Sell pressure witnessed on shares of Access Holdings Plc, GTCO Plc and UBA Plc in six trading sessions has resulted in investors of the banks losing about N35.523 billion at the close of trading on 18, August. Checks showed that Access Bank Plc dropped by 6.70% to N8.35 per share …
Read More »‘FirstBank stays strong’ GTCO, Access Bank, others lose combined market value of N28 billion in one day
The Nigerian Exchange Group (NGX) closes negative for the second consecutive trading day, quoted Tier-1 banks lost a combined market value of N28.35 billion in a day, weighing down the stock market’s overall performance. The performance of these banks, which are the most capitalized banks on the NGX, resulted in …
Read More »‘Will lead to a further deterioration’ Lack of currency reforms worsening forex pressure, increases shortages
The group managing director Cowry Asset Management , Johnson Chukwu has said that lack of currency reforms is worsening foreign exchange pressure and increasing forex shortages in the country. He also said that the resulting negative fiscal balance will lead to a further deterioration of the exchange rate at both …
Read More »‘One-stop shop’ GTCO purchases Investment One Funds Management, Pensions
Guaranty Trust Holding Company plc (GTCO Plc), has announced that it has acquired 100 per cent shares in Investment One Funds Management Limited and Investment One Pensions Managers Limited. The holding company said the acquisition is in line with its business scope to offer broadened services to their clients. In …
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