Zenith Bank is trading 3.3% up today at NGN 110.00 following renewed attention on court testimony regarding transactions linked to former CBN governor Godwin Emefiele.
- A former bank employee reportedly testified to processing billions of naira for Emefiele while bypassing standard internal controls.
- Investors appear to be reassessing potential litigation and reputational risks, though there is currently no indication of new charges or regulatory sanctions directly against the bank.
- The upward movement occurs despite generally mixed sentiment across the broader market.