Skip to main content

FRIDAY 20TH JUNE 2025

Page 1

Bank Stocks Rally as Ovia, Umeoji Acquire Shares Worth N3.3bn in One Day FirstHoldCo promises to exit forbearance in December, raising more questions

Nume Ekeghe and Kayode Tokede

Zenith Bank Plc’s founder and

Chairman, Mr. Jim Ovia, and the Group Managing Director/CEO, Dr. Adaora Umeoji, have significantly

increased their stake in the bank, acquiring shares worth over N3.3 billion between June 10 and June

18, 2025. This emerged as FirstHoldCo Plc’s announcement of its plan to exit

regulatory forbearance in December this year has stirred fresh concerns. Also, yesterday, the All-Share Index

(ASI) rose by 39 basis points in early Continued on page 9

World Bank, AfCFTA, Others Task Regulatory Agencies on Protection of Consumers in Nigeria’s Downstream Oil Sector... Page 9 Friday 20 June, 2025 Vol 30. No 11030. Price: N400

www.thisdaylive.com TR

UT H

& RE A S O

N

Tinubu: Sani Has Changed Kaduna from Toxic Place to State with Life, Progress and Peace...

Page 35


Turn static files into dynamic content formats.

Create a flipbook
FRIDAY 20TH JUNE 2025 by THISDAY Newspapers Ltd - Issuu