Details as Zenith Bank moves to list on London Stock Exchange

Zenith Bank Plc has revealed plans to list its shares on London Stock Exchange by 2027. According to the bank, the move is driven by a growing pipeline of cross-border financing opportunities, particularly in the United Kingdom and other international markets.

On completion, the move will position Zenith Bank as the second Nigerian financial institution to trade on the London bourse, following Guaranty Trust Holding Company Plc, which successfully raised $105 million from its own listing. Zenith is also expanding its physical presence in the UK, with plans to establish a new branch in Manchester to complement its existing London operations.

The development comes amid a broader recapitalization drive across Nigeria’s banking sector after the Central Bank of Nigeria directed lenders in 2024 to shore up their capital bases. In response, major banks have strengthened their balance sheets and are increasingly pursuing growth opportunities both domestically and internationally.

Zenith Bank has already exceeded the N500 billion minimum capital threshold set by regulators and is now looking beyond Nigeria’s borders, with expansion plans targeting francophone West Africa as part of its long-term growth strategy.