Zenith Bank News

Jim Ovia, Founder, Zenith Bank. Credit: guardian.ng

Nigerian Banker Jim Ovia Gains $84 Million In One Year As Zenith Bank Shares Soar

Nigerian banker Jim Ovia has made at least $84.5 million in paper gains over the last one year as shares of Zenith Bank, a Nigerian-Stock Exchange-listed commercial bank in which he holds a minority stake, surged 59.32%.

Adesola Adeduntan, CEO, First Bank

Nigeria banks trying to stabilize 9mobile ahead of sale, FBN says

Nigerian lenders will try to stabilise the business of 9mobile, the country’s fourth largest telecoms group, until they can find new investors.

Africa's banker of tomorrow

Armed with fintech and fueled by data: Africa's banker of tomorrow

Markets in Shanghai closed up today on news that the Chinese bullet train manufacturer Fujian Corp won the contract to connect Casablanca to Abidjan.

Jim Ovia, Founder of Visafone and Founder of Zenith Bank

MTN acquires Jim Ovia's Visafone in bid to boost broadband offering in Nigeria

South Africa-based MTN, Africa’s largest mobile phone operator by number of subscribers, on Thursday confirmed it has acquired Nigerian wireless network provider Visafone after months of negotiation.

South Africa's MTN is the most admired brand in Africa

MTN, Samsung and Coca-Cola top list of most admired brands in Africa

Brand Africa has announced that MTN is the overall best brand in Africa and reclaimed the #1 spot as the Most Admired Brand in Africa at a gala launch of the 4th Annual Brand Africa 100: Africa’s Best Brands at Sandton Convention Center.

Nigerian Stock Exchange launches Premium Board

Nigerian Stock Exchange launches Premium Board

The Nigerian Stock Exchange (NSE) announced last week Tuesday the launch of a new equity listing platform, the Premium Board, and the associated Premium Board Index.

Market Vectors Africa Index ETF (AFK)

Invest In Africa's Growth Through The Market Vectors Africa Index ETF

The Market Vectors Africa Index ETF is the simplest and most efficient solution for investors to gain exposure to Africa’s economic growth. The fund has experienced a sharp drop in price since 2014, which is not at all correlated to the financial earnings of the fund’s major holdings.

Albert Essien, CEO, Ecobank Group

Ecobank's comeback on course

Ecobank Transnational (ETI) had a strong first quarter, despite last year’s corporate governance issues that gained much media attention and culminated in the dismissal of key board members.

Jim Ovia, Founder, Visafone

Nigerian business tycoon Jim Ovia to sell Visafone to South Africa's MTN

Africa’s largest telecoms operator MTN Group is in talks to buy Nigeria’s Visafone Communications to solidify its grip in the South African firm’s most important market, sources familiar with the discussions said on Friday.

Cobus Visagie looks to pass the ball during Springbok training in Cape Town in 2001. Source: Touchline Photo/ALLSPORT/Getty Images

Big-tackling ex-Springbok rugby player Cobus Visagie starts Africa fund

Cobus Visagie recalls making 18 tackles the day South Africa’s national rugby team kicked its way into the World Cup record books to defeat England.

The Nigerian Stock Exchange's website home page

Boots on the Ground: Investing in Nigeria

I had initially planned to visit Nigeria in December, but postponed my trip until February due to concerns about Ebola. On my way to San Francisco International Airport, I contemplated the wisdom of my decision, having substituted greater political risk in light of the February 14th elections, for Ebola risk.

Africa Market Data

Bargain Hunters Pounce as Nigeria Stocks Rise for Eighth Day

Nigeria’s stocks rose in the longest winning streak since July 2013 as investors bought shares they deemed oversold following declines spurred by concern lower oil prices and elections will hurt the economy.

A shopper peruses the grocery aisles at the South Africa–based Shoprite in the three-year-old Ikeja City Mall. Photo credit: nationalgeographic.com

Global X MSCI Nigeria ETF: Speculative multi-year play approaching attractive valuation

The bet is a very long-term (multi-year) play on: (1) Earnings growth; and (2) Increased multiples assigned to equities by market participants as Nigeria’s markets mature.

