Zenith Bank Plc has notified the investing public of a share transaction involving an insider, following the sale of 150,000 ordinary shares by the Zenith Staff Provident Fund, a related party to the bank.
In a disclosure dated December 30, 2025, and filed with the Nigerian Exchange Group, the bank stated that the transaction was executed on December 29, 2025, at a price of ₦63.00 per share, bringing the total value of the deal to ₦9.45 million.
Transaction details
According to the notification, the transaction involved the sale of Zenith Bank shares by the Zenith Staff Provident Fund, which is classified as a related party under NGX insider dealing rules.
The disclosure was marked as an initial notification and complied with the requirements of the NGX Issuers’ Rules.
The shares were traded on the Nigerian Exchange in Lagos, and the financial instrument was identified under ISIN code NGZENITHBNK9
Regulatory context
Insider dealing disclosures are mandatory under NGX regulations to ensure transparency and protect market integrity.
Such filings do not, in themselves, imply wrongdoing, but are intended to give investors visibility into transactions involving directors, senior management, or related entities with access to non-public information.
Zenith Bank has consistently maintained compliance with NGX disclosure obligations and remains one of the most actively traded and capitalised banking stocks on the Nigerian Exchange.
Market perspective
While the transaction size is modest relative to Zenith Bank’s market capitalisation, analysts typically monitor insider trades as part of broader signals around institutional behaviour, liquidity management, and staff benefit fund rebalancing.
At ₦63 per share, the transaction price was broadly in line with prevailing market levels at the time of execution.