Richest Nigerian banker Jim Ovia’s stake in Zenith Bank declines by $32 million
Ovia, a key figure in the evolution and digital transformation of Nigeria’s banking industry, founded Zenith Bank in 1990.
Ovia, a key figure in the evolution and digital transformation of Nigeria’s banking industry, founded Zenith Bank in 1990.
Ovia is recognized as Nigeria’s richest banker and a top figure in Africa’s financial services industry.
Zenith Bank’s financial performance has prompted its board of directors to propose an interim dividend of N0.50 ($0.00063) per share.
Ovia owns a 16.2-percent stake in Zenith Bank, which translates to a total of 5,072,104,311 ordinary shares.
Ehimuan, a prominent figure in the African tech industry and a key player in Google’s growth in Africa, left the company in late June.
Despite the fiscal setbacks he has endured, Ovia’s position as Nigeria’s richest banker remains steadfast.
These impressive gains further solidify Ovia’s status as Nigeria’s richest banker and one of the richest investors on the NGX.
The upward trend in the lenders’ shares and market capitalization can be attributed to investors’ optimism about a potential increase in earnings and assets.
Ovia’s 16.2-percent stake in Zenith Bank, comprising 5,072,104,311 ordinary shares, accounts for the majority of his fortune.
Ovia rakes in $30 million in just one day as Zenith’s market cap surges past $1.85 billion.
Ovia continues to play a significant role in shaping Nigeria’s financial landscape.
This recent surge has further solidified Ovia’s position as one of the most affluent investors on the Nigerian Exchange.
Ovia’s stake in Zenith Bank soars, adding $42.93 million in value in 34 days amid a bullish market.
Onyeagwu’s stake in Zenith Bank has increased from 0.26 percent, or 82,176,078 shares, to 0.29 percent, or 90,176,078 shares.
Ovia is a major shareholder in Zenith Bank, holding a substantial 16.2-percent stake, or 5,072,104,311 ordinary shares.
Ovia owns a substantial 16.2-percent stake in Zenith Bank.