Mark Mobius, Executive Chairman of the Templeton Emerging Markets Group, Franklin Templeton Investments

Why Africa is the next emerging markets success story: Mark Mobius, Executive Chairman of the Templeton Emerging Markets Group

Emerging markets super-bull Mark Mobius has his sights set on a new region: Africa.

Cadbury

The 20 most valuable companies in Nigeria

Discover the 20 most valuable companies in Nigeria.

Stanbic IBTC

Is there hidden value in Nigeria's Stanbic IBTC?

Stanbic IBTC is Nigeria’s best-performing bank stock. Its share price has climbed 40.5% this year and 55.4% over the past twelve months. Is it nearing the end of its run? Or is the market offering investors a discount to the bank’s real worth?

Goodluck Jonathan, President of Nigeria

Nigeria's Power Industry Bailout Heads Off Threat to Lenders

Nigeria has headed off a threat to its banking industry by propping up struggling power companies with an intervention fund, said analysts including Pabina Yinkere of Vetiva Capital Management Ltd.

Jim Ovia, Chairman, Zenith Bank

Multi-millionaire Nigerian banker Jim Ovia becomes Chairman of Zenith Bank

Nigerian multi-millionaire banker Jim Ovia has been appointed the chairman of Zenith Bank, the commercial bank he co-founded more than two decades ago.

Nigeria's Central Bank

Nigeria's central bank to hold rates at 12 percent as new chief eyes inflation and currency risk

Nigeria’s central bank will leave interest rates unchanged for the 17th time in a row next week as it tries to balance controlling inflation and supporting the naira currency with fostering growth, a Reuters poll found.

Colin Coleman, Head, Investment, Banking Sub-Saharan Africa, Goldman Sachs International

Macro-economic stability has improved dramatically in Africa: Colin Coleman, Head, Investment Banking, Sub-Saharan Africa, Goldman Sachs International (Video)

Colin Coleman, Head of Investment Banking for Sub-Saharan Africa at Goldman Sachs International, says macro-economic stability has improved dramatically in Africa and discusses capital markets on the continent.

Citibank, Nigeria

Foreign investors shrug off Nigeria risks: Omar Hafeez, Head, Citigroup Nigeria

Worsening security in Nigeria has not deterred foreign investors from buying its assets, Citigroup’s country head said on Wednesday, citing $1.1 billion worth of Eurobonds it had traded for three local lenders so far this year.

Michael Levy, Manager of the Baring Frontier Markets Fund, Baring Asset Management

Africa’s economic lions poised for growth

Nigeria and Kenya should outperform their frontier market peers because of strong economic fundamentals and attractive valuations, managers have said.

Nigerian Stock Exchange (NSE) All-Share Index (ASI)

The Nigerian Stock Exchange flies with help from MSCI

Nigeria is receiving a large influx in foreign portfolio flows in spite of investors’ unease following the terror campaign of Boko Haram, after a closely-tracked index provider increased significantly the weighing of Africa’s largest economy.

Nigerian Naira

Nigerian economy leads frontier market opportunities

Companies such as Guaranty Trust Bank, Zenith Bank, and Nigerian Breweries have put Nigeria at the forefront of frontier market opportunities, according to Baring Asset Management.

Larry Seruma, Managing Principal & Chief Investment Officer, Nile Capital Management

Main street invests in Africa’s stocks: Nile Fund’s Larry Seruma on the continent’s modernizing equity markets

Getting in on Africa’s economic boom is no longer reserved for CEOs or million dollar entrepreneurs.

Godwin Emefiele, Governor, Central Bank of Nigeria (CBN)

Nigeria's New Central Bank Governor, Godwin Emefiele, Seeks Stable Naira & Rate Cuts

Nigerian central bank Governor Godwin Emefiele pledged to maintain stability in the currency and signaled policy makers may begin cutting interest rates.