Zenith Bank Delivers Strong Q1 2023 Results with Exceptional 41% Gross Earnings’ Growth Kayode Tokede Zenith Bank Plc has announced its unaudited results for the first quarter (Q1) ending 31st
March 2023, with an exceptional double-digit growth of 41 per cent in gross earnings, increasing from N191.5 billion in Q1 2022, to N270 billion in Q1 2023.
The unaudited statement of account submitted to the Nigerian Exchange (NGX) yesterday, indicated that the significant double-digit growth
in the topline also boosted the bottom line, with the Group experiencing an impressive 27 per cent year-on-year (YoY) increase in Profit Before Tax
(PBT), which rose from N68 billion in Q1 2022, to N86.6 billion in Q1 2023. It also showed that Zenith Bank's Profit After Tax (PAT)
grew by 13 per cent, from N58.2 billion to N66 billion during the same period. Continued on page 10
Adamu Summons APC NWC Meeting to Douse Infighting... Page 10 Saturday 29 April, 2023 Vol 28. No 10244
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MIKE ADENUGA:
The First 70 Years Zainab Ahmed: FG Will Still Remove Subsidy Cover: Pages 33 to 42
Says June commencement date sacrosanct Insists the only amendment is enlargement of subsidy removal committee Ndubuisi Francis in Abuja The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed yesterday declared that the federal government had not suspended the planned removal of Petroleum subsidy from next June as reported yesterday, but would instead expand the
subsidy removal committee to include teams from the incoming administration and the state governors. The minister had last Thursday, shortly after the valedictory meeting of the National Economic Council, presided over by Vice President Continued on page 10
FG Deploys NAF C-130H to THE BATON… Evacuate Nigerians in Sudan...Page 83 PASSING President Muhammadu Buhari with President-elect, Bola Tinubu at the State House Mosque, Abuja, during Juma’at prayer... yesterday.
GODWIN OMOIGUI