. The certification helps developers gain the ability to design scalable and secure applications that run efficiently in cloud environments. It also enhances their ability to integrate Azure services into modern applications, making them valuable assets in software development teams.

How Practice Resources Improve Certification Success

Preparation for Azure certifications requires more than just reading study guides. Practical exposure and real exam simulation play a crucial role in helping candidates succeed. Practice tests, sample questions, and structured learning materials allow learners to understand exam patterns and improve time management skills.

Platforms like Pass4sure provide valuable resources that help candidates prepare effectively for certification exams. These materials allow learners to identify weak areas, improve problem-solving skills, and build confidence before attempting the actual exam. Consistent practice also helps candidates become familiar with the types of questions they may encounter, improving their overall readiness.

The Growing Demand for Azure Professionals in the IT Industry

As more organizations migrate to cloud platforms, the demand for Azure professionals continues to grow. Companies require skilled individuals who can design, deploy, and manage cloud-based solutions efficiently. Azure developers and DevOps engineers play a crucial role in ensuring that applications run smoothly and securely in cloud environments.

Certified professionals are often preferred for roles such as cloud engineer, DevOps engineer, software developer, and solutions architect. These roles offer strong career growth opportunities and competitive salaries. The increasing adoption of cloud technologies across industries ensures that Azure skills will remain in high demand for years to come.

Building Real-World Experience Alongside Certification

While certifications are important for validating knowledge, real-world experience is equally essential for career success. Working on practical projects helps professionals apply theoretical concepts in real environments. This includes setting up pipelines, managing cloud resources, deploying applications, and troubleshooting system issues.

Hands-on experience allows candidates to understand how Azure services work together and how DevOps practices improve software delivery. Combining certification knowledge with practical experience makes professionals more effective and job-ready. Many employers look for candidates who can demonstrate both theoretical understanding and practical expertise.

The Future of DevOps and Cloud Development Careers

The future of IT is strongly connected to cloud computing and DevOps practices. As businesses continue to adopt digital transformation strategies, the need for automation, scalability, and efficient deployment systems will continue to increase. Azure platforms will play a major role in supporting these changes.

Emerging technologies such as artificial intelligence, machine learning, and containerization are also being integrated into cloud environments. This creates new opportunities for professionals who are skilled in Azure development and DevOps engineering. Certifications will continue to be a key factor in validating skills and ensuring industry readiness.

Read More: https://www.pass4sure.com/AZ-204.html

Frequently Asked Questions

What is Azure DevOps used for?

Azure DevOps is used to manage the software development lifecycle, including planning, coding, testing, and deployment using automated tools and workflows.

What is the AZ-400 certification about?

AZ-400 focuses on DevOps engineering in Azure, covering automation, CI/CD pipelines, and collaboration between development and operations teams.

What does AZ-204 certification cover?

AZ-204 focuses on developing applications and services on Azure, including storage, compute, security, and API integration.

Why are Azure certifications important?

Azure certifications validate technical skills, improve job opportunities, and demonstrate expertise in cloud computing and development practices.

Are practice exams useful for certification preparation?

Yes, practice exams help candidates understand exam patterns, improve time management, and strengthen weak areas before the real test.

Conclusion

Azure certifications have become a vital part of career development for IT professionals aiming to specialize in cloud development and DevOps engineering. Certifications such as AZ-400 and AZ-204 provide structured learning paths that help individuals gain both theoretical knowledge and practical skills. With the support of preparation platforms like Pass4sure, candidates can access valuable study resources and practice materials that improve their chances of success. As cloud technologies continue to evolve, professionals with Azure expertise will remain in high demand, making certification a powerful tool for long-term career growth and success in the IT industry.

Ecowaka, a Nigerian electric mobility company focused on clean transport solutions, has announced a partnership with GreenMax Capital Group to support expanded access to financing for electric three-wheelers (e-kekes) in Nigeria.

The collaboration aims to address one of the largest barriers to electric vehicle adoption across African markets: the high upfront cost of vehicle acquisition. Through the partnership, eligible drivers, fleet operators, cooperatives, and small businesses will be able to access financing options designed to reduce initial payment requirements and support repayment over time.

