Zenith Bank’s Q2-2018 result shows decline across major income lines
Zenith Bank Plc released its Q2-2018 result Monday afternoon at the floor of the Nigerian Stock Exchange (NSE), indicating a decline across major income lines, which resulted in a 34.25% y/y and 9.56% q/q drop in Gross earnings. Interest income…
Fidelity Bank set to join Tier-1 big boys over smart completion of 4-year growth plan
At a time several Tier-2 banks are struggling to remain afloat in the segment, all is set for the most SMEs friendly bank, Fidelity Bank is set to join tier-1 banking giants. Though analysts say adverse macroeconomic environment, and regulatory…
‘IFRS 9: New CBN disclosure rule returning sanity to banks’ financial results’
Emerging revelations from released Q1 results of commercial banks in Nigeria have shown that the new regime of financial reporting is not really suggesting serious drop in banks profits as reported in some quarters of the media in Nigeria. Checks…
Revealed: Zenith Bank’s Q1-2018 results show improved performance across items
Recently released first quarter results of Zenith Bank plc have indicated strong improvement and strategic performance across key line items. Whereas gross earnings was higher by 14.52% y/y (-20.91% q/q) at NGN169.19 billion, PAT and PBT also grew by 22.17%…
How Zenith Bank worked to become highest dividend payer amongst all quoted companies
No doubt, with the weekend’s approval of the proposal of the board to pay a final dividend of N2.45k per share as dividend for the 2017 financial year, Zenith Bank Plc, can be said to be among top quoted companies…
Zenith Bank chides Bloomberg’s estimates, grosses earnings by 46.69% in FY 2017 results
Leading financial institution, Zenith Bank Plc., has released its full year (FY) 2017 results. The summary of the results indicates that strategic Gross earnings was higher by 46.69% during the year at NGN745.19 billion which is 55.14% higher than Bloomberg’s…
Mastercard begins use of Facebook Messenger to drive SMEs, unveils Masterpass QR
… Ecobank, Zenith Bank set to support this inaugural programme Mastercard has announced that it will use Facebook Messenger to provide technology to small businesses in Africa and Asia to drive affordable acceptance of electronic and mobile payments during its…
Some banks (Tier-2) at risk of going down should dollar hit N450— Fitch Report
—UBA, Zenith, Access, 2 others strong A recent stress test conducted by leading international financial surveillance agency, Fitch Ratings has indicated that some tier-2 banks (banks with total assets less than N2tn) will fall below the capital adequacy ratio of…
Zenith, Union Banks’ announce new board members after CBN approval
Two leading commercial banks, Zenith Bank Plc., and Union Bank of Nigeria Plc have announced changes to the membership of their Board of Directors. Whereas in Union Bank, the changes followed the retirement of an Executive Director, Mr. Ibrahim Kwargana…
Former Zenith Bank chiefs Ovia, Emefiele trace feats to training at UNN
Dual banking wizkids, chairman of Zenith Bank Plc., Mr Jim Ovia, Governor of the Central bank of Nigeria (CBN), Dr. Godwin Emefiele, have traced their resilience and observed heights in banking industry to the quality of training they garnered as…
