Nigerian banker Jim Ovia has seen another bump in his fortune after his stake in Zenith Bank Plc, the countrys most profitable lender, gained 14.25 million in value. This follows a rally in the banks share price after it paid a 34.5 million interim dividend to shareholders last Friday .
Ovia holds 5.08 billion shares, which represent 16.2 percent of Zenith Bank, the institution he founded in 1990 and currently chairs. Over the past 26 days, the market value of his stake has risen by N20.84 billion 14.25 million, reflecting renewed investor interest in the stock.
Jim Ovia gains as Zenith Bank climbs