Nigerian Banks' Major Shareholders to Receive N9.3 Billion Dividends

Nigerian banks such as Zenith Bank, UBA, GTCo, and Stanbic IBTC are paying out a total of N9.3 billion in dividends to their major shareholders. Jim Ovia of Zenith Bank leads with N7.25 billion, followed by Toni Elumelu of UBA with N1.3 billion.

Despite challenges in the banking sector, Zenith Bank announced a 64% increase in dividends compared to the previous year. This move reflects efforts to sustain shareholder returns amidst Nigeria's evolving economic landscape.