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…
- 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…
- 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…
- 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…
- 9 May 2024
CBN Unveils List of Licensed Deposit Money Banks
Central Bank of Nigeria (CBN) has released the list of licenced Deposit Money Banks operating in the country. Providing insights into the banking landscape in Nigeria, the list was made public on the…
- 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…
- 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…
- 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…
- 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…
- 2 Mar 2022
Pencom Approves Acquisition of Pension Operators by GTCO, FCMB
The National Pension Commission on Wednesday announced the approval of the request for the merger and acquisition of some operators in the pension industry. The Commission said it approved the…
- 19 Jan 2024
Coronation Merchant Bank Strengthens Management Team with New Appointments
Coronation Merchant Bank Limited has announced the appointment of three key experienced professionals to its executive management team. A statement from the Bank explained that the new appointees are…
- 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…
- 15 Jul 2025
Zenith Banks Leads as 8 Banks Suffer N156Bn Impairment Charges
Eight leading Nigerian banks collectively set aside N156 billion as impairment charges on their credit and financial assets, marking a significant financial impact amidst a challenging economic…
- 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…
- 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…
- 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…
- 19 Feb 2020
CBN Releases List of Authorised Banks in Nigeria
Central Bank of Nigeria (CBN) has released the list of deposit money banks and financial holding companies operating in Nigeria, meaning that anybody who transacts banking business outside the list…
- 29 Apr 2022
PenCom Probes PFAs’ Funds as Deadline for Recapitalization Ends Today
The National Pension Commission is investigating the nation’s Pension Fund Administrators evidence of meeting its new capital requirements ahead of the April 30, 2022 recapitalisation deadline,…
- 18 Mar 2026
One SA Bank Equals Nigeria’s Entire Banking Sector - Why Recapitalisation Is Critical for Global Competitiveness
By Blaise Udunze Nigeria has always prided itself as Africa’s largest economy and most populous nation. Currently, its banking sector is confronting a moment of truth that should send shockwaves.…
- 26 Apr 2026
Systemically Weak Banks Put Nigeria’s $1Trillion Ambition at Risk
By Blaise Udunze Nigeria’s banking sector has just undergone one of its most ambitious recapitalisation exercises in two decades, all thanks to the Central Bank of Nigeria under the leadership of…
- 13 Feb 2025
Banking Consolidation Less Likely as Nigerian Banks Meet Capital Requirements – Fitch
Fitch Ratings has said that Nigerian banks are making significant progress in raising core capital to meet new paid-in capital requirements. The rating agency noted that the banks are generally on…
- 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…
- 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…
- 1 Sept 2021
CBN Directs Banks to Publish Names of Forex Defaulters
Central Bank of Nigeria (CBN) has mandated banks to publish the names of customers trying to obtain foreign exchange under false pretences. The commercial banks have been directed to publish names…
- 13 Aug 2021
Bank Chiefs Threaten Arrest, Prosecution of Customers Involved in Fraudulent Forex Purchases
The chief executives of deposit money banks in the country have warned customers against using fraudulent methods to get access to foreign exchange (Forex) from banks, saying those caught…
- 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…
- 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…
- 17 Jun 2025
Nigerian Stock Market Suffers ₦183 Billion Loss Amid Profit-Taking
Nigerian stock market continued its downward trend on Tuesday, June 17, with investors losing ₦183 billion in market value. The Nigerian Exchange Ltd. (NGX) saw its total capitalisation decline from…
- 24 Oct 2025
Recapitalisation Reality Check: Uncovering the Truth Behind Nigeria’s Banking Boom
By Blaise Udunze When the Central Bank of Nigeria (CBN) announced a new round of bank recapitalisation in March 2024, many expected the leading banks, especially those boasting record-breaking…
- 12 Feb 2024
Access Holdings Appoints Agbede as Acting GCEO
The Board of Directors of Access Holdings Plc (‘the Company’) has announced the appointment of Ms. Bolaji Agbede as the acting group chief executive officer of the Company following the unfortunate…