Zenith Bank Plc, the sole sponsor of the Nigerian Female Basketball League has hailed the Nigerian female basketball team, D’Tigress for their exploits at the ongoing FIBA Women’s Afrobasket 2019 in Dakar, Senegal.
Speaking on the progress of the team to the quarterfinal stage of the competition, the Group Managing Director/ Chief Executive, Mr. Ebenezer Onyeagwu commended the team for their hard work, dedication and team spirit, and urged them to go all the way to the final and bring the trophy home. He expressed delight at the heroics of the team, comprised mostly of products of the Zenith Bank Women Basketball League, which the bank has sponsored solely for 15 years consecutively.
Reigning champions, D’Tigress of Nigeria are through to the quarterfinal stage of the ongoing FIBA Women’s AfroBasket 2019 after a resounding victory against Cameroon in their last group game match on Tuesday, finishing off with a 106-39 points.
The Nigerian female basketball team had earlier defeated Tunisia 75-26 in their opening match of the competition at the magnificent Dakar Arena on Saturday to kickstart the defence of the title they won two years ago in Mali.
Among other sponsorship across sectors, Zenith Bank is the exclusive sponsor of the CNN weekly feature program Inside Africa, in which the bank associates with the African Business Week segment of the programme with the aim of reaching audiences in the Middle East, Africa, Latin America, South Asia, Asia Pacific and across Europe.
Its subsidiaries include Zenith Insurance, Zenith Pension Custodian, Zenith Securities, Zenith Bank Ghana, Zenith Bank UK, Zenith Trust Company, CyberSpace Networks
The bank’s financial statement shows that the group audited results for the year ended 31 December, 2018 recorded a Profit Before Tax (PBT) of ₦232 billion which represents a 16% growth over ₦199 billion reported in 2017. This record Profit Before Tax (PBT) was achieved through the Group’s optimisation of its cost of funds, cost-to-income ratio and cost of risk, ensuring that earnings per share strengthened by 11% to ₦6.15.
Known with demonstrable traits of robust treasury and liquidity management, its 2019 business outlook is already positive.
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