Prudential Zenith Life Insurance records 75% growth in profit after tax in 2021

September 19, 2022 David Agba Abuja 0

Prudential Zenith Life Insurance Limited (“PZL”) has announced its audited financial results for the year ended 31st December 2021, recording a 75% growth in profit after tax (PAT) of ₦1.13b compared to the ₦646m recorded in the corresponding period in 2020. The results, which was approved by the Board of Directors of Prudential Zenith and the insurance industry regulator, the Read More

Access, Zenith, GTB, 7other banks get Fitchs’ ‘B’, stable outlook

July 26, 2022 Blessing Anaro, Lagos 0

Fitch, the global rating agency, has affirmed Long-Term Issuer Default Ratings (IDR) of 10 Nigerian banks at ‘B’ with a stable outlook. In a fresh report obtained from its website, the global rating agency listed the 10 lenders to include: Zenith Bank Plc, Access Bank Plc, Guaranty Trust Holding Company Plc (GTCO), Ecobank Transnational Incorporated, Stanbic IBTC, United Bank for Read More

Zenith Bank holds 7th annual trade seminar on non-oil export

July 17, 2022 David Agba Abuja 0

The 7th Annual Edition of the Zenith Bank International Trade Seminar will be held on Wednesday, July 20, 2022, at the Civic Centre, Victoria Island, Lagos, and virtually. The seminar, themed “Unlocking Opportunities in Nigeria’s Non-Oil Export Business”, is part of Zenith Bank’s efforts to support the Central Bank of Nigeria (CBN) initiatives to grow the country’s non-oil export sector. Read More

Investors of GTCO, Zenith Bank lose N247.6bn to sell pressures

June 24, 2022 Blueprint 0

Sell pressure witnessed on shares of the Zenith Bank Plc and GTCO Plc since the beginning of the year has resulted in investors of both banks losing about N247.623 billion at the close of trading on Wednesday. According to findings, while shares of GTCO Plc dropped by 19.23 per cent to N21.00 per share N26.00 which was the opening share Read More

UBA, Zenith Bank, 7 others spend N23bn on travel expenses

June 7, 2022 Segun Odunewu, Lagos 0

Zenith Bank, UBA, FirstBank and six other Nigerian banks spent N23 billion on business trips during the year 2021 covering the cost of travel, hotels, passages and other logistics tied to travelling within and outside the country. The others are Fidelity Bank, Sterling Bank, GTBank, Stanbic IBTC and FCMB. From analysis of data collated from their 2021 full year financial Read More

Zenith Bank, GTCO, 7 others’ bad loans hit N814bn

May 17, 2022 Segun Odunewu, Lagos 0

The non-performing loan portfolio of nine Nigerian banks has increased to N814.08 billion as at end of December 2021, indicating a 3.16 per cent rise when compared to the N789.14 billion recorded at the end of 2020. The nine banks are Access Holdings Plc, Zenith Bank Plc, Wema Bank Plc, FCMB Group, Union Bank of Nigeria Plc and Stanbic IBTC Read More

Three years on, Zenith Bank still Nigeria’s best bank’

April 26, 2022 Benjamin Umuteme 0

Zenith Bank Plc has emerged as the Best Bank in Nigeria in the Global Finance Magazine’s Best Banks Awards 2022, retaining the award for a third consecutive year. The Bank was among other banks from 36 countries in Africa recognised as the prestigious Global Finance announced its 29th Annual Best Bank Awards Winners. In giving the award, Global Finance considered Read More

Shareholders’ returns boosted as Zenith Bank pays N97.33bn dividend

April 7, 2022 David Agba 0

Shareholders of Zenith Bank Plc, at the 31st Annual General Meeting (AGM) of the bank held on Wednesday, April 6, 2022, at the Civic Centre, Victoria Island, Lagos, unanimously approved the proposed final dividend, expressing delight at the final dividend payment of NGN2.80 per share which brings the total dividend for the 2021 financial year to NGN3.10 per share with Read More

Zenith extends lead over GTCO as most capitalised bank

March 29, 2022 Segun Odunewu 0

GTCO has further dropped behind its market rival, Zenith Bank on the most capitalized or valuable company and financial institutions in Nigeria after its shareholders lost N89.76 billion last week, with total investment held by stakeholders now worth N681.33 billion as of Friday last week, against the N771.09 billion owned on March 18. This further extends the gap between GTCO Read More

GTB, Zenith Bank, 8 others grow combined profit by N120bn

March 15, 2022 Segun Odunewu Lagos 0

Guaranty Trust Holding Company (GTCO), Zenith Bank and eight other banks in the country showed resilience in 2021 despite competition from financial technology companies as they posted a combined profit after tax of N741.7 billion. The profit for 2021 is an increase by 19 percent or N120 billion when compared to N620.7 billion recorded in 2020 data from the bank’s Read More

Zenith Bank surpasses market expectations, hits N280.4bn PBT in 2021

March 1, 2022 David Agba 0

Zenith Bank Plc has announced an impressive result for the year ended December 31, 2021, with Profit Before Tax (PBT) rising by 10% to N280.4 billion from N255.9 billion reported in the previous year. This is in spite of a challenging macroeconomic environment aggravated by the coronavirus (COVID-19) pandemic. According to the bank’s audited financial results for the 2021 financial Read More

Access overtakes Zenith Bank as Nigeria’s most valuable Bank brand

February 3, 2022 Segun Odunewu 0

Access Bank Plc has overtaken Zenith Bank as the most valuable banking brand in Nigeria, the latest 2022 top 500 global valuable banking brands index has shown. The ranking compiled by Brand Finance, a London-based business valuation and strategy consultancy, states that Zenith, which recorded $335 million in 2021, had been ranked as the country’s most valuable banking brand until Read More

VIDEO: Watch as Bovi teaches his kids pidgin language

December 30, 2021 Rosemary Moribirin 0

Comedian Bovi Ugboma has thrilled fans on his verified instagram account with videos showing moments he was teaching his children how to speak pidgin language. The video which has gone viral showed Bovis determination to teach his children pidgin English against their will. The video stirred hilarious reactions in his comment section with some people telling him to leave the Read More

Onyeagwu advocates diaspora direct investment for sustainable economic growth, devt

November 16, 2021 Blueprint 0

The Group Managing Director/Chief Executive of Zenith Bank, Ebenezer Onyeagwu, has called for increased collaboration of Nigerians in the diaspora for the nation to achieve its economic growth targets. He made the call during the 4th Edition of the Nigeria Diaspora Investment Summit 2021 organised by the Nigerians in Diaspora Commission (NiDCOM) on Tuesday, November 16, 2021. The hybrid event Read More