Added to YB: 2026-09-16
Pitch date: 2026-09-13
ZENB.L [bullish]
Zenith Bank Plc
Author Info
No bio for this author
Company Info
Zenith Bank Plc provides banking and other financial services to corporate and individual customers in Nigeria, rest of Africa, and internationally.
Market Cap
NGN 5.1T
Pitch Price
N/A
Price Target
N/A
Dividend
7.98%
EV/EBITDA
N/A
P/E
4.94
EV/Sales
N/A
Sector
Banks
Category
value
The African Investment conundrum. – Zenith Bank Plc
ZENB.L (quick overview): Zenith Bank is a profitable Nigerian Tier-1 bank trading at 4.3x earnings and 0.92x book, with FY2025 net profit of $785M and interest income up 52%. Retained earnings of ₦2.81T already cover Nigeria’s ₦500B international-bank capital requirement, limiting dilution risk relative to peers. The bank is expanding trade finance and corporate hubs, including Manchester, and is targeting a full London equity dual listing by 2027.
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