Tag: Zenith Bank
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Betta Edu saga: Zenith Bank debunks report on GMD’s arrest by EFCC
The management of Zenith Bank Plc, has debunked the arrest of its Group Managing Director, Dr. Ebenezer Onyeagwu by the Economic and Financial Crimes Commission (EFCC).
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SMEs struggle as Zenith bank offers N3.5bn loan to staff at 4 per cent
Zenith Bank Plc, one of Nigeria’s Tier-1 banks, has provided loans totaling N3.517 billion to its management staff at an interest rate of four per cent, as reported in its second-quarter 2023 financial statement. This revelation which was first brought to light by the Economy Post comes against the backdrop of the Central Bank of…
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NEW NAIRA NOTES: Who did Nigerians offend as banks refuse withdrawal?
Scarcity of the new naira notes and the difficulty in accessing the few available ones are proving to be a daunting experience for Nigerians across the country, as UBA Bank at the Agbara area of Badagry, Lagos State, on Tuesday stopped attending to their customers/Nigerians who were at the bank to withdraw money. The challenges…
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GTBank, Zenith Bank in trouble over alleged data breach
The Nigeria Data Protection Bureau (NDPB) has commenced an investigation into allegations of data breach against Guarantee Trust Bank (GTBank) and Zenith Bank.
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Zenith, Access, others move to acquire Union Bank
Top Nigerian banks, including Zenith Bank and Access Bank, as well as Middle Eastern lenders, have shown interest in acquiring the remaining assets of Atlas Mara Ltd., the pan-African banking group started by Bob Diamond, in Union Bank of Nigeria Plc, according to Bloomberg report. The London-listed group, according to the report, has received a…
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Zenith Bank emerges ‘Best Bank in Nigeria’
Zenith Bank Plc has emerged as the Best Bank in Nigeria in the recently released Global Finance Magazine World’s Best Banks Awards 2020. The awards were based on the performances of the banks in their respective regions and countries from Jan. 1 to Dec. 31, 2019. Founded in 1987, Global Finance’s Awards are recognised as…
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Zenith, Union Banks clear air on alleged merger talks
The managements of both Zenith Bank Plc and Union Bank of Nigeria Plc have reacted to the widespread reports that they were having discussions bordering on becoming a single entity. Zenith Bank on Tuesday released a press statement to the Nigerian Stock Exchange (NSE), claiming it had not made any binding offer to acquire any…
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Zenith Bank Declares N2.50 Dividend for FY 2019
Tier-one Nigerian lender, Zenith Bank Plc, has announced a dividend of N2.50 per share for its shareholders for the year ended December 31, 2019. In a notification on Friday, the bank said the cash reward would be paid to shareholders whose names appear in the register of members as at the close of business on…
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Zenith Bank announces appointment of new GMD/CEO
Zenith Bank Plc. has announced the appointment of Ebenezer Onyeagwu as the Group Managing Director/Chief Executive Officer of the bank with effect from June 1, 2019. The bank, in a notice sent to the Nigerian Stock Exchange (NSE) on Monday, said the appointment is subject to the approval of the Central Bank of Nigeria (CBN).…
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Court remands MD for allegedly stealing $123,000 from Zenith Bank
The Managing Director of Excampo Nigeria Limited, Sikiru Olayinka, 36 has been arrested and arraigned before a Lagos Magistrate Court for allegedly stealing the sum of $123,000 belonging to Zenith Bank PLC. Also charged with him over the alleged offence was his Company, Excampo Nigeria Limited. The accused was arrested by the operatives of the…