Zenith Bank achieves 160% subscription in recapitalisation drive

By Sofiyyah Layole

Zenith Bank Plc has recorded an impressive 160 per cent subscription in its recently concluded recapitalisation exercise, marking a significant milestone in its growth and reaffirming investor confidence in the financial giant.

This was announced at the closing gong ceremony hosted by the NGX group, yesterday.

The successful recapitalisation, supported by the Nigerian Exchange Group (NGX) platform, underscores the bank’s resilience, innovation, and shared progress with its over 700,000 shareholders.

At the bank’s latest market close, Zenith’s shares traded at ₦68, reflecting strong investor sentiment and market confidence.

Recognised as Nigeria’s most profitable bank, Zenith Bank’s performance in the first half (H1) of 2025 further consolidated its position as a leader in the financial sector, offering the highest dividend payout in the industry.

Speaking on the development, the managing director, Adaora, described the recapitalisation as "a celebration of shared progress and endurance," adding that the funds raised will be strategically deployed to strengthen its operations and facilitate expansion into new markets.

As part of its growth plan, Zenith Bank revealed that it has started work on opening a branch in Paris and also planning to extend its footprint to Côte d’Ivoire, with long-term goals to establish presence in over 20 other African countries.

Tagged as "the investors’ delight," the bank called on more Nigerians and international investors to take advantage of its growing value proposition and solid track record of performance.

Zenith Bank’s recapitalisation success represents a strong show of investor trust and a reflection of the bank’s sustained commitment to excellence, innovation, and shareholder value creation.