Two Nigerian banks — Guaranty Trust Bank (GTBank) and Stanbic IBTC Bank — have announced foreign exchange rates close to
Nigeria’s currency moved in opposite directions across its two main foreign-exchange markets, highlighting continued volatility in the country’s exchange-rate system
Guaranty Trust Bank (GTCO) has set the exchange rate for international payments on its naira-denominated cards at ₦1,410 per dollar,
Guaranty Trust Holding Company Plc (GTCO) has announced the appointment of Mrs. Marie Namias as an Independent Non-Executive Director (INED).
The Central Bank of Nigeria has announced stricter penalties for deposit money banks that engage unaccredited cheque printers, warning that
Stanbic IBTC Holdings Plc delivered a sharp earnings rebound in FY2025, with profit after tax rising to ₦102.3bn from ₦57.9bn
The unaudited full-year 2025 results of First HoldCo Plc have sparked intense scrutiny among analysts following the disclosure of a
Femi Otedola has increased his ownership stake in First HoldCo Plc to 18.12%, deepening his position as the group’s most
Nigeria’s banking recapitalisation has moved from policy ambition to last-mile arithmetic. With the Central Bank of Nigeria’s March 31, 2026
Nigerian banks are entering a new phase after several years of unusually strong profits. Following large capital raises and a
By any global standard, Tony Elumelu’s 20% stake in UBA is exceptionally large. With his stake in United Bank for
Nigeria’s banking sector is in the midst of its most consequential capital-raising cycle in over a decade. With the Central
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