Staff Fund of Zenith Bank Plc (NGX: ZENITHBANK) have acquired 33,231,735 shares of the bank valued at over ₦2.11 billion on the floor of The Nigerian Exchange in Lagos.
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The acquisition was made by Zenith Staff Provident Fund in several transactions starting from June 30, 2025, up to September 30, 2025.
Zenith Staff Provident Fund is a dedicated, internally managed fund set up by Zenith Bank for the benefit of its employees’ long-term financial security.
A provident fund is typically a fund into which contributions are made by both the employer and the employees to provide a lump-sum payment to employees upon retirement, resignation, or in certain other circumstances. It helps employees save and prepare for their future, particularly retirement.
The first transaction made on June 30, 2025, was for 215,800 units of share at ₦57.05 per share.
In several transactions on September 26, 29 and 30, the Fund acquired a total of 33,015,935 units at an average price of ₦69.67 per share.
- 6,200,000 units was acquired at ₦69.00
- 5,786,445 units was acquired at ₦69.10
- 38,890 units was acquired at ₦69.70
- 20,000 units was acquired at ₦69.75
- 2,2399,600 units were acquired at ₦69.80
- 200,000 units was acquired at ₦69.85
- 3,200,000 units was acquired at ₦69.90
- 15,000,000 units was acquired at ₦69.95
- 171,000 units was acquired at ₦70.00
On November 7, 2025, the Fund sold 1,750,000 units in two transactions: 840,000 units at ₦59.95 and 910,000 units at ₦59.98 respectively.
Nnamdi Maduakor is a Writer, Investor and Entrepreneur
