Zenith Bank has disclosed that its Employees Provident Fund, which is made up of wage contributions from workers, just lately purchased 33,015,935 models of the bank’s shares price about N2.3 billion.
The disclosure was contained in a director dealing discover filed with the Nigerian Trade on eleventh November 2025 and signed by the corporate secretary, Michael Osilama Otu.
In response to the submitting, the acquisition was carried out in 9 tranches at a mean value of N69.67 per share beneath transaction ID 029200268F8M5Y1629, executed over three buying and selling days on September 26, 29, and 30 on the NGX in Lagos.
On November 7, 2025, the fund cashed out 1,750,000 models at N59.98 per share, totaling N104.97 million, prone to meet worker profit obligations.
The September buy illustrates how establishments can develop employees funds by means of strategic investments within the equities market.
For the 9 months ended September 30, 2025, Zenith Bank spent N182 billion on personnel bills, up from N150.6 billion in the identical interval the earlier yr.
Efficiency
Aside from rising personnel prices, different working bills additionally elevated, reaching N532.1 billion, up 12.74% for the nine-month interval. These larger bills weighed on pretax revenue regardless of sturdy top-line progress.
On the income facet, curiosity revenue noticed a pointy rise, rising 40.7% to N2.74 trillion, in contrast with N1.94 trillion in the identical interval of 2024. This progress was largely pushed by:
- Curiosity revenue on loans and advances: N1.36 trillion
- Curiosity revenue from funding securities, together with treasury payments: N740.5 billion from treasury payments and N400.3 billion from different funding securities
Regardless of complete bills of N814.2 billion throughout the interval, web curiosity revenue nonetheless rose to N1.92 trillion, up from N1.2 trillion within the prior interval.
After accounting for an impairment cost of N781.5 billion, web revenue stood at N1.14 trillion, up 42.63%, earlier than operational bills tempered the general impression on profitability.
- Pre-tax revenue lowered to N917.4 billion in comparison with N1 trillion in 2024.
Stability sheet
Zenith Bank’s complete belongings rose by 2.6% to N31.17 trillion, supported by progress in a number of key areas.
- Money and bank balances elevated to N6.85 trillion from N5.37 trillion within the earlier yr, whereas loans and advances grew to N9.37 trillion.
- Funding securities rose 2% to N4.85 trillion, and treasury payments jumped 46% to N4.1 trillion, reflecting a continued concentrate on liquidity administration.
On the liabilities facet, customer deposits drove progress, rising 9.8% to N23.68 trillion.
Zenith Bank shares have carried out effectively, gaining over 30% year-to-date on the Nigerian Trade and at the moment buying and selling at N59.40.