Zenith Bank began a new chapter when it rang the Closing Gong at the Nigerian Exchange (NGX), marking a major milestone.
The oversubscribed public offer added ₦350.46 billion to its capital, raising the total base to ₦614.65 billion.
This comfortably exceeded the ₦500 billion regulatory threshold for banks with international authorisation and reflected strong investor confidence.
Zenith Bank: Innovation And Inclusion
Director-General of the Securities and Exchange Commission (SEC), Emomotimi Agama, praised the success: “Transparency and sound fundamentals mobilise capital efficiently.”
Group Managing Director and CEO Adaora Umeoji highlighted innovation: “NGX Invest broadened access, simplified participation, and allowed more investors to join this journey.
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This achievement lays a foundation for sustainable growth.”
Investor Confidence
Founder and Chairman Jim Ovia thanked investors, describing the raise as “a vote of confidence in Zenith Bank’s legacy and future trajectory.”
NGX Group leadership also celebrated.
Group Chairman Umaru Kwairanga called it “a win for our capital markets,” while CEO Temi Popoola credited collaboration and innovation for the oversubscription.
The Gong rang, signalling Zenith Bank’s new chapter—defined by strengthened capacity, innovation, and renewed investor confidence.
