30 results
- 7 Feb 2022
GTCO Acquires Asset Management and Pension Fund Businesses
Guaranty Trust Holding Company Plc, GTCO Plc, a diversified financial services provider, today notified the Nigerian Exchange Group (NGX) and the investing public that GTCO Plc has concluded the…
- 10 Dec 2023
Fidelity Bank, Others Top List of Most Capitalized Banks in Q3 2023
Fidelity Bank, leading financial institution, has been listed as one of most capitalized banks in Nigeria based on Q3 2023 financial results. According to an article published in Thisday newspapers,…
- 12 Mar 2024
GTCO to Raise N525Bn through Public Offer
Guaranty Trust Holding Company (GTCO) Plc is preparing to raise about N525 billion capital through public offer to strengthen the capital base of its subsidiary, Guaranty Trust Bank (GTB). The News…
- 8 Jan 2025
GTCO Completes First Phase of Capital Raise Initiative with N209bn
Guaranty Trust Holding Company Plc (“GTCO Plc” or the “Group”) (NGX: GTCO) has successfully completed the first tranche of its equity capital raise programme, following the completion of the capital…
- 31 Dec 2025
GTCO Secures Regulatory Approvals to Raise N10bn in Private Placement
Guaranty Trust Holding Company Plc (“GTCO) has obtained the approvals of both the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) to undertake a private placement of…
- 5 Oct 2025
SEC Fines Stanbic IBTC Capital N50m over GTCO Share Offer
Securities and Exchange Commission (SEC) has fined Stanbic IBTC Capital Limited N50.145 million for regulatory infractions tied to its role in Guaranty Trust Holding Company Plc’s (GTCO) landmark…
- 3 Jul 2025
GTCO to Become First Nigerian Bank to List on London Stock Exchange
By 8 am on July 9, GTCO Holdings is set to commence trading on the London Stock Exchange. As the group is set to list all its shares on the London Stock Exchange, becoming the first Nigerian banking…
- 24 May 2022
11 Banks Rake in N261.99Bn Net Profit in 3 Months
Increased lending by banks to businesses and the economy jacked up interest income in the banking sector, hence, reflecting on the cumulative net profit of N261.991 billion declared by 11 banks…
- 11 Jun 2024
Fidelity Bank Records Largest Single-Day Turnover Volume of over 600m Shares
Fidelity Bank was by far the most traded stock in the NGX on Monday, 10 June 2024, with a turnover volume of about 605.257 million shares, even as the stock gained 6.52% to close at N9.80. …
- 16 May 2025
Fidelity Bank reclaims trillion-naira market cap as stock rises to ₦21
Fidelity Bank Plc, has reentered the trillion-naira market capitalisation club, after its share price rose by 5.3%, climbing from ₦19.95 to ₦21.00 on May 13, 2025, according to data from the Nigerian…
- 20 Jun 2022
Investors Worry about Banks’ N814Bn Non-Performing Loans
Investors at the weekend, urged government to stimulate economic activities, particularly, in ensuring security and facilitating the movement of agricultural produce as well as the seamless export of…
- 7 Nov 2025
Banks’ N1.96Trn Black Hole: Who Took the Loans, Who Defaulted, and Why the Real Economy Suffers
By Blaise Udunze Nigeria’s banking sector has entered a season of reckoning. Eight of the nation’s biggest banks have collectively booked N1.96 trillion in impairment charges in just the first nine…
- 22 Apr 2025
How Nigerian Banks Earned N14.26 Trillion in Interest Income in 2024
Nine leading Nigerian banks collectively generated N14.26 trillion in interest income in 2024, reflecting a 119.55% increase from N6.49 trillion in 2023. This surge is attributed to the Central Bank…
- 26 Jan 2026
Why Nigeria’s Banks Still on Shaky Ground with Big Profits, Weak Capital
By Blaise Udunze Despite the fragile 2024 economy grappling with inflation, currency volatility, and weak growth, Nigeria’s banking industry was widely portrayed as successful and strong amid…
- 30 Nov 2021
Osibanjo, Lawan, Others Seek Digitisation of NGX
Vice President, Prof Yemi Osibanjo, former Central Bank of Nigeria CBN Governor, Mr Sanusi Lamido Sanusi, Senate President Ahmed Lawan, Speaker, House of Representatives, Femi Gbajabiamila and a host…
- 14 Jul 2021
Miriam Olusanya Replaces Segun Agbaje As Managing Director of GTBank
