Guaranty Trust Bank (GTB) News

Adesola Adeduntan, CEO, First Bank

Nigeria banks trying to stabilize 9mobile ahead of sale, FBN says

Nigerian lenders will try to stabilise the business of 9mobile, the country’s fourth largest telecoms group, until they can find new investors.

GT Bank, Nigeria's biggest bank by market value, has raised the maximum monthly dollar spend limit to $1,000 from

Nigeria Banks Boosting Dollar Spending as Liquidity Improves

Nigerian banks are boosting dollar-spending limits for payment cards denominated in local currency as much as tenfold because of improved foreign-exchange supply.

Tunde Kehinde, Co-Founder, Africa Courier Express (ACE)

Africa Courier Express (ACE): The app that's beating the traffic in Lagos (Photos)

On the streets of Lagos, motorcycles, cars and daredevil cyclists weave through the lanes, jostling for space to avoid getting stuck in the chaotic traffic jams.

Aliko Dangote (Left), Kola Karim, Temitope Balogun (TB) Joshua & Ade Ayeyemi

How Nigeria's top tycoons made their fortunes

Between the politicians and the rich, there is considerable overlap. Running a political campaign is extraordinarily expensive in Nigeria, and many a senator is heard complaining, in private, about how much money is needed to buy a seat.

Herbert Wigwe, CEO, Access Bank

Mobile telephony enables Nigerian banks to fine tune services

Uzoma Dozie can remember when really effective marketing by banks took a different form.

Godwin Emefiele, Governor, Central Bank of Nigeria (CBN)

Is #Nigeria's central bank governor Godwin #Emefiele being made a scape goat? Are low oil prices good for #Nigeria? #ABCView

Yes, Nigeria’s central bank governor, Godwin Emefiele, is in fact being made a scape goat for the country’s economic challenges.

Segun Agbaje, CEO, Guaranty Trust Bank

Nigeria needs to devalue Naira, says Guaranty Trust Bank's CEO Segun Agbaje

Nigeria needs to devalue the naira as falling oil prices and the global markets rout this week mean the currency’s exchange rate is unsustainable, according to biggest local bank by market value.

Market Vectors Africa Index ETF (AFK)

Invest In Africa's Growth Through The Market Vectors Africa Index ETF

The Market Vectors Africa Index ETF is the simplest and most efficient solution for investors to gain exposure to Africa’s economic growth. The fund has experienced a sharp drop in price since 2014, which is not at all correlated to the financial earnings of the fund’s major holdings.

A textile shop at the Oshodi market in Lagos. Photographer: Pius Utomi Ekopei/AFP/Getty Images

No Dollar Access Imperils Nigerian Retailers, Spurs Prices

Mojeed Jamiu is cutting jobs and raising prices to prevent his furniture and clothing store in Lagos from closing after Central Bank of Nigeria Governor Godwin Emefiele restricted foreign currency supply for some imports.

Safaricom's M-PESA

The battle between Africa's mobile phone companies and banks is a boon for financial inclusion

Another week and another bank in Africa is entering the mobile money space.

Eko Atlantic, Lagos, Nigeria

Eko Atlantic: Why Nigeria's plans for a dream Eldorado city in Lagos are not radical enough (Video)

The government of the state of Lagos–Nigeria’s commercial capital–has proudly proclaimed it is building a new city that will become the new financial centre of Nigeria, and perhaps West Africa.

M-PESA - Mobile money in East Africa (Reuters/Noor Khamis)

In South Africa and Nigeria, banks want to be phone companies. In Kenya, the phone company is already the bank

There has been so much discussion about the impact of the mobile phone on the financial industry in African countries but this tweet by former bank boss Michael Jordaan, who is now a venture capitalist, best sums things up: “Telcos becoming banks (MPesa) and banks becoming Telcos (FNB Connect). Africa is leading bank/telco convergence.”

Albert Essien, CEO, Ecobank Group

Ecobank's comeback on course

Ecobank Transnational (ETI) had a strong first quarter, despite last year’s corporate governance issues that gained much media attention and culminated in the dismissal of key board members.

