Nigerian banker Jim Ovia has gained 18.5 million from his stake in Zenith Bank since the start of 2026 as shares in the Lagos-based lender continue to climb on the Nigerian Exchange NGX. The gain comes as investors return to large, dividend-paying lenders, seeking predictable earnings in an economy still adjusting to currency reforms and inflation pressures.
Jim Ovia's stake rises as Zenith shares climb
Ovia owns 5.08 billion shares in Zenith Bank, representing a 16.2 percent stake in the lender he founded more than three decades ago. Since Jan. 1, the market value of that holding has increased by N26.43 billion 18.55 million, reflecting a steady rise in the banks share price and renewed confidence in its financial position as investors hunt down dividend-paying stocks.
