
Zenith Bank







The Nigerian stock market closed higher on Thursday, gaining over N270bn as the ASI rose 0.31%, while Unity Bank shares crashed to a 52-week low.

Commercial banks have increased their deposits with the Central Bank of Nigeria (CBN) via the Standing Deposit Facility (SDF) after interest rate cuts by CBN.

The governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has confirmed that 14 Nigerian banks have fully met the recapitalisation target.

Nigerian banks UBA and Zenith reported strong half-year 2025 results, with growth in earnings, profits, deposits, assets, shareholder funds, dividend.

The Nigerian stock market continued its strong performance as Guinness Nigeria, Eunisell, and others gained, with Access Holdings leading active trades.

About 12 Nigerian banks have successfully scaled the recapitalisation hurdle set by the Central Bank of Nigeria (CBN) ahead of the March 31, 2026, deadline.

The Central Bank of Nigeria recapitalisation deadline is looming and several Nigerian banks are racing against time to meet the requirements to keep their license.

Nigerian stocks gained 0.41% Wednesday as ASI hit 140,365.36 points; Berger Paints, Chellarams, FTN Cocoa led gainers, while May & Baker topped losers.

Zenith Bank Plc, Nigeria’s second-largest lender, has planned aggressive African expansion starting with Ivory Coast and Cameroon, after raising N350.5 billion.
Zenith Bank
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