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Originally published by Capital Business
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business
April 9, 2026
4h ago

Nigeria’s Zenith Bank acquires Paramount Bank in CBK-approved deal

Nigeria’s Zenith Bank acquires Paramount Bank in CBK-approved deal

The Central Bank of Kenya approved the transaction on March 9, 2026, under the Banking Act, with further approval granted by the National Treasury on March 16. Kenya breaking news | Kenya news today |..

✨ Key Highlights

Nigeria's Zenith Bank Plc has successfully acquired 100 percent shareholding in Paramount Bank Limited, following necessary regulatory approvals.

  • The acquisition was approved by the Central Bank of Kenya on March 9, 2026, and the National Treasury on March 16.
  • Key organizations involved are Nigeria's Zenith Bank Plc and Paramount Bank Limited.
  • The deal is expected to bolster the Kenyan banking sector's stability and competitive landscape.

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