Proof of Brand Strength: Zenith Bank Raises Over N350 Billion Through Combined Offer Nume Ekeghe
Zenith Bank Plc has raised a total of N350.4 billion through its recently concluded hybrid
Rights Issue and Public Offer. In a statement released to the Nigerian Exchange (NGX) Group on Sunday, January 26, 2025, the Bank announced that
it has secured the full regulatory approval of the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) in respect of its recently
concluded Hybrid Offer, comprising of a Rights Issue of 5,232,748,964 Ordinary Shares of 50k each at N36.00 per share and Public Offer of 2,767,251,036
Ordinary Shares of 50k each at N36.50 per share. The Public Offer was 160.47% subscribed, with a total of 4,440,587,250 Ordinary Shares
allotted based on the terms of the Offer and the CBN’s Capital Verification Exercise. The Rights Continued on page 5
Wale Tinubu: Oando Has Over a Billion Barrels of Oil Reserves ... Page 66
Monday, Monday,January January27, 6, 2025 Vol 29. 30. No 10865. 10886. Price: N400
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Buhari: THISDAY is a National Monument, Institution Jonathan: It’s a Leading Voice in Nigerian Journalism Legendary singer, Diana Ross, arrives Lagos as awards hold today
Emmanuel Addeh in Abuja Former Presidents Muhammadu Buhari and Goodluck Jonathan,
yesterday added their voices to the horde of tributes that have poured in for THISDAY newspapers as it marks its 30th
anniversary on the newsstands. Buhari described the formation of THISDAY newspaper, now 30 since its
debut, as a national monument and one of the most notable landmarks in the growth and development of the press
in Nigeria, while Jonathan characterised the newspaper as a leading voice in the country's journalism.
Buhari, in a statement by his spokesman, Garba Shehu, noted Continued on page 5
DHQ: We Lost 22 Soldiers, Killed Over 70 Terrorists in Deadly Borno Clash
Military urges media to resist publishing names of casualties until families are formally notified
Linus Aleke in Abuja
The Nigerian military, yesterday, said troops of Operation Hadin Kai killed no fewer than 70 terrorists, including three notorious commanders, in a deadly encounter with the criminals in their fortified enclaves codenamed Timbuktu Triangle. It identified the commanders as Talha, terrorist special forces commander; Mallam Umar, terrorist operations commander; and Abu Yazeed, terrorist brigade commander. The military also announced the killing of 22 of its men during the encounter. A statement by Director, Defence Media Operations, Major General Edward Buba, appealed to the media to resist the temptation of publishing names of troop casualties to Continued on page 5
DECORATION OF EJIBUNU AS ACG...
L-R: The Comptroller General of Nigeria Customs Service (NCS), CG Bashir Adewale Adeniyi; Assistant Comptroller General, ACG Hussein Kehinde Ejibunu; his wife, Hajia Jumoke, and the Kogi State governor, Alhaji Ahmed Usman Ododo, at the decoration of Ejibunu as ACG, at the Customs Headquarters, Abuja…recently
Buhari: I Feed Now as Ex-President from Renting Out One of My Houses in Kaduna...
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