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GTBank’s Agbaje sees higher valuation for HoldCo with eye on pensions, asset mgt acquisition

The chief executive officer (CEO) of Guaranty Trust Bank (GTB), Nigeria’s largest listed lender by market capitalisation, Segun Agbaje, expects investors to reward the bank with a much higher valuation once the transformation into a holding company (HoldCo) model is complete. “The valuation of the HoldCo will outstrip that of the bank as we diversify…

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