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Tag Archives: zenith bank

Why NPLs in 14 banks jumped to N177bn in 2017 H1

CBn Emefiele

…As Zenith Bank records profit within the period Fresh fact has emerged on why nonperforming loans (NPLs) of 14 leading commercial banks in Nigeria jumped to N177.3bn within the first half of 2017. Business Hilights observed that whereas the 14 banks recorded credit losses of 22.2 per cent of the net income realised within the first half of the year, ...

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Why Zenith Bank displaced First Bank to become largest bank in Nigeria

ZENITH-BANK-PLC

…As Ecobank leads only on W’African scale Though all Nigerian banks’ half year reports are not yet completely released, available ones have indicated that Zenith Bank plc., may have outsmarted hitherto largest bank in Nigeria, First Bank to assume the choice position. This is based on the reports so far released showing that whereas Zenith Bank’s total asset base is ...

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How banks’ removal of $1.2Bn 9Mobile debt from books’ll shape future

9Mobile shop

Since the revelation that the 12 banks involved in the $1.2 billion 9Mobile loan are setting aside a large part of the debt from their books ahead of the December 31 end-date for the fiscal year, financial pundits have started weighing the development. However, many of the experts who spoke to Business Hilights traced the new posture of banks to ...

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Liquidity gap tears Tier-one banks, others on profit rebounds

Banks logos

One of the major negative facts emerging from the sustained impacts of recession and the attendant economic downturn cannot be far from the widening gas of liquidity and market dominance by tier-one banks over mid-sized lenders, Business Hilights can authoritatively report. The development stemmed from the rising large cap bank shares rallies in profits because Tier one banks; lead by ...

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Zenith Bank rewards Eta, promises more sponsorship to Microsoft Championship

ZENITH- Eta

Leading banking and financial solutions provider, Zenith Bank has assured continued sponsorship of more Nigerian students to participate in the annual Microsoft Office Specialist Championship in the United States. The annual Microsoft Office Specialist World Championship is a global competition that tests students’ skills in Microsoft Word, Excel and PowerPoint. Just recently, a Nigerian secondary school student, Miss Katherine Eta, ...

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Zenith Bank drives Lagos schoolgirl, Katherine Eta to global accolade at US

Zenith Eta

More exploits coming from the robust Corporate Social Responsibility (CSR) feats of Zenith Bank Plc., are still emerging. Barely less than one week after the successful conclusion of Zenith Bank’s sponsored national Basketball championship won by FirstBank team, Katherine Eta of Childville School, Ogudu, Lagos, emerged the third place winner in the keenly contested 2017 Microsoft Office Specialist World Championship ...

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How Zenith Bank, Dangote Cement, Access Bank may continue to lead trading at NSE

Zenith bank HQ

Investment capacity, rising trust and sustained strong performance have been seen by experts as leading factors that will continue to propel consolidated trading companies at the Nigerian Stock Exchange to remain unbeaten for a long time at the floor of the exchange. Leadership of the trio did not just begin from last week, but has been in the pipeline for ...

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Can Ovia stir disruptions to begin second missionary journey with 9Moblie?

Jim Ovia

Though very limited number of analysts can direct their guesses along this line, it may not be out place for the young smart driven banker, Mr. Jim Ovia to take a second chance in the Nigerian telecoms industry. Given his resilience to drive the last standing CDMA to a good sale at a time others dried up without a comfortable ...

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Zenith Bank leads other 5 banks to make 1000 Global Banks bracket

Zenith bank HQ

The Banker Magazine’s Top 25 Banks in Africa for 2017 Global banks’ ranking made public on Tuesday saw Zenith Bank leading FirstBank Nigeria Limited, Guaranty Trust Bank Plc, Access Bank Plc, United Bank for Africa Plc and Diamond Bank Plc as among six Nigerian banks in the global 1000 financial institutions. This is as Africa’s top three positions were swept ...

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Only Zenith Bank is free from N30trn Customs remittance infractions—Senate

Zenith MD

Whereas the Senate Committee probing the Customs N30tn banks remittance infractions has given the Central Bank of Nigeria (CBN) seven days to recover all monies collected by banks on behalf of the agency without remitting them over the years, it has given Zenith Bank clean bill of health that it remitted all accordingly. Others banks in order of what they ...

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