He was at the helm of affairs for 20 years until his resignation in July, 2010. He is the chairman and largest individual shareholder with a stake of slightly more than 9% … In my family, I am the only girl and last child among three siblings. With our highly in-depth world-class MBA Standard professional bank and investor-ready business plan & feasibility study report writing service, you can finally have the best chance of getting the finance you need for your business to succeed! Recognizing his business leadership and his philanthropy, the African-American Institute (AAI), awarded the Chairman of Zenith Bank Plc, with the AAI 2017 Business Leader Award a few days ago, on the sidelines of the ongoing United Nations […] This is the success story of Jim Ovia, a Nigerian banking magnate whom though not born with a silver spoon went on to build a multi-billion dollar business. Since 2002, over 3,500 young people have been motivated, and over 500 entrepreneurs have been trained in various skills including ICT skills. It is the second most valuable bank in Nigeria as of 2020 with a market cap of about N4.46 Trillion Naira (more than $10 billion) and a 4.4% increase in gross earnings within H1 2019 and H1 2020. Your email address will not be published. About 1,500 students have earned university scholarships courtesy of Jim Ovia Foundation. He is also an Alumnus of Harvard Business School (OPM) Career Business Administration Class of 2022 Jim Ovia Foundation Leaders Scholarship. Jim Ovia, 58, made his fortune providing financial services … Having a dream is one thing. His message is inspiring entrepreneurs and investors worldwide to cultivate their passion, follow their instincts, and act with courage as they pursue business ventures that reach beyond their wildest dreams. Prior to that time, there […]. For Ovia, his way of grooming the next generation is with these arms. A man of integrity who believes in the power of passion, perseverance, and dedication to duty, Jim is committed to helping aspiring entrepreneurs worldwide cultivate the courage they need to follow their passion and achieve success beyond their wildest dreams. But with courage, hard work, perseverance, and dedication to duty, Jim Ovia, founder and chairman of Zenith Bank, proves we can achieve the unthinkable. I built a portfolio of businesses worth $200 million. The deregulation gave the exclusive right to start a bank to foreign global financial institutions, federal or state institutions and certain Nigerians. He is a member of the Lagos State University Governing Council, the Digital Bridge Institute (DBI) and Nigeria’s National Economic Management Committee. Jim Ovia is a business-growth thought leader, author, speaker, and coach impacting entrepreneurship in Africa and around the globe. On the other hand, if you invest that same amount in a lucrative business or in an asset, it may be worth billions in 20 years. Jim Ovia’s Impact on Society. Biography & Success Story Of Jim Ovia: Founder And CEO Of Zenith Bank. Jim Ovia returned to Nigeria after his university education and joined a branch of Union Bank of Nigeria for his National Youth Service Corps at 121 Broadstreet, Victoria Island. Founder and chairman of Zenith Bank, Jim Ovia is a global thought leader in the field of banking, entrepreneurship and business growth. He further worked with the establishment of the corporate division of the Merchant Bank of Africa and Lion Bank, where he rose to the rank of branch manager in Lagos. Jim Ovia holds a Master’s degree in Business Administration (MBA) from the University of Louisiana, Louisiana, USA obtained in 1979 and a B.Sc degree in Business Administration from Southern University, Louisiana, USA (1977). He currently holds a Master’s degree in Business Administration from the University of Louisiana, Monroe, Louisiana (1979) and a B.Sc. Jim Ovia made the Forbes list in 2015 as one of the richest men in Africa, with a networth of over $550 million. Jim Ovia, chairman of Nigeria's largest commercial lender Zenith Bank Plc, discusses the outlook for growth in Nigeria and the business outlook for the African continent. Jim Ovia is a business-growth thought leader, author, speaker, and coach impacting entrepreneurship in Africa and around the globe. Ovia also founded the Quantum Group, Inc. So, there is actually more to Jim Ovia than Zenith Bank Plc, which Nairametrics will uncover in this week’s Founder’s Profile. as of 11/18/15 Jim Ovia is the founder of Zenith Bank, one of the largest commercial banks in Nigeria. Zenith Bank was built on innovation. Now, I want to share the paths that led me to success, passing on my knowledge to you. He is also a member of the Honorary Foreign Investor Council and Trustees’ Board, Redeemer’s University for Nations, Lagos. She then reached out to us in September of 2015 to let us know that the Jim Ovia Foundation was looking to build a new website and platform for the foundation. Jim Ovia born November 4, 1951 is a Nigerian businessman and the founder and pioneer Group Managing Director / CEO of Zenith Bank Plc, Nigeria’s largest and Africa’s 6th largest bank by Shareholders’ Funds.He was at the helm of affairs, from inception, for 20 years until his resignation in July, 2010. Jim Ovia is a writer and motivational speaker. See Also: Biography & Success Story Of Benedict Peters: Founder Of Aiteo Group. Mr. Ovia is Chairman of Zenith Bank Plc (which he