..Assures shareholders of improved dividend payment BY TEMITPE ADEBAYO Zenith Bank Plc has said part of its ongoing N290 billion hybrid offers will be used for the growth and expansion of its global operation. The Bank is raising N290 billion through a combination of a rights issue and a public offer. The rights issue offers […]
By Motolani Oseni Zenith General Insurance Limited has paid N5 billion claims to policyholders who suffered insured risks in the 2023 financial year-end. The managing director and chief executive officer of the firm, Mr Jude Modilim, made the disclosure when the executive members of the Nigerian Association of Insurance and Pension Editors (NAIPE) paid a […]
As the 8 DMBs post N845.739bn PAT By Motolani Oseni Zenith Bank’s Profit After Tax dipped by 8.4% as shown by its 2022 financial year end results, which also indicated that the bank’s impairment provisions rose 106% between 2021 and 2022. In spite of the upheaval witnessed globally in the year 2022, which also came […]
By Chukwuemeke Iwelumo Zenith Bank Plc has announced its unaudited results for the third quarter that ended September 30, 2022, improving its Profit After Tax (PAT) By nine per cent, from N160.6 billion to N174.3 billion in the same period. The bank’s unaudited account presented to the Nigerian Exchange Limited (NGX), also, showed a remarkable […]
Zenith Bank Plc, has emerged as the Best Bank in Nigeria in the recently released Global Finance Magazine World’s Best Banks Awards 2020. The awards, which was published in the May 2020 edition of the Global Finance Magazine, was based on the performances of the banks in their respective regions and countries over the period […]
Chief Bode George, former National Deputy Chairman, People’s Democratic Party of Nigeria (PDP), was recently reported in the media to have criticised Nigeria domiciled companies who place adverts on CNN and other international media. In this interview with the Brand Times anchor, Mike Bamigbola, the chief executive, STB-McCann Lagos, Paul Ugoagwu, who created the famous “chikini […]
The Federal Government through its revenue agencies generated not less than N131billion as tax income from six commercial banks operating in the country in 2017, findings by The Daily Times has revealed. The six commercial banks in 2016 paid government agencies N124 billion, as government at both the federal and state level continued brace up […]
The Nigerian equities market on Tuesday gained 0.04 per cent, ostensibly closing flat at 43,073.45. The trend follows the gains in the Industrial and oil & gas names. A total of 407,961,780.00 million shares worth N6, 118,854,000.87 billion was transacted investors in 5,247.00 deals, as the market capitalization closed at N15, 408,803,226,873.60 trillion. BOND capitalsation […]
An international research firm, SBG Securities (Pty) Limited of South Africa has said about nine commercial banks would be able to pay dividends this year, despite the new policy adjustment issued by the Central Bank of Nigeria (CBN) recently. The banks are Zenith Bank Plc, Guaranty Trust Bank Plc (GTBank), United Bank for Africa Plc […]