Lagos, Nigeria – Zenith Bank Plc, the heavyweight champion for Tier-1 Capital inside Nigeria, don come reassure im shareholders and investors say dem ready to satisfy all conditions wey go make dem waka comot for Central Bank of Nigeria (CBN) regulatory forbearance by June 30, 2025. Na from this statement wey dem drop for Nigeria Exchange (NGX) on June 17, 2025, wey clear say dem dey bold and no wahala dey ground for their dividend plans come 2025 financial year. (E be like say dem don carry confidence like say dem dey drink palm wine!)
Dem statement come as many people dey scrutinize the health of Nigerian banks, especially after CBN drop new rule wey block dividends and tighten oversight for banks wey still dey carry unfulfilled forbearance loans or dey break the Single Obligor Limit (SOL). Zenith Bank talk say their issue wey concern SOL na just for one person wey dem dey owe, and dem go fix am before June 30, 2025, no shaking at all. (No be only dem dey hustle, other banks dey try follow for this forbearance matter too.)
Zenith Bank try calm the market fears as investors dey look the impact of CBN new rules wey don begin affect stock prices for NGX. Their confidence say dem go meet all regulatory requirements come dis June don help give market some small assurance. We fit dey close mouth for the sake of speculation, but e no mean say we no sabi wetin we dey talk.
The bank also drop beta news say dem don raise and pass the new capital requirement of N500 billion wey CBN don set for banks. This na good news for anybody wey dey feel jittery about their dividend goody. Dem still clear say the forbearance wey dem get na only for two customers, so dem fit declare say dem don keep adequate provisions for these loans and dey work to ensure everything don set before end of the first half of 2025. (Na real serious work dem dey do o, as this matter no be joke!)
On top all dis, Zenith Bank dey bask in glory like king for the Nigerian financial sector. Dem don gather awards like say dem dey collect biscuits every week, including being the Number One Bank in Nigeria for Tier-1 Capital for fifteen years straight! (Chai, that kind achievement fit make your head swell!) Dem also shine bright for digital space with fresh solutions wey dey make banking smooth like chilled ogogoro. E no wonder say dem dey collect accolades from everywhere, including Best Bank for Digital Solutions and most sustainable bank. Na wetin dem dey achieve as dem dey work to keep foundation strong.
Zenith Bank dey assure their shareholders say dem go fit meet dem dividend expectations as everything dey align. Di bank wan fully exit all these CBN forbearance wahala before June 30, 2025. E go make sense for shareholders and dem customers wey dey look up to dem for positive news. (At least na wetin dem dey toast to with their palm wine anyhow!)
As we dey watch this drama unfold, make we no forget say compliance no be tea matter, but with the pace wey Zenith Bank dey carry enter now, e fit be say dem dey on track to make better waves come 2025. We go keep our ears on the ground for more updates as this matter dey develop!
