Ecobank Launches $250m Private Placement, Picks RenCap as Adviser
Pan-African lender Ecobank Transnational Incorporated (ETI) has launched a private placement of contingent convertible notes targeting proceeds of $250 million
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Money
Nigeria’s Top Lender GTCO Eyes $100m in London Stock Listing
Guaranty Trust Holding Company Plc (GTCO), Nigeria’s biggest lender by market value, has announced the launch of “a fully marketed
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GTCO’s Profit Tumbles 44% in First Quarter
Guaranty Trust Holding Company, Nigeria’s biggest bank by market value, posted a profit of N258.03 billion in the first three
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Africa Finance Corporation Taps ex-Citi Boss Samuel-Ogbu as Chair
Africa Finance Corporation (AFC) has announced the appointment of Ireti Samuel-Ogbu as chair of its board of directors. She succeeds
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AVCA, PEVCA Merge To Boost Private Capital in Nigeria
The African Private Capital Association (AVCA) and the Private Equity and Venture Capital Association, Nigeria (PEVCA) have announced a merger
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UBA’s Loan Book Shrinks Amid Record-High Interest Rates
The United Bank for Africa saw its loans and advances to customers decline to N6.83 trillion in March from N6.95
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Zenith Bank’s Fraud Loss Deepens While Peers See Decline
Zenith Bank Plc, Nigeria’s biggest bank by net profit, witnessed a 14-fold surge in fraud-related losses in 2024, while several
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Ten Banks Cough Out N316bn in Windfall Tax on FX Gains
By Lydia Oluremi Ten of Nigeria’s commercial banks paid a total of N316 billion to the government from the foreign
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FirstHoldCo Takes Lead in Profit Growth Among Nigeria’s Top Banks
By Lydia Adenike First HoldCo, the parent of FirstBank of Nigeria, saw its profit for last year surge 118.13 percent
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Profit at FirstBank Parent FirstHoldCo More Than Doubles to N677bn
First HoldCo Plc, the parent of Nigeria’s oldest lender First Bank, posted a profit of N677 billion last year, up
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