Nigeria’s richest banker Jim Ovia’s Zenith Bank posts $363-million profit in H1 2024
Zenith Bank's half-year profit surges 98%, bolstered by robust interest income and trading income growth
Zenith Bank's half-year profit surges 98%, bolstered by robust interest income and trading income growth
The uptick comes after a previous decline, during which his stake in Zenith Bank fell by $13.3 million between April 25 and May 2
The confrontation between billionaire businessman Femi Otedola and Jim Ovia, chairman of Zenith Bank, over an alleged multibillion-naira fraud has escalated further.
Otedola, who ranks among Africa’s billionaires, accuses Zenith Bank of perpetrating banking fraud.
Ovia maintains his position as Nigeria’s richest banker, highlighting his lasting success as a prominent business leader in the country.
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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.
The record dividend payout underscores its unwavering dedication to shareholder value and its position as a top player in Nigeria’s banking sector.