Business
Zenith Bank Delivers Outstanding 2025 Half Year Financial Results Under Adaora Umeoji’s Leadership
Zenith Bank Plc has once again proven why it stands tall as one of Africa’s most resilient financial institutions.
The bank’s half-year 2025 results, released this week, are not just a story of numbers—they are a story of bold leadership, decisive strategy, and a clear vision under the stewardship of its Group Managing Director/CEO, Dame Dr. Adaora Umeoji, OON.
Despite writing off a staggering ₦760 billion in bad loans as part of the industry-wide CBN forbearance regime exit, Zenith still posted a solid ₦532 billion profit after tax.
For shareholders, this translated into smiles: the Board approved an interim dividend of ₦1.25 per share, a 25% increase from the ₦1.00 paid in H1 2024.
Headline Numbers at a Glance
Gross earnings surged 20% YoY to ₦2.52 trillion (H1 2025 vs. ₦2.1 trillion H1 2024).
Interest income jumped 60% YoY to ₦1.84 trillion, powered by higher yields and strong loan book performance.
Net interest income nearly doubled, up 89% YoY to ₦1.35 trillion.
Customer deposits climbed to ₦23.5 trillion (₦22 trillion Dec 2024), with savings deposits (₦8.8 trillion) now overtaking current accounts (₦8.7 trillion) for the first time.
Total assets stood firm at ₦31 trillion, up from ₦30 trillion in Dec 2024.
Capital adequacy ratio (CAR) at a robust 26%, far above regulatory thresholds.
NPL ratio improved to 3.1% (vs. 4.7% in Dec 2024), showing stronger asset quality.
Even after a heavy one-off loan provision, Zenith maintained a return on average equity (ROAE) of 24.8%—a testament to efficiency and resilience.
Adaora’s Decisive Leadership
What stands out in this result season is not just the numbers but the leadership behind them.
Adaora Umeoji has shown that banking leadership in Nigeria can be bold, disciplined, and visionary all at once. Instead of chasing flashy profit headlines, her team took the harder route—“biting the bullet” with ₦760bn provisions to clean up the loan book and build a stronger foundation for the future.
This decision signals clarity of purpose: protect the balance sheet today, unlock greater growth tomorrow. In her own words:
> “Our H1 2025 performance reaffirms the strength and resilience of the Zenith brand. In the face of elevated provisioning, our total asset quality has recorded a marked improvement while our balance sheet remains strong, liquid and well positioned to capture emerging opportunities.”
Adaora’s leadership has also emphasized sustainability, gender parity, and digital transformation.
Under her watch, Zenith is not just chasing profits—it is positioning itself as a future-ready institution, committed to SMEs, women entrepreneurs, and environmentally responsible banking.
Why It Matters
For investors, these results are both reassuring and exciting. Interim dividends are higher, capital buffers are stronger, and the path to sustained growth in 2H 2025 is clear. Zenith’s fortress balance sheet, coupled with a bold leadership style, ensures that the bank remains a bellwether for the Nigerian and African financial system.
As the recapitalization race continues in Nigeria’s banking industry, Zenith already sits comfortably above the ₦500bn capital requirement, with shareholders’ funds at ₦4.57 trillion. This further reinforces its reputation as a safe haven for investors.
Conclusion
Zenith Bank’s H1 2025 results are not just a financial scorecard—they are a leadership case study. Under Adaora Umeoji’s stewardship, Zenith has shown that true leadership means facing challenges head-on, taking the tough decisions, and still delivering value to shareholders.
The numbers are impressive. The dividends are attractive. But the story behind it all—the story of bold, visionary leadership—is what will sustain Zenith Bank’s dominance in the years to come.
Business
Boris Johnson Says He Feels “Perfectly Safe” in Nigeria, Praises Imo State’s Progress
Former British Prime Minister Boris Johnson has expressed confidence in Nigeria’s security, saying he feels perfectly safe during his visit to the country. His remarks come amid ongoing reports of insecurity in various parts of Nigeria, making his statement a notable endorsement of the nation’s stability in certain regions.
Johnson made the declaration on Thursday, December 4, 2025, while addressing participants at the Imo State Economic Summit 2025 in Owerri, the state capital. He acknowledged having read travel advisories and news reports highlighting security concerns prior to his trip but said his experience has been reassuring.
He said he feels perfectly safe in the country and emphasized that the summit environment and local hospitality contributed to his sense of security. He also asked the audience if they felt safe, receiving an enthusiastic affirmation.
During his visit, Johnson commended Governor Hope Uzodimma and the Imo State Government for their development initiatives, particularly efforts to provide 24-hour electricity. He highlighted the potential of Nigeria as a hub for innovation and economic growth, noting the opportunities presented by emerging technologies such as artificial intelligence.
While his statements have been welcomed by some as a boost to international confidence in Nigeria, analysts caution that the former prime minister’s experience reflects only a controlled and secure environment within Imo State. Several parts of the country continue to face challenges, including banditry, communal conflicts, and kidnappings.
Nonetheless, Johnson’s visit and remarks are significant, sending a positive message to investors and global observers about Nigeria’s potential for stability and progress. They also underscore the contrast between localized experiences of safety and broader security challenges across the country.
Business
Dangote to Uzodimma: Just show me where to invest
By Emmanuel Iheaka, OWERRI
The President of Dangote Group, Aliko Dangote has assured Governor Hope Uzodimma of Imo State that his group will be one of the biggest investors in the state.
Dangote gave the assurance at the opening session of the Imo Economic Summit 2025 in Owerri on Thursday.
The renowned Africa’s industrialist urged Uzodimma to indicate his preferred area of investment and forget the rest.
Dangote described the Imo governor as a personal friend of decades and commended him for providing enabling environment for investment.
“We will be one of your biggest investors in Imo. So, please tell me the area to invest and we will invest”, Dangote declared.
He called on entrepreneurs to always invest at home, adding that foreigners cannot drive the economy of any nation more than the nationals.
“What attracts foreign investors is a domestic investor. Africa has about 30 percent of the world’s minerals. We are blessed,” he submitted.
Dangote reiterated that his refinery was set to launch 1.4 million barrels per day capacity, the highest for any single refinery in the world.
Business
Fabergé egg given as Easter gift to mother of Russia’s last emperor sells for record £22.9m
A diamond-encrusted Fabergé egg that Russia‘s last emperor gave to his mother as an Easter gift has sold for nearly £23million.
Tsar Nicholas II gifted the Winter Egg to Dowager Empress Maria Feodorovna in 1913, five years before he was murdered along with his wife and children after the Russian Revolution.

