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Amid declining European influence in Africa, this expansion demonstrates a strategic effort to foster stronger partnerships and showcase Africa’s economic potential
In a transformative move, Zenith Bank Plc has opened its Paris branch, marking a significant milestone in the Nigerian bank’s global expansion strategy. This development coincides with Nigerian President Bola Ahmed Tinubu’s historic state visit to France, the first by a Nigerian leader in 20 years.
Zenith Bank’s Paris presence aims to strengthen trade and investment ties between Europe and Africa, aligning with President Emmanuel Macron’s pro-business agenda. It also positions Zenith Bank as the fourth Nigerian bank to establish operations in France.
Amid declining European influence in Africa, this expansion demonstrates a strategic effort to foster stronger partnerships and showcase Africa’s economic potential.
Jim Ovia is the founder of Zenith Bank, one of the largest commercial banks in Nigeria. He is the chairman and largest individual shareholder with a stake of slightly more than 9% stake. He also owns prime real estate across Nigeria, and mobile telecom operator Visafone, which has 3 million subscribers.
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Zenith Bank (UK) Ltd is a UK subsidiary of Zenith Bank PLC, one of the leading banks in Nigeria. Zenith Bank (UK) Ltd is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
