The Nigerian Exchange Limited has announced the full suspension of trading in the shares of Guaranty Trust Bank ahead of the listing of the lender’s holding company on the Exchange.
The NGX, in its weekly report, notified trading licence holders and the investing public that trading in the shares of GTBank was suspended on Friday. “The suspension is necessary to prevent trading in the shares of the bank in preparation for the eventual delisting of Guaranty Trust Bank Plc from the Daily Official List of the Nigerian Exchange Limited and listing of the holding company, Guaranty Trust Holding Company Plc on NGX,” it said.
GTBank had announced in November last year that it had obtained an approval-in-principle from the Central Bank of Nigeria to commence a formal process of restructuring to a financial holding company. It said the holding company structure would have greater strategic flexibility to adapt to future business opportunities as well as market and regulatory changes.Read Also
Being a holding company is no joke 😑... Make gtbank consider this decision 😒 I no want glitch for my account o 👩🦯😏
Way tin dem do¡¿... make i go cormot my moni 1st🏃♂️🏃♂️🏃♂️
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: MobilePunch - 🏆 8. / 63 Read more »
Source: PremiumTimesng - 🏆 3. / 78 Read more »
Source: PremiumTimesng - 🏆 3. / 78 Read more »
Source: MobilePunch - 🏆 8. / 63 Read more »
Source: MobilePunch - 🏆 8. / 63 Read more »
Source: MobilePunch - 🏆 8. / 63 Read more »