Tsar Nicholas II

Dowager Empress Maria Feodorovna
The egg went under the hammer at Londonauction house Christie’s yesterday.
An unnamed buyer stumped up £22,895,000, smashing the previous global record of £8.9million that was set in 2007 when the famous Rothschild Egg was sold.
Carved from delicate rock crystal, the Winter Egg is an icy-looking orb studded with around 4,500 rose-cut diamonds, and stands at only five-and-a-half inches (14 centimetres) tall.
Carl Fabergé, the master jeweller whose creations bedazzled Russia, created 50 Imperial Easter Eggs for the then-ruling Romanov family over a 31-year period, making them incredibly rare and valuable.
They were commissioned as Easter gifts in a tradition started by Tsar Alexander III in the 1880s.
Nicholas II, Alexander’s son, had an annual standing order for two Easter eggs to be made for his mother and his wife, until the fall of the Romanovs in the 1917 Russian Revolution.

A diamond-encrusted Fabergé egg that Russia ‘s last emperor gave to his mother as an Easter gift has sold for nearly £23million
Today, only 43 of the Imperial Easter Eggs remain, with seven missing.
The ‘exquisite’ Winter Egg had a pre-sale estimate of more than £20million.
Christie’s Margo Oganesian said: ‘Today’s result sets a new world auction record for a work by Faberge, reaffirming the enduring significance of this masterpiece.’
She added the sale celebrated ‘the rarity and brilliance of what is widely regarded as one of Faberge’s finest creations, both technically and artistically’.
The imperial eggs have enjoyed renewed interest on the art market in recent decades, mainly among wealthy Russians keen to acquire a piece of their country’s history.
Beyond its opulence, it is the ‘technique and craftsmanship’ that makes the Winter Egg exceptional, according to Ms Oganesian.
‘The Winter Egg is truly one of the rarest items that you can find,’ she explained. ‘It’s really hard to comprehend how Faberge created it.’
The egg and its base are sculpted from crystal featuring diamond-encrusted platinum snowflakes.

Carved from delicate rock crystal, the Winter Egg is an icy-looking orb studded with around 4,500 rose-cut diamonds, and stands at only five-and-a-half inches (14 centimetres) tall. Inside, it contains a bouquet of flowers made of white quartz anemones held by gold wire stems, gathered in a platinum basket

The egg and its base are sculpted from crystal featuring diamond-encrusted platinum snowflakes

Tsar Nicholas and his wife, Empress Alexandra, with their five children. They were all murdered in 1918
Inside, it contains a bouquet of flowers made of white quartz anemones held by gold wire stems, gathered in a platinum basket.
Like many other Romanov possessions, the egg bears witness to Russian history. It was transferred from Saint Petersburg to Moscow in 1920 after the revolution.
As with many other Imperial Eggs, it was sold by the Soviet government to generate foreign currency and was acquired by London jeweller Wartski between 1929 and 1933, according to Christie’s.
The Winter Egg was subsequently part of several British collections but was considered lost from 1975, the auction house said in an essay attached to the sale lot online.
‘For 20 years, experts and specialists lost sight of it until 1994, when it was rediscovered and brought to Christie’s for sale in Geneva,’ said Ms Oganesian.
Eight years later, in 2002, it was sold again for a record $9.6 million in New York.
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