The transaction is to enable Nigeria’s biggest lender by market value consolidate its businesses into a single group, set up payments and asset management subsidiaries.
GT Bank is optimistic the metamorphosis will help bolster profitability at a time when lenders are seeing drops in earnings from core banking business, forcing rivals like Access Bank and Sterling to also see a holdco structure as the way to go.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
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.
Exchange-traded fund market cap hits N20.32bn –NGX - Punch NewspapersThe most widely read newspaper in Nigeria
Source: MobilePunch - 🏆 8. / 63 Read more »
Exchange-traded fund market cap hits N20.32bn –NGX - Punch NewspapersThe most widely read newspaper in Nigeria
Source: MobilePunch - 🏆 8. / 63 Read more »
Insecurity: Bamalli Polytechnic reopens after bandits attackThe polytechnic suspended all academic activities after an attack by bandits at its campus.
Source: PremiumTimesng - 🏆 3. / 78 Read more »
Nigerian stocks climb on bank shares gains | Premium Times NigeriaNigerian stocks climb on bank shares gains
Source: PremiumTimesng - 🏆 3. / 78 Read more »
Again, Ekiti APC suspends two members over fraternity with pro-Tinubu group - Daily Post NigeriaFor allegedly hobnobbing with the South West Agenda for 2023 (SWAGA), a political platform rooting for the Presidential aspiration of the former Lagos Two things I'll summarily put up here: 1. A house divided against itself, can NOT stand. 2. Point one above is indicative that BATman's running a race in futility. A battle yet to be fought, but the sad tales of his inglorious defeat already awash the lands. GO HOME MAN! 🙄 It seems that Apc is gradually edging out tinubu loyalists.
Source: DailyPostNGR - 🏆 11. / 59 Read more »
Again, Ekiti APC Suspends Two Members for Fraternising with Pro-Tinubu GroupBy Victor Ogunje For allegedly fraternising with the South West Agenda for 2023 (SWAGA), a political platform rooting for the Presidential aspiration of the former Lagos State Governor, Asiwaju Bol…
Source: THISDAY LIVE - 🏆 14. / 51 Read more »