ZENITHBANK - Zenith Bank Plc

Sep 28, 2021 at 10:34 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.

ZENITHBANK Stock Market Performance

The current share price of Zenith Bank Plc (ZENITHBANK) is NGN 23.45. ZENITHBANK closed its last trading day (Monday, September 27, 2021) at 23.45 NGN per share on the Nigerian Stock Exchange (NGX), recording a 0.2% drop from its previous closing price of 23.50 NGN. Zenith began the year with a share price of 24.80 NGN but has since lost 5.44% off that price valuation, ranking it 112th on the NGX in terms of year-to-date performance.

Zenith Bank is the eighth most traded stock on the Nigerian Stock Exchange over the past three months (Jun 29 - Sep 27, 2021). ZENITHBANK has traded a total volume of 621 million shares—in 17,681 deals—valued at NGN 15 billion over the period, with an average of 9.85 million traded shares per session. A volume high of 35.3 million was achieved on July 12th, and a low of 1.67 million on August 4th, 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 (69), 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 Stock Exchange
6. Malawi Stock Exchange
7. Nairobi Securities Exchange
8. Nigerian Stock Exchange
9. Uganda Securities Exchange
10. Zimbabwe Stock Exchange