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Tag: Zenith bank

Zenith Bank raises staff salary by 20%
News

Zenith Bank raises staff salary by 20%

Zenith Bank has announced a 20% salary increase for its nearly 10,000 employees, effective January 2025. This move comes as part of a growing trend among Nigerian banks to raise wages in order to retain top talent amid the country’s ongoing inflationary pressures. The raise follows similar actions by GTCO, Union Bank, First Bank, and […]

News

Zenith Bank extends public offer, rights issue deadline

Zenith Bank Plc has extended the deadline for its ongoing Rights Issue and Public Offer by two weeks, moving the closing date from September 9, 2024, to September 23, 2024. The extension follows disruptions caused by nationwide protests that began on the offer’s launch date, which have affected business operations and investor mobility across the […]

News

Zenith Bank records N2.1tn half-year gross earnings

Zenith Bank Plc has reported a substantial 117% increase in gross earnings, rising from N967.3 billion in H1 2023 to N2.1 trillion in H1 2024. This growth is attributed to significant gains in both interest and non-interest income. In its half-year financial results filed with the Nigerian Exchange Limited, Zenith Bank recorded a 108% year-on-year […]

Banking News

Zenith Bank named best commercial bank in 2024

Zenith Bank Plc has been named the Best Commercial Bank, Nigeria in the World Finance Banking Awards 2024, holding the title for the fourth consecutive year. The bank was also voted Best Corporate Governance, Nigeria, for the third year in a row at the World Finance Corporate Governance Awards 2024. The awards, which appeared in […]

Banking

Zenith Bank wins Nigeria’s best bank award

Zenith Bank Plc has emerged as the Best Bank in Nigeria in the Global Finance Best Banks Awards 2024 for the fourth time. This was contained in a statement from the bank on Monday which revealed that the bank had been winning the award since 2019. As Global Finance announced its 31st Annual Best Bank […]

Banking

UBA, Stanbic, two other banks fail to file 2023 results

Four banks have disclosed that they will delay the filing of their audited results for 2023. The United Bank for Africa, Zenith Bank, Stanbic IBTC, and Wema Bank had announced that they would not meet the deadline for the filing of their audited results for the last financial year. The listed companies are expected to […]

Zenith bank appoints Adaora Umeoji as CEO
News

Zenith bank appoints Adaora Umeoji as CEO

One of Nigeria’s leading financial institutions, Zenith Bank, is poised to unveil Dame (Dr.) Adaora Umeoji is its incoming Group Managing Director/Chief Executive Officer (GMD/CEO). She will succeed Dr. Ebenezer Onyeagwu, whose five-year tenure as GMD/CEO has come to an end. her appointment aligns with Zenith Bank’s established succession plan, Nairametrics reported. The bank has […]

Global efforts intensify to address submarine cable ruptures
Banking

Banks suggest alternatives amid internet banking outage

As mobile applications and internet banking services continue to be unavailable for the second day in a row, some commercial banks affected by the undersea cable damage are now advising their customers to use alternative channels. First City Monument Bank particularly, in a message to its customers on Friday, urged them to use its ATMs […]

Gabriel Ukpeh retires as Zenith Bank's non-executive director
News

Gabriel Ukpeh retires as Zenith Bank’s non-executive director

Melvin Onwubuke   The Board of Zenith Bank Plc has announced the retirement of Mr. Gabriel Ukpeh as an Independent Non-Executive Director from the company. This was contained in the bank’s notice to the Nigerian Exchange Limited (NGX) and the investing public. The retirement took effect on 8 March 2024, as stated in the statement […]

Zenith Bank ranks among top 100 global corporation
Banking

Zenith Bank ranks among top 100 global corporation

Zenith Bank Plc has been named one of the World’s top 100 companies by World Finance Magazine. The PUNCH reported that the bank was the sole Nigerian firm on the exclusive list. Zenith Bank’s presence on the list, according to World Finance Magazine, “highlights its outstanding achievements and resilience in a dynamic and competitive global market.” […]

Zenith Bank director purchases 1.7m shares
News

Zenith Bank director purchases 1.7m shares

Bisola David An executive director of Zenith Bank Plc, Dr Temitope Fasoranti, has acquired more than 1.7 million shares in the lender. The Punch reported that this was disclosed in a corporate notice filed with the Nigerian Exchange Limited on Thursday and signed by the company secretary and general counsel of Zenith Bank, Michael Otu. […]

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

Zenith Bank to open branch in France

Nigerian Zenith Bank will open a location in France in the upcoming months, according to CEO Ebenezer Onyeagwu. According to Onyeagwu, the bank and the French government have inked a Memorandum of Understanding to begin the process of issuing a banking license, which will allow the bank to begin operations in France. The CEO did […]

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