The disclosure was made in a corporate statement filed with the Nigerian Exchange Limited (NGX) on Wednesday.
According to the statement, signed by the bank’s Company Secretary, Michael Otu, Zenith Bank has now raised and surpassed the new regulatory capital threshold of N500 billion.
“The Bank’s exposure under the Single Obligor Limit (SOL) forbearance relates solely to a single obligor,” the statement read.
“We are confident that this exposure will be brought within the applicable regulatory limit on or before 30 June 2025.”