The initiative is being supported through the Green-for-Access First Loss Facility (G4A), a blended finance platform managed by GreenMax Capital Group that helps unlock financing for distributed renewable energy and electric mobility technologies in emerging markets.

Ecowaka has successfully deployed 10 electric three-wheelers, marking a significant operational milestone in the company’s journey toward cleaner, more efficient urban mobility. This deployment represents the first phase of a carefully structured rollout strategy, as Ecowaka advances toward its target of 500 units before the close of the year.

Nigeria’s transport sector continues to face rising fuel costs, urban air pollution, and increasing demand for affordable mobility solutions. Electric three-wheelers offer a lower operating-cost alternative to conventional internal combustion vehicles, particularly for commercial transport operators.

‘We are excited to work with GreenMax and G4A to help make electric mobility more financially accessible,’ said Prince Ojeabulu, Founder and CEO of Ecowaka. ‘Access to financing remains one of the key barriers preventing many drivers and small operators from transitioning to electric vehicles. This partnership is designed to help reduce that barrier while supporting cleaner and more efficient transportation solutions.’

David Ekabouma, Chief Executive Officer of GreenMax Capital Group, said the partnership reflects the growing importance of catalytic financing structures in scaling electric mobility across African markets.

‘Access to affordable financing remains one of the largest constraints to e-mobility adoption,’ said Ekabouma. ‘Through G4A, GreenMax is working with partners such as Ecowaka to help reduce financing risk and expand access to clean transportation technologies for underserved users and enterprises. We believe blended finance mechanisms can play an important role in accelerating commercially sustainable electric mobility markets.’

The partnership also aligns with broader efforts to expand clean energy deployment and reduce transport-sector emissions across Nigeria and Sub-Saharan Africa.

As global investors increasingly scrutinise environmental, social, and governance (ESG) performance, a clear divide is emerging among Nigeria’s largest listed companies. While a handful of firms are embracing international sustainability standards and publishing detailed climate disclosures, others remain stuck with outdated reports and limited transparency, potentially risking investor confidence and access to capital.

The shift comes as sustainability reporting moves from voluntary corporate messaging to a regulatory requirement. In Nigeria, the Financial Reporting Council of Nigeria (FRCN) has mandated the adoption of International Financial Reporting Standards (IFRS) Sustainability Disclosure Standards. Concurrently, Nigerian Exchange Group (NGX) Regulation has introduced Sustainability Disclosure Guidelines aimed at improving transparency and comparability across listed companies.

National ESG compliance trails continental peers

Yet despite the growing regulatory push, Nigeria continues to trail leading African peers. According to the 2025 IPMC ESG Ratings Report released by PwC, which assessed more than 120 companies across the manufacturing, financial services, oil and gas, telecommunications, and professional services sectors, Nigeria ranks third in Africa behind Kenya and South Africa. The country possesses an overall ESG compliance performance level of approximately 32 percent.

The findings reveal a widening gap between ESG pioneers and laggards in Nigeria’s corporate sector. Among listed companies, MTN Nigeria has positioned itself as one of the country’s strongest ESG performers. The telecommunications giant released its seventh consecutive sustainability report for 2025 on May 4, 2026, disclosing measurable progress across environmental, social, and governance indicators.

The company reported a 6.4 percent reduction in Scope 1 and Scope 2 greenhouse gas emissions compared with its 2021 baseline, increased female workforce representation to 43.4 percent, directed 62 percent of procurement spending to local suppliers, and maintained a CDP Climate Change rating of B-. MTN Nigeria also disclosed that its network coverage now reaches 93 percent of the population, while its corporate social investment initiatives impacted over 663,300 lives with investments amounting to N3.5 billion.

Telecoms and banking pioneers drive integration

Tobechukwu Okigbo, Chief Corporate Services and Sustainability Officer at MTN Nigeria, said the company had deepened its sustainability integration during the reporting year. ‘During the year, we conducted a True Value Assessment of our social, economic, and environmental impacts from 2021 to 2024, completed a double materiality assessment, and hosted the inaugural Facts Behind the Sustainability Report at the NGX,’ Okigbo said. ‘Our focus remains clear: deepening ESG integration, empowering our people, and delivering measurable, net-positive outcomes. These results strengthen our conviction that responsible business is the foundation of lasting growth.’

