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Zenith Bank, Nigeria’s leading financial institution, achieves a remarkable 99-percent profit growth, reaching N1 trillion ($604.3 million) in the third quarter of 2024, driven by robust interest income and strategic investments despite challenging economic conditions.
Ovia, the founder and chairman of Zenith Bank, holds a controlling stake of 16.2 percent — equivalent to 5,082,800,739 shares.
Access Bank introduces a groundbreaking initiative to support 100 female entrepreneurs across 16 African countries, reinforcing its commitment to women’s leadership and economic growth.
First City Monument Bank (FCMB) introduces the Fempreneur Accelerator program, designed to support 350 women-led small and medium enterprises (SMEs) in Nigeria, promoting economic growth and innovation.
GTBank has increased employee salaries by 40 percent in response to Nigeria's economic reforms and rising inflation, reinforcing its commitment to staff welfare while maintaining its position as one of the country’s most cost-efficient banks.
Irune highlighted the company’s focus on deepening regional investments while working closely with local governments and host communities.
Alawuba, who leads one of Africa's most transformative financial institutions, continues to grow both the bank's operations and his personal fortune this year.
The move is part of Access Bank’s broader strategy to drive economic growth and enhance intra-African trade within the Southern Africa region.
This strategic consolidation is aimed at enhancing the company’s operational capabilities and fostering innovation in Nigeria's expanding pension sector.
This move aims to strengthen the Nigerian economy while aligning with global sustainability goals.
Access Holdings’ profit surges to $174.5 million in H1 2024, riding on strong asset growth and income gains.
The partnership is expected to drive economic growth, job creation, and particularly support women-owned businesses in the country.
This aligns with GTCO's ambitious target to become the first Nigerian company to achieve a $1 billion profit milestone.
This move is aimed at strengthening the bank's financial foundation and supporting its expansion within Africa's financial markets.
Zenith Bank's half-year profit surges 98%, bolstered by robust interest income and trading income growth
