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Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria - Business (2) - Nairaland

Nairaland Forum / Nairaland / General / Business / Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria (26741 Views)

Adesola Adeduntan: CBN Queries First Bank As CEO Is ‘Purportedly Forced Out" / Lagosians Struggle To Enter FCMB Bank As Lockdown Eases (Video) / Zenith Bank Becomes Nigeria’s Largest Bank By Customer Deposit (2) (3) (4)

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Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by AngelicBeing: 9:12am On Aug 27, 2017
YAWNS
Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by TDonald: 9:12am On Aug 27, 2017
Which one be JAIZ JAZZ BANK again undecided

1 Like

Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by Paperwhite(m): 9:14am On Aug 27, 2017
cristianisraeli:
i still trust FIRST BANK BETTER THAN ZENITH
Yeah!

1 Like

Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by holysainbj(m): 9:15am On Aug 27, 2017
Franco93:
SHINA PETERS VS JIM OVIA

In 1990, Shina Peters built a house with N20 million naira; the same year Jim Ovia started Zenith Bank with the same amount.

Today, you and I don't have a room in Shina's house but I have an account in Jim's bank and probably you do too.

Shina's house was built in Iju Lagos and remains there till date.
Jim's bank started in a corner and now has over 500 branches in Nigeria, and many international branches.

Millions upon millions transact business in Jim's bank daily.
Shina's house is becoming dilapidated...in 2015, he SPENT more money to renovate the house and bought a Nissan Pathfinder with N10 million...additional liability, while in the same 2015, Jim's bank MADE a profit of N105.7 billion.

Today, Zenith Bank is the largest bank in Nigeria, while Shina Peter might be ashamed to live in his house now.

This is the difference between Assets and Liability. If you buy a car for N20 million today, in 20 years time, you will be ashamed to drive it. On the other hand, if you invest that same amount in a lucrative business or in an asset, It may be worth billions in 20 years. ( Jim Ovia is now worth $980 million dollars, with the official dollar rate of N320, that means he is worth N313 BILLION NAIRA because of an investment of N20 million).

Spend the little money you have today wisely. Some people driving expensive cars today, are not aware that they are driving their future and the future of their children. Some people carrying iphone7 today, may not be aware that they are carrying their future.

When you are young, don't spend money. Invest it.
Every penny in your hand is like a seed, you can decide to eat it, or sow it. When you sow it, it will bear much more seeds later in future.

Let's be wise.
God will bless you anyhow.

1 Like

Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by Alajiki(m): 9:15am On Aug 27, 2017
Firstbank will come back to that first position in no time

4 Likes

Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by Nobody: 9:15am On Aug 27, 2017
Young03:
Ecobank can never improve

useless bank
dem dey call names of bank you dey mention eco bank.

Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by Egbi2020: 9:16am On Aug 27, 2017
xreal:
I don't understand.

Jaiz and wema bank's figures are high.
Jaiz n wema figures are in billions while the likes of fbn, access n zenith uba and co are in trillions.

2 Likes

Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by Alajiki(m): 9:16am On Aug 27, 2017
Franco93:
SHINA PETERS VS JIM OVIA

In 1990, Shina Peters built a house with N20 million naira; the same year Jim Ovia started Zenith Bank with the same amount.

Today, you and I don't have a room in Shina's house but I have an account in Jim's bank and probably you do too.

Shina's house was built in Iju Lagos and remains there till date.
Jim's bank started in a corner and now has over 500 branches in Nigeria, and many international branches.

Millions upon millions transact business in Jim's bank daily.
Shina's house is becoming dilapidated...in 2015, he SPENT more money to renovate the house and bought a Nissan Pathfinder with N10 million...additional liability, while in the same 2015, Jim's bank MADE a profit of N105.7 billion.

Today, Zenith Bank is the largest bank in Nigeria, while Shina Peter might be ashamed to live in his house now.

This is the difference between Assets and Liability. If you buy a car for N20 million today, in 20 years time, you will be ashamed to drive it. On the other hand, if you invest that same amount in a lucrative business or in an asset, It may be worth billions in 20 years. ( Jim Ovia is now worth $980 million dollars, with the official dollar rate of N320, that means he is worth N313 BILLION NAIRA because of an investment of N20 million).

Spend the little money you have today wisely. Some people driving expensive cars today, are not aware that they are driving their future and the future of their children. Some people carrying iphone7 today, may not be aware that they are carrying their future.

When you are young, don't spend money. Invest it.
Every penny in your hand is like a seed, you can decide to eat it, or sow it. When you sow it, it will bear much more seeds later in future.

Let's be wise.

A fabrication!

3 Likes

Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by Nobody: 9:17am On Aug 27, 2017
rodeo0070:


From the write up, "ETI, is the largest financial services group in West Africa and not in Nigeria. This is because of its asset base aggregates all the asset position of its pan-African spread and its other subsidiaries."
Abeg which one be ETI again??
Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by IloveMoney: 9:17am On Aug 27, 2017
Top 3:

Zenith

FBN

UBA

3 Likes

Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by dingbang(m): 9:17am On Aug 27, 2017
OreoPaschal:
Please, are my eyes be deceitful? Stanbic Bank is running on losses. imagine having total assets being smaller than their liabilities. People working there should better seek alternatives before they lay them off. angry angry angry angry angry angry
and they even called for applications for graduate trainee.. Lmao
Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by slayking(m): 9:17am On Aug 27, 2017
blackaxe78:
Just imagine!


