Zenith Bank Delights Shareholders with Dividend Payout of N195.67 Billion, Promises Quantum Leap in Future Dividends Shareholders of Zenith Bank Plc, at the 34th Annual General Meeting (AGM) held at the Civic Centre, Victoria Island, Lagos, on Tuesday, April 29, 2025, approved the proposed final dividend payment
of NGN4.00 per share, bringing the total dividend for the 2024 financial year to NGN5.00 per share, with a total value of NGN195.67 billion. The Founder and Chairman of Zenith Bank Plc, Jim Ovia,
CFR, thanked the shareholders for their unflinching support and commitment, which have been responsible for the bank’s stellar performance over the years. He noted that despite challenges globally
in 2024, Zenith Bank was able to leverage the opportunities within the environment of each subsidiary to record a performance that solidly attests to the bank’s resilience as a brand.
The Group Managing Director/ Chief Executive Officer, Dame Dr. Adaora Umeoji, OON, expressed her appreciation to the shareholders for their commitment and support, promising quantum leap in dividends
going forward. According to her, “This is the first time that I am addressing the Annual General Meeting (AGM) in my capacity as the first Continued on page 9
MAN Kicks against Re-introduction of 4% Free-on-Board Levy... Page 6 Wednesday 30 April, 2025 Vol 30. No 10979. Price: N400
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NNPCL Sacks Bala Wunti, Other Top Officials 27 Days after Kyari’s Exit Emmanuel Addeh in Abuja
The Nigerian National Petroleum Company Limited (NNPC) has
sacked top officials of the national oil company, about 27 days after the exit of its erstwhile Group Chief Executive Officer, Mr Mele Kyari.
However, it was learnt that several other lower and middle class staff were also affected by the restructuring drive, which was first reported by
an online newspaper yesterday. Top among those departing immediately are the Chief Upstream Investment Officer, NNPC Upstream
Investment Services (NUIMS), Bala Wunti. NUIMS is the investment management arm of the NNPC. It
manages the Nigerian government’s investments in the upstream sector Continued on page 9
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Discloses Atiku leaving PDP soon, uncertainty surrounding coalition Says Saraki lacks moral right to criticise him, insists defection not connected to EFCC case Opposition party to challenge defection, directs national legal adviser to file processes Refers secretaryship tussle to NEC Story on page 9
34TH ANNUAL GENERAL MEETING OF ZENITH BANK...
L-R: Executive Director, Mr. Adamu Lawani; Executive Director, Mr. Akin Ogunranti; Group Managing Director/Chief Executive Officer, Dame (Dr.) Adaora Umeoji, OON; Founder and Chairman of Zenith Bank Plc, Jim Ovia, CFR; Executive Director, Mrs. Adobi Nwapa; Executive Director, Mr. Henry Oroh; and Executive Director, Mr. Louis Odom, during the 34th Annual General Meeting of Zenith Bank Plc held at The Civic Centre, Victoria Island, Lagos, yesterday