{"id":1104,"date":"2023-03-04T08:59:00","date_gmt":"2023-03-04T08:59:00","guid":{"rendered":"https:\/\/shakamomodu.com\/?p=1104"},"modified":"2023-03-04T12:05:37","modified_gmt":"2023-03-04T12:05:37","slug":"zenith-bank-plc-to-become-zenith-holdco-plc","status":"publish","type":"post","link":"https:\/\/shakamomodu.com\/index.php\/2023\/03\/04\/zenith-bank-plc-to-become-zenith-holdco-plc\/","title":{"rendered":"Zenith Bank Plc to Become Zenith Holdco Plc"},"content":{"rendered":"<p>The Central Bank of Nigeria (CBN) has granted Zenith Bank Plc preliminary license to function as a financial holding company, dubbed &#8220;Zenith Holdco Plc.&#8221;<\/p>\n<p>A holding company is a parent corporation that holds the controlling stock or membership interests in its subsidiaries.<\/p>\n<p>Friday, the lender announced its intention to alter its organizational structure in a statement signed by Corporate Secretary Michael Otu.<\/p>\n<p>With this modification, the organization will have a banking subsidiary in addition to other financial services-related businesses.<\/p>\n<p>A portion of the statement said, &#8220;The CBN has granted Zenith Bank preliminary authorisation to operate a non-operating financial holding company structure.<\/p>\n<p>&#8220;Furthermore, the CBN approved Mr. Jim Ovia as Chairman of Zenith Holdco Plc (in-formation, with Mr. Jim Ovia continuing as Chairman of Zenith Bank till the beginning of Zenith Holdco.&#8221;<\/p>\n<p>This action will boost the number of banks in the country that operate as financial holding companies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Central Bank of Nigeria (CBN) has granted Zenith Bank Plc preliminary license to function as a financial holding company, dubbed &#8220;Zenith Holdco Plc.&#8221; A holding company is a parent corporation that holds the controlling stock or membership interests in its subsidiaries. Friday, the lender announced its intention to alter its organizational structure in a [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":1105,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[37,35],"tags":[181,182],"class_list":["post-1104","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-news","tag-zenith-bank-plc","tag-zenith-holdco-plc"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/posts\/1104"}],"collection":[{"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/comments?post=1104"}],"version-history":[{"count":1,"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/posts\/1104\/revisions"}],"predecessor-version":[{"id":1106,"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/posts\/1104\/revisions\/1106"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/media\/1105"}],"wp:attachment":[{"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/media?parent=1104"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/categories?post=1104"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/tags?post=1104"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}