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ZENITH BANK NEWS
News and analysis about Zenith bank
The Nigerian bourse closed on Tuesday positive as the All Share Index inched by +0.19 % to close at 21,741.16 points.
Zenith Bank Plc has donated N100 million to the Emergency Relief Fund set up by the Lagos State Government for the victims of the Abulo-Edo explosion.
Zenith Bank Plc and Dangote Cement have both donated towards the Lagos relief fund for victims of the Abule-Ado gas explosion.
Bearish sentiments persisted in Nigeria's bourse on Tuesday as the Nigerian All-Share Index and market capitalization declined further
The Nigerian bourse fell slightly to open the week, as the Nigerian All Share Index/Market Capitalization declined by 0.12%.
The banking sector may experience another wave of consolidation as there have been rumours that some Tier 1 banks may be acquiring smaller banks.
Data from four of the Tier 1 banks in Nigeria revealed that PwC and KPMG earned N3.17 billion as audit fees for the year ended December 2019.
The Nigerian equity market, indicators of the Nigerian Stock Exchange, on Friday gained by 0.17%, after four days of consecutive sell pressure.
The sell-offs in the Nigerian bourse persisted on Thursday, as the All-Share index fell by -3.72% to close at 22,695.88.
The stocks performances revealed that all banking stocks recorded a dip in their stock prices.
Investors are advised to take advantage of the present low prices of banking stocks based on their 2019 financial results, and the dividend yield some of the tier-1 banks have declared.
The outbreak of Coronavirus (COVID-19) around the world continues to weigh heavily on investors as it dealt an unexpected shock to the economy.