Zenith Bank Plc will pay its founder and chairman, Jim Ovia, about N5.18 billion in interim dividends for the first half of 2025, making him one of the biggest beneficiaries of the bank’s latest payout to shareholders.....KINDLY READ THE FULL STORY HERE▶

The payment follows the bank’s declaration of an interim dividend of N1.20 per share for the six months ending June 30, 2025. The bank announced the dividend after releasing its half-year financial results, which showed strong performance despite economic challenges in Nigeria.

Ovia, who holds a significant stake in the bank through direct and indirect shareholdings, will receive the largest share of the dividend. His influence as the founder and long-time chairman has positioned him at the center of Zenith’s growth since its creation in 1990.

The interim dividend is expected to reward not only Ovia but also thousands of shareholders who have invested in Zenith Bank, one of Nigeria’s largest financial institutions. The total payout runs into billions of naira, underlining the bank’s profitability and its ability to return value to investors.

Zenith Bank has remained one of the most consistent dividend-paying companies in Nigeria. In recent years, it has gained a reputation for balancing growth with shareholder rewards. The N1.20 per share declared this half year compares to N1.00 per share declared in the same period of 2024, signaling improved earnings.

Financial analysts say the dividend announcement reflects the bank’s resilience amid high inflation, foreign exchange volatility, and regulatory pressures in the Nigerian banking industry. “Zenith has shown it can deliver profits even in tough conditions, and this interim dividend proves its stability,” said Lagos-based market analyst Adewale Johnson.

According to the bank’s financial statement, gross earnings for the first half of 2025 grew by double digits compared with last year. Profit before tax also rose, supported by stronger interest income, fees, and foreign exchange revaluation gains. The improved earnings allowed the board to recommend a higher interim dividend.

For Jim Ovia, the payout of about N5.18 billion adds to his fortune as one of Nigeria’s richest bankers. Ovia, often referred to as the “Godfather of Banking,” founded Zenith Bank 35 years ago and built it into one of Africa’s most respected financial brands. He is also a philanthropist and businessman with investments in real estate, telecommunications, and education.

Dividend payments like this are closely watched in Nigeria, where many investors rely on them as a steady source of income. With the naira under pressure and stock prices volatile, cash dividends are seen as a sign of confidence and reward for shareholders’ patience.

Zenith’s consistent payout also strengthens its image with international investors. The bank is listed on the Nigerian Exchange and has attracted foreign interest over the years due to its strong balance sheet and corporate governance practices.

Looking ahead, the bank said it will continue to focus on digital banking, expanding its regional presence, and supporting Nigeria’s economy. The final dividend for the 2025 financial year will be announced after the full-year results are published in early 2026, giving investors another chance to benefit.

For now, Jim Ovia’s N5.18 billion windfall stands as a reminder of the wealth that can flow from long-term investment and leadership in one of Nigeria’s most important industries.

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