Zenith Bank PLC (ZENITHB.LG)
20 Jul 2017
July 12 British insurer Prudential said it had bought a majority stake in Nigeria's Zenith Life to give it access to the African country's fast-growing insurance market.
* Q1 group profit before tax of 44.20 billion naira versus 32.12 billion naira year ago
(The following statement was released by the rating agency) Link to Fitch Ratings' Report: Fitch Affirms Ratings on 10 Nigerian Banks - Rating Action Report https://www.fitchratings.com/site/re/894438 LONDON, February 15 (Fitch) Fitch Ratings has revised the Outlook on 4 Nigerian banks to Negative from Stable and affirmed the Long-Term Issuer Default Ratings (IDRs) of 10 banks and financial institutions. The affected institutions are Zenith Bank Plc (Zenith), First Bank of Nigeria Ltd (FBN),