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Tag: Zenith Bank Plc

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Zenith Bank appoints Mustafa Bello to replace Jim Ovia

Zenith Bank Plc has appointed Engr. Mustafa Bello as its new Chairman, following the retirement of its founder and long-serving chairman, Jim Ovia, after the expiration of his tenure. The transition, disclosed in a corporate notice issued in Lagos on May 5, 2026, comes in line with regulatory requirements mandating a 12-year tenure limit for […]

Jim Ovia
Banking featured

BREAKING: Zenith Bank founder Jim Ovia steps down as chairman

Zenith Bank Plc has announced the retirement of its Founder and Group Chairman, Jim Ovia, following the expiration of his tenure in line with regulatory requirements. The bank disclosed this in a corporate notice issued in Lagos on May 5, 2026. Ovia completed the mandatory 12-year tenure permitted under corporate governance guidelines for financial holding […]

Banking

Zenith Bank workforce grows 14% in 2025

Zenith Bank Plc saw its workforce expand by 14 per cent in 2025, with staff numbers rising from 7,704 in 2024 to 8,773. The bank revealed these figures in its audited financial statements for the year ended December 31, 2025. The report also shows that women make up 56 per cent of employees, while men […]

Banking

Zenith Bank posts N1.26tn pre-tax profit in 2025

Zenith Bank Plc has announced its audited results for 2025, posting a pre-tax profit of N1.26 trillion, down 4.78 per cent from the previous year. The slight decline was offset by robust top-line growth, as interest income rose to N3.6 trillion from N2.7 trillion in 2024. Loans and advances remained the main driver, contributing N1.8 […]

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 […]

Zenith bank eyes Kenyan expansion with acquisition deal
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 […]

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