- Zenith Bank is going to change its name and its operating structure soon
- The bank received CBN’s approval in principle to become a holding company with a new name
- Holding companies are created to buy the shares of other companies and ultimately control them
On Friday, March 3, 2023, Zenith Bank, one of Nigeria’s most prominent banks, received approval in principle from the Central Bank of Nigeria to become a holding company.
In a statement signed by its Secretary, Michael Otu, the bank said that with the new move, it would have a banking group with subsidiaries in the financial services industry.
