US EditionJim Ovia: Founder/chairman, Zenith Bank, Reaffirms Strong Commitment to Shareholder Value at the NGX Closing Gong Ceremony
Zenith Bank exceeded the Central Bank of Nigeria's recapitalization requirement with 160% subscription, reinforcing its capital base and investor confidence, the bank said.
- On Tuesday, 14 October 2025, Zenith Bank PLC completed a recapitalisation, achieving a 160% subscription at NGX, with the closing gong ceremony led by Jim Ovia and Adaora Umeoji.
- To meet the Central Bank of Nigeria's new threshold, Zenith Bank used the NGX's X-stream electronic trading platform, which facilitated subscriptions that contributed to the 160% recapitalisation success.
- Financially, the bank reported that Zenith Bank PLC's Half Year 2025 results made it the most profitable bank, its stock doubled from N36.50 per share to N68, and it pledged enhanced dividends to shareholders by year end.
- The closing highlighted Zenith Bank PLC's partnership with the Nigerian Exchange and its commitment to transparency, strengthening investor confidence.
- Leadership said its vision is that by next year the market will be at 200trn, and Zenith Bank PLC will pursue global expansion while following customers and enhancing dividends for shareholders.
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Jim Ovia: Founder/chairman, Zenith Bank, reaffirms strong commitment to shareholder value at the NGX closing gong ceremony
Zenith Bank Plc's Founder and Chairman, Dr. Jim Ovia, CFR, accompanied by the bank’s Group Managing Director/CEO, Dame Dr. Adaora Umeoji, OON, on Tuesday,
Zenith Bank founder, Ovia reaffirms strong commitment to shareholder value
Mr Jim Ovia made the statement after performing the prestigious closing gong ceremony at the Nigerian Exchange (NGX), marking a significant milestone in the bank's continued partnership with the capital market
Our Recapitalisation Exercise Achieved 160% Subscription – Zenith Bank - Daily Trust
Zenith Bank PLC yesterday hailed the electronic trading platform – X-stream of the Nigerian Exchange which it said played a pivotal role in the success of its recapitalization exercise, which achieved a 160% subscription. This was disclosed yesterday by the bank’s Group Managing Director/CEO, Dame Adaora Umeoji when she accompanied the Bank’s Founder and Chairman, Dr. Jim Ovia, to carry out the prestigious closing gong ceremony at the Nigerian E…
Zenith Bank Celebrates Successful Public Offer, Surpasses CBN Recapitalisation Target - News Agency Of Nigeria
Zenith Bank celebrates successful public offer, surpasses CBN recapitalisation target By Taiye Olayemi Zenith Bank Plc has concluded its public offer and attained the Central Bank of Nigeria’s (CBN) recapitalisation target. The bank’s public offer, which was oversubscribed, raised N350.46 billion, bringing its total capital base to N614.65 News Agency of Nigeria
Zenith Bank celebrates public offer success, surpasses CBN recapitalisation target
Zenith Bank Plc has concluded its public offer and attained the Central Bank of Nigeria’s (CBN) recapitalisation target. The bank’s public offer, which was oversubscribed, raised N350.46 billion, bringing its total capital base to N614.65 billion, above the N500 billion regulatory threshold for banks with international authorisation. The bank in a statement on Wednesday, said … The post Zenith Bank celebrates public offer success, surpasses CBN …
Zenith Bank Surpasses CBN Recapitalisation Target, Raises ₦350.46bn in Oversubscribed Public Offer
Zenith Bank Recapitalisation A strong vote of investor confidence as Zenith cements its position as Nigeria’s most capitalised bank. In a resounding display of investor confidence and financial resilience, Zenith Bank Plc has successfully concluded its public offer, raising ₦350.46 billion—a result that not only overshot expectations but also propelled the bank’s total capital base …
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