ZENITHBANK - Zenith Bank Plc

Dec 11, 2023 at 14:40 Twitter · Facebook

ZENITHBANK share price on Nigerian Stock Exchange

Zenith Bank Plc is a Nigerian commercial bank providing services to corporate, commercial, and individual customers. The company's core businesses include corporate and investment banking, commercial and consumer banking, trade services and foreign exchange, treasury and cash management services, and other non-bank financial services through its subsidiaries. Zenith Bank became a public limited company in June 2004 and was listed on the Nigerian Stock Exchange in October the same year, following a highly successful IPO. The bank currently has a shareholder base of about one million and is Nigeria’s biggest bank by tier-1 capital.

Headquartered in Lagos, Zenith Bank has over 500 branches and business offices in commercial centers in all states of the federation and the Federal Capital Territory. In March 2007, Zenith Bank was licensed by the Financial Services Authority of the United Kingdom to establish Zenith Bank (UK) Limited as the UK subsidiary of Zenith Bank Plc. Subsequently, in 2013, Zenith Bank listed $850 million worth of its shares at $6.80 each on the London Stock Exchange. Additionally, the bank has subsidiaries in Ghana, Sierra Leone, and Gambia, as well as a representative office in the People’s Republic of China, as it expands into European and Asian markets.

Zenith Bank Plc is listed on the Nigerian Stock Exchange (NGX) since October 21st, 2004. Zenith is traded on the NGX under the ticker symbol “ZENITHBANK”. The International Securities Identification Number (ISIN) of NGX:ZENITHBANK is NGZENITHBNK9. Zenith Bank Plc is currently the eighth most valuable stock on the NGX with a market capitalization of NGN 1.11 trillion, which makes about 2.84% of the Nigerian Stock Exchange equity market.

ZENITHBANK Stock Market Performance

The current share price of Zenith Bank Plc (ZENITHBANK) is NGN 35.50. ZENITHBANK closed its last trading day (Monday, December 11, 2023) at 35.50 NGN per share on the Nigerian Stock Exchange (NGX), recording a 1.4% gain over its previous closing price of 35.00 NGN. Zenith began the year with a share price of 24.00 NGN and has since gained 47.9% on that price valuation, ranking it 74th on the NGX in terms of year-to-date performance. Shareholders can be optimistic about ZENITHBANK knowing the stock has accrued 6% over the past four-week period—45th best on NGX.

Zenith Bank is the ninth most traded stock on the Nigerian Stock Exchange over the past three months (Sep 12 - Dec 11, 2023). ZENITHBANK has traded a total volume of 912 million shares—in 23,331 deals—valued at NGN 30.4 billion over the period, with an average of 14.5 million traded shares per session. A volume high of 38.6 million was achieved on December 6th, and a low of 3.85 million on November 14th, for the same period. The table below details the last 10 trading days of activity of Zenith Bank on the Nigerian Stock Exchange.

Profile of Zenith Bank Plc

Zenith Bank Plc, since founded by Jim Ovia, has since grown astronomically to become one of the leading financial institutions in Africa. Currently ranked as the 6th biggest bank on the continent, the company has grown its shareholder’s fund of ₦20million in 1990 to ₦704.50billion as at year end 2016. The overall strategy of the bank is to make the Zenith brand a reputable international financial services network recognized for innovation and superior customer services while creating premium value for all of its stakeholders. Today, Zenith Bank continues to thrive on the corporate culture of professionalism and service excellence upon which the bank was built.

Zenith Bank Plc was founded on May 30, 1990 and operates in the Financials sector, specifically, the Banking industry. Zenith Bank contracts an estimated total number of 6,521 employees. The company is led by Ebenezer N. Onyeagwu as its Managing Director/CEO, since 2019. The company's board of directors, chaired by Jim Ovia (72), is composed of 13 members whose names are listed below.

1. Ovia, Jim
   Chairman
2. Onyeagwu, Ebenezer N.
   Managing Director/CEO
3. Umeoji, Adaora
   Deputy Managing Director
4. Ahmed, Umar Shuaib
   Executive Director
5. Fasoranti, Temitope (Dr)
   Executive Director
6. Olisa, Dennis
   Executive Director
7. Oroh, Henry
   Executive Director
8. Enwemeka, Chukuka (Prof.)
   Non-Executive Director
9. Efeyini, Jeffery
   Non-Executive Director
10. Ibidapo-Obe, Oyewusi (Prof.)
    Independent Non-Executive Director
11. Ukpeh, Gabriel Ita Asuquo
    Independent Non-Executive Director
12. Bello, Mustafa (Engr.)
    Non-Executive Board Member
13. Abubakar, Al-Mujtaba (Dr.)
    Non-Executive Board Member

ZENITHBANK Industrial Market Competitors

Zenith Bank Plc, issuers of the ZENITHBANK stock on the Nigerian Stock Exchange, have a number of market competitors who are also engaged in the Financials sector and/or Banking industry. The table below presents an overview of the market standing of the top 10 by year-to-date performance.

Index of African Stock Exchanges:

1. Botswana Stock Exchange
2. BRVM Stock Exchange
3. Ghana Stock Exchange
4. Johannesburg Stock Exchange
5. Lusaka Securities Exchange
6. Malawi Stock Exchange
7. Nairobi Securities Exchange
8. Nigerian Stock Exchange
9. Uganda Securities Exchange
10. Zimbabwe Stock Exchange