Month: July 2024

Guaranty Trust Holding Company Plc (GTCO) says it plans to raise N400.5 billion through a public offer on the Nigerian Exchange Ltd. (NGX). Mr Segun Agbaje, Group Managing Director of GTCO, disclosed this on Monday during the “Facts Behind the Offer Presentation” in Lagos.

The Nigerian naira crashed further on Monday due to sustained US dollar scarcity challenges and rising forex demand. The authority’s thinking or expectation is not clear as the exchange rate continues to weaken in a country that depends more on imports.