Jim Ovia’s Impact on Society. 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. 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. Business Administration Class of 2022 Jim Ovia Foundation Leaders Scholarship. He’s probably right. The Jim Ovia Foundation Leaders Scholarship (JOFLS) Fund is a partnership between Jim Ovia Foundation (JOF) and Africa America Institute (AAI). 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. degree in Business Administration from Southern University, Baton Rouge, Louisiana, USA (1977). In each step we took from the first days to today innovation–keeping […], They say, don’t judge a book by its cover. Even then, it had become glaring to him that technology would change the way business was done in the coming decades. So, there is actually more to Jim Ovia than Zenith Bank Plc, which Nairametrics will uncover in this week’s Founder’s Profile. He is an alumnus of Harvard Business School (OPM). The tenacity of purpose is supreme, and as long as you have a goal and work towards it no matter what, you’d have a far higher chance of succeeding than others who simply dream about theirs. Nigerian billionaire Jim Ovia. 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 a writer and motivational speaker. With his inspirational and instructive tone, he is the mentor today’s aspiring entrepreneurs need. 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. He is also the founder of Visafone Communications Limited which has over Biography & Success Story Of Jim Ovia: Founder And CEO Of Zenith Bank. 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. 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 … 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. Ovia also founded the Quantum Group, Inc. In 1990, when Zenith Bank began operations, there were not many buildings explicitly built for commercial or corporate purposes. So, they started with a residential building which they shared with a married couple at Ajose Adeogun Lane, Victoria Island, Lagos. 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 is also an Alumnus of Harvard Business School (OPM). He currently holds a Master’s degree in Business Administration from the University of Louisiana, Monroe, Louisiana (1979) and a B.Sc. Jim Ovia holds a master's degree in Business Administration from the University of Louisiana, Monroe, Louisiana, USA in 1979 and a B.Sc. The deregulation gave the exclusive right to start a bank to foreign global financial institutions, federal or state institutions and certain Nigerians. 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. The same could have been said of Africa’s business […], Five years had passed since the liberalization of the financial markets in 1985. To further equip himself, he worked as a part-time computer operator at the defunct Baton Rouge Bank and Trust Company. He was 4 years when his father died of a heart attack and had to grow up with a resilient entrepreneurial mother who was now left with the responsibility to carry the household. In 2018, Jim Ovia published his book titled “Africa Rise And Shine”, where he discusses all his business secrets and philosophies of life. He is an alumnus of the Harvard Business School (OPM), University of Louisiana, Louisiana, (MBA), and Southern University, Louisiana, (B.Sc. 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. He is an alumnus of Harvard Business School (OPM). See Also: Biography & Success Story Of Molade Okoya: Former CEO Of CFAO Nigeria. Business Insider Sub-Saharan Africa (SSA) looks at the personal finance and spending lifestyle of one of Nigeria’s finest bankers. See Also: Biography & Success Story Of Benedict Peters: Founder Of Aiteo Group. Jim Ovia is the pioneer Managing Director / CEO of Zenith Bank Plc, one of Nigeria and Africa’s largest banks by Shareholders’ Funds. 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 was born on the 4th of November, 1951 to the large family of Obi Olihe of Agbor-Obi, in Agbor, Delta State. This follows the final approval of interim dividend in N9.4 billion at N0.30 per share Ovia’s unique interest in technology was a major factor that worked in favour of the bank, as he was well ahead of others in that respect. 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. 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. We originally worked with the main Jim Ovia stakeholder on a separate project, when she worked with a different giving organization. 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. Required fields are marked *. Some banks that began at the same time were forced to merge or sell out as the years passed but Zenith Bank remained independent and operational. See Also: Biography & Success Story Of Sani Bello: Founder Of Amni International. Business Insider Sub-Saharan Africa […] Business Administration Class of 2022 Jim Ovia Foundation Leaders Scholarship. 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. 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. 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. 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. 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. 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. There’s a new dollar-billionaire on the block, and he’s Nigerian. Spend the little money you have today wisely. But having the tenacity to chase and make the dream a reality is a trademark of the highly-motivated who would do anything to succeed. 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. It is my wish that the young people throughout Africa, and around the globe, take advantage of the tremendous opportunities Africa has to offer. He is the founder of Zenith Bank Plc, Nigeria’s tier-1 bank and one of the most profitable financial institutions in Nigeria. He is also a member of the Honorary Foreign Investor Council and Trustees’ Board, Redeemer’s University for Nations, Lagos. After which he attended Ika Grammar School, Bojiboji-Owa for his secondary education, before moving to Lagos to live with his brother. Nigerian entrepreneurs have continued making waves on a global scale as Jim Ovia receives AAI 2017 Business Award. Today, Zenith bank remains one of the most successful banks in Nigeria. 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. Zenith Bank was built on innovation. But with courage, hard work, perseverance, and dedication to duty, Jim Ovia, founder and chairman of Zenith Bank, proves we can achieve the unthinkable. Jim Ovia chairs a variety of boards including Nigerian Software Development Initiative (NSDI), NITAC, Quantum Markets Limited and Cyberspace Network Limited. After the deregulation of the banking sector in the 1980s, Jim Ovia cooperated with some other partners and applied for a banking license. 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. After Jim’s elder brother got a job in Lagos, his contributions to the family ensured the training of Jim Ovia through elementary school. 