11
JanGuaranty Trust Bank United Kingdom Limited has reached a settlement with the UK Financial Conduct Authority, accepting findings in relation to historical anti-money laundering controls in its operations between October 2014 and July 2019. The Bank has agreed a penalty sum of £7.67 million, which has been calculated by reference to a proportion of the revenues of GTBank […]
09
JanAirtel Africa Plc has announced that its Nigerian subsidiary, Airtel Networks Limited, has purchased 100 MHz of spectrum in the 3500MHz band and 2x5MHz of 2600MHz from the Nigerian Communications Commission (NCC) for a gross consideration of $316.7m, payable in local currency. This additional spectrum will support our investments in network expansion for both mobile data and[…]
09
JanThe stock market last week was marginally down by 0.06% with the All Share Index and Market Capitalisation closing at 51,222.34 points and N27.899 trillion respectively. In a stock market review with Mallam Garba Kurfi, MD/CEO of APT Securities and Funds Limited, the following were discussed: Excerpts: The market closed the week on a negative note with[…]
