Zenith Bank, led by Nigerian banking tycoon Jim Ovia, to distribute $88.3-million dividend
The record dividend payout underscores its unwavering dedication to shareholder value and its position as a top player in Nigeria’s banking sector.
The record dividend payout underscores its unwavering dedication to shareholder value and its position as a top player in Nigeria’s banking sector.
Over the past 15 days, Wigwe’s 8.95-percent stake in Access Holdings has witnessed a remarkable boost, rising by $23.2 million.
Ovia has been appointed as the chairman of Zenith Holdco Plc.
Wigwe owns a significant 4.27-percent stake in the bank.
Wigwe owns 4.26 percent of the pan-African conglomerate.
The increase in the bank’s profit can be attributed to a 17-percent rise in its gross earnings.