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    Wednesday, July 29

    Zenith Bank Edges Higher to N1.5 Trillion in Market Value

    Julius AlagbeBy Updated: MarketNews No Comments1 Min Read
    Zenith Bank Edges Higher to N1.5 Trillion in Market Value

    Zenith Bank Edges Higher to N1.5 Trillion in Market Value

    The equities market value of Zenith Bank Plc on the Nigerian Exchange (NGX) edged higher to N1.510 trillion as the financial services stock continues to attract investors’ attention ahead of the fourth quarter earnings release.

    The bank share price rose to N48.1 ahead of its earnings, racing near its 52-week high on the Nigerian Exchange. The banking giant’s share price had surged to N50 recently, its best in the last 12 months.

    Market analysts anticipated Zenith Bank earnings to remain strong in 2024 after a strong performance show in the third quarter of 2024.

    ZENITHBANK delivered impressive top- and bottom-line growth in the period, propelled by increases across the bank’s funded and non-funded income lines. Over the rest of the year, analysts at Cordros Capital Limited upgraded their target price by 14.8% to N60.06/s and maintained a “BUY” rating.

    Market analysts rated Zenith Bank as one of the financial institutions to watch for in 2025 with a positive outlook before and after the recapitalisation exercise. #Zenith Bank Edges Higher to N1.5 Trillion in Market Value Nigeria, Angola Inflation Highest in Frontier Markets -Report

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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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