Olayemi Cardoso

GTCO Injects N365.85 billion into GTBank to meet CBN’s recapitalisation mandate 

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GTCO Injects N365.85 billion into GTBank to meet CBN’s recapitalisation mandate 

Lagos, Nigeria – August 29, 2025 – Guaranty Trust Holding Company Plc (GTCO) has announced a significant capital injection of N365.85 billion into its flagship subsidiary, Guaranty Trust Bank Limited (GTBank), to comply with the Central Bank of Nigeria’s (CBN) new minimum capital requirements for commercial banks with international authorization. The transaction, disclosed in a … Read more

Financial Fraud in Nigeria Surges by 45%, Central Bank Reports Alarming Trends

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Financial Fraud in Nigeria Surges by 45%, Central Bank Reports Alarming Trends

By Staff ReporterJuly 11, 2025 Nigeria’s financial sector is grappling with a dramatic 45% surge in fraud cases in 2024, with losses totaling N52.26 billion, according to the latest Nigeria Inter-Bank Settlement System (NIBSS) report cited by Fintech Magazine Africa. The Central Bank of Nigeria (CBN) has raised concerns as 70% of these losses are … Read more