Zenith Bank PLC

Zenith Bank Plc has expanded its global footprints with the recent commissioning of Zenith Bank (UK), Paris Branch. The official commissioning, which took place on Wednesday, November 27, 2024 at 21 Rue de la paix, Paris, France was…

Zenith Bank Plc rolled in a pre-tax profit of over N1 trillion at the end of the third quarter despite experiencing a slowdown in earnings from the high marks of the second quarter. Gross earnings dropped from N1.32 trillion in the second…

Zenith Bank Plc has announced a Profit after tax of N827 billion in nine months, growing by 91 per cent from N434.2 billion in the same period of last year. The profit growth contained in its unaudited results for the third quarter ended…

Five of Nigeria’s largest banks have successfully issued fresh capital to meet tough new regulatory requirements, the head of the Securities and Exchange Commission said, comfortably beating a 2026 deadline. Lenders including Guaranty…

Dangote Cement Plc, Airtel Africa Plc, MTN Nigeria Communication Plc, BUA Foods Plc, BUA Cement Plc and six other blue-chip companies contributed about N43.35 trillion or 76.5 per cent to push the overall market capitalisation to N56.64…

Zenith Bank Plc has earned as much gross income in the six months of its 2024 operations as it did in the 12 months of trading in 2023 with a top line of N2.1 trillion. Profit however failed to keep the same pace at N578 billion at half…

Zenith Bank Plc and two other Tier-1 banks have started raising N424.51 billion in fresh capital from the Nigerian capital market to drive lending to corporate, Small and Medium Enterprise (SME) and retail banking sectors. Access Holdings…

The amendment to the Finance Act 2023, and the imposition of a one-time windfall tax on banks’ foreign exchange gains realised in their 2023 financial statements has impacted the value of eight Nigerian banks, causing a depreciation of N198…

Zenith Bank Plc has finalised a plan to raise N290 billion via a Rights Issue and a Public Offer to meet the revised minimum capital requirements for Nigerian commercial banks introduced by the Central Bank of Nigeria (CBN). For the Rights…

Attaining 49.10 per cent Cost-to-Income Ratio (CIR) in 2023 financial year, FBN Holdings Plc ranks highest among Tier-1 banks in Nigeria amid increasing operational expenses. The bank in the 2022 financial year declared 61.70 per cent…