Nigeria’s leading financial institution, Zenith Bank Plc, is set to pay out a staggering ₦5.18 billion in dividends to its founder and chairman, Jim Ovia, following the bank’s recently declared final dividend for the 2024 financial year.
According to the company’s financial report, Zenith Bank approved a dividend payout of ₦4.00 per share, rewarding shareholders for another year of strong performance. With Jim Ovia holding a significant stake in the bank, his share of the declared dividend amounts to an impressive ₦5.18 billion, solidifying his position as one of the wealthiest bankers and private investors in Nigeria.
This development further highlights Zenith Bank’s consistency in delivering value to its investors despite Nigeria’s challenging economic climate. The bank has continued to maintain strong profitability, efficient cost management, and a robust capital base — factors that have kept it among the most trusted financial institutions in the country.
Market analysts say the huge dividend payout reflects Zenith Bank’s resilience in navigating currency volatility, inflation, and regulatory changes while maintaining investor confidence.
Jim Ovia, who founded Zenith Bank in 1990, has grown the institution into one of Africa’s largest banks by assets and market capitalization. His latest earnings from dividends reinforce his status as one of Nigeria’s most successful entrepreneurs and a key figure in the nation’s banking sector.
Zenith Bank’s shareholders, meanwhile, are also set to benefit from the bank’s strong year-end performance, as the board continues its tradition of rewarding investors handsomely.
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