MarketMetrics

 Guaranty Trust Bank Plc is a Nigerian tier-1 bank currently considering a holding company structure despite a strong standalone strength drives and intrinsic creditworthiness. GTBank, with business operation in Nigeria,  Ghana, Cote D’Ivoire, Gambia, Sierra Leone,Liberia, and the United Kingdom was recently declared as the best digital bank by a leading rating agency. Below is the snapshot of the firm’s unaudited financial statement for the period ended 30 September 2020. SPOTLIGHT ·       As a result of COVID-19 pandemic, The Bank activated its Business Continuity Plans and one of the initiatives to prevent business disruptions while ensuring adequate customer service delivery was virtual working approach to reduce exposure through provision of virtual private network (VPN) access to staff from different remote locations without compromising security. This input, as evidenced by the award as the ‘Nigeria’s best digital bank in 2020 by ...

 

Nigeria put in effect the increase in Stamp Duty on Capital Market transactions from 0.075% to 0.08% effective from 7th of December 2020. What is Stamp Duty? According to Stamp Duty Act of Nigeria, it is a tax payable on dutiable instruments either in physical or in an electronic form. The administration of this tax can be Ad-valorem, that is, according to value of the transaction, or a Flat rate, where a fix sum is charged on all transactions. Myths and Facts of  Stamp Duty Historically, Stamp Duty originated centuries ago in Europe but became established in Nigeria as a result of Ordinance 41 of 1939. Prior to the advent of electronic technologies, a postage stamp had to be attached to the document to denote that stamp duty had been paid before the document was legally effective. The FIRS stated recently that, “ postage stamp is administered by NIPOST for the purposes of delivery of items and documents. It does not denote duty and, therefore, not a substitute for the FIR...

  Source: NSE, FMDQ, NASD & CBN

  52 Week low : the lowest price the security has traded at within a year. 52 Week High : the highest price the security has traded at within a year.