29 results
- 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…
- 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…
- 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…
- 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…
- 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…
- 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…
- 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…
- 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,…
- 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…
- 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…
- 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…
- 28 Apr 2016
First Bank to Sack 1,000 Workers
FBN Holdings Plc, the parent company of First Bank Nigeria Limited, is planning to cut about 1000 jobs and focus less on providing loans to the oil industry in a bid to reverse the 2015 financial…
- 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…
- 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…
- 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…
- 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…
- 6 Jul 2022
Kenyan Court Freezes Accounts of Flutterwave, Others for Alleged Money Laundering
A Kenyan high court has reportedly frozen the accounts of Futterwave, a Nigerian fintech, among over alleged money laundering. A total of 56 bank accounts holding a whopping Sh7 billion suspected to…
- 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…
- 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…
- 26 Mar 2015
MasterCard Debuts MSMEs Focused Acceptance Development Program in Nigeria
MasterCard has launched Nigeria’s first Micro, Small and Medium Enterprise (MSME) focused Acceptance Development Program that will extend the security and convenience of electronic payments to…
- 21 May 2023
NGX Fines 18 Firms N36m for Late Filing of Results
NGX Regulation Limited, a wholly owned subsidiary of the Nigerian Exchange Group (NGX Group) has slammed a fine of N35.82 million on Ecobank Transnational Incorporated (ETI), Wema Bank and 16 other…
- 25 Mar 2020
GTBank to Stream AGM Live
Management of Guaranty Trust Bank (GTBank) Plc has disclosed that it would go ahead with its Annual General Meeting (AGM) scheduled for Monday, March 30. Due to the coronavirus pandemic, the Lagos…
- 16 Jul 2017
Etisalat: Bello-Osagie Plots Comeback, ‘9Mobile’ A Transitory Name
The battle for the soul of Etisalat Nigeria (now rebranded 9Mobile) has reached a crescendo as Nigeria CommunicationsWeek investigations showed that Mr. Hakeem Bello-Osagie, former chairman, has…
- 15 Jun 2016
Providus Bank Gets Commercial Banking Licence from CBN
Providus Bank Plc has been granted a commercial banking licence with regional authorisation by the Central Bank of Nigeria (CBN), according to information on the apex bank’s website on Tuesday.…
- 21 Nov 2013
Terrorist Financing: Banks Meet over Plan for Nationwide Shutdown
National Union of Banks, Insurance and Financial Institutions Employees (NUBIFE) said it will meet today to discuss the planned shut down operations nation wide in protest over the continued…
- 2 Sept 2024
ActivEdge Technologies Strengthens Board, Emphasizes Corporate Governance
ActivEdge Technologies, has announced the appointment of two additional directors to the board of the company in a non-executive capacity. While emphasising the company’s commitment to ensuring…
- 11 Nov 2013
Nigerian Banks Have Highest Cost Base
Nigerian banks have been discovered to have the highest cost base amongst their peers due to increased levy paid to the Assets Management Company of Nigeria (AMCON) as well as the poor state of…
- 22 Nov 2013
Nigeria’s Highest Paid CEOs
Being a successful and influential chief executive officer takes hard work, guts, sacrifice and a more-than-average knowledge of how the business environment works. Many who wish to be successful and…