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CBN Fines Zenith Bank N15.42bn For Money Laundering, Forex, Other Infractions

Summary by The Whistler Nigeria
… Forex Violation Accounts For 95% Of Total Monetary Sanction From CBN …Sanction Part Of CBN’s Strategy To Boost Banking Regulations Compliance The Central Bank of Nigeria has imposed a total fine of N15.42bn on Zenith Bank Plc for failing to comply with banking regulations during the 2024 financial period, THE WHISTLER can authoritatively report. The fine stems from the bank’s failure to comply with key banking regulations, including violations…
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NairametricsNairametrics

Zenith Bank, GTCO and UBA incur N172.4 billion in windfall taxes

Three of Nigeria’s largest banks, Zenith Bank, Guaranty Trust Holding Company (GTCO), and United Bank for Africa (UBA), have collectively incurred windfall tax liabilities totaling N172.3 billion following the enactment of a new tax regime that targets foreign exchange gains made during periods of macroeconomic upheaval. The charges stem from the Finance (Amendment) Act 2023, which […] The post Zenith Bank, GTCO and UBA incur N172.4 billion in w…

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The Whistler NigeriaThe Whistler Nigeria

CBN Fines Zenith Bank N15.42bn For Money Laundering, Forex, Other Infractions

… Forex Violation Accounts For 95% Of Total Monetary Sanction From CBN …Sanction Part Of CBN’s Strategy To Boost Banking Regulations Compliance The Central Bank of Nigeria has imposed a total fine of N15.42bn on Zenith Bank Plc for failing to comply with banking regulations during the 2024 financial period, THE WHISTLER can authoritatively report. The fine stems from the bank’s failure to comply with key banking regulations, including violations…

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BENDELNEWS.COMBENDELNEWS.COM

Zenith Bank’s 2024 Financial Performance: Record Growth, Strong Profitability & Strategic Expansion.

Zenith Bank Plc's financial performance in 2024 showcases remarkable growth across various metrics, underscoring its resilience and strategic prowess in a challenging macroeconomic environment.Profitability and Earnings: Gross Earnings: The bank reported gross earnings of N2.9 trillion for the third quarter of 2024, marking a 118% increase from N1.33 trillion in the same period of 2023. This substantial rise highlights the bank's ability to enha…

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Billionaires.AfricaBillionaires.Africa

Zenith Bank’s 2024 profit hits $671 million with Adaora Umeoji at the helm

Key PointsZenith Bank’s profit surges past $670 million in 2024, up from $440 million, driven by strong interest income, fees, and trading gains.Total assets jump to $19.5 billion, while shareholders' equity rises to $2.62 billion, reflecting robust financial growth under CEO Adaora Umeoji.Dividend payout increases to N5 ($0.00325) per share, rewarding shareholders amid record earnings and continued expansion, including a new Paris branch.Zenith…

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Billionaires.Africa broke the news in on Thursday, March 27, 2025.
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