Guaranty Trust Bank, GTBank, has dragged 60 top executives of 13 commercial banks to court over a N17 billion Anchor Borrowers Programme (ABP) debt. The affected persons include chairmen, chief executive officers, directors, and company secretaries of the 13 banks.

Oil prices dipped over a weak demand outlook as China’s, the world’s second-largest crude consumer, industrial production slowed down. The bearish trade was also supported by a strong US dollar which kept energy costs elevated amidst a hawkish tone from the Federal Reserve.