Guaranty Trust Bank

 Naira hits fresh all-time low

Video / Thu, 01 Dec 2016 14:14:30 GMT

Naira hits fresh all-time low

As severe foreign exchange shortages persist across Nigeria, the naira hit a fresh all-time low of 480 to the dollar in the parallel market

 Bargain hunting drive Nigerian equities up

Video / Thu, 24 Nov 2016 07:58:01 GMT

Bargain hunting drive Nigerian equities up

The NSE All Share Index halted its eight-day losing streak, gaining 21 basis points at the close of trading. This was largely driven by bargain hunting in Nestle, GT Bank, PZ and Nigerian Breweries.

 Nigeria issues N100bn OMO T-bills

Video / Mon, 07 Nov 2016 08:11:59 GMT

Nigeria issues N100bn OMO T-bills

Nigeria's central bank last week stepped up its efforts to mop up liquidity in the banking system by issuing over N100 billion OMO T-bills two weeks before the November monetary policy committee meeting.

 Gt Bank reports earnings, beat expectations

Video / Thu, 20 Oct 2016 10:58:08 GMT

Gt Bank reports earnings, beat expectations

Beating analysts' expectations, Guaranty Trust Bank yesterday reported a 54 per cent rise in net earnings to 120 billion naira for the 9 months up to September. Sewa Wusu, Head Research at SCM Capital joins CNBC Africa for more.

 Nigeria overnight lending rate at record high

Video / Wed, 19 Oct 2016 07:52:12 GMT

Nigeria overnight lending rate at record high

Nigeria's overnight interbank rate was quoted at a record high of 150 percent on Tuesday, two days after lenders placed funds with the central bank to participate in last Friday's currency forward auction.

 Nigeria's stock market vs global markets

Video / Fri, 14 Oct 2016 08:03:56 GMT

Nigeria's stock market vs global markets

A sharp decline in Chinese exports saw global equity markets slump to a three-month low on Thursday. Meanwhile Nigeria's All share Index was down 0.62 per cent as sell pressure on GT bank brought the benchmark index lower.

 Cyber fraud cases worsen in Nigeria

Video / Wed, 12 Oct 2016 11:02:47 GMT

Cyber fraud cases worsen in Nigeria

According to Cyber exchange, cyber frauds attempts in Nigeria increased by 1,000 times in the first half of 2016 alone. Many major companies across the globe continue to spend billions on cyber security annually to keep hackers at bay.

 Yields on Nigerian T-Bills fall at auction

Video / Thu, 06 Oct 2016 13:50:33 GMT

Yields on Nigerian T-Bills fall at auction

According to a Central Bank report, liquidity in Nigeria's forex space is set to remain challenging in the second half of 2016 due to low oil prices. Meanwhile, yields on short-dated treasury bills fell across the board at an auction yesterday.

 How is the naira measuring up?

Video / Mon, 05 Sep 2016 14:00:02 GMT

How is the naira measuring up?

Nigeria's naira is now the poorest-performing currency in Africa this year and globally, only Venezuela and Suriname's currencies have fared worse.

 Nigeria's naira feels heat as black market rate sinks

Video / Mon, 29 Aug 2016 08:48:58 GMT

Nigeria's naira feels heat as black market rate sinks

Parallel market rates were down 3.6 per cent last week, as the naira reached a high of 412 to the greenback. This was driven by the CBN's suspension of nine deposit money banks from the currency market.

 Naira tumbles to N402 per dollar on black market

Video / Thu, 25 Aug 2016 14:03:29 GMT

Naira tumbles to N402 per dollar on black market

The naira dipped to a fresh low of N402 to the dollar at the parallel market on Wednesday, on the back of the Central Bank of Nigeria's decision to ban 9 banks from operating in the inter-bank market yesterday.

 Guaranty Trust Bank reports half-year profit rise

Video / Thu, 18 Aug 2016 11:01:37 GMT

Guaranty Trust Bank reports half-year profit rise

Guaranty Trust Bank reported a 45 per cent rise in half year profit after tax to N74 billion on Tuesday, the latest audited results released at the NSE. Dolapo Ashiru, Managing Director, Lead Securities and Investment joins CNBC Africa for more.

 Nigeria central bank holds OMO T-bills auction

Video / Thu, 21 Jul 2016 14:22:55 GMT

Nigeria central bank holds OMO T-bills auction

Nigeria's central bank held an OMO T-bills auction today to mop up liquidity. Meanwhile, the naira is approaching historic lows in the parallel market as a dollar shortage persists.

 Nigeria's T-Bills maintain bearish sentiment

Video / Wed, 08 Jun 2016 08:23:41 GMT

Nigeria's T-Bills maintain bearish sentiment

Following the announcement of an OMO auction, the treasury bills market maintained a bearish trend. Similarly, bears continued to dominate the bond market. Lekan Olabisi, Forex Dealer at GT Bank joins CNBC Africa for more.

 Nigerian traders expect market to remain bearish

Video / Thu, 05 May 2016 14:07:15 GMT

Nigerian traders expect market to remain bearish

Traders say market indicators are pointing to a further increase in bearish sentiments. Lekan Olabisi, Forex dealer at GT Bank, joins CNBC Africa to review the fixed income and forex markets.