GTCO Holdings
GTBank denies website cloning claims, confirms attempted domain breach
Guaranty Trust Bank (GTBank) has confirmed an attempted hacking incident on its website, addressing recent media reports that claimed hackers had seized and cloned the bank's website, intercepting customer data.
Top 10 Banks that got highest FX from CBN’s latest Retail Dutch Auction
The Central Bank of Nigeria (CBN) recently conducted a Retail Dutch Auction System (rDAS) on August 6, 2024, in an effort to mitigate the rising demand pressures in the foreign exchange (FX) market and to promote price discovery.
Who are the contractors behind Nigerian Data Centres?
Against this backdrop of investment into Nigeria’s IT infrastructure, we’re reviewing the main contractors that executed the construction of these Data Centres in Nigeria.
Appeal Court quashes N20 million damages against Guaranty Trust Bank, backs it’s Know-Your-Customer requirements on corporate account
The Court of Appeal in Abuja has overturned a N20 million damages ruling against Guaranty Trust Bank (GTB) by the Federal Capital Territory High Court.
Public Offer: “GTCO will be the first Nigerian company to achieve $1 billion profit”- Agbaje
Guaranty Trust Holding Company Plc (GTCO) has said that its proposed N400.5 billion capital raise via public offer is intended to enhance its capital base and expand its international footprint.
Nigerian stocks you can invest in H2’2024 – Investment analysts
Equities trading on the Nigerian Exchange Limited (NGX) finished the first half of 2024 (January-June) with notable positivity, driven by a significant surge in investor confidence in listed corporations.
CBN mulls new regulation to drive compliance by Nigerian fintechs
The Central Bank of Nigeria (CBN) has said it is working on a new regulation aimed at improving the level of compliance and corporate governance practice by fintechs in the country.
Anchor Borrowers Programme: Court orders GTB to seize Afex’s assets in Nigeria over N17.8 billion debt
A Federal High Court sitting in Lagos has ordered Guaranty Trust Bank (GTB) to temporarily seize the assets of Afex Commodities Exchange over a N17.808 billion outstanding debt associated with the much-talked-about Anchor Borrowers Programme of the Central Bank of Nigeria (CBN).
Forex crisis: EFCC receives Court’s approval to freeze 1,146 accounts involved in illicit transactions
A Federal High Court in Abuja has approved an interim order requested by the Economic and Financial Crimes Commission (EFCC) to freeze at least 1,146 bank accounts owned by various individuals and companies allegedly involved in illegal foreign exchange transactions.
Top female MD/CEOs of Banks and Bank HoldCos in Nigeria 2024
In the past five to six years, Nigeria's banking sector has witnessed remarkable growth, with the NGX banking index soaring by 114.89% in 2023.
Ranking Nigerian Banks that have declared the most dividend in 5 years
The Nigerian banking industry is one of the most lucrative business sectors in the economy, playing a pivotal role in driving growth and development in Nigeria’s economic landscape.
Habari Pay post N1.3 billion profits in 6 months, up 300%
GTCO's fintech subsidiary, Habari Pay reported a profit after tax of N1.3 billion in the first half of 2023 up from N322.9 million a year earlier.
Recap: Top bank executives resign as shareholders position to cash out amid dividend payouts
There were lots of fascinating developments in Corporate Nigeria last week, from top executive resignations to dividend announcements. Let's recap...
AXA Mansard announces Director’s resignation.
Mr. Ohis Ohiwerei, an Independent Non-Executive Director of AXA Mansard Insurance Plc, has resigned from the company’s board, effective from August 31, 2021. This was announced via a notice signed by the company’s secretary, Omowunmi Mabel Adewusi, and made available on the website of the Nigerian Exchange Limited (NGX). The Board seized the opportunity to […]
NGX Suspends Trading on GTB Shares ahead of Holdco listing.
The Nigerian Exchange Group Limited (NGX) has suspended trading in the shares of GT Bank Plc, ahead of its listing as a holding company. This was disclosed by the head of listings and regulation department of the NGX, Godstime Iwenekhai, through a bulletin issued on Friday. Commenting on the recent development, Iwenekhai said: “Trading License Holders and the investing […]
List of Nigerian banks offering highest dividend yields
These Nigerian banks are currently posting high dividend yields, offering investors stable option for earning passive income.
Nigerian stocks you can buy today and still qualify to earn dividends
The conditions given by a number of companies on NGX provide new investors with the opportunities to benefit from their dividends.
GT Bank Plc holds FY 2020 investors presentation.
