Zenith Bank Plc Divesting from Zenith Securities Limited (ZSL)

In a notification to the Nigerian Stock Exchange (NSE), Zenith Bank said it had concord with some investors in respect of the sale and divestment of the bank’s investment/equity interest in ZSL.
Zenith Bank Plc is divesting from Zenith Securities Limited (ZSL) in line with directive of the Central Bank of Nigeria (CBN) to banks to divest from non-banking subsidiaries.
Zenith Bank reported that it was processing necessary approvals with the Securities and Exchange Commission (SEC) for the divestments and expects that baring the occurrence of any unpredicted circumstance; the process would soon be completed.