The disclosures are particularly significant under IFRS S2 requirements, which focus on climate-related risks and emissions reporting. According to the Greenhouse Gas Protocol, Scope 1 emissions represent direct emissions from a company’s own operations, such as fuel combustion in company-owned assets, while Scope 2 emissions refer to indirect emissions arising from purchased electricity and energy.

Within the banking sector, Access Holdings has emerged as a sustainability reporting leader. A review of disclosures from Nigeria’s Tier-1 banks shows that Access Holdings is among the few institutions that explicitly state compliance with IFRS Sustainability Standards S1 and S2. In its 2023 Group Sustainability Report (published as an NGX document in December 2024) and its recently released 2024 report, the corporation detailed measurable environmental targets and outcomes. These include a 7.8 percent reduction in operational emissions, the deployment of 221 solar-powered automated teller machines (ATMs), a commitment to achieve carbon neutrality by 2035, and climate scenario analysis assessing the resilience of its lending portfolio under various climate risks.

Tier-1 lenders struggle with quantitative climate data

These disclosures place Access Holdings ahead of many of its peers in terms of alignment with emerging global reporting standards. IFRS S1 establishes a framework for sustainability-related financial disclosures, while IFRS S2 specifically focuses on climate-related risks and opportunities. International Sustainability Standards Board (ISSB) Chairman Emmanuel Faber noted the design intent behind the frameworks. ‘The ISSB Standards have been designed to help companies tell their sustainability story in a robust, comparable and verifiable manner,’ Faber said. The standards require companies to disclose how sustainability and climate issues affect business models, strategy, risk management, and long-term profitability.

Despite growing sustainability ambitions, many Nigerian banks still fall short on quantitative climate disclosures. Zenith Bank, Guaranty Trust Holding Company (GTCO), United Bank for Africa (UBA), and First Bank of Nigeria all reference sustainability frameworks such as the Task Force on Climate-related Financial Disclosures (TCFD), the United Nations Sustainable Development Goals, and the Central Bank of Nigeria’s Sustainable Banking Principles. However, most have yet to provide comprehensive climate-related metrics, Scope 1 to Scope 3 emissions data, or independent third-party assurance of ESG disclosures.

The distinction matters increasingly to investors. Under IFRS S2, companies are expected to disclose Scope 1, Scope 2, and Scope 3 emissions. Scope 3 emissions capture indirect emissions generated throughout a company’s value chain, including financed emissions, supplier activities, and customer impacts. For banks, financed emissions (Scope 3.7) often represent over 90 percent of their carbon footprint-a critical gap for Zenith Bank, GTCO, UBA, and First Bank. Without such disclosures, investors face difficulties assessing a company’s climate risk exposure and preparedness for a low-carbon future.

Corporate scorecards reveal sector-wide asymmetries

While all major banks have established board-level ESG governance structures and sustainability units, many remain in a phase of commitment and policy development rather than measurable implementation. However, Zenith Bank has expanded financing for renewable energy-focused small and medium-sized enterprises (SMEs). UBA continues to deepen financial inclusion through digital banking initiatives. First Bank has strengthened environmental screening for energy and infrastructure projects, while GTCO has expanded social impact lending programmes.

The manufacturing sector presents a similar picture of leaders and laggards. Unilever Nigeria strengthened its ESG credentials through its 2025 Sustainability Report, released on May 12, 2026. The company disclosed a 29 percent reduction in waste generation and a 5 percent decline in energy consumption compared with the previous year. It also reported onboarding 500 women living with disabilities across Nigeria, comprising 150 beneficiaries in Lagos and 350 in Kano.

Dangote Cement also continues to build momentum on sustainability in its first-quarter disclosures for 2025. The company improved its CDP climate and water ratings to B, expanded alternative fuel usage, strengthened waste heat recovery initiatives, and advanced its decarbonisation roadmap. These efforts build upon previous recognition in sustainability assessments, where the company achieved a 71 percent score in the Africa Corporate Sustainability Report (ADSR) rankings.