founded in 1990), Chairman at Zenith Bank (UK) Ltd. (a subsidiary of Zenith Bank Plc), Chairman for Nigeria Software Development … He’s probably right. Their marriage is blessed with two kids. In each step we took from the first days to today innovation–keeping […], They say, don’t judge a book by its cover. Private institutions were required to provide a chief executive with at least ten years of banking experience, raise the capital necessary and set up the requisite physical and governance structure, and Jim Ovia qualified for all of this. AFRICANGLOBE – Last year, Mark Mobius, a renowned emerging markets investor and Executive Chairman of Templeton Emerging Markets Group announced that there may be up to 200 hidden billionaires in Africa. Jim Ovia is a member of a number of global organizations including the World Economic Forum (since 2007), the Corporate Council on Africa (CCA)—a key voice for U.S.-Africa business relations—among others. Your email address will not be published. He is an alumnus of Harvard Business School (OPM). See Also: Biography & Success Story Of Molade Okoya: Former CEO Of CFAO Nigeria. Jim Ovia was born to the family of Obi Olihe of Agbor-Obi, in Agbor, Delta State, on November 4, 1951. He holds the Professional Leadership Award at Zik Awards, 1999; Vanguard’s 20 Most Outstanding CEOs in Corporate Nigeria, 2002; Lifetime Achievement Award at Africans Bankers Award, 2015, as well as the prestigious Commander of Order of the Federal Republic of Nigeria which he received in 2011. He is the founder of Zenith Bank Plc, Nigeria’s tier-1 bank and one of the most profitable financial institutions in Nigeria. He was reappointed the Chairman of the bank in 2014. Nigerian billionaire Jim Ovia. In 1990, when Zenith Bank began operations, there were not many buildings explicitly built for commercial or corporate purposes. In May 1990, 20 shareholders founded Zenith International bank and Jim Ovia started to move in a completely different direction. In Lagos, he began his banking career in 1973 at Union Bank (formerly Barclays Bank), where he worked for three years as a bank clerk before moving to the USA to complete his tertiary education. Jim Ovia is currently the Group Chairman of the Bank. Jim Ovia’s story is proof that no matter how humble your origins, you can accomplish great things with the right frame of mind. Jim Ovia was born on the 4th of November, 1957 to a large family in Agbor, Delta State. Fully armed with the intelligence of the biblical King Solomon and the grace of King David, Zenith Bank founder Jim Ovia’s success story is a clear indication that hard work truly pays. Jim Ovia developed a strong interest in computer science and information technology while studying for a degree in business administration. See Also: Biography & Success Story Of Hakeem Belo-Osagie: Former Chairman Of 9mobile. His message is inspiring entrepreneurs and investors worldwide to cultivate their passion, follow their instincts, and act with courage as they pursue business ventures that reach beyond their wildest dreams. Jim Ovia holds a Master’s degree in Business Administration (MBA) from the University of Louisiana, Louisiana, USA obtained in 1979 and a B.Sc degree in Business Administration from Southern University, Louisiana, USA (1977). He has a B.Sc. We originally worked with the main Jim Ovia stakeholder on a separate project, when she worked with a different giving organization. Jim Ovia was born on the 4th of November, 1951 to the large family of Obi Olihe of Agbor-Obi, in Agbor, Delta State. Leading the pack is Jim Ovia, chairman of Zenith Bank, who will earn N1.52 billion in interim dividend as the largest shareholder in Nigeria’s most profitable bank as at June 30. Notify me of follow-up comments by email. Jim Ovia Chairman, Zenith Bank ... in 2017 was mainly driven by increase in Portfolio Investment, which went up by $5.5 billion from the previous … With his inspirational and instructive tone, he is the mentor today’s aspiring entrepreneurs need. He is also the Chairman and founder, Quantum Group. Jim Ovia is an entrepreneur and businessperson who founded 5 companies, among them: Zenith Bank Plc, The Quantum Group, Inc. and Visafone Communications Ltd. and who has been the head of 7 different companies. READ ALSO: CBN’s heterodox policies buoys credit growth. When people around the globe think of Africa, they visualize conflicts and war, famine, poverty, and desolation. degree in Business Administration from Southern University, Baton Rouge, Louisiana, USA (1977). He retired from banking at the age of 53 and successfully runs other businesses in various industries like real estate and hospitality. Jim Ovia is one of Nigeria’s most successful and wealthiest businessmen. The Jim Ovia Foundation Mission The Jim Ovia Foundation was launched with the aim of investing in the unlimited potential of the youths of Nigeria - and using this investment as a key to the social and economic growth of the nation. Jim Ovia is the Founder and Chairman of Zenith Bank Plc, one of Africa’s largest bank with over $17.6 billion in assets ast at 31 December 2019.. Zenith Bank is listed on the London Stock Exchange as well as on the Nigerian Stock Exchange. Jim Ovia was appointed a member of the World Economic Forum Community of Chairmen in January 2017 and is the current Chair of the World Economic Forum's Africa Regional Business Council. The same