Zenith Bank Appoints Jim Ovia as Board Chairman
Pioneer Managing Director of Zenith Bank Plc, Mr Jim Ovia, on Tuesday, made a return to the bank as he was appointed board chairman and non- executive director of Zenith Bank following approval by the Central Bank of Nigeria. The statement by the bank’s group Managing Director, Mr. Peter Amangbo, states that Ovia takes over […]
Zenith Bank’s US$500M Euro Bond Massively Over-Subscribed
Zenith Bank Plc has announced a massive over-subscription of 200% in her US$500m Euro bond issue under a US$1bn Global Medium Term Note (GMTN) Programme announced on 1 April 2014. According to a press release issued this afternoon, the bank’s week long investors’ roadshow, coordinated by Goldman Sachs and Citibank, received an overwhelming endorsement by […]
Zenith Bank Announces Peter Amangbo GMD/CEO Designate
With Mr. Godwin Emefiele’s appointment as the Governor of the Central Bank of Nigeria, the board of directors at Zenith Bank Plc has approved the appointment of Mr. peter Amangbo as the new Managing Director/CEO-designate which is to take effect starting June 1, 2014. In a statement, Zenith Bank said that the appointment of Amangbo […]
Nigerian Banks Are Best Buys in Sub-Saharan Africa – Exotix
Exotix Limited, a United States registered broker and member of FINRA and SIPC has endorsed Zenith Bank Plc, Access Bank Plc and United Bank for Africa Plc among the top five Nigerian lenders worthy of investment. Exotix noted that the said banks are good buys due to their valuation and growth potential. Kato Mukuru, an analyst at Exotix […]
Zenith Bank Posts N95.32 billion Profit; Declares N1.75 Dividend
Zenith Bank Plc. has posted a profit after tax (PAT) of N95.32 billion for the financial year ended December 31, 2013. The report is contained in the company’s audited result released by the Nigerian Stock Exchange (NSE) which is against the N100.68 billion posted in 2012. The profit represented a marginal decrease of 5.32 percent […]
First Bank, GTBank and Zenith Named Among World’s Most Valuable 500 Banks
Three Nigerian commercial banks – First Bank Plc, Guaranty Trust Bank Plc, and Zenith Bank Plc – have been named among the World’s 500 Most Valuable Bank Brands in 2014 global rankings. The listing was done by Brand Finance Plc’s The Banker/Brand Finance Banking 500 annual study, which is the World’s leading Brand Valuation Consultancy. […]
Zenith Bank nets N54 Billion first half profit in 2013
Zenith Bank Plc announced a profit before tax (PBT) of N54 billion naira on Thursday, August 15 for the half year ending June 30, 2013. This was up from the N50.2 billion made in the same period last year. Zenith Bank’s profit after tax also appreciated from N42.41 billion in 2012 to N45.419 billion in […]
Jumia 1st Anniversary E-Commerce Conference and Fashion Cocktail
JUMIA, Nigeria’s number one shopping destination, has announced its 1st anniversary conference on growing e-commerce and its contribution to the nation’s economy. This event will be attended by federal ministers, CEO’s, suppliers, customers, media, and various fashion and lifestyle celebrities. It will hold on Friday, July 12th 2013 in Lagos. The keynote speech; E-Commerce and […]
Marriott Hotel comes to Nigeria led by Jim Ovia
Marriott hotel gets set to start business in Lagos, Jim Ovia, Owner of Visaphone, a leading Nigerian CDMA company and former Managing Director of Zenith Bank Plc, concluded plans to bring the prestigious hotel to Nigeria, Lagos to be precise. He said, “We identified a gap in the marketplace within the hospitality industry […]
Forbes: Aliko Dangote is Africa’s Richest with $12 billion
Nigerian industralist, Aliko Dangote has topped Forbes Africa’s 40 richest list for the second year, with a net worth of $12billion, up from $10.1 billion, in November 2011. According to Forbes, most of his net worth lies in Dangote Cement PLC, a company which operates in 14 African countries. Aliko Dangote, GCON, born April 10, […]
London Stock Exchange: Looking to list more Nigerian companies
London Stock Exchange, one of the biggest trading market in the world, has signaled its interest to list more Nigerian companies, after GTBank, Diamond Bank, Eland Oil and two others — currently listed. Zenith Bank is expected to be listed in a few days, and Dangote Cement next year. It gives Nigerian companies an opportunity […]
Etisalat Launches Mobile Wallet: Easy Wallet
Etisalat recently launched a mobile commerce solution for its customers in Nigeria. The Easy Wallet is a fully functional wallet that offers a wide range of mobile banking and payment solutions to Etisalat customers. With the easy wallet, you can: Pay for goods and services Pay DSTV bills Transfer money between bank accounts Withdraw money […]