Zenith Bank – Page 4 of 7 – Prime Business Africa

Naira Scarcity: Zenith Bank’s Profit Drops to N223.91bn, Faces N967bn Lawsuits

Zenith Bank has released its financial statement for the period ended December 31, 2022, disclosing the firm’s net profit depreciated by -8.44 per cent. The lender reported that its profit after tax declined to N223.91 billion in 2022, which is N20.64 billion

March 29, 2023

Business·Markets

Nigerian Stock Investors Lose N621.99 billion In One Day

Nigerian Exchange Limited, the capital market authority, revealed that the equity capitalisation of the stock market lost N621.99 billion on Monday. It closed at N29.28 trillion market capitalisation, which is -2.08 per cent above last week Friday’s N29.90 trillion. The All-Share Index

March 27, 2023

How Loss Of Over $5 Trillion In U.S. Stock Exchange Affects Nigeria

Business·Markets

Nigerian Stock Market Cap Drops N3.34 billion

Nigerian bourse depreciated by N3.34 billion after the trading session on Monday, 13 March 2023, to close at N30.391 trillion from N30.394 trillion. This was after the All-Share Index depreciated by -0.01 per cent or 6.14 basis points, as the ASI settled

March 13, 2023

Bulls Charge Ahead As NGX Shatters Records As Market Cap Surpasses N50trn

Business·Markets

Stock Market Cap Falls, Transcorp, Zenith Bank Make Top Trade List

About N6.96 billion was wiped off the Nigerian stock exchange on Tuesday, 7 March 2023, as the bourse’s capitalisation closed at N30.28 trillion. The market capitalisation depreciated by 0.02 per cent when compared to the N30.29 trillion it settled at a day before.

March 7, 2023

Business

Jim Ovia Gets New Position As Zenith Bank Restructures Into HoldCo

Zenith Bank has revealed that it is restructuring into a Holding Company (HoldCo) after receiving Approval-in-principle from the Central Bank of Nigeria (CBN). In a statement sent to the Nigerian Exchange Limited (NGX) on Friday, 3rd March 2023, Zenith Bank said it

March 3, 2023

CBN’s New Directive Forces Adaora Umeoji Out Of Zenith Bank

Business

Zenith Bank’s DMD, Adaora Umeoji, Quits On CBN’s New Directive

The Deputy Managing Director (DMD) of Zenith Bank, Adaora Umeoji, has quit her role in the financial institution due to the new tenure announced by the Central Bank of Nigeria (CBN) for bank leadership. Recall that the central bank created a new

March 3, 2023

Bank Investors Earn N248.68 billion Amid Naira Scarcity Caused By CBN’s Policy

Business·Insights

Top 5 Revenue-generating Nigerian Banks – Access, Zenith, UBA, FBN’s Market Share

The top five revenue-generating banks in the financial industry reported a combined N2.23 trillion turnover within the first nine months of 2022. According to the 2022 Nine-Month period financial statements of the firms analysed by Prime Business Africa, it was gathered that

February 27, 2023

Business·Markets

Investors Ignore Election Tension, Trade N2.50 billion Stocks

Nigerian stock market closed with N164.96 billion gain on Friday, 24 February 2023, indicating high confidence in the bourse despite the presidential election tensions in the country. The gain translates to a 0.55 per cent increase in the equity market capitalisation, having

February 24, 2023

Business·Markets

Equity Investors Make N90 billion, As Stock Market Closes High

Nigerian stock exchange closed with N90 billion gain on Monday, 6 February 2023, as the market capitalisation increased from N29.52 trillion to N29.61 trillion. The All-Share Index gained 154.65 basis points on Monday to rise from 54,213.09 ASI to 54,367.74 ASI. Investors traded N4.79 billion for

February 6, 2023

Business

CBN Sets Limit For GTBank, Zenith Bank, Others On New Naira Withdrawal

The Central Bank of Nigeria (CBN) has instructed Guaranty Trust Bank (GTBank), Zenith Bank, and other commercial banks to start distributing the redesigned Naira notes over the counter. Recall that the central bank had halted the withdrawal of the new Naira notes

February 2, 2023

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Zenith Bank - Page 4

Naira Scarcity: Zenith Bank’s Profit Drops to N223.91bn, Faces N967bn Lawsuits

Nigerian Stock Investors Lose N621.99 billion In One Day

Nigerian Stock Market Cap Drops N3.34 billion

Stock Market Cap Falls, Transcorp, Zenith Bank Make Top Trade List

Jim Ovia Gets New Position As Zenith Bank Restructures Into HoldCo

Zenith Bank’s DMD, Adaora Umeoji, Quits On CBN’s New Directive

Top 5 Revenue-generating Nigerian Banks – Access, Zenith, UBA, FBN’s Market Share

Investors Ignore Election Tension, Trade N2.50 billion Stocks

Equity Investors Make N90 billion, As Stock Market Closes High

CBN Sets Limit For GTBank, Zenith Bank, Others On New Naira Withdrawal

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Zenith Bank - Page 4

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