Outdated reporting threatens investor confidence

Nestlé Nigeria, in its 2025 sustainability report released on March 13, 2026, disclosed that it strengthened its ESG performance through carbon emission reduction, water conservation, energy efficiency, plastic-neutrality initiatives, and regenerative agriculture. The company also expanded community investments, delivering over 14 million litres of clean water, supporting youth training and scholarships, promoting gender inclusion, and enhancing ESG reporting through independent assurance.

In stark contrast, BUA Foods illustrates the challenges facing ESG laggards. The manufacturer’s latest sustainability report was released in October 2023 and covers 2022 performance, leaving investors with sustainability data that is now almost three years old. While the report highlighted positive achievements, including a 23 percent reduction in water usage intensity to 2.50 cubic metres per tonne and greenhouse gas emissions of 191 kilograms of carbon dioxide per tonne, the disclosures are increasingly viewed as outdated amid rapidly evolving reporting expectations. The absence of recent updates and limited alignment with IFRS S1 and S2 standards raises questions about transparency and comparability.

The construction sector shows a similar trend. Julius Berger Nigeria released its 2024 sustainability report on August 25, 2025. The company reduced total energy consumption by 9 percent, increased revenue by 25.6 percent to N556.7 billion, and invested over N555 million in education, healthcare, infrastructure, and social welfare projects. It maintained an industry-leading lost-time injury frequency rate below 1 for the 14th consecutive year and cut near-miss incidents by 45 percent. The company also sourced 90 percent of its N204.7 billion procurement spend locally, consumed 167,803 tonnes of construction materials under responsible sourcing policies, and strengthened anti-corruption compliance with zero reported incidents.

ESG compliance gaps drag foreign direct investment

The growing ESG divide comes at a critical time for Nigeria’s investment climate. According to the National Bureau of Statistics (NBS), foreign direct investment (FDI) inflows fell sharply to $135.08 million in the first quarter of 2026 from $357.80 million recorded in the previous quarter. This decline aligns with IPMC’s finding that Nigeria’s 32 percent ESG compliance ranks third in Africa, behind Kenya and South South Africa, suggesting sustainability gaps may be deterring long-term FDI. The decline occurred despite Nigeria attracting total capital importation of $10.37 billion during the period, driven primarily by portfolio investments and short-term financial flows.

Industry experts argue that stronger ESG performance could help reverse weakness in long-term investment inflows. IPMC Nigeria Chairman Robert Ade-Odiachi said poor ESG ratings signal governance failures. ‘Our objective is to raise these issues and let everybody see how we can carry out remedial action where we are so low with compliance,’ Ade-Odiachi said. ‘If you are low in the ESG rating, it shows that you are not being properly managed. Your governance is low. And certainly, if your governance is low, your returns on investment and stuff like that would be low as well.’ He added that foreign direct investors place significant emphasis on governance quality and sustainability practices.

Regulatory mandates loom as markets shift past CSR

Teasoo Consulting Limited Founder and Managing Partner Sarah Esangbedo Ajose-Adeogun noted that investors are increasingly integrating ESG metrics into investment decisions. ‘The implication is clear: transparency builds credibility, and credibility attracts capital.’

According to her, companies in sectors such as oil and gas and agriculture are already seeing benefits from stronger ESG disclosures through improved access to partnerships, funding, and export opportunities.

Similarly, ESG and Sustainability Professional Femi David Olawafemi believes companies must move beyond narrative reporting.

‘Investors are paying attention. Capital is increasingly flowing toward companies that can demonstrate resilience, not just responsibility.’ Olawafemi argued that sustainability disclosures should evolve into data-driven assessments that clearly demonstrate how climate and ESG risks affect a company’s financial future.

While the Central Bank of Nigeria’s Sustainable Banking Principles laid the foundation for integrating environmental and social considerations into financial decision-making, industry observers believe the next stage will involve independent assurance and audit of sustainability disclosures, similar to financial statements. This evolution is already influencing capital markets.

‘We want to make sure that NGX is one of the leading exchanges in attracting capital around sustainability,’ Nigerian Exchange Group CEO Temi Popoola said at the exchange’s sustainability forum. In essence, regulators need to mandate standalone ESG filings by 2027 with penalties for delays, while investors must score firms strictly on data recency and independent assurance.