Guaranty Trust Bank Plc (GTBank) has announced plans to launch an invitation to holders of its $400 million 6.000 percent Notes due 2018 International Cash Tender offer. The lender, in a statement signed by its Company Secretary, Mr. Erhi Obebeduo, said, “Kindly be informed that GTBank intends to launch an invitation to holders of its […]
Investigations into how well some of Nigerian Bank directors believe in their organization has revealed that quite a number of them have surprisingly low stakes in the banks they head, leaving investors to wonder how ready, they truly are in improving the fortunes of these organizations. In analyzing the financial positions of six of Nigeria’s […]
Guaranty Trust Bank, Access Bank and Zenith Bank are set to take over telecommunications firm, Etisalat, over unpaid N541.8billion debt. According to the report, the move follows the failure of the Nigerian Communication Commission (NCC) to broker a peaceful resolution between Etisalat Nigeria and a consortium of banks. The consortium of some foreign and the […]