Zenith Bank Plc has once again proven why it’s one of Nigeria’s most trusted financial institutions. At its 34th Annual General Meeting (AGM) held on April 29, 2025, the bank delighted shareholders by approving a final dividend of N4.00 per share, bringing the total dividend for the 2024 financial year to N5.00 per share — a whopping total payout of N195.67 billion.
Jim Ovia
Chairman and Founder of Zenith Bank, Jim Ovia CFR, appreciated shareholders for their unwavering support over the years, noting that the bank’s resilience and innovation helped it thrive despite global economic challenges in 2024.
Dame Dr. Adaora Umeoji OON, the bank’s Group Managing Director and CEO, and the first female to hold the position, expressed deep gratitude to shareholders for the trust placed in her leadership. She assured them of even greater dividends in the future, stating that Zenith Bank is on a mission to exceed expectations with its strong governance, capital base, and growth strategies.
Highlighting the bank’s recent achievements, Dr. Umeoji shared that Zenith successfully completed a recapitalization exercise with a 160% subscription rate, giving the bank a strong capital buffer and eliminating any immediate need to raise further funds.
Shareholders were full of praise for the bank’s consistent performance. Many described Zenith Bank as a top investment choice, pointing out its steady dividend payouts and robust financial results. In 2024, the bank recorded a 138% rise in interest income and a gross earnings jump from N2.13 trillion to N3.97 trillion. Customer deposits also rose by 45%, reflecting increased trust from the market.
Zenith Bank’s impressive record continues to earn it top accolades, including being ranked Nigeria’s Number One Bank by Tier-1 Capital for the 15th consecutive year by The Banker magazine.
With a strong foundation and visionary leadership, the financial institution is clearly on track to deliver even greater value to its shareholders.
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