NGN/USD 1,540.20 ↓ 0.4% BRENT CRUDE $82.14 ↑ 1.2% NGX INDEX 99,240.50 ↑ 0.1% INFLATION 33.95% ↑ 1.8% MPR 26.25% stable
NGN/USD 1,540.20 ↓ 0.4% BRENT CRUDE $82.14 ↑ 1.2% NGX INDEX 99,240.50 ↑ 0.1% INFLATION 33.95% ↑ 1.8% MPR 26.25% stable

Lead Investigation

Zenith Bank directors pocket N6.8bn in 15 months

ZENITH BANK directors walked away with emoluments totalling N6.78 billion in 15 months, Economy Post has found. According to Zenith Bank’s first quarter (Q1) 2024 financial statement posted on the Nigerian Exchange Limited, the period covered the whole of 2023 and the first quarter (Q1) of 2024, totalling a period of 15 months. The directors […]

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Nov 30, 2023 post

Zenith Bank lends to insiders at 4% interest rate, but SMEs pay 27%

ZENITH Bank is granting loans to its directors and key management staff at an average interest rate of 4 percent, but small business owners pay as high as 27 percent to access credit facilities from the financial institution, Economy Post has found. This is happening at a point when the Nigerian economy is shrinking amid […]

Nov 23, 2023 post

Zenith Bank silent over rumoured death of kidnapped staff

ZENITH Bank has refused to clear the air on the rumoured death of a staff member at Suleja branch who died after a kidnap incident in Abuja. Reports said Austin Ilom was abducted three weeks ago, with kidnappers demanding N50 million. A woman named Oby, who claimed to be his friend, reportedly said Mr Ilom […]