Guaranty Trust Bank Plc held its FY 2020 results presentation to investors and analysts. Below are the facts to the figures; The bank recorded a customer base of over 21.9 million as at the end of FY 2020. A total of 24,115 active POS terminals, 1,366 ATMs, 575 million unique transactions, and 5.43 million active […]
Mega corporations payout N950 Billion dividends in 2020
Corporate Nigeria paid over N958 billion in dividends in 2020, according to data from the annual reports of the companies.
Total Nigeria Plc records 344% rise in PAT for Q3 2020
Total Nigeria Plc recorded an 881% rise in Profit Before Tax (PBT) for the period under view.
Mobile transactions in Nigeria double to N12.8 trillion in 9 months
A total of 438.28 million transactions were recorded through mobile, higher than the 284.5 million transactions recorded in 2021
Is something fishy going on at Custodian Plc?
Custodian stock hit a year high just as it announced a Convertible Loan Instrument set to be approved at its AGM.
Nigerian stocks end slightly red amid strong gains from GUINNESS, PRESTIGE
The market breadth closed positive as GUINNESS led 20 Gainers, as against 13 Losers topped by SOVRENINS.
Buy what? GTBank vs Zenith Bank
Despite being amongst the most capitalised banks in Nigeria, both still have a long way to go in catching up with the largest banks on the African continent.
How well are the investments in GTBank’s subsidiaries paying off?
The bank would have expected to generate better returns on investment on the N56.9 billion invested in subsidiaries.
Strong sell-offs in STANBIC IBTC, top pharmaceuticals weigh slightly on Nigerian stocks
Today’s market performance was mostly driven by a significant dip in bellwether STANBIC by -10.00%.
GTBank, Ecobank, WAPCO stocks plunge amid profit-taking
The All Share Index dropped by negative 0.10% to close at 42,000.01 index points as against 0.74% plunge recorded on Wednesday.
Analysts pick Nigerian stocks Warren Buffett may likely buy
Financial market experts talk on what Nigerian stocks Warren Buffet may likely consider, based on his unique principles.
Increase in data, voice revenue in 2020 9M failed to impact profit of MTN Nigeria
Even though the telecoms sector was projected to post stellar profits due to increased use of data during the COVID-19, MTN seems to have faltered.
Stocks, cryptos rank high as financial experts reveal their best investments in 2020
As top financial experts and analysts discuss their best investments this year, guess which assets made the list?
GTBank denies website cloning claims, confirms attempted domain breach
Guaranty Trust Bank (GTBank) has confirmed an attempted hacking incident on its website, addressing recent media reports that claimed hackers had seized and cloned the bank's website, intercepting customer data.
Access Holdings turns to social media Influencers to market Rights Issue
Access Holdings, Nigeria’s largest financial services company, is enlisting the services of social media influencers to promote its substantial N350 billion rights issue.
What GTCO plans to do with its N400.5 billion capital raise
GTCO Holdings, the parent group of GT Bank has announced plans to commence a N400.5 billion public offering.
Nigerian Breweries posts N29.9 billion equity gain, as stock market appreciates by 0.2%
Nigerian Breweries Plc (NB) was the best-performing stock in the NGX today, gaining 10%, marking a N29.9 billion equity gain. The stock closed at N31.90 from an opening price of N29.00.
Anchor Borrowers Programme: Court orders GTB to seize Afex’s assets in Nigeria over N17.8 billion debt
A Federal High Court sitting in Lagos has ordered Guaranty Trust Bank (GTB) to temporarily seize the assets of Afex Commodities Exchange over a N17.808 billion outstanding debt associated with the much-talked-about Anchor Borrowers Programme of the Central Bank of Nigeria (CBN).
Tier-1 Nigerian banks earn N392 billion from electronic business in 2023
Nigerian tier-1 banks raked in N392 billion from electronic business in 2023 as more Nigerians embrace cashless transactions.
GT Fund Managers reports 374% growth in assets under management in 2023
GT Fund Managers (GTFM), the investment management business of GTCO Holdings, reported its total Assets Under Management (AUM) as N330.5 billion in 2023.
Investors react as NGX banking stocks plunge by 26.7% since recapitalization announcement
Recall that on March 28, 2024, the CBN revised the minimum capital requirements for banks. And since then, the market capitalization of banking stocks in the NGX has declined by 26.7%. Between March 28 and April 18, the cumulative market cap of banking stocks in the NGX declined from N8.08 trillion to N6.34 trillion.
Moniepoint denies being “layered” on GTB Infrastructure
Moniepoint Group has denied claims by the CEO of Educare, Alex Onyia that its system was layered on the infrastructure of GTBank.
9M 2023: Highest profit-generating companies in Nigeria so far
On the back of ever-rising interest rates in Nigeria, banks have risen to the occasion to become some of the most profitable entities in Nigeria in 2023.
