Tag Archives: Zenith Bank

Nigerian Stock Exchange closed trading on a positive note Friday as all share index rose 1.66%. Market capitalization at the close of trading was N12,725,510,339,197.47. After trading today, All Share Index was 36,920.56 up 1.66%. Market capitalization closed at N12.7 trillion and volume of shares traded was 236,619,367.00 units in 3,803.00 deals. A value of N4,807,693,729.28 Stocks were traded on the floor. …

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Zenith Bank has made a provision on 30 percent of its loan to 9mobile, the country’s fourth largest telecoms group formerly known as Etisalat Nigeria, the bank’s chief executive said on Monday. “We have taken about 30 percent … as a provision which we believe is very prudent as the company is undergoing restructuring … to prepare for a new …

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Despite the challenging business climate, the board of directors of Zenith Bank Plc has put smiles on the faces of their shareholders, as they declared an interim dividend of 25 kobo for the second quarter ended June 30, 2017. Details of the interim dividend which is subject to appropriate withholding tax shows that it will be paid to shareholders whose …

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Six banks in Nigeria have been ranked among the Banker Magazine’s top 25 banks in Africa in its 2017 1, 000 global banks’ ranking. The banks are Zenith Bank, First Bank Nigeria Limited, Guaranty Trust Bank, Access Bank, United Bank for Africa and Diamond Bank. According to the ranking, Zenith Bank was placed first in Nigeria, 10th in Africa and …

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Zenith Bank Plc has raised $2.1 billion through Eurobond 2022 issue. It was more than 300 per cent oversubscribed. The $500 million five-year senior unsecured benchmark bond (144A/REGS) was issued by the Tier-1 lender on the Irish Stock Exchange. The bank’s Eurobond issue recorded success on three counts: pricing, subscription level and global appeal. Details of the issue show that …

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Zenith Bank Plc has notified investors of the $500 million second tranche Global Medium Term Note Programme. The lender had earlier in 2014, established $1 billion Global Medium Term Note Programme and subsequently raised $500 million under the first tranche of Notes issued under the programme. Zenith Bank Company Secretary, Michael Otu, said the bank now intends to revalidate the …

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Zenith Bank Plc said on Tuesday it would seek shareholder approval next month to raise 100 billion naira ($318 million) via a combination of share or bond sale and global depository receipts. The lender also said it would seek approval to increase its share capital to 40 billion naira from 20 billion naira at the shareholders’ meeting on March 22. …

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Zenith Bank Plc has recorded a gross earnings of N507.9 billion in its full year operations, as against N432.5 billion achieved in the corresponding period of 2015. Specifically, the bank’s result for the full year ended December 31, 2016, showed 17.4 per cent rise in gross earnings, from N432.5 billion in 2015 to N507.9 billion during the period under review. …

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S&P Lowers Long-Term Credit Ratings On Seven Nigerian banks Standard & Poor’s Global Ratings, on Friday announced the lowering of its credit ratings on seven Nigerian banks as part of actions on a total of nine banks and one holding company. The agency announced the lowering of its long-term counterparty credit ratings on Fidelity, Zenith, Guaranty Trust, Access, Stanbic IBTC, Ecobank Nigeria …

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Zenith Bank Plc has been named as Nigeria’s most customer-focused bank by KPMG the leading advisory and consultancy firm. KPMG in its 2016 edition of the annual banking industry Customer Satisfaction Survey recently released, Zenith topped other Nigerian banks in the Customer Satisfaction Index (CSI) with a total of 74.6 points to clinch the first position in the retail banking category. By this, the …

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