GTB declares ₦238 billion profit before tax
Guaranty Trust Bank PLC has released its audited financial results for the year ending December 31, 2020, to the Nigerian and London stock exchanges, declaring a profit before tax (PBT) of N238.1 billion.
Appeal court awards damages against EFCC, bank over illegal account freezing
The court of appeal, Lagos has awarded N3.6million damages and cost against the Economic and Financial Crimes Commission (EFCC) and the Guaranty Trust Bank (GTB) for illegally freezing the account of a trading firm, Savannah & Chemical Industries Limited.
Unity Bank, GTB, others lift NSE’s index by N186b
Following price gains by most blue-chip stocks, especially Unity Bank, and Guaranty Trust Bank (GTB), transactions on the equities sector of the Nigerian Stock Exchange...
Investors shun bank shares despite N260 billion Q1 profit
Nigeria’s investment climate, especially that of the stock market, is taking a hit as investors show apathy towards banking stocks despite a strong combined profit
Financial stocks lift NSE’s market capitalisation by N15 billion
Gains recorded by some financial stocks, especially Guaranty Trust Bank (GTB) and Union Bank of Nigeria (UBN), yesterday lifted market capitalisation by N15 billion.
Effective funding optimisation lifts 14 banks Q1 net profit by N256 billion
Effective funding opimisation and drive for efficiency have enhanced profit goals of 14 listed banks, as they achieved cumulative profit of N256.088 billion...
Presco, GTB, others lead stock market’s N2 billion gain
Transactions on the equities sector of the Nigerian Stock Exchange (NSE ) closed in an upbeat yesterday to halt three successive sessions’ negative trend, as price gains recorded by many blue-chip companies, especially Presco and Guaranty Trust Bank...
Election postponement drags stock market All-share index by 1.6%
After eight days of bargain hunting activities, the bears upstaged the bulls yesterday on the trading floor of the Nigerian Stock Exchange, as investors reacted to the postponement of the Saturday general elections. Specifically, the All Share Index (ASI) shed 525.13 absolute points, representing a dip of 1.61 per cent to close at 32,190.07…
Licensing Telcos for payment services, threat to banks, says GTB
Guaranty Trust Bank otherwise GTB has said that the decision of the Central Bank of Nigeria (CBN) to license telecommunications companies for payment services is a threat to banks operating in the country.
Dangote Cement, GTB, others lead N44 billion market gain
Equity transactions on the trading floor of the Nigerian Stock Exchange (NSE), sustained rising profile, following price gains by the bellwethers, especially Dangote Cement, and Guaranty Trust Bank (GTB), as market capitalisation appreciated further by N44 billion. At the close of transactions yesterday, the index rose by 111.04 points or 0.36 per cent to close at…