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Tag: Zenith Bank Plc

News

Zenith Bank completes IT migration, promises improved service delivery

Zenith Bank Plc has announced the successful completion of its IT migration, positioning itself with a robust technology infrastructure in the banking industry. This was disclosed by the Group Managing Director/CEO of Zenith Bank, Dr. Adaora Umeoji shared in a message to the bank’s customers on Wednesday. The bank began the migration process in early […]

News

Zenith Bank launches N290bn capital raise

Zenith Bank plans to generate N290 billion in new capital through rights issues and a public offering to support its expansion initiatives. The bank would issue 5.23 billion shares at N36 each to current shareholders and 2.77 billion shares at N36.50 each to the public. This was disclosed by the Group Managing Director/Chief Executive Officer […]

Banking News

Zenith Bank to acquire N290bn fresh capital 

Zenith Bank Plc has finalised its intentions to raise around N290 billion in new capital, which is more than the N230 billion required to satisfy the Central Bank of Nigeria’s recent recapitalization mandate. The capital raise was disclosed at the bank’s rights issue/public offer signing ceremony on Monday in Lagos, according to a statement released […]

Directors purchase N841m worth of shares in Zenith Bank
Banking

Directors purchase N841m worth of shares in Zenith Bank

In December, two Zenith Bank Plc directors and the Zenith Staff Provident Fund purchased about N841 million in Zenith Bank Plc shares. The PUNCH reported that the Nigerian Exchange Limited received corporate warnings on insider trading that indicate the staff fund purchased around 16 million bank shares in many transactions between Monday and Wednesday. The shares […]

Zenith Bank, CFA Institute partner on capacity building
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Zenith Bank, CFA Institute partner on capacity building

Zenith Bank Plc and the Chartered Financial Analyst Institute have signed a Memorandum of Understanding to advance the development of human resources in finance and investment for the general advancement of the financial services industry in Nigeria. The Punch reported that the MoU was signed at this week’s CFA Institute Africa Investment Conference by the Group Managing […]

Zenith Tech Fair finalists receive N59m
Banking News

Zenith Tech Fair finalists receive N59m

The Second Edition of the Zenith Tech Fair’s hackathon, with the subject “Future Forward 3.0,” has declared its winners. The Punch revealed that the winners of the competition, which took place on Wednesday and Thursday, November 23–24, 2023, at the Eko Convention Centre, Eko Hotels & Suites, Victoria Island, Lagos, took home a total of N59 million […]

Zenith Bank ranks among top 100 global corporation
Business

Zenith Bank’s Q3 profit hits N505bn

The topline metrics of Zenith Bank Plc saw a three-digit increase for the third quarter that ended in September 2023, thanks to both interest and non-interest income. The PUNCH reported that the lender’s unaudited third-quarter financial statements, which were submitted to the Nigerian Exchange Limited, disclosed this. The financial group’s Q3 statistics show that Zenith Bank’s earnings […]

Zenith Bank ranks among top 100 global corporation
Banking

Zenith Bank increases revenue by 139% to N967bn in H1

Zenith Bank’s gross earnings increased by 139% in the first half of the year, from N404.8 billion to N967.3 billion, thanks to higher interest revenue and gains from currency revaluation. The Punch reported that the banking group’s H1 2023 report, which was submitted on Monday to the Nigerian Exchange Limited, shows that at the end of […]

Zenith Bank reports N1.03trn profit in 2024 financial results
News

Zenith Bank declares N15.70bn interim dividend

Zenith Bank Plc declared an interim dividend of N15.70 billion, or N0.50 per share, to be distributed to shareholders for the six-month period that ended in June 2023. This information was provided to the Nigerian Exchange Limited in the company’s corporate action notification. The company’s board of directors recommended paying an interim dividend of N0.50 […]

Zenith Bank names Dr. Juliet Ehimuan Non-Executive Director
Banking

Zenith Bank names Dr. Juliet Ehimuan Non-Executive Director

Zenith Bank Plc’s Board of Directors has announced the appointment of Dr. Juliet Ehimuan as Non-Executive Director of the bank. The Times reported that this was revealed in a corporate lawsuit filed with the Nigerian Exchange. An excerpt from the official statement signed by Company Secretary Michael Osilama Otu stated: “Zenith Bank Plc’s Board of […]