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Nigeria: Zenith Bank Enhances Shareholders' Value

As shareholders of Zenith Bank Plc meet during the week for the next Annual General Meeting (AGM), their faces will most likely radiate joy for the enhanced shareholder value that came their way in the past year.

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Zenith Bank's Shareholders' Funds Hit N346 Billion

Zenith Bank's 2008 audited result released yesterday show that the bank now has shareholders' funds of N346.6 billion, a 198 per cent rise from N116.4 billion the previous year.

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Zenith Bank Grosses N208 Billion, Pays N1.70 Per Share Dividend

Zenith Bank Plc has announced a gross earnings of N208.29 billion for the financial year ending September 2008. This is 120 per cent over the N94.88 billion recorded last year.

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Court Refuses Chevron Oil, Gas Oral Application Against Banks

... till December 4, 2008.The court, it would be recalled had restrained Union Bank of Nigeria Plc, Zenith Bank, Oceanic Bank Plc, Platinum Habib Bank Plc, First City Monument Bank Plc, Fidelity Bank Plc and Eco Bank Plc from getting involved in the process, following an ex-parte application by Zenon Petrolem and Gas LimitedAt the resumed hearing of the matter yesterday, counsel to Zenon, Mr....

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Investors Lose N343 Billion On NSE

... Bottling Company Plc, N3.88; PZ Cussons Nigeria Plc, N3.85; Benue Cement Company Plc, N3.70; Zenith Bank Plc, N3.27; Ashaka Cement Plc, N2.74; Afribank Nigeria Plc, N2.71; Northern Nigeria Flour Mills Plc, N2.59 among others.On the contrary, Costain (West Africa) Plc recorded the highest share price gain, rising by N1.68 to close at N15.68 per share, Lafarge Cement WAPCO Plc followed with...

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Investors Lose N279 Billion As Bears Tighten Grip on NSE

... Nigerian Breweries Plc- N2.05; Benue Cement Company Plc- N1.43; Lafarge Cement WAPCO Plc- N1.39; Zenith Bank Plc- N1.36; Ashaka Cement Plc- N1.30; First Bank of Nigeria Plc- N1.30; UAC Nigeria Plc- N1.10 among others.On the contrary, BOC Gases Plc recorded the highest share price gain, rising by N0.89 to close at N18.79 per share from N17.90 per share at which it opened, WAPIC Insurance...

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NMMA Awards - Fashola, Zenith, Intercontinental Banks Congratulate Independent Newspapers

... to realise its potentials and, as always, the media has a pivotal role to play going forward.Zenith Bank Head of Corporate Communication, Timeyin Ejoor, said he received the news with delight."The Dele Giwa Prize for the best Editor and the Newspaper of the Year conferred on Daily Independent are confirmation of your professional competence and commitment to the highest level of journalistic...

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N2.3 Billion Car Scandal - Bankole Survives Representatives

... hand, may have concluded plans to invite the Governor of Central Bank and the Managing Director of Zenith Bank, Saturday Vanguard learnt yesterday.The invitation of the bankers will be coming on the heels of an earlier allegation by Mr. Festus Keyamo that Peugeot Automobile Nigeria (PAN) was paid to supply 380 cars by the National Assembly with a Zenith Bank cheque, against claims...

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Nigeria: Man in Court for Attempting to Dupe Traditional Ruler

... Lagos State with intent to commit the crime. The fraud, according to the police, was committed at Zenith Bank Isolo branch between June 27 and 30, 2008. The suspect allegedly attempted to collect the money on a pretext that the bank draft was issued to him by the royal father, the owner of the account. It was further alleged that the accused person stole a Mercedes Benz Jeep ML320 model1998...

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Babalakin, Zenith Win Aviation Awards

... passengers' overall safety and comfort.The award for the Aviation Sector Bank of the Year went to Zenith Bank for its varied financial support and services for the aviation sector.The ceremony was the climax of the second annual Nigeria International Air Transport Conference and Exhibition (NIGAV) held at the Federal Airports Authority of Nigeria Training School in Lagos.Chairman of NIGAV...

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Nigeria: Car Saga - How We Issued N1.4 Billion Cheque - CBN

... that payments to Peugeot Automobile Nigeria (PAN) during the transactions were facilitated using Zenith Bank cheques.Chairman, House Committee on Privileges, Honourable Sanni Minjibir told reporters that the Committee will be winding up having heard from the apex bank and other parties linked with the controversy.According to Minjibir, the next stage of the Committee's assignment will be...

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Car Scam - Lawmakers Disown Umar Farouk

... that payments to Peugeot Automobile Nigeria (PAN) during the transactions was facilitated through Zenith Bank cheques.CBN Deputy Director Banking Services, Mr. Romanus Okafor who appeared before the committee yesterday said the apex bank issued three cheques namely a N700 million cheque (No- 00001770); N230million cheque (No- 00001805) and a N585.6million cheque (No- 0001832) for the three...

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Militants Abduct Clergy

... shout for help from an individual who introduced himself as Mr. Patrick Akorodu, a manager with Zenith Bank Omoku branch in Rivers State. He said he was a victim of the criminal gang that abducted the Lebanese national.Both men are in the safe custody of our men and are now en route tomorrow the drop off zone where they will be handed to contacts from the state security service."Meanwhile,...

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Nigeria: NSE Market Value Rises Further By N175 Billion

... per share, Nigerian Breweries followed with price gain of N1.97to close at N41.51 per share. Zenith Bank closed as the third on the list of top five gainers', recording appreciation of N1.29 to close at N27.14 per share, while First Bank and NBC chalked N1.22 and N1.19 to close at N25.70 and N37.99 per share respectively.On the other hand, 22 losers were recorded with Oando, yet leading...

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Stocks - Market Rebounds, Gains N136 Billion - as Bank PHB Earnings Hit N87.23 Billion

... with N4.07 to close at N85.60 per share, Nigerian Breweries N1.79 to close at N37.66 per share, Zenith Bank N1.11 to close at N24.83 per share and First Bank N1.00 to close at N24 per share.FTN Cocoa led other 36 quoted companies on the losers' table with a loss of N0.06 per share to close at N2.00 per share.Meanwhile, BankPHB audited result for the year ended June 30th shows a gross earnings...