As Nigeria’s Zenith Bank plans a primary listing on the London Stock Exchange by 2027, the market has read ecdysis into the move, postulating that the tier-1 bank is shedding its skin of domestic champion to emerge a bona fide pan-African financial force.
With news of the scheme already catapulting shares to an all-time high to overtake GTCO as Nigeria’s most valuable bank, investors’ reactions go beyond mere frenzy. The Nigerian lender has met domestic recapitalisation baseline. Now it is saying that the next phase of growth will not be fun