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. He has a B.Sc. He achieved a Master’s degree in Business Administration and a Bachelor’s of Science degree in Business Administration in the United States from the University of Louisiana and Southern University, also in Louisiana. See Also: Biography & Success Story Of Hakeem Belo-Osagie: Former Chairman Of 9mobile. Beginnings. Jim Ovia developed a strong interest in computer science and information technology while studying for a degree in business administration. READ ALSO: CBN’s heterodox policies buoys credit growth. He is a member of the Lagos State University Governing Council, the Digital Bridge Institute (DBI) and Nigeria’s National Economic Management Committee. 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. He retired from banking at the age of 53 and successfully runs other businesses in various industries like real estate and hospitality. He is an alumnus of Harvard Business School (OPM). When people around the globe think of Africa, they visualize conflicts and war, famine, poverty, and desolation. For Ovia, his way of grooming the next generation is with these arms. degree in Business Administration from Southern University, Baton Rouge, Louisiana, U.S.A in 19… He was at the helm of affairs for 20 years until his resignation in July, 2010. 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. degree in Business Administration from Southern University, Baton Rouge, Louisiana (1977); all in the USA. as of 11/18/15 Jim Ovia is the founder of Zenith Bank, one of the largest commercial banks in Nigeria. 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 a Nigerian businessman and the founder of Zenith Bank. 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. In my family, I am the only girl and last child among three siblings. He is also an Alumnus of Harvard Business School (OPM) Career Notify me of follow-up comments by email. 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, 58, made his fortune providing financial services … Jim Ovia is a business-growth thought leader, author, speaker, and coach impacting entrepreneurship in Africa and around the globe. Your email address will not be published. For Ovia, his way of grooming the next generation is with these arms. Founder and chairman of Zenith Bank, Jim Ovia is a global thought leader in the field of banking, entrepreneurship and business growth. This fund is backed by a $2 million pledge made by Mr. Jim Ovia, Founder/Chairman, Jim Ovia Foundation in 2017 Born in Chorkor, an urban slum of Accra, Ghana, I grew up amid a society which placed little emphasis on the importance of education. I come from Mulang, a small Community located in the City of Bamenda in the North West Region of Cameroon. 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? Since 2002, over 3,500 young people have been motivated, and over 500 entrepreneurs have been trained in various skills including ICT skills. Jim Ovia is one of Nigeria’s most successful and wealthiest businessmen. 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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). Jim further went on to work for the International Merchant Bank (IMB) in 1980, after his compulsory youth service year, where he worked his way up from the position of a financial analyst to the bank manager. Jim Ovia is currently the Chairman and founder of Visafone Communications Limited, a mobile phone company. In addition to major operations in Nigeria and other West African countries, it has sizeable operations in London and Dubai. 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). 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. He is the chairman and largest individual shareholder with a stake of slightly more than 9% … They converted the garage into a customer service facility, as Ovia recalled, and then made teller points from the rooms. Jim Ovia Quantum Luxury Properties: Ovia’s impressive real estate portfolio is said to consist of properties in wealthy neighbourhoods like Victoria Island, Lagos. Small business ideas, business plans, & tips for African entrepreneurs to start, run, & grow successful businesses. Jim Ovia was born to the family of Obi Olihe of Agbor-Obi, in Agbor, Delta State, on November 4, 1951. Jim Ovia made the Forbes list in 2015 as one of the richest men in Africa, with a networth of over $550 million. Ovia is married, has two children and owns major real estate holdings across Nigeria. 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. Our site uses cookies to improve user experience. Jim’s outstanding talents and accomplishments were recognised on various occasions. Jim Ovia is a business-growth thought leader, author, speaker, and coach impacting entrepreneurship in Africa and around the globe. Jim Ovia was born on the 4th of November, 1957 to a large family in Agbor, Delta State. Jim Ovia is a writer and motivational speaker. He is also the Chairman and founder, Quantum Group. ( 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). 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 is a writer and motivational speaker. Prior to that time, there […]. Your email address will not be published. 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 […] Now, I want to share the paths that led me to success, passing on my knowledge to you. About 1,500 students have earned university scholarships courtesy of Jim Ovia Foundation. I built a portfolio of businesses worth $200 million. Their marriage is blessed with two kids. 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). 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. Part-memoir, part-inspirational business guide, Jim uses his story to remind us of this valuable lesson: You must never allow the perceptions of others to impact your own vision of what is possible for the future. 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. Challenges will always arise, but the dogged and resilient never cower at rising storms but instead keep going till they reach their destination. Jim Ovia is currently the Group Chairman of the Bank. 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! See Also: Biography & Success Story Of Theophilus Danjuma: Founder Of Nigeria America Line. 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. In May 1990, 20 shareholders founded Zenith International bank and Jim Ovia started to move in a completely different direction. Following the deregulation of the banking sector in the late 1980s under the General Ibrahim Babangida’s military government, Jim Ovia applied for a banking license along with other investors. Having a dream is one thing. He was reappointed the Chairman of the bank in 2014. 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jim ovia business portfolio

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