Nigerian banker Jim Ovia looks set to receive $34.1 million in Zenith Bank dividends
Aside from his governance roles in the lender, Ovia holds a substantial 16.2-percent stake in the bank.
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Aside from his governance roles in the lender, Ovia holds a substantial 16.2-percent stake in the bank.
Zenith Bank is Nigeria’s most profitable bank and the largest listed financial services group with a valuation of $2.04 billion.
Ovia’s stake in Zenith Bank is now valued at more than $312 million.
Ovia is the founder of Zenith Bank, a Lagos-based banking group and Nigeria’s most profitable financial services company.
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.
The dividend will be paid from the bank’s $257.8 million in profits earned in the first half of 2021.
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.
In February, Zenith Bank’s Board of Directors declared its final dividend for 2020 on the Nigerian Stock Exchange.