Jim Ovias Zenith Bank stake surged 38.8 million in nine days, driven by a 25.62 rally in the banks share price on the NGX.
Ovias 16.2 stake now exceeds 190 million, reinforcing his position as Nigerias richest banker and a titan in Africas financial sector.
Year-to-date, Zenith Bank stock is up 27.14, outperforming many emerging-market benchmarks and strengthening Ovias position in West Africas financial sector.
Jim Ovia, Nigerias richest banker and a leading figure in the countrys financial sector, has recently seen the value of his stake in Zenith Bank increase by 38.8 million. This gain comes as the banks shares have risen steadily on the Nigerian Exchange NGX, reflecting growing investor confidence in Zenith Banks performance.
Jim Ovia adds 38.8 million to holdingsOvia, who founded Zenith Bank and now serves as its chairman, owns 5.08 billion shares, equivalent to a 16.2-percent stake in the bank. Over the past nine trading days, the market value of his holdings has climbed by nearly N60 billion 38.8 million, a clear sign of growing investor confidence in the banks performance and future prospects.
Just weeks earlier, between May 5 and May 19, Ovias stake had already gained 4.62 million in value, rising from N238.64 billion 149.43 million to N246 billion 154.05 million. The steady gains reflect a broader sense of optimism among shareholders, who continue to see Zenith as one of Africas most reliable and resilient financial institutions.
Zenith Bank shares climb 25.62 in 9 daysJim Ovia, a prominent figure in Nigerias financial landscape, founded Zenith Bank in 1990 and steadily built it into one of the most successful banks in Africa. With a license from the Central Bank of Nigeria, Zenith has become a cornerstone of West Africas banking sector and remains one of the largest companies listed on the NGX.
In the past nine days, the banks stock has gained 25.62 percent, climbing from N46.05 0.0298 on June 17 to N57.850.0374. This surge has lifted Zenith Banks market value to nearly 1.5 billion, delivering strong returns for shareholdersincluding Ovia.
