Guaranty Trust Bank plc, GTBank, has announced the expiration and final tender results of the any and all cash tender offer with respect to the U.S.$500,000,000 7.50 per cent notes due 2016, which Securities were issued by its wholly owned subsidiary, GTB Finance B.V. and unconditionally and irrevocably guaranteed by the Bank. As the Expiration…
Problems battling with telecoms giant in Nigeria, MTN Communications Limited seem to be compounding by the day. While the company is still struggling to pay its fine slammed on it by the Federal Government of Nigeria, and as well as a lawsuit instituted against it by rival organisation, Etisalat over the sale of Visafone, MTN…
Two leading Fast Moving Consumer Goods (FMCG) companies in Nigeria, GlaxoSmithKline Nigeria and Nestle Nigeria have found themselves in murky waters of court action as the Federal Government drag both companies before a Federal High Court in Lagos for alleged infringements in the consumer promotions. This has pushed the FG to file criminal charges against…
Nigeria’s GTBank yesterday launched a cash tender for its $500,000,000 7.50 percent Eurobond maturing May 2016. This being the first transaction of its kind in Nigeria would boost the financial strength of the banks as well as its commitment to excellence and best practices. In its statement, the bank said the liability management exercise allowed…
One of the leading commercial institutions in Nigeria, Ecobank Nigeria, has handed over to the police for prosecution three of its employees found to have stolen a total sum of N2.8 Million from customers’ accounts through forged signatures. The alleged offence was discovered by the Quality Assurance Unit of the bank during weekly reconciliation. Consequently,…
Foremost financial institution, GTBank has restated its commitment to continue investing in both the academic and social well being on Nigerian university undergraduates, as it unveils the latest Mini Cooper winner, Hassan Jamiu Olawale, who emerged winner of the 3rd Season of the GTCrea8 Mini Cooper giveaway special. At the events draw which held recently…
Leading investor and Chairman, Heirs Holdings, UBA Plc and founder of the Tony Elumelu Foundation, Tony O. Elumelu has applauded the U.S. House of Representatives for the passage of the ‘Electrify Africa Act,’ which took nearly three years trying to get the measure through both chambers of Congress. The Electrify Africa Act creates a framework…
Mr. Tony Elumelu, Chairman, Heirs Holdings and Founder Tony Elumelu Foundation has called on the United States Congress to pass the ‘Electrify Africa Act’ stating that the passage in to law would make a world of difference in Africa. “When you leave this place call your Representatives and the leadership of the House and ask…
Everyone desires financial success, but that desire must be matched with SMART financial goals to translate to success. Most times, we set financial goals that are self-defeating. The reason why it seems like New Year resolutions to eat healthier or exercise regularly almost always fail by the second month of the year is because most…
The Tony Elumelu Foundation and United Bank for Africa Plc (UBA) partnered with the United States Department of Commerce to host a panel and roundtable discussion between members of the U.S. Presidential Council on Doing Business in Africa (PCDBIA)and a diverse community of African entrepreneurs. The 11 person U.S. delegation, along with representatives of several…