Zenith Bank Emerges Nigeria’s Biggest Bank By Asset

Related stories

Ganduje: Why are they resigning?

By Bola Bolawole turnpot@gmail.com 0807 552 5533 (Published in my TREASURES...

OPEC Reports a Global Oil Production Decline in 2024

Global crude oil production declined by 1% last year,...

IMF Warns FG to Overhaul 2025 Budget to Prevent Economic Meltdown

By Abiola Olawale The International Monetary Fund (IMF) has issued...

2027: Peter Obi Vows, Says ADC Coalition ‘ll prioritize Nigerians’ Welfare

By Abiola Olawale The 2023 Presidential candidate of the Labour...

Tragedy! Liverpool Star Diogo Jota Dies in Car Crash in Spain

He was 28 years old By Abiola Olawale In a...

By Hamilton Nwosa (The New Diplomat’s Head, Polls & Data Tracking Desk)

A 34 per cent surge in its asset base in 2020, has lifted Zenith Bank Plc’s value from N6.347 trillion to N8.481 trillion in one year, its audited financial statements showed on Tuesday. This makes it Nigeria’s biggest bank by asset.

However, Zenith Bank could lose that position to its rival, Access Bank, when the latter’s own financial statements are issued any moment from now.

Access Bank executed no fewer than four major expansion deals on the continent last year, including acquisitions in Kenya, Zambia, Cameroun and Mozambique, which should catapult its asset estimate well beyond the N7.925 trillion reported in September 2020, and has lined up more of such transactions in eight other countries across Africa.

Hamilton Nwosa
Hamilton Nwosa
Hamilton Nwosa is an experienced, and committed communication, business, administrative, data and research specialist . His deep knowledge of the intersection between communication, business, data, and journalism are quite profound. His passion for professional excellence remains the guiding principle of his work, and in the course of his career spanning sectors such as administration, tourism, business management, communication and journalism, Hamilton has won key awards. He is a delightful writer, researcher and data analyst. He loves team-work, problem-solving, organizational management, communication strategy, and enjoys travelling. He can be reached at: hamilton_68@yahoo.com

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories

NDN
Latest News
Ganduje: Why are they resigning?OPEC Reports a Global Oil Production Decline in 2024IMF Warns FG to Overhaul 2025 Budget to Prevent Economic Meltdown2027: Peter Obi Vows, Says ADC Coalition 'll prioritize Nigerians’ WelfareTragedy! Liverpool Star Diogo Jota Dies in Car Crash in SpainFamily Announces Burial Date of Ex-Kwara Governor, Cornelius AdebayoSex Scandal: Baltasar Engonga, Ex-Equatorial Guinea Anti-Corruption Boss Bags 18 YearsFormer AGF Abubakar Malami Dumps APC, Joins ADCIt’s Another Big Brother Season Of DistractionsYou must marry me and my children, By Funke Egbemode[VIDEO] Drama as Burglar is Caught in Overnight Heist at FCMB Branch in Imo2027: Why Peter Obi Proposed a Single-Tenure to Atiku, David Mark, Others -Obidient Movt RevealsOkpebholo vs Asue Ighodalo: Anxieties as Supreme Court Reserves Judgment on Edo Governorship Election Case2027 Election Battle Rages as Gen David Mark Quits PDP, Leads Coalition Against TinubuOil Markets Refocus on OPEC as Iran-Israel Conflict Cools
X whatsapp