zenith bank
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economy
Zenith Bank assures shareholders of no dilution in combined offering
Zenith Bank Plc has reassured its shareholders that its existing shareholding will remain unchanged during the bank’s ongoing combined offering. Zenith Bank Plc’s Group Managing Director (GMD), Dr Adaora Umeoji, gave the assurance at the “Fact Behind the Combined Offer” event held at the Nigerian Exchange Ltd. (NGX) on Monday in Lagos. Umeoji said that the bank was offering 65…
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economy
Sell-offs in Airtel, others drag market capitalisation down by N500bn
Opening the week, the Nigerian Exchange Ltd.(NGX) market capitalisation on Monday dropped by 0.89 per cent to close at N55.823 trillion. Specifically, the market capitalisation declined by N500 billion or 0.89 per cent to close at N55.823 trillion as against N56.323 trillion recorded on Friday. The All-Share Index, which opened at 99,587.25, also shed 0.89 per cent or 884 points…
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economy
MTN, Tier-1 banks stocks lift NGX gains by N157bn
Renewed interest in MTN Nigeria, alongside sustained interest in Tier-one banks’ stocks, further raised the equity market by 0.27 percent on Thursday. Specifically, investors gained N157 billion, or 0.27 percent, making the market capitalization, which opened at N58.963 trillion, close at N59.120 trillion. Consequently, the All-Share Index grew by 0.27 percent, or 278.42 points, to close at 104,562.06, as against…
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economy
Tier-1 banks drive stock market performance with N147bn gain
The Nigerian stock market witnessed a significant boost in performance on Friday, propelled by gains in tier-one banks such as Guaranty Trust Holding Company (GTCO), Access Corporation, Zenith Bank, and FBN Holdings, among others. Investors gained a total of N147 billion, or 0.25 percent, leading the market capitalization to rise from N59.021 trillion to close at N59.168 trillion. The All-Share…
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economy
Equity market drops N51bn
The market capitalization of the Nigerian Exchange Ltd. (NGX) dropped by N51 billion on Monday. Specifically, the market capitalization opened at N55.861 trillion and closed at N55.810 trillion, representing a 0.09 percent decrease. The All-Share Index also dropped by 0.09 percent, or 93 points, to close at 101,995.53, as against 102,088.30 posted on Friday. Consequently, the year-to-Date (YTD) return fell…
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Africa
Atlas Mara: Zenith Bank, others move to acquire Union bank
Zenith Bank and Access Bank are among the list of financial institutions from Africa and the Middle East to indicate interest in the acquisition of Union Bank and other African assets of Atlas Mara Group, a Pan-African banking group. Atlas Mara has been working with Rothschild & Co. to consider options for its Union Bank stake. This will likely bring…
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Finance
Zenith Bank rewards customers via ‘Zenith Beta Life’ weekly promo
Nigeria’s leading financial institution, Zenith Bank Plc, has commenced its ‘Zenith Beta Life’ Promotion to reward its customers with gifts every week starting from July 31, 2020 to July 31, 2021. According to a statement from the bank, during this period, 50 customers will be selected via raffle draw each week and rewarded with gifts worth N30,000. The promo, the…
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NEWS
Court orders refund of $8,541 illegal deductions by Zenith Bank
A Chief Magistrates’ Court in Gwagwalada, FCT, on Friday ordered Zenith Bank PLC to reverse $8,541 illegally deducted from the account of one of its customers, Ida Gabriel. Delivering judgment, Magistrate Aliyu Shafa, held the defendant (Zenith Bank Plc) was not able to prove to the court that the said money does not belong to the plaintiff. “Zenith bank should…
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Agriculture
Zenith Bank woos farmers with loans
Following a shortfall in imports occasioned by shortage of the dollar in Africa’s biggest oil-producing country, Zenith Bank Plc has announced that it is prioritising loans to the agricultural industry and other raw-material suppliers. “Companies that will be leaders in the next five years are those who will be sourcing their raw materials locally,” Chief Executive Officer Ebenezer Onyeagwu told…
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Africa
Zenith Bank Appoints Amangbo To Replace Emefiele
Zenith Bank Plc yesterday announced the appointment of Mr Peter Olisamedua Amangbo as Group Managing Director and Chief Executive designate of the bank. His appointment is sequel to the approval of the nomination of Mr. Godwin Emefiele as the Governor Designate of the Central Bank of Nigeria (CBN) by the National Assembly last Thursday. The bank made the announcement, which…
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