Zenith Bank Top Director Purchases Shares Worth ₦53.1Million

Zenith Bank Plc, Monday, disclosed that one of its executive directors — Mr Dennis Olisa had acquired 2,000,000 ordinary shares, worth ₦53,100,000.00.

Brandnewsday gathers that Mr Olisa purchased the shares via the Nigerian Stock Exchange (NSE) at an average price of ₦26.79 on February 24, 2021.  Although, the shares were purchased in accordance with the NSE rules on insider dealing.

Zenith Bank: Transaction details from the NSE:

Source: NSE

Mr Dennis Olisa

Recall that one of Zenith Bank’s Executive Director, Dr Temitope Fashoranti, also include his stake in the Nigerian Bank, as filed on the NSE.

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Dr Temitope Fashoranti purchased the shares at N23.65 per share, on December 16, 2020, at the Nigerian Stock Exchange in Lagos. Total shares purchased amounted to NGN 23,650,000.

Temitope Fasoranti is on the board of Zenith Bank Plc, Financial Institutions Training Centre and Zenith Pensions Custodian Ltd. and Member of Nigerian Institute of Management.

Moving on, as one of the leading financial institutions in Nigeria and African as a whole, Zenith Bank has bagged some global recognition for its outstanding performances in the financial sector. Making the rank to be among the top-tier banks that millions of Nigerians preffer.

Contrarily, the Nigerian bank has also made several headlines for allegedly fast-tracking money laundering; fraudulent activities (perpetrated by some managers, though arrested) among other several negative reasons.

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