Parallex Bank Named Most Innovative, Regional Bank of the Year


May 23, 2023.

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Azonuchechi Chukwu.

Parallex Bank Limited has been recognised as the Most Innovative Bank of the Year 2022 by Champion Newspapers.

The bank has also been recognised as Regional Bank of the Year 2022 by National Daily Newspaper.

Olufemi Bakre, the managing director of Parallex Bank, expressed his delight in receiving the awards. He acknowledged that the awards are a testament to the bank’s commitment to connecting with Nigerians and delivering top value.

“Parallex Bank will continue to provide Nigerians with a limitless banking experience,” Bakre said.

The awards were presented on May 12, 2022, at Eko Hotel and Suites, and Oriental Hotel respectively in Victoria Island, Lagos.

Nwadiuto Iheakanwa, the group managing director and editor-in-chief of Champion Newspaper stated that the annual meritorious award is given to leaders, companies, and institutions that have made remarkable contributions to expanding Nigeria’s business frontiers and growing the economy.

“Parallex Bank was acknowledged for offering customers limitless banking experience and introducing cutting-edge products and services while maintaining a customer-centric approach for retail and corporate clientele,” Iheakanwa said.

The bank’s digital technology and automation policies were also commended.

Sylvester Ebhodaghe, the chief executive officer and editor-in-chief of National Daily Newspaper said Parallex Bank’s successful transition from a microfinance bank to a full-fledged regional bank in Nigeria, along with its platform that is adaptable with competitive and attractive commissions for agents working on technology and terminals, enabled the company to roll out various unique services in the market.

The National Daily Awards had the presence of former President Olusegun Obasanjo; Julius Adelusi-Adeluyi, inspector general of Police, state governors, and their representatives.

The Champion Awards was chaired by Olusegun Runsewe and had the presence of Donald Duke, former governor of Cross Rivers, and Mohammed Buba Marwa, chairman and chief executive of the National Drug Law Enforcement Agency, among others in attendance.

The awards highlight Parallex Bank’s dedication to innovation and customer satisfaction.(

Chukwu Azochukwu, The Naija247news
Chukwu Azochukwu, The Naija247news
Azonuchechi Chukwu - Business Journalist at Azonuchechi Chukwu is a seasoned business journalist contributing to the insightful coverage of economic and financial news at With a passion for unraveling the complexities of the business world, Azonuchechi brings a wealth of expertise and dedication to his role. As a Business Journalist, Azonuchechi specializes in providing comprehensive analyses of market trends, corporate developments, and economic indicators. His in-depth reports offer readers a nuanced understanding of the forces shaping the Nigerian and global business landscapes. Azonuchechi Chukwu's commitment to journalistic excellence is evident in his ability to translate complex financial information into accessible and engaging narratives. Whether exploring stock market fluctuations, corporate strategies, or economic policies, he strives to deliver content that empowers readers with valuable insights. With an educational background in business and a keen interest in the intersection of finance and technology, Azonuchechi stays at the forefront of industry dynamics. His coverage extends beyond traditional financial reporting, encompassing the dynamic realms of fintech, entrepreneurship, and sustainable business practices. Azonuchechi Chukwu's work goes beyond the surface, aiming to foster financial literacy and awareness among's audience. By demystifying economic complexities and shedding light on emerging opportunities, he plays a pivotal role in keeping readers well-informed in the fast-paced world of business. As's Business Journalist, Azonuchechi Chukwu continues to make meaningful contributions to the platform's mission of delivering timely, accurate, and relevant business news to its diverse audience. His dedication to journalistic integrity and his ability to navigate the intricacies of the business realm make him an invaluable asset to the team.

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