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ZENITH BANK PLC
Zenith Bank Plc has announced a Hybrid Rights Issue and offer for subscription, aiming to raise about N290 billion.
Zenith Bank Plc is set to raise N290 billion through a combination of a Rights Issue and a Public Offer in compliance with the revised minimum capital requirements for Nigerian commercial banks introduced by the Central Bank of Nigeria (CBN).
Nigeria's leading commercial banks recorded significant FX revaluation gains, estimated at a combined total of N3.37 trillion in 2023 and Q1 2024, primarily due to the devaluation of the Naira last year.
This ranking places Zenith Bank Plc as the 565th Bank globally with a Tier-1 Capital of $2.01 billion.
Zenith Bank Plc, Nigeria’s leading financial institution, held its Capital Markets Day last week to showcase the bank’s inherent values as it embarks on its recapitalisation journey.
Femi Otedola has filed a notice of discontinuance in his case against Zenith Bank
A compliance officer from Zenith Bank Plc, Mishelia Arhyel, told the Federal Capital Territory High Court Abuja on Tuesday that former Minister of Aviation, Hadi Sirika's daughter, Fatima, and son-in-law, Jalal Hamma, owned Al-Buraq Global Investment Ltd, a company the Economic and Financial Crimes Commission (EFCC) indicted in an aviation fraud suit.
Zenith Bank Plc has been named the “Most Sustainable Bank, Nigeria” in the International Banker 2024 Banking Awards, retaining the title for the second consecutive year.
Nigerian banks recorded an impressive performance in 2023, driven by policy shifts including increased interest rates to combat inflation and Naira devaluation, which led to foreign exchange gains and substantial growth in interest income.
Again, the Group Managing Director/Chief Executive Officer of Zenith Bank Plc, Dr. Ebenezer Onyeagwu, has been named the ‘Best Banking CEO of the Year in Africa’ at the International Banker 2024 Banking Awards.
In 2023, Zenith Bank Plc onboarded about 4.08 million new customers, as the group’s total number of customers hit 33.07 million, from 28.99 million as of 2022’s end, marking a 14% growth.
The Board of Directors of Zenith Bank Plc has announced the appointments of Mr. Adamu Saliu Lawani and Mr. Louis Odom as Executive Directors ofthe Bank.