It’s Official: Otudeko Sells FirstHoldCo Shares for N196bn
Oba Otudeko, a long-time significant shareholder in First HoldCo, has offloaded his shares in the parent of the country’s oldest
Read more
Money
Zenith Becomes Second Bank to Hit N3trn Valuation as Shares Soar
Zenith Bank saw its market capitalisation cross the N3 trillion mark on Wednesday, becoming the second lender to achieve the
Read more
Chapel Hill Denham Advises GTCO on ‘Landmark’ London Deal
Lagos-based investment bank Chapel Hill Denham acted as financial adviser to Guaranty Trust Holding Company (GTCO) on its $105 million
Read more
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
Read more
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
Read more
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
Read more
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
Read more
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
Read more
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
Read more
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
Read more