Zenith Bank Plc has disclosed that its Group Managing Director and Chief Executive Officer, Dr. Adaora Umeoji, purchased 11 million units of the bank’s shares in a transaction executed on November 26, 2025. The bank announced the development in a regulatory filing to the Nigerian Exchange Group (NGX).
According to the disclosure, Dr. Umeoji acquired the shares at ₦66.60 per unit, translating to a total transaction value of ₦732.6 million. The deal was categorised as an initial notification of insider trading, filed in line with NGX listing rules and market transparency requirements.
The notice—signed by Company Secretary Michael Osilama Otu—confirmed that the transaction took place in Lagos, Nigeria, under the NGX trading platform.
Dr. Umeoji, who became the first female GMD/CEO of Zenith Bank earlier in 2025, has overseen a period of strong investor confidence in the bank. Insider purchases by top executives are typically viewed by the market as a positive signal of management’s confidence in the institution’s financial outlook.
Zenith Bank Plc, identified by ISIN NGZENITHBNK9, remains one of Nigeria’s largest and most profitable financial institutions, known for consistent dividend payments and strong asset quality.
The bank’s latest insider dealing report is expected to attract attention from investors tracking executive sentiment ahead of the full-year earnings season.