could have been said of Africa’s business […], Five years had passed since the liberalization of the financial markets in 1985. He is also an Alumnus of Harvard Business School (OPM). Jim Ovia holds a Master’s degree in Business Administration (MBA) from the University of Louisiana, Louisiana, USA in 1979 and a B.Sc degree in Business Administration from Southern University, Louisiana, USA (1977). Ovia is married, has two children and owns major real estate holdings across Nigeria. degree in Business Administration from Southern University, Baton Rouge, Louisiana (1977); all in the USA. He is the second son of Obi Olihe of Agbor-Obi, one of the most revered chiefs in Agbor Kingdom, Delta State.Ovia attended Ika Grammar School, Bojiboji-Owa for his secondary education before going to oversee for his tertiary education. The business mogul founded a foundation called the Jim Ovia Foundation, which has four arms: James Hope College, Jim Ovia Scholarship, Jim Ovia ICT Entrepreneurs Program and Empower Youth Program. He is married to Kay Ovia, who is the Chief Executive Officer of Quantum Markets Ltd and the initiator of Rising talent hunt for kids and teens. Jim Ovia is the pioneer Managing Director / CEO of Zenith Bank Plc, one of Nigeria and Africa’s largest banks by Shareholders’ Funds. In addition to major operations in Nigeria and other West African countries, it has sizeable operations in London and Dubai. Described by Forbes Africa as the ‘Godfather of Banking in Nigeria’, Jim Ovia is famous for his mastery of business and leadership skills, and it shows a lot in his story. By continuing to use this site, you agree to our, Innovate, Innovate, Innovate: The Future Depends Upon You, Today’s Challenges Are Tomorrow’s Opportunities, Reaction Factor: The Importance of Timing. After the deregulation of the banking sector in the 1980s, Jim Ovia cooperated with some other partners and applied for a banking license. Spread the love Jim Ovia Net Worth And Biography Jim Ovia Net Worth: Jim Ovia is the founder of Zenith Bank Nigeria PLC, one of the largest commercial banks in Nigeria. To further equip himself, he worked as a part-time computer operator at the defunct Baton Rouge Bank and Trust Company. Beginnings. degree in Business Administration from Southern University, Baton Rouge, Louisiana, U.S.A in 19… He is an alumnus of Harvard Business School (OPM). He is also the founder of Visafone Communications Limited which has over After which he attended Ika Grammar School, Bojiboji-Owa for his secondary education, before moving to Lagos to live with his brother. They converted the garage into a customer service facility, as Ovia recalled, and then made teller points from the rooms. After Jim’s elder brother got a job in Lagos, his contributions to the family ensured the training of Jim Ovia through elementary school. It is my wish that the young people throughout Africa, and around the globe, take advantage of the tremendous opportunities Africa has to offer. ( Jim Ovia is now worth $980 million dollars, with the official dollar rate of N320, that means he is worth N313 BILLION NAIRA because of an investment of N20 million). Jim Ovia is a writer and motivational speaker. Business Insider Sub-Saharan Africa (SSA) looks at the personal finance and spending lifestyle of one of Nigeria’s finest bankers. Professional Business Plans For Your Success, View startuptipsdaily’s profile on Facebook, View startuptipdaily’s profile on Twitter, View startuptipsdaily’s profile on Instagram, View 112684232616485826000’s profile on Google+, How This Nigerian Entrepreneur Built A Multi-Billion Dollar Bank From A Garage, Still Looking For Funds? Required fields are marked *. Jim Ovia chairs a variety of boards including Nigerian Software Development Initiative (NSDI), NITAC, Quantum Markets Limited and Cyberspace Network Limited. In his book, Africa, Rise and Shine, Jim Ovia paints a very different picture: Africa as a continent ripe with untapped resources, a growing middle class, and abundant opportunities for entrepreneurs and investors. He is an alumnus of the Harvard Business School (OPM), University of Louisiana, Louisiana, (MBA), and Southern University, Louisiana, (B.Sc. Jim Ovia is a Nigerian businessman and the founder of Zenith Bank. 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In time, the couple could no longer bear the noise that came with being a bank’s neighbour, and moved out, allowing the bank more room to work. For Ovia, his way of grooming the next generation is with these arms. With persistence, constant learning, innovation, and a readiness to exploit opportunities as they present themselves, you too, could someday be as successful as Jim Ovia. See Also: Biography & Success Story Of Sani Bello: Founder Of Amni International. Jim Ovia was born in 1951 in Nigeria. Zenith Bank has won several awards and in 2017, she was awarded the Most Valuable Banking Brand in Nigeria by The Banker, London, and the Bank of the Year and the Best Customer Service Bank in the country by BusinessDay Newspaper. Today, Zenith bank remains one of the most successful banks in Nigeria. Jim Ovia is currently the Chairman and founder of Visafone Communications Limited, a mobile phone company. Jim Ovia holds a master's degree in Business Administration from the University of Louisiana, Monroe, Louisiana, USA in 1979 and a B.Sc.
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