Business

Zenith Bank hits 52-week high as investors bet on strong earnings

DailyTimesNGR DailyTimesNGR 10 February 2025 0

BY TEMITOPE ADEBAYO Zenith Bank Plc surged to a new 52-week high as investors positioned for strong earnings results, driven by its successful capital raise ahead of the Central Bank of Nigeria’s (CBN) recapitalisation deadline. The bank’s share price climbed to N52 on Friday following

Money

Zenith Bank restructures workforce, increases salaries, elevates over 4,000 staff

DailyTimesNGR DailyTimesNGR 24 January 2025 0

BY TEMITOPE ADEBAYO Zenith Bank, one of Nigeria’s leading financial institutions, has embarked on a significant restructuring initiative, introducing a substantial salary increase for lower-level employees and streamlining promotion criteria to reward exceptional performance. The restructuring exercise, which included salary adjustments effective January 2025, marks the

Money

Zenith Bank makes world finance list of 100 top global companies in 2023

DailyTimesNGR DailyTimesNGR 21 December 2023 0

Zenith Bank Plc has been listed in the World Finance 100 2023 released by World Finance Magazine, achieving the feat as the only Nigerian company in the prestigious and exclusive listing. Zenith Bank’s inclusion in this elite list underscores the bank’s outstanding achievements and resilience in a dynamic and competitive global market. The World Finance […]

News

How ex-zenith bank driver masterminded the kidnap of three managers in Delta state

Ihesiulo Grace 10 April 2021 0

By Joy Joseph A former staff of Zenith Bank Plc, Owes Okpala, has been arrested for masterminding the kidnap of three managers of the bank in Delta state, and receiving ransom in foreign currencies valued over N50million. Okpala who was arrested with four other members of his gang, undertook the kidnaps between October 2020 and […]

Business

NSE drops N393bn on renewed profit taking

Ihesiulo Grace 6 January 2021 0

The nation’s bourse recorded its first loss in the year on Tuesday, dropping by N393 billion due to renewed profit taking on blue chips. Specifically, the market capitalisation shed N393 billion or 1.83 per cent to close at N21.122 trillion from N21.515 trillion recorded on Monday. Similarly, the All-Share Index lost 751.25 points or 1.83 […]

Business

Global Banks Ranking: Zenith Bank emerges best Tier-1 bank in Nigeria

Ihesiulo Grace 3 July 2020 0

Zenith Bank Plc has for the second time emerged as the Number One Bank in Nigeria by Tier-1 Capital in the 2020 Top 1000 World Banks Ranking published by The Banker Magazine. Climbing 29 spots from 415 in 2019 to 386 in the 2020 global ranking of banks, Zenith Bank retained its position as the […]

Business

COVID-19 will severely impact Nigerian banks, says Zenith Bank CEO

Ihesiulo Grace 13 May 2020 0

Zenith Bank Group Managing Director and Chief Executive Officer, Mr Ebenezer Onyeagwu, has said that one of the most immediate impacts of the COVID-19 pandemic is the fact that the global oil price crash will have negative implications for banks’ revenue targets in Nigeria and other countries. Speaking to CNBC Africa, Onyeagwu stated that one […]

Business

Zenith Bank, Union Bank debunk proposed acquisition

Ihesiulo Grace 18 March 2020 0

Zenith Bank Plc and Union Bank of Nigeria Plc have denied media report on the proposed merger or acquisition.   A report on Friday had it that   Zenith Bank   had reportedly been given approval to merge or acquire with another listed bank on the Nigerian Stock Exchange (NSE), Union Bank of Nigeria. The report by an […]

Business

Shareholders task Zenith Bank on seamless banking expansion

Ihesiulo Grace 17 March 2020 0

…As investors get 2.80k dividend per share Shareholders of Zenith Bank Plc has urged the lender to embark on seamless banking expansion, even as the bank declared a Profit-After-Tax (PAT) of N178billion, and also paid a dividend of N2.80 kobo to its investors. Speaking during the Zenith Bank’s 29th Annual General Meeting (AGM), in Abuja […]

Business

Zenith Bank remains Nigeria’s most valuable bank with $1.62bn market capitalisation

Ihesiulo Grace 5 March 2020 0

Zenith Bank Plc has again emerged as the Most Valuable Banking Brand in Nigeria with a market capitalisation of $1.62 billion and a brand value $287 million, the recently released Banker Magazine Top 500 Banking Brands 2020 revealed. With this development, the lender for the third consecutive year has been ranked as the number one […]

