Nigerian banker Aigboje Aig-Imoukhuede tapped to lead France-Nigeria Business Council
The announcement, made during the Choose France Summit 2024, solidifies Aig-Imoukhuede’s role in fostering economic ties between the two nations.
The announcement, made during the Choose France Summit 2024, solidifies Aig-Imoukhuede’s role in fostering economic ties between the two nations.
The targeted capital will be sourced through public offerings, private placements, rights issues, and other instruments.
Building on a record-breaking 2023, when profit rose 202.3 percent to N676.91 billion ($522.03 million), Zenith Bank’s Q1 2024 profit jumped 291.35 percent year-over-year.
Building on a strong 2023 performance, with profit rising 219 percent to $470.1 million, GTCO’s first-quarter profit jumped 685.9 percent year-over-year.
Despite this short-term setback, Ovia retains his position as Nigeria’s richest banker, underscoring his enduring success as a prominent businessman in the country.
Ovia, who holds a 16.18-percent stake in Zenith Bank, equivalent to 5,072,104,311 shares, stands to receive N17,752,365,089 ($12,771,215).
This strategic shift positions Zenith Bank to adapt and thrive in the ever-evolving financial services ecosystem, solidifying its position as a leader in innovation and value creation.
Despite this setback, Ovia retains his status as Nigeria’s richest banker, underscoring his success as a leading businessman in the nation.
In a post-meeting interaction, Aig-Imoukhuede reaffirmed the group’s commitment to industry recapitalization and delivering consistent returns to shareholders.
The capital raise aligns with the Central Bank of Nigeria’s (CBN) recent increase in minimum capital requirements for the country’s largest banks.
With Segun Agbaje at the helm, GTCO continues to chart a path of sustained growth and profitability in the Nigerian financial landscape.
The leading lender, led by Elumelu, one of Africa’s most influential business figures, reported a stellar 257 percent increase in profit to N607.7 billion ($468.8 million).
GTCO’s 2023 financial performance, marked by record profit, strengthens Agbaje’s leadership and cements the company’s position as a Nigerian financial powerhouse.
Critics have previously expressed concerns that Access Holdings’ historical reporting practices may have obscured the true scale of its legal issues.
The company’s performance is marked by an 18 percent year-on-year increase in profit after tax to N11.42 billion ($8.73 million).
While Wigwe’s leadership is sorely missed, his impact remains evident in the group’s record-breaking 2023 profits.