Zenith Bank PLC praised the Nigerian Exchange’s X-stream electronic trading platform yesterday, claiming it was crucial to the success of its recapitalization effort, which had a 160% membership rate. When Dame Adaora Umeoji, the bank’s Group Managing Director and CEO, accompanied Dr. Jim Ovia, the bank’s founder and chairman, to perform the renowned closing gong ceremony at the Nigerian Exchange (NGX) yesterday, she revealed this informationAccording to Daily Trust, Zenith is among the first deposit money banks to meet the Central Bank of Nigeria’s (CBN) new recapitalization requirement.
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