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On 17 June 2004, following a successful IPO, the bank became a public limited company. On 21 October 2004 its shares of the stock were listed on the Nigeria Stock Exchange (NSE). The bank's shares are traded on the London Stock Exchange (LSE) following a listing of the $850 million worth of its shares at $6.80 each, in 2013. [1] [12]
The IPO market in 2019's been a bit of a Jekyll and Hyde affair with some well-known unicorns such as Lyft (NASDAQ:LYFT) and Uber (NYSE:UBER) disappointing investors while others like PagerDuty ...
Nigeria is a federal republic in West Africa, bordering Benin in the west, Chad and Cameroon in the east, and Niger in the north. As of 2015 Nigeria has the world's 20th largest economy, worth more than $500 billion and $1 trillion in terms of nominal GDP and purchasing power parity respectively. It overtook South Africa to become Africa's ...
Shares of Nigeria's second-biggest listed company, MTN Nigeria , fell 10% on Wednesday to a five-week low after it set a retail public offer price that was lower than its share price on the stock ...
In the same year, it was adjudged the best bank in Nigeria for the ninth time. [36] In 2020, Guaranty Trust Bank was awarded the Euromoney Excellence in Leadership Africa Award and was also named the Best Bank in Nigeria by Euromoney [37] in 2020 and Africa's best Bank by the same publication in 2021. [38]
Opera News: released in 2018, a news app with an AI-engine [52] In 2020, Opera announced that its Opera News service had more than 200 million monthly active users. [ 53 ] OPay: a fintech startup incubated by Opera, [ 54 ] it is a mobile-based money platform in Nigeria released in 2018.
Some 108 companies conducted their IPO in 2023 and raised $19.4 billion, according to Renaissance Capital. Those figures rose markedly from the 2022 doldrums of 71 IPOs and just $7.7 billion raised.