Browsing: Banks

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.

Inflation rate accelerated by 26 basis points in May to 33.95% due to higher food items prices in Nigeria amidst uncertainties, according to data released by statistics office. In its report, the National Bureau of Statistics (NBS) said that in May 2024, the headline inflation rate increased to 33.95% from 33.69% in April.