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Banks (Finance)

Zenith Bank Celebrates Milestone Partnership with Nigerian Exchange (NGX)

Strategic Insights

— 2 min read

Zenith Bank's Founder and Chairman, Dr. Jim Ovia, CFR, and Group Managing Director/CEO, Dame Dr. Adaora Umeoji, OON, marked a significant milestone in the bank's partnership with the Nigerian Exchange (NGX) by participating in the closing gong ceremony. The event highlights the bank's strong relationship with the NGX and its commitment to transparency, accountability, and boosting investor confidence. During the ceremony, Dr. Umeoji emphasized the bank's focus on creating value for stakeholders and its plans to continue partnering with the NGX to drive economic growth in Nigeria.

Key Takeaways:

  • Zenith Bank performed the closing gong ceremony at the Nigerian Exchange (NGX) in recognition of its significant partnership with the capital market.
  • The bank's stock price has doubled since the recapitalization exercise, from N36.50 per share to N68.
  • Zenith Bank reported impressive financial results for the Half Year (H1) of 2025, becoming the most profitable bank in Nigeria and paying the highest dividend in the industry for the half year.
  • The bank plans to make good on its promise of being investors' delight by paying quantum dividends to shareholders by year end.
  • Zenith Bank aims to strategically leverage the capital raised from the market to enhance its scalability and deliver enhanced services to its valued customers.
  • The bank has received numerous awards for its excellent performance, including being recognized as the Number One Bank in Nigeria by Tier-1 Capital for the sixteenth consecutive year.
  • Zenith Bank's expansion strategy is focused on following its customers' businesses and ensuring that it goes to countries and economies where it can scale and provide more returns for its shareholders.
  • The bank's commitment to creating value for stakeholders has led to recognition in various awards and accolades, including Best Corporate Governance Bank, Nigeria, and most responsible organization in Africa.

Statistics:

  • Zenith Bank achieved a 160% subscription during its recapitalization exercise.
  • The bank's stock price increased from N36.50 per share to N68.
  • Market capitalization in Nigeria stood at N55 trillion when Dr. Emomotimi Agama took office, and it has since grown to N89 trillion and N93 trillion.
  • The NGX's vision is to have the market at 200 trillion by next year.
  • Zenith Bank received awards for its excellent performance, including Bank of the Year (Nigeria) for 2020, 2022, and 2024, and Best Commercial Bank, Nigeria, for five consecutive years from 2021 to 2025.

Sources:

  • Dr. Adaora Umeoji, OON, quoted in the Nigerian Exchange (NGX) ceremony.
  • Dr. Emomotimi Agama, Director General of the Securities and Exchange Commission (SEC), quoted in the Nigerian Exchange (NGX) ceremony.
  • Zenith Bank's press release on the Nigerian Exchange (NGX) ceremony.
  • The Banker, Top 1000 World Banks Ranking 2025.
  • Euromoney Awards for Excellence 2025.
  • International Banker 2023 and 2024 Banking Awards.
  • World Finance Top 100 Global Companies 2023.
  • Ethical Boardroom.
  • BusinessDay Banks and Other Financial Institutions (BAFI) Awards 2023 to 2025.
  • Nairametrics Capital Market Choice Awards 2025.

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