Investors of GTCO, Zenith Bank lose N247.6bn to sell pressures

June 24, 2022 Blueprint 0

Sell pressure witnessed on shares of the Zenith Bank Plc and GTCO Plc since the beginning of the year has resulted in investors of both banks losing about N247.623 billion at the close of trading on Wednesday. According to findings, while shares of GTCO Plc dropped by 19.23 per cent to N21.00 per share N26.00 which was the opening share Read More

Zenith Bank, GTCO, 7 others’ bad loans hit N814bn

May 17, 2022 Segun Odunewu, Lagos 0

The non-performing loan portfolio of nine Nigerian banks has increased to N814.08 billion as at end of December 2021, indicating a 3.16 per cent rise when compared to the N789.14 billion recorded at the end of 2020. The nine banks are Access Holdings Plc, Zenith Bank Plc, Wema Bank Plc, FCMB Group, Union Bank of Nigeria Plc and Stanbic IBTC Read More

Access Bank, GTCO, Fidelity Bank, others make LinkedIn’s top 25 best workplace

April 14, 2022 Blessing Anaro, Lagos 0

Access Bank, GTCO, Stanbic IBTC, Zenith Bank, Anheuser-Bush Inbev and 20 others have made LinkedIn’s Top 25 best places to work in Nigeria in 2022. This was disclosed by LinkedIn, a global professional network company, in a statement issued and seen by Nairametrics on Tuesday. According to LinkedIn, the companies offer stability in the ever-changing world of work, as they Read More

GTCO shareholders approve N88.293bn total dividend

April 12, 2022 Amaka Ifeakandu 0

Shareholders of GTCO has approved total dividend payment of N88.293 billion for the financial year ended December 31,2021. The total dividend approved translated to N3.00 per ordinary share held by investors. GTCO’s shareholders gave the approval in Lagos at the Holding company’s 1st Annual General Meeting (AGM). The Group proposed a final dividend of N2.70 per share, in addition to Read More

GTCO set for diversification, sees N243bn pots-tax profit 2022

April 4, 2022 Blessing Anaro 0

In spite of the uncertain economic environment that overshadows year 2022, the management of GTCO, umbrella body of GT Bank are certain it will take its profit before tax to a new high by the end of the 2022 financial year (FY). Group Managing Director of the new ‘conglomerate’, Segun Abaje disclosed that the group’s post tax profit is expected Read More

Zenith extends lead over GTCO as most capitalised bank

March 29, 2022 Segun Odunewu 0

GTCO has further dropped behind its market rival, Zenith Bank on the most capitalized or valuable company and financial institutions in Nigeria after its shareholders lost N89.76 billion last week, with total investment held by stakeholders now worth N681.33 billion as of Friday last week, against the N771.09 billion owned on March 18. This further extends the gap between GTCO Read More