001Ovia Exits Zenith: Bello New Chair, N10 Dividend Soars
At Zenith Bank's 35th AGM, founder Jim Ovia retired after 12 years as Chairman per CBN rules, paving way for Engr. Mustafa Bello, longest-serving Non-Executive Director and former Commerce Minister, as new Chairman. Shareholders approved N10 total dividend per share (N8.75 final + prior), totaling N410.69B. Bank reported record PBT N1.26T and PAT N1.04T for 2025, with 6% gross earnings growth to N4.19T, 9% deposit rise, and improved asset quality at 3.82% NPL. CEO Adaora Umeoji highlighted doubled dividends; shareholders praised performance and succession.
