Zenith Bank Opens Doors for Investors, this is exciting News as they Unveil a Massive N290bn Investment Plan
Zenith Bank is getting ready to raise a huge amount of money, N290 billion to be exact. They’re doing this by selling new shares to both current and new owners. This is because the Central Bank of Nigeria has said that all big banks in Nigeria need to have more money.
Zenith Bank wants to use this extra money to grow its business and do even better. People who already own shares in Zenith Bank will have the first chance to buy new shares. But the bank will also sell new shares to people who don’t own shares yet.
The bank plans to sell a total of 8 billion shares. The price for the shares will be around N36 each. This is a big deal for the bank and for investors.
Not only will current shareholders of Zenith Bank get a chance to buy more shares, but anyone can also buy shares in the bank. This is a big deal because it means that regular people can become part of the bank’s success story.
The bank’s CEO, Dr. Adaora Umeoji, is really excited about this. She said that they’ve already had a lot of interest from people who already own shares, and they can’t wait to welcome new owners too. Zenith Bank is already considered one of the best banks in Nigeria and even in the world, and they want to keep growing.
With the new money they raise, they plan to expand their business in Africa and other countries, improve their technology, and keep their operations running smoothly. It’s clear that Zenith Bank is aiming high and wants to share its success with everyone.
Dr. Adaora Umeoji is very confident that the share sale will be a huge success. She believes that Zenith Bank’s strong history of making money and rewarding shareholders will attract a lot of investors. She promised that Zenith Bank will continue to be the best when it comes to paying dividends to its owners.
The CEO also thanked the bank’s founder, Dr. Jim Ovia, for starting the bank and building it into a successful global business.
The partner bank helping Zenith Bank with the share sale, Stanbic IBTC Capital, also praised Zenith Bank for their hard work and commitment. They said they were happy to be part of this important project.
Ready to Invest in Zenith Bank? Here’s How!
The share offering starts on Thursday, August 1st, 2024, and closes on Monday, September 9th, 2024. There are several ways you can participate, making it easy for everyone to get involved.
Here are your options:
- Online Banking: You can apply through Zenith Bank’s online platforms – their website, mobile app, and corporate internet banking.
- Branch Visit: Apply in person at any Zenith Bank branch nationwide.
- NGX Invest Platform: This online platform allows investors and agents to submit applications electronically.
Zenith Bank highlights the convenience of its electronic channels, allowing you to “subscribe with the click of a button.” This approach makes investing more accessible for everyone.