Guaranty Trust Bank (GTBank) has announced the appointment of Miriam Olusanya as new managing director. Miriam Olusanya, new Managing director of GTBanm This was disclosed in a notice signed by the…
- 1 Jan 2025
Corporate Blackmailers as Tinubu’s Enemies
By Aliyu Gaya Corporate blackmail is fast becoming the fancy of some netizens, corporate bodies, individuals, especially fly-by-night persons who target the rich and their businesses for diverse…
- 1 Aug 2024
UBA Ranked Most Visited Banking Website in Nigeria ahead of GTB, Others
Due to the availability of online banking, certain banks have seen a growth in their digital channels Semrush data showed that the UBA is ranked number one, with 2.36 million visits in June 2024. In…
- 16 Oct 2025
How Nigerian Banks Built a N219 Trillion Asset Empire on Depositors’ Funds
By Blaise Udunze In the first quarter of 2025, Nigeria’s 10 largest banks proudly reported a combined total asset base of N218.99 trillion, up from N212.75 trillion at the end of 2024, according to a…
- 28 Sept 2023
Banks Pocket N1.7 Trillion Profits from Forex Harmonization
Nigerian banks recorded significant Foreign exchange revaluation profits estimated at N1.7 trillion in the first half of 2023. This was disclosed through the data collated from the 2023 half-year…
- 30 Oct 2025
Nigerian Banks and the Culture of Concealment: How Financial Results Are Being Cooked to Hide Losses
In Nigeria’s banking industry, profit has become more a press release than a performance. Every results season, the same storyline plays out with record profits, rising assets, and promises of…
- 23 Apr 2025
FG Rakes in N1.2 Trillion from Banks’ VAS
Nigeria’s banking sector, in 2024, thrived in a stormy economic climate, capitalising on market volatility to deliver record profits. According to The Sun , nine of the country’s listed banking…
- 5 Nov 2025
Banks Cash Out, Economy Loses Out: How Nigerian Banks’ N5.05Trn Government Securities Boom is Stifling Real Growth
By Blaise Udunze In a year when Nigeria’s economy continues to groan under the weight of inflation, unemployment, and weak purchasing power, the banking sector has once again recorded a massive…
- 27 Apr 2022
GTCO Plc Releases Q1 2022 Unaudited Results, Reports ₦54.3b Profit Before Tax
Guaranty Trust Holding Company Plc has released its Unaudited Consolidated and Separate Financial Statements for the period ended March 31, 2022, to the Nigerian Exchange Group (NGX) and London Stock…
- 18 Nov 2025
A dangerous Concentration of Power: Is CBN’s Fixed Income Securities Takeover a Ticking Bomb for Nigeria’s Economy?
By Blaise Udunze The Central Bank of Nigeria’s decision to take full control of government securities issuance has been described by some as a bold move toward transparency and market efficiency.…
- 12 Jul 2022
Nigerian Banks Spend N6.9Bn on Welfare Package for MDs/CEOs
Nigerian banks, to keep their directors, and chief executives happy, spent over N6.96 billion on sitting allowance and compensation in 2021, according to ripplesnigeria. This is a 3.32 per cent…
- 25 Feb 2024
Agbaje, GTCO CEO Charges FG on Adoption of Electronic Payments to Propel Digital Economy
Mr Segun Agbaje, the Chief Executive Officer, of Guaranty Trust Holding Company Plc, has emphasised the importance of the federal government adopting electronic payment methods across all sectors to…
- 29 May 2022
GTCO Plc’s GTBank Maintains its Dominance in Financial Services at the Brand Africa 100: Africa’s Best Brands Awards
Guaranty Trust Bank Ltd, the banking subsidiary of Guaranty Trust Holding Company Plc or the Group), emerged winner in four major categories at the 12th annual Brand Africa 100: Africa’s Best Brands…
- 8 Oct 2025
N21trn Illusion: How Banks’ Appetite for Government Debt Chokes Growth
By Blaise Udunze In a healthy economy, banks serve as the arteries through which capital flows to productive enterprises, creating jobs, stimulating innovation, and driving national prosperity. In…
- 31 May 2023
Dangote, Mouka others in Early Lead @ 2023 Consumers Value Awards Voting Platform
Thirty days after the commencement of voting on the 2023 Consumers Value Awards voting portal for the best value for Money brand in fifty-two different categories, Dangote Cement leads the cement…