
Nigerian banking magnate Jim Ovia has now lost $60.4 million from stake in Zenith Bank
He is on course to earn an interim dividend of $3.6 million from his stake in the bank.
He is on course to earn an interim dividend of $3.6 million from his stake in the bank.
Ovia owns a significant 16.2-percent stake in Zenith Bank.
The news puts his total dividend earnings from Zenith Bank this year at $17.7 million.
The increase in the bank’s profit can be attributed to a 17-percent rise in its gross earnings.
Ovia owns a significant 16.2-percent stake in the leading lender worth over $300 million.
Ovia owns a significant 16.2-percent stake in the company.
Aside from his governance roles in the lender, Ovia holds a substantial 16.2-percent stake in the bank.
Zenith Bank is a large financial services provider in Nigeria and Anglophone West Africa.
The gain in the company’s share price was spiked by buying pressures on the Nigerian exchange.
Zenith Bank is a leading multinational financial service provider based in Nigeria.
The leading tier-1 Nigerian bank, a top-500 bank globally, posted resilient results in Q1 2021.
Zenith topped the list of Nigerian banks in a global ranking published by The Banker Magazine.
Okonkwo is also the company’s CEO.
The Central Bank of Nigeria has queried First Bank over its abrupt removal of CEO Adesola Adeduntan.
In February, Zenith Bank’s Board of Directors declared its final dividend for 2020 on the Nigerian Stock Exchange.