Standard Trust Bank, Savannah Bank, Societe Generale Bank and Afri Bank did not make the list

List is void!

Wtf! Those banks are dead.
Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by OreoPaschal(m): 9:17am On Aug 27, 2017
Keneking:
Useless assets

Those block work and glasses abi.

Strong room
Bomb detector
CCTV
three floor building
Alucoband panel
Computers
Turnstile
air-conditioning units
Flowers
ATMs

Useless assets....nonsense asserts that they use to build balanced sheet nonsense
what is the worth of your assets?... You don't have to comment if you have nothing meaningful to utter. undecided undecided undecided undecided
Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by Flaghouse1: 9:18am On Aug 27, 2017
blackaxe78:
Just imagine!


Standard Trust Bank, Savannah Bank, Societe Generale Bank and Afri Bank did not make the list

List is void!


Which generation are you ,I believe you are one of the LIMITED EDITION (1960s - 1980)

All these banks don go under now!
Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by Ndkings1(m): 9:19am On Aug 27, 2017
kudos to them both. its not easy..
Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by daywalker12911(m): 9:19am On Aug 27, 2017
OreoPaschal:
Please, are my eyes be deceitful? Stanbic Bank is running on losses. imagine having total assets being smaller than their liabilities. People working there should better seek alternatives before they lay them off. angry angry angry angry angry angry
Stanbic IBTC is very stable. TheValues quoted are grossly inacurate

3 Likes

Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by iamkingzlee(m): 9:20am On Aug 27, 2017
Alajiki:
Firstbank will come back to that first position in no time
ofcourse, its First bank!

3 Likes

Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by dabeto: 9:26am On Aug 27, 2017
Cooked figures. Most Nigerian banks are now owned by foreigners and foreign banks.
Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by damosade(m): 9:30am On Aug 27, 2017
First bank all the way.. Zenith bawo

3 Likes

Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by Celcius: 9:34am On Aug 27, 2017
OreoPaschal:
Please, are my eyes be deceitful? Stanbic Bank is running on losses. imagine having total assets being smaller than their liabilities. People working there should better seek alternatives before they lay them off. angry angry angry angry angry angry
daywalker12911:

Stanbic IBTC is very stable. TheValues quoted are grossly inacurate
OreoPaschal:
Please, are my eyes be deceitful? Stanbic Bank is running on losses. imagine having total assets being smaller than their liabilities. People working there should better seek alternatives before they lay them off. angry angry angry angry angry angry

When bank managers talk of liability, it doesn't necessarily mean deficit, but deposits and the likes. Its termed liability because they're obligated to pay these deposits,interests, etc in the future or on demand.

5 Likes 2 Shares

Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by wickedworld: 9:37am On Aug 27, 2017
damosade:
First bank all the way.. Zenith bawo
.

That greedy bank , they can deduct ur money like say they owned the world even with their fixed deposit when all banks give u better rate na their own they worst.

Upon say they don old for banking industry o
Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by OreoPaschal(m): 9:44am On Aug 27, 2017
Celcius:


When bank managers talk of liability, it doesn't necessarily mean deficit, but deposits and the likes. Its termed liability because they're obligated to pay these deposits,interests, etc in the future or on demand.
Brotherly... deficits or deposits. it still does not change the fact that, their net-worth is in negative! The net-worth is what everyone will consider when assessing the viability or progress of this firm. cool cool cool cool. Give me a comprehensive conviction if i am wrong.

3 Likes 1 Share

Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by Narldon: 9:44am On Aug 27, 2017
canalily:
so i met u hereundecided wow! We use to be friends on facebk







What is my name?
Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by OreoPaschal(m): 9:45am On Aug 27, 2017
Narldon:








What is my name?
Black is beautiful! wink wink wink
Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by canalily(m): 9:46am On Aug 27, 2017
Narldon:






What is my name?
this is public, ur security matters to me
Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by Allee90: 9:48am On Aug 27, 2017
If you are looking for a reliable Bank in Nigeria, Firstbank is second to none. Zenith Bank is owned by mostly fraudsters and Govt thieves. No ethics of banking and it encourages prostitution among the female staff. Firstbank is truly the First. With my 2k in Firstbank, I can sleep with my two eyes closed

3 Likes

Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by Narldon: 9:50am On Aug 27, 2017
canalily:
this is public, ur security matters to me



And he cunningly avoided the question...
Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by samijay8(m): 9:50am On Aug 27, 2017
xreal:
I don't understand.

Jaiz and wema bank's figures are high.
hahaha comparing billions to trillions
Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by FKO81(m): 9:51am On Aug 27, 2017
Igbos toping banking sector in Nigeria

3 Likes

Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by canalily(m): 9:53am On Aug 27, 2017
Narldon:




And he cunningly avoided the question...
pls save me that! No cunny here! I knw ur name buh its public, i dnt wnt to expose u
Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by FKO81(m): 9:55am On Aug 27, 2017
Allee90:
If you are looking for a reliable Bank in Nigeria, Firstbank is second to none. Zenith Bank is owned by mostly fraudsters and Govt thieves. No ethics of banking and it encourages prostitution among the female staff. Firstbank is truly the First. With my 2k in Firstbank, I can sleep with my two eyes closed
Rubbish write up, Zenith bank is the best and most respected bank in Nigeria, I have been banking with them for years
Re: Zenith Bank Overtakes First Bank As The Largest Bank In Nigeria by Nobody: 10:03am On Aug 27, 2017
My 20k that they refused to refund is inside that money.

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