Cobus Visagie looks to pass the ball during Springbok training in Cape Town in 2001. Source: Touchline Photo/ALLSPORT/Getty Images

Big-tackling ex-Springbok rugby player Cobus Visagie starts Africa fund

Cobus Visagie recalls making 18 tackles the day South Africa’s national rugby team kicked its way into the World Cup record books to defeat England.

The Nigerian Stock Exchange's website home page

Boots on the Ground: Investing in Nigeria

I had initially planned to visit Nigeria in December, but postponed my trip until February due to concerns about Ebola. On my way to San Francisco International Airport, I contemplated the wisdom of my decision, having substituted greater political risk in light of the February 14th elections, for Ebola risk.

Africa Market Data

Bargain Hunters Pounce as Nigeria Stocks Rise for Eighth Day

Nigeria’s stocks rose in the longest winning streak since July 2013 as investors bought shares they deemed oversold following declines spurred by concern lower oil prices and elections will hurt the economy.

A shopper peruses the grocery aisles at the South Africa–based Shoprite in the three-year-old Ikeja City Mall. Photo credit: nationalgeographic.com

Global X MSCI Nigeria ETF: Speculative multi-year play approaching attractive valuation

The bet is a very long-term (multi-year) play on: (1) Earnings growth; and (2) Increased multiples assigned to equities by market participants as Nigeria’s markets mature.

Mark Mobius, Executive Chairman of the Templeton Emerging Markets Group, Franklin Templeton Investments

Why Africa is the next emerging markets success story: Mark Mobius, Executive Chairman of the Templeton Emerging Markets Group

Emerging markets super-bull Mark Mobius has his sights set on a new region: Africa.

Cadbury

The 20 most valuable companies in Nigeria

Discover the 20 most valuable companies in Nigeria.

Stanbic IBTC

Is there hidden value in Nigeria's Stanbic IBTC?

Stanbic IBTC is Nigeria’s best-performing bank stock. Its share price has climbed 40.5% this year and 55.4% over the past twelve months. Is it nearing the end of its run? Or is the market offering investors a discount to the bank’s real worth?

Goodluck Jonathan, President of Nigeria

Nigeria's Power Industry Bailout Heads Off Threat to Lenders

Nigeria has headed off a threat to its banking industry by propping up struggling power companies with an intervention fund, said analysts including Pabina Yinkere of Vetiva Capital Management Ltd.

Segun Agbaje, Group Managing Director and CEO, Guaranty Trust Bank

Guaranty Trust Bank (GTBank) named "Best Bank in Nigeria" and "Best Bank in Africa" by Euromoney

African Bank of the year; Guaranty Trust Bank plc was recognized as the ‘Best Bank in Nigeria’ and ‘Best Bank in Africa’ at the 2014 Euromoney Awards that held in London at the Natural History Museum on Thursday, July 10, 2014.

Boston Consulting Group (BCG)

Six African companies giving international competitors a run for their money: Boston Consulting Group (BCG)

Six local African companies (Discovery Health, Douja Promotion Groupe Addoha, Equity Bank, Guaranty Trust Bank, and Woolworths) are giving their globalised competitors a run for their money in their home markets, according to a new report by the US-based Boston Consulting Group (BCG).

Michael Levy, Manager of the Baring Frontier Markets Fund, Baring Asset Management

Africa’s economic lions poised for growth

Nigeria and Kenya should outperform their frontier market peers because of strong economic fundamentals and attractive valuations, managers have said.

Nigerian Stock Exchange (NSE) All-Share Index (ASI)

The Nigerian Stock Exchange flies with help from MSCI

Nigeria is receiving a large influx in foreign portfolio flows in spite of investors’ unease following the terror campaign of Boko Haram, after a closely-tracked index provider increased significantly the weighing of Africa’s largest economy.

Nigerian Naira

Nigerian economy leads frontier market opportunities

Companies such as Guaranty Trust Bank, Zenith Bank, and Nigerian Breweries have put Nigeria at the forefront of frontier market opportunities, according to Baring Asset Management.