GTCO delists GDRs from London stock exchange effective July 31
Guaranty Trust Holding Company Plc has formally delisted its Global Depositary Receipts from the London Stock Exchange, effective 8:00 a.m. on July…
Banking
All the news and updates from the banking sector; Access Bank, GTBank, First Bank, First City Monument Bank, United Bank of Africa etcs
AfDB commits $1.2m grant to support Nigeria’s power sector
The African Development Bank has committed $1.2 million in grants to fund a feasibility study on Battery Energy Storage Systems in Nigeria.…
Access Bank expands global footprint with AfrAsia acquisition
Access Bank Plc, through its wholly owned subsidiary Access Bank UK Limited, has completed the acquisition of a 76% majority stake in…
Zenith Bank ranked Nigeria’s best bank
Zenith Bank Plc has been named Nigeria’s Best Bank at the 2025 Euromoney Awards for Excellence, the most prestigious national accolade in…
FG, Otedola not involved in Otudeko ₦323bn deal – FistHoldCo
The Federal Government of Nigeria and billionaire businessman, Femi Otedola, the Chairman of FirstHoldCo Plc, have both denied any role in the…
Fidelity Bank shares exchange in massive ₦24bn off-market deal
In a significant off-market transaction on Friday, a total of 1,140,866,892 units of Fidelity Bank Plc shares were exchanged across nine negotiated…
Oba Otudeko exits First Holdco in N323.33bn stake deal
A significant shift has taken place at Nigeria’s oldest banking group, First Holdco Plc, with the exit of key shareholder Oba Otudeko…
AfDB flags off $263.8m infrastructure project in Abia
The African Development Bank has launched a $263.8 million integrated infrastructure project in Abia State to upgrade urban infrastructure and rehabilitate more…
GTCO becomes first banking stock to cross N100 threshold
Guaranty Trust Holding Company made history on Wednesday, by becoming the first banking stock under the Nigerian Exchange Banking Index to trade…
GTCO eyes 15% dividend yield after London listing
Guaranty Trust Holding Company is setting ambitious performance targets following its landmark dual listing on the London Stock Exchange, aiming for a…
CBN orders banks to submit capital restoration plans
The Central Bank of Nigeria has mandated banks to submit a Capital Restoration Plan as part of its strategy to wind down…
Five banks meet CBN capitalisation requirements ahead of 2026 deadline
At least five Nigerian banks have successfully met the Central Bank of Nigeria’s new capital thresholds as of the end of the…