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gtbank

GTCO Bolsters GTBank With N365.85 Billion Injection, Secures International Licence

August 30, 2025

Guaranty Trust Holding Company Plc has injected N365.85 billion into its subsidiary Guaranty Trust Bank Limited to comply with the Central Bank of Nigeria’s new capital requirements for internationally licensed banks. The

Business News·News

GTBank’s Cyber Attack: A Warning Sign for Nigeria’s Financial Sector

August 20, 2024

In recent years, the Nigerian banking sector has faced a growing threat from cybercriminals. The latest incident involves Guaranty Trust Bank Plc (GTBank), which recently confirmed an attempted cyber attack on its

Business News·News

GTCO Records 217% Growth In N327.4 Billion H1 Profit Before Tax

September 3, 2023

Guaranty Trust Holding Company Plc (“GTCO” or the “Group”) has released its Audited Consolidated and Separate Financial Statements for the period ended June 30, 2023, to the Nigerian Exchange Group (NGX) and

CBN Issues Guideline On How To Avoid Getting Duped By Illegal Financial Operators

Business News

CBN Warns GTBank, Stanbic IBTC, Others Over Dealings With 6 Countries

July 7, 2023

The Central Bank of Nigeria (CBN) has warned Deposit Money Banks (DMBs) and other financial institutions in Nigeria to take extra caution when transacting with businesses or individuals residing in Cameroon, Croatia, Russia

Business News

GTBank, Unity Bank, Leadway, Others Under Investigation For Customer Data Breach

June 30, 2023

The National Commissioner, Nigeria Data Protection Commission (NDPC), Vincent Olatunji, has disclosed that Guaranty Trust Bank (GTBank), Leadway Insurance and some companies are under investigation for data breaches. According to Olatunji on

Business News·Insights

GTBank, UBA, Access Bank Compete For Nollywood’s $85.43bn Financial Opportunity

June 16, 2023

Nigerian Deposit Money Banks (DMBs) have taken their rivalry beyond the financial sector, extending their fight for dominance and relevance to the movie industry in Nigeria. It’s no news that banks are

Business News·News

GTBank Hosts Popular American Chef, Jessica Craig For Lagos Masterclass On Pastry Skills

April 15, 2023

GTBank will be hosting New York’s celebrated pastry chef, Jessica Craig, in its 2023 edition of “GTCO Food and Drink” to take participants through the process of making decadent desserts. The bank,

GTCO, First Bank Fail To Make Top Five Performing Nigerian Bank Stocks In H1

Business News·Insights

Why FCMB, GTBank, Access, Stanbic IBTC CEOs Seek HoldCo Structure, To Stay More

April 13, 2023

The Nigerian banking industry is in the season of transition from a core banking operation to a Holding Company (HoldCo) structure. Out of 15 commercial banks operating in Nigeria, at least seven

Business News

GTBank’s Parent Firm Risks Regulatory Sanction Over Financial Statement

March 24, 2023

Guaranty Trust Holding Company (GTCO) risks facing regulatory sanction over its Audited Financial Statements (AFS) for the year ended 31 December 2022. GTCO, the parent company established out of Guaranty Trust Bank

GTBank Addresses Funding Tinubu’s Presidential Ambition With N500m

Business News

GTBank: ‘We Didn’t Give N500m New Naira Notes To Tinubu On Election Eve’

March 1, 2023

Guaranty Trust Bank (GTBank) has refuted claims that the financial institution financed the Presidential ambition of Bola Tinubu, the eventual winner of the election. It was alleged by a Twitter user, (@)ifygold21,

Business News

N13 billion Debt: Court Says GTBank Violates Order, Tries To Undermine Proceedings

February 21, 2023

After trying to gain access to one of Stallion Nigeria Limited’s properties in Victoria Island, Lagos, the Federal High Court has ruled that Guaranty Trust (GT) Bank violated court judgements. Two weeks

Business News

CBN Sets Limit For GTBank, Zenith Bank, Others On New Naira Withdrawal

February 2, 2023

The Central Bank of Nigeria (CBN) has instructed Guaranty Trust Bank (GTBank), Zenith Bank, and other commercial banks to start distributing the redesigned Naira notes over the counter. Recall that the central

Business News

Moody’s Says Its Highly Risky To Invest In GTBank, Fidelity Bank, 7 Others

February 2, 2023

Guaranty Trust Bank (GTBank), Access Bank Plc, First Bank of Nigeria (FBN) and six other commercial banks have been downgraded by the international rating agency, Moody’s. Moody’s, which assesses investment risk in

Business News

GTBank Admits To Money Laundering Failure, Loses $9.3 million

January 11, 2023

The United Kingdom’s Financial Conduct Authority (FCA) revealed on Tuesday that the UK subsidiary of Guaranty Trust Bank (GTBank) has an inadequate money laundering system. As a result, it fined GTBank £11

