Zenith Bank Delivers Remarkable Tripple-Digit Growth in Gross Earnings as PBT Hits N1.0 Trillion in Q3 2024
Nume Ekeghe
Zenith Bank Plc has announced its unaudited results for the third quarter ended 30 September 2024, recording
a remarkable triple-digit growth of 118% from N1.33 trillion reported in Q3 2023 to N2.9 trillion in Q3 2024. This performance underscores the Group’s resilience and market
leadership in spite of the challenging macroeconomic environment. According to the Bank's unaudited third quarter financial results presented to the Nigerian Exchange
(NGX), the triple-digit growth in the topline also led to an increase in the bottom line, as the Group recorded a 99% Year on Year (YoY) increase in profit before tax, growing from N505
billion in Q3 2023 to N1.0 trillion in Q3 2024. Profit after tax equally grew by 91% from N434.2 billion to N827 billion in the same period. The growth in the topline was
driven by the expansion of both interest income and non-interest income. Interest income saw a Continued on page 5
NLC Threatens Indefinite Strike over Court's Seizure Order on Rivers Allocations...
Page 5
Friday, November 1, 2024 Vol 29. No 10796. Price: N400
www.thisdaylive.com TR
UT H
& RE A S O
N
Shettima: Decentralisation of Electricity Will End National Grid Collapse...
Page 8
For Broader Consultation, NEC Advises Tinubu to Withdraw Tax Reform Bills FG assures 19 Northern govs, insists proposed reforms will benefit all states
Deji Elumoye and Olawale Ajimotokan in Abuja
The National Economic Council (NEC) yesterday rose from its monthly meeting at the State
House, Abuja recommending to President Bola Tinubu the need to withdraw the current tax
reform bills before the National Assembly. The body stated that this is
in order to pave way for more stakeholders. comprehensive consultation and Continued on page 5 consensus building among key
36 Govs Back Dangote Refinery, Edun Counts Gains of Crude-for-Naira Sale States say no to importation of PMS, support local fuel production Edun reveals new policy to mop up dollars into financial system Dangote refinery: We've not received payments from IPMAN
Deji Elumoye, Ndubuisi Francis, Emmanuel Addeh, Chuks Okocha and Sunday Aborisade in Abuja Governors of the 36 states of the federation, yesterday, opposed further importation of Premium Motor Spirit (PMS) by any marketer, otherwise known as petrol, saying it would work against the newly established Dangote Refinery. The governors, in a communiqué after their meeting, said Dangote Refinery had potential for several positive multiplier effects on the economy, including job creation. They also urged the federal government to intensify efforts to repair the Kaduna, Port Harcourt and Warri refineries, even as the Minister of Finance and Coordinating Minister of Continued on page 5
NEC MEETING...
L-R: Ogun State Governor, Dapo Abiodun; Deputy Governor of Niger State, Yakubu Garba; Deputy Governor of Nasarawa State, Dr. Emmanuel Agbadu Akabe; and Governor Babajide Sanwo-Olu of GODWIN OMOIGUI Lagos State, at the National Economic Council meeting held at the Council Chambers of the Presidential Villa, Abuja…yesterday