GTCO PLC Launches Public Offer to Raise N400.5Billion

Guaranty Trust Holding Company plc (“GTCO PLC” or the “Issuer”) (NGX: GTCO) has announced the opening of its Offer for Subscription of 9,000,000,000 Ordinary Shares of 50 kobo each at N44.50 per Ordinary Share (the “Offer”) following the clearance of the Offer Prospectus and registration of the Offer Shares by the Securities and Exchange Commission, […]

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Facebook in financial mess, loses $16b in 24 hours

Facebook is in deep financial difficulty after its Chief Executive Officer (CEO), Mark Zuckerberg lost more than $16 billion in less than 24 hours. The company reported weaker-than-expected second-quarter results and issued guidance that its financial future is not as rosy as some investors thought it might be. Set against this backdrop, one activist investor […]

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