Zenith Bank Plc and the French Development Agency (Agence Francaise de Development (AFD), operator of France’s bilateral development finance mechanism, over the weekend in Abuja, signed a US$100m power sector credit facility to boost new investments in the capital expenditures of Distribution Companies (DISCOS). The signing of the facility which took place in the inner…
The shareholders of Zenith Bank Plc have commended the Board of Directors for an impressive financial year ended December 31, 2015, as they approved a total dividend of N56.5 billion for the period. The Shareholders Group said despite the challenges in the environment and the harsh economy witnessed in the country, the bank posted an…
Nigeria’s top tier lender, Zenith Bank Plc said on Tuesday its pre-tax profit for the period ended December 31, 2015 rose 4.85 percent to N125.62 billion from N119.79 billion recorded a year ago. Similarly, profit after tax (PAT) increased 6.24 percent to N105.66 percent to N99.45 billion posted the same period of 2014. Gross earnings…
Sahara Reporters has published a story alleging the Senate President, of using his position then as governor of Kwara State to carry out some fraudulent withdrawals. Also, at least three banks were implicated, including Zenith Bank, which some people has accused of being one of the most fraudulent banks in Nigeria. Some have even alleged…
A court in Akure has granted a request by the Ondo State Board of Internal Revenue to seal offices of Zenith Bank in Akure and Ondo for refusing to pay tax to the state government. On Monday, November 17, 2014, tax officials from the state stormed the offices of the financial institution and locked them.…