Navigating the bustling digital sphere, Nigerian banks are in a fierce competition not just for customer deposits, but for attention and engagement. In 2025, social media is no longer a …
GTBANK
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BankingCorporate AffairsDigital TransformationFinance & ServicesInnovationMarketsSocial Media
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BankingBusinessEconomyFinanceINVESTMENTRegulation
GTCO Injects ₦365.85bn Into GTBank to Meet CBN Capital Requirement
Guaranty Trust Holding Company Plc (GTCO) has made a huge capital injection of ₦365.85 billion into its main subsidiary, Guaranty Trust Bank Limited (GTBank), in order to meet the Central …
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BankingBusinessEconomyFinanceForex TradingOil & Gas
Naira Gains Slightly as Nigeria’s External Reserves Hit $41 Billion High
The Nigerian naira recorded a slight appreciation against the United States dollar on Thursday at the official foreign exchange market, as the country’s external reserves rose to a four-year high …
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Banking, Finance & InvestmentBusinessEconomyFinance & ServicesTechnology
Nigerian Banks Resume Naira Debit Card Use for International Transactions
Nigerian banks have resumed the use of naira debit cards for international transactions and online payments, more than three years after suspending the service due to acute dollar scarcity. The …
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Banking, Finance & InvestmentDigital EconomyFinance & ServicesTechnologyTelecommunications
Banks Settle USSD Debts as Telcos Prepare to Start Deducting Charges from Airtime
Thirteen Nigerian commercial banks have finished paying their outstanding Unstructured Supplementary Service Data (USSD) debts to mobile network operators (MNOs). The remaining three banks have paid more than 95 percent …
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Banking, Finance & InvestmentFinance & ServicesNigeriaPoliciesTechnologyTelecommunications
GTBank Begins Deducting N6.98 USSD Fee from Airtime
Guaranty Trust Bank (GTBank) has officially started using a new billing system for its Unstructured Supplementary Service Data (USSD) banking transactions. Starting today, Wednesday, June 18, 2025, the N6.98 USSD …
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Banking, Finance & InvestmentBusinessBusiness InsightsEconomyNigeriaSpotlightTechnologyTelecommunications
GTBank hikes SMS alert fee to ₦6
Guaranty Trust Bank (GTBank) has informed its customers that there will be an increase in the fee for SMS transaction alerts, effective from Thursday, May 1, 2025. The new charge …
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Banking, Finance & InvestmentNigeriaWestern Africa
GT Bank at Ebonyi state gets sealed over alleged non-payment of tax
GT Bank in Abakaliki has been sealed by the Ebonyi State government over non-payment of tax. According to the government, because of its inability to pay its tax to the …
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Banking, Finance & InvestmentBusiness PoliciesWestern Africa
Panic as banks plan downsizing over rising operating costs
There are palpable fears of job loss in the financial sector as banks move to contain rising high operating costs.In the first quarter of the year, the cost of diesel …