Browsing: GTCO

Nigeria’s top five banks that need no introduction have extended their market value due to investors’ position taking in tier-1 stocks. Details gathered by MarketForces Africa showed that the combined market value of the top five banks surged past N6.2 trillion in the local bourse on Friday close. 

The Securities and Exchange Commission (SEC) says not less than N1.682 trillion has been raised by banks through e-offering in the recapitalisation exercise. Dr Emomotimi Agama, the Director- General of SEC, said this in a statement on Wednesday in Lagos.