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Tag Archives: zenith bank

My Story with Zenith Bank (Trending now on Facebook)

Zenith Bank logo

By Orayemi Abiodun Sulaimon (unedited; This issue trended over the weekend and because of its importance to the banking public and even banks, Business Hilights decided to publish it)   The story I have no bank account with Zenith and I do not nurse any idea of doing so. On the 10th of February 2018, I used my UBA ATM ...

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Zenith Bank’s Next Generation Tennis Masters begins April 2 to discover new stars

Zenith Sports

In keeping with its resolve to continue to discover fresh Tennis talents for the country, leading banking giant, Zenith Bank has concluded plans to kickoff the 2018 Junior Tennis Masters in Lagos from second of next month. The bank said time has come to discover the next generation of players to take over from the likes of Mumuni Babalola and ...

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Zenith Bank Future Eagles trophy goes South East

Zenith SE

The Future Eagles U-15 Category Trophy tournament promoted by Zenith Bank in partnership with the Nigeria Football Federation (NFF) has ended with team South East beating Northwest 5-2 at the Agege Stadium. Business Hilights recalls that few months ago, the bank also sponsored Nigerian Female Basketball championship in Lagos which was won by Team First Bank. The Most Valuable player ...

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Naira depreciation suffocating major banks, ICT, oil sectors—Report

Afrinvest Ike Chioke

The recently released 2017 Nigerian Banking Sector Report; “Nigeria Reopens for Business”, which will be launched by Central Bank of Nigeria (CBN) Governor Godwin Emefiele at the London Stock Exchange (LSE) on Friday has revealed that ongoing naira depreciation has squeezed major financial institutions, investment drive of oil and gas and ICT sectors. Afrinvest West Africa, an independent investment banking ...

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How Barclays suddenly become advisor in sale of 9Mobile

Nnanna Etisalat

Facts on why rather than Citigroup and Standard Banks, new advisor had been preferred for arranging the sale of 9Moblie on or before December, 31st 2017. Though analysts say the sudden change had the backing of the 13 banks who provided the $2.1bn syndicated loan that was defaulted leading to the beginning of the crisis, previous links with 9mobile failed ...

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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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