Business News

GTBank Blocks Customers From Using Naira Mastercard For International Transactions

December 30, 2022

Customers of Guaranty Trust Bank (GTBank) have been blocked from conducting international transactions on the naira Mastercard. The financial institution revealed this in an email sent to account holders titled, ‘Important Update

19 Bank Workers Sacked, As Nigerian Banks Lose N1.17 billion To Fraud

Business News

GTBank, UBA, Others To Borrow Exporters N500 billion Due To Forex Scarcity

December 12, 2022

Guaranty Trust Bank (GTBank), United Bank for Africa (UBA), First Bank, and other Nigerian lenders have agreed to loan N500 billion to export-oriented companies. According to the Governor of the Central Bank

Naira Scarcity: Zenith Bank's Profit Drops To N223.91bn, Faces N967bn Lawsuits

Business News

Zenith Bank, GTBank, Seven Others Risk Credit Downgrade Over Struggle With Forex

October 17, 2022

Zenith Bank Plc, Guaranty Trust Bank Limited (GTBank), First Bank of Nigeria (FBN) Limited and six other Nigerian banks have been listed for a possible downgrade in their credit ratings by Moody’s,

CBN Places Service Restriction On PoS Agents Across Nigeria

Business News·Top Stories

CBN Deducts N838.8 billion Depositors’ Funds From GTBank, Zenith, First Bank, 12 Others

October 4, 2022

Over N838.82 billion of depositors funds in Zenith Bank, Guaranty Trust Bank (GTBank), First Bank of Nigeria (FBN) and 12 others were debited by the Central Bank of Nigeria (CBN). The CBN

Business News·Insights

How GTCO Shareholders Lost N163.34 billion, Amid Declining Investor Confidence

July 4, 2022

Shareholders of Guaranty Trust Holding Company (GTCO) lost -21.15% of their investment in the financial institution, as the Segun Agbaje-led firm loses investors’ confidence. GTCO stock had began January at N26 per

Business News·Finance & Economy·Insights

Ranking: Five Best Performing Tier-1 Nigerian Banks In Q1 2022

June 20, 2022

Customers’ deposits in the vault of Nigerian tier-1 financial institutions, First Bank, United Bank for Africa (UBA), Guaranty Trust Bank (GTBank), Access Bank and Zenith Bank rose to N31.58 trillion as at

Business News·Finance & Economy·Insights

GTBank, Access Bank Record 32,992 Fraud Cases In One Year, As Fraudsters Target Customers’ Accounts

June 17, 2022

A total of 32,992 fraud cases were perpetrated through the financial system of tier-1 Nigerian lenders, Guaranty Trust (GT) Bank and Access Bank in 2021, more than both firms recorded the previous

Business News·Personal Finance

Four Ways NPower Beneficiaries Can Collect Loans Without Collateral

June 8, 2022

Are you an NPower beneficiary in need of quick loan because the amount given by the Federal Government is not enough for your personal upkeep or to run your small business, but

Business News·Insights

How Segun Agbaje Lost N143.05 million in Three Months, Amid GTCO’s Poor Financial Performance

June 7, 2022

The last three months has been a disappointing period for investment banker, Segun Agbaje, the Group Chief Executive Officer of Guaranty Trust Holding Company (GTCO), as his total investment in the financial

Finance & Economy·News

Nike, Dangote, MTN, DSTV, GTBank ranked most admired brands in Africa

August 28, 2021

Brand Africa’s unveiling of top 100 most admired brands on the continent has thrown up Nike, South Africa’s MTN and DSTV as well as Nigeria’s Dangote Group and Guaranty Trust Bank (GTB)

News·Finance & Economy

Entrepreneur Hails Women Leading Top Nigerian Banks

July 16, 2021

Sonola Ademide Adeoye, an entrepreneur and owner of Mide Interiors, has hailed women heading some of the top Nigerian banks, saying it is a great feat that deserves commendations. The Lagos-based business

Finance & Economy

Miriam Olusanya Replaces Agbaje As GTBank Managing Director

July 14, 2021

Miriam Olusanya has replaced Segun Agbaje as Managing Director of Guaranty Trust Bank. Her appointment was disclosed in a notice to the Nigerian Exchange Group Limited (NGX) which was signed by the

News·Transport

Fire destroys GTBank office, shops at Ladipo Market, Lagos

July 7, 2021

A Guaranty Trust Bank (GTBank) office, and a building housing several shops and apartments within the popular Ladipo Market in Lagos, were today Wednesday, July 7, destroyed by fire. The fire outbreak

Finance & Economy·News

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