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Recapitalisation: Access, GTCO, FBNH, UBA target $2.6bn fresh capital

As banks in Nigeria race to meet the recapitalization demands spelt out by the Central Bank of Nigeria, four of the tier-one banks in...
Business

Recapitalization: GTCO to raise $750m through rights issues

Guaranty Trust Holding Company Plc has unveiled plans to raise $750 million through a rights issue.The company disclosed this in a notice of the...
Business

NGX: GTCO, Dangote Sugar, Flour Mill stocks tumble as investors shed N412bn in five hours

Investors in the Nigerian equities market lost N412 billion at the close of trading on Friday.The stock market resumed from the Eid-El-Fitr holiday on...
Business

Nigeria’s Tier-One Banks Battle For Dominance As Assets Hit All-Time High Of N94trn

Nigeria’s tier-one banks have set a new record by growing their assets to N94.22tn which is the equivalent of $76.6bn (N1,230/$), defying expert predictions.THE...
Business

GTCO profit rises by 184.5%, hits N609.3bn for 2023

Guaranty Trust Holding Company GTCO Plc, has recorded 184.5 per cent increase in its Profit Before Tax, PBT to N609.3 billion in the financial...
Business

GTCO, UBA, ZENITH, JULI top list of stocks to watch this week

As trading activities return after the easter holidays, GTCO, UBA, ZENITH, JULI have emerged as some of the top stocks to watch out for...
Business

MTNN, TRANSPOWER, GTCO, JULIUS BERGER top list of stocks to watch this week

With the local bourse in full swing of bull dominance by gaining in all the trading sessions of the previous week, investors must be...
Business

NGX: JBERGER, GTCO, FBNH, MTNN, FLOURMILL others lift market as Investors gain N581bn

Stocks like JULIUS BERGER, GTCO, FBNH, MTNN, FLOURMILL boosted the equities market as investors made a profit of N581bn at the end of trading...
Business

Bank Of Ghana Suspends Forex Licences Of GTB, First Bank, Sends Strong Warning

The Bank of Ghana has suspended the Foreign Exchange Trading Licences of Guaranty Trust Bank Ghana Limited (GTB) and FBNBank Ghana Limited (FBN).The ban...
Business

GTCO, Zenith Bank, PZ, Transcorp top lists of stocks to watch this week

For the second consecutive week, investors in the Nigerian equities market endured bearish sentiments as the listed equities lost in four of the five...
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