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Guaranty Trust Bank undertook its second share offering in 2004 and raised over ₦11 billion from Nigerian Investors to expand its operations. On 26 July 2007, GTBank became the very first Subsaharan bank and first Nigerian joint stock company to be listed on London Stock Exchange and Deutsche Börse. The IPO raised US$750,000,000. [14]
The Innoson Group vs GTBank fraud case involves claims where plaintiff Innoson Motors claims that GT Bank owes Innoson Motors a large sum of money that after 22% interest compounded annually over several years totals ₦ 8.9 billion. However, the Nigerian government is also investigating claims that Innoson Motors is guilty of fraud. [ 1]
Corruption in Nigeria is a constant phenomenon. In 2012, Nigeria was estimated to have lost over $400 billion to corruption since its independence. [2][3] Nigerian politicians find themselves in a strong position of power and wealth due to their connections with the oil and gas industries in Nigeria.
Gap is showing signs of a comeback.In Q2, revenue grew 5% to $3.72 billion, compared to estimates of $3.63 billion, while adjusted earnings per share came in at $0.54, compared to estimates of $0.40.
September 18, 2024 at 10:20 AM. General Mills Faces Mixed Q1 Results: Earnings Win, Sales Drop, And Big Bets On 2025 Rebound. General Mills, Inc. (NYSE: GIS) shares are trading marginally lower on ...
The list of companies listed on the Toronto Stock Exchange is divided by initial: Companies listed on the Toronto Stock Exchange (0-9) Companies listed on the Toronto Stock Exchange (A) Companies listed on the Toronto Stock Exchange (B) Companies listed on the Toronto Stock Exchange (C) Companies listed on the Toronto Stock Exchange (D)
Please check your Internet connection and try again. Dollar General (DG) stock tumbled 32% on Thursday after the discount retailer cut its outlook, pointing to a financially pressured customer ...
The Toronto Stock Exchange (TSX; French: Bourse de Toronto) is a stock exchange located in Toronto, Ontario, Canada. It is the 10th largest exchange in the world and the third largest in North America based on market capitalization. Based in the EY Tower in Toronto's Financial District, the TSX is a wholly owned subsidiary of the TMX Group for ...