Zenith Bank – Page 2 of 5 – Prime Business Africa

Mixed Reactions Trail Nigeria’s Supreme Court Judgment On LG Autonomy

UBA, Stanbic IBTC, Zenith Bank Risk Losing N1.89 trillion To Lawsuits

United Bank for Africa (UBA) and Stanbic IBTC are facing various lawsuits that could result in significant revenue losses for the financial institutions. As of 2022, about 411 cases have been filed

Fakoyejo Olalekan

2 years ago

Business

Naira Scarcity: Zenith Bank’s Profit Drops to N223.91bn, Faces N967bn Lawsuits

Zenith Bank has released its financial statement for the period ended December 31, 2022, disclosing the firm’s net profit depreciated by -8.44 per cent. The lender reported that its profit after tax

Fakoyejo Olalekan

2 years ago

Business·Markets

Nigerian Stock Investors Lose N621.99 billion In One Day

Nigerian Exchange Limited, the capital market authority, revealed that the equity capitalisation of the stock market lost N621.99 billion on Monday. It closed at N29.28 trillion market capitalisation, which is -2.08 per

Fakoyejo Olalekan

2 years ago

NGX: Market Sees Bearish Turn In 2024 As ASI Plunges By 1.4%

Business·Markets

Nigerian Stock Market Cap Drops N3.34 billion

Nigerian bourse depreciated by N3.34 billion after the trading session on Monday, 13 March 2023, to close at N30.391 trillion from N30.394 trillion. This was after the All-Share Index depreciated by -0.01

Fakoyejo Olalekan

2 years ago

Bulls Charge Ahead As NGX Shatters Records As Market Cap Surpasses N50trn

Business·Markets

Stock Market Cap Falls, Transcorp, Zenith Bank Make Top Trade List

About N6.96 billion was wiped off the Nigerian stock exchange on Tuesday, 7 March 2023, as the bourse’s capitalisation closed at N30.28 trillion. The market capitalisation depreciated by 0.02 per cent when compared

Fakoyejo Olalekan

2 years ago

Business

Jim Ovia Gets New Position As Zenith Bank Restructures Into HoldCo

Zenith Bank has revealed that it is restructuring into a Holding Company (HoldCo) after receiving Approval-in-principle from the Central Bank of Nigeria (CBN). In a statement sent to the Nigerian Exchange Limited

Fakoyejo Olalekan

2 years ago

CBN’s New Directive Forces Adaora Umeoji Out Of Zenith Bank

Business

Zenith Bank’s DMD, Adaora Umeoji, Quits On CBN’s New Directive

The Deputy Managing Director (DMD) of Zenith Bank, Adaora Umeoji, has quit her role in the financial institution due to the new tenure announced by the Central Bank of Nigeria (CBN) for

Fakoyejo Olalekan

2 years ago

Bank Investors Earn N248.68 billion Amid Naira Scarcity Caused By CBN’s Policy

Business·Insights

Top 5 Revenue-generating Nigerian Banks – Access, Zenith, UBA, FBN’s Market Share

The top five revenue-generating banks in the financial industry reported a combined N2.23 trillion turnover within the first nine months of 2022. According to the 2022 Nine-Month period financial statements of the

Fakoyejo Olalekan

2 years ago

Business·Markets

Investors Ignore Election Tension, Trade N2.50 billion Stocks

Nigerian stock market closed with N164.96 billion gain on Friday, 24 February 2023, indicating high confidence in the bourse despite the presidential election tensions in the country. The gain translates to a

Fakoyejo Olalekan

2 years ago

Business·Markets

Equity Investors Make N90 billion, As Stock Market Closes High

Nigerian stock exchange closed with N90 billion gain on Monday, 6 February 2023, as the market capitalisation increased from N29.52 trillion to N29.61 trillion. The All-Share Index gained 154.65 basis points on Monday to rise

Fakoyejo Olalekan

2 years ago

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Zenith Bank - Page 2

UBA, Stanbic IBTC, Zenith Bank Risk Losing N1.89 trillion To Lawsuits

Naira Scarcity: Zenith Bank’s Profit Drops to N223.91bn, Faces N967bn Lawsuits

Nigerian Stock Investors Lose N621.99 billion In One Day

Nigerian Stock Market Cap Drops N3.34 billion

Stock Market Cap Falls, Transcorp, Zenith Bank Make Top Trade List

Jim Ovia Gets New Position As Zenith Bank Restructures Into HoldCo

Zenith Bank’s DMD, Adaora Umeoji, Quits On CBN’s New Directive

Top 5 Revenue-generating Nigerian Banks – Access, Zenith, UBA, FBN’s Market Share

Investors Ignore Election Tension, Trade N2.50 billion Stocks

Equity Investors Make N90 billion, As Stock Market Closes High

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