Nigeria, April 25 -- Guaranty Trust Holding Company Plc (GTCO) has appointed Suleiman Barau, a former deputy governor of the Central Bank of Nigeria (CBN)as its new group chairman, following shareholders' approval of a total dividend payout of N8.03 per share for the 2023 financial year.

The announcement, made at the group's fourth Annual General Meeting held virtually on Thursday, is subject to regulatory approval.

Mr Barau served at the CBN from 2007 to 2017. His appointment is part of GTCO's succession plan and comes at a time when the group is navigating regulatory reforms and capital requirements within Nigeria's banking sector.

According to PUNCH, outgoing chairperson Hezekiah Oyinlola expressed confidence in Mr Barau's ability t...