Business

Zenith Bank promotes women empowerment with Z-Woman

Ihesiulo Grace 12 February 2020 0

Zenith Bank Plc has introduced a new product, Z-Woman, which is focused on empowering female business owners. Z-Woman account holders’ stand a chance to enjoy loans of up to N10 million at a single-digit interest rate, free digital skills training, and free exhibition stands at Zenith Bank events and many other benefits which will help […]

Business

Zenith Bank partners Facebook for SMEs Digital Empowerment

Ihesiulo Grace 28 January 2020 0

Zenith Bank Plc has introduced SME Digital Workshop to provide free digital training to business owners in a measure to improve its supports to local Small and Medium Scale Enterprises (SMEs). The initiative, which is being organized in partnership with social media giant Facebook, will provide free training on how SMEs can use digital platforms […]

News

Alleged Armed robbery: Court grants order to subpoena Zenith bank

Ihesiulo Grace 17 October 2019 0

Abuja – An FCT High Court sitting in Nyanya on Thursday ordered Zenith bank plc to tender before it account details of one Obinna Echianu being tried for alleged armed robbery and culpable homicide. Justice Peter Kekemeke gave the order after Echianu ‘s counsel, Mr Chuma Chukwudi, brought an application asking it to subpoena the […]

Business Economy

Equities market begins trading low as indices down 0.74%

Ihesiulo Grace 17 September 2019 0

Temitope Adebayo The Nigerian equities market of the Nigerian Stock Exchange (NSE) resumed trading week on Monday with a loss of 0.74 per cent, following losses achieved by medium and large equities. Specifically, the All Share Index (ASI) shed 204.68 points or 0.74 per cent to close at 27,574.32 against 27,779.000 achieved on Friday. Similarly, […]

Business Features

HI 2019: How income diversification, NII growth lifted Zenith Bank profitability

Ihesiulo Grace 5 September 2019 0

As commercial banks strive to remain profitable in a challenging operating environment like Nigeria, MOTOLANI OSENI looks into factors that lifted Zenith Bank Plc profitability growth in the half-year (H1) ended June 30, 2019. The financial institution in its H1 ended June 30, 2019, audited result and accounts reported strong bottom-line profitability, driven by growth

Banking Business Capital Market Capital Market

NSE records N19bn gain on first trading day in September

Ihesiulo Grace 3 September 2019 0

Motolani Oseni The equities market segment of the Nigerian Stock Exchange (NSE) commenced trading in September on positive note with a marginal growth of 0.14 per cent, which translated to investors’ gain of N19 billion. Specifically, the All Share Index (ASI) rose by 39.28 points or 0.14 per cent to 27,565.09 points. Accordingly, investors gained […]

Business Capital Market Capital Market News

Equities market lose N89bn over profit-taking

Ihesiulo Grace 30 August 2019 0

Temitope Adebayo The Nigerian Stock Exchange equities market segment on Thursday reverted the gains in the previous trading session, following the All-Share Index (ASI) declined by 0.66 per cent on losses in Dangote Cement, MTN Nigeria, 12 other stocks. The All Share Index fell by 181.45 basis points or 0.66 per cent to 27,425.57 basis […]

News Politics

Court unfreezes Nwaoboshi’s 11 houses, 22 bank accounts

Ihesiulo Grace 27 August 2019 0

Andrew Orolua – Abuja The Federal High Court in Abuja on Monday set aside its earlier order of forfeiture of 11 houses and 22 bank accounts linked to Senator Peter Nwaoboshi. Justice Taiwo Taiwo vacated the interim forfeiture order made on July 2 while delivering judgment on the application filed by Sen. Nwaoboshi challenging the […]

Business Capital Market Capital Market

NSE –ASI drops by 0.11% over investors sustained sell-offs

Ihesiulo Grace 16 August 2019 0

Motolani Oseni The equities market closed on Thursday trading session on a negative note, as the Nigerian Stock Exchange, All-Share Index (NSE-ASI) slumped by 0.11 per cent on persistent sell-offs. The NSE-ASI fell by 30.18 basis points or 0.11 per cent to 27,052.93 basis points from 27,083.11basis points Accordingly, investors lost N15 billion in value […]

Banking Business Money Money

CBN limits top 4 commercial banks deposits to boost lending- Analysts

Ihesiulo Grace 12 July 2019 0

Motolani Oseni As part of efforts to reduce access to its Standing Deposit Facility (SDF), a group of analysts at ARM research have said the Central Bank of Nigeria (CBN) is limiting the top four Tier 1 commercial banks access to its facility. The apex bank had issued a circular, stressing that, “remunerable daily placements […]