GTCO Plc Releases 2023 Q1 Unaudited Results …….. Reports Profit Before Tax of ₦74.1billion
GTCO Plc Releases 2023 Q1 Unaudited Results …….. Reports Profit Before Tax of ₦74.1billion Guaranty Trust Holding Company Plc (GTCO or the Group) has released its Unaudited Consolidated and Separate Financial Statements for the period ended March 31, 2023, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE). The Group reported profit before tax of ₦74.1billion, representing an increase of 36.5% over ₦54.3billion recorded in the corresponding period ended March 2022. The Group’s loan book (net) dipped by 1.5% from ₦1.88tril…
Wema Bank collaborates with Karis and Eleos Hope Foundation to commemorate World Malaria Day 2023
Wema Bank collaborates with Karis and Eleos Hope Foundation to commemorate World Malaria Day 2023 Lagos, Nigeria The World Health Organization reports that the highest incidents of malaria outbreaks and deaths are recorded in Africa with over 234 million cases and more than 593,000 deaths in 2021 alone. The report further states that nearly 80% of malaria deaths in the African Region in 2021 were among children under the age of 5. This has led to a heightened awareness and advocacy for malaria prevention, treatment, and care across the co…
Economist: Dismantle Trade Barriers to Sustain Growth, Dangote Urges African Countries
Economist : Dismantle Trade Barriers to Sustain Growth, Dangote Urges African Countries … Commits over $20bn to Pan-African Investments Africa’s foremost entrepreneur and President of the Dangote Group, Aliko Dangote has urged African countries to dismantle all economic barriers hindering free trade among the nations, in order to achieve sustainable growth and development across the continent. DSC 7988: (L-R): Lagos State Commissioner for Finance, Dr. Rabiu Olowo; Managing Director, CT Productions, Camelia Oros Tsarouchis; Group Executi…
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As Fidelity Bank Remains Investors’ Toast*
*As Fidelity Bank Remains Investors’ Toast* In an increasingly uncertain macroeconomic environment, Fidelity Bank Plc has remained appealing in the banking sector. This is evident in its full year 2022 financial results which showed a better-than-expected performance amid the headwinds in the economy. Specifically, in the full year 2022 results, Fidelity Bank’s gross earnings increased to N337,050 billion as of December 31, 2022, significantly higher than the N250,776 billion recorded at the end of 2021. Also, Fidelity Bank’s Net Interest I…
Sudan: Dangote steps in, partners FG, Air Peace on re-settling evacuated Nigerians
Sudan: Dangote steps in, partners FG, Air Peace on re-settling evacuated Nigerians The Board of Trustees of the Aliko Dangote Foundation has resolved to be fully involved in the evacuation and resettling of thousands of Nigerians that are stranded in Sudan. Managing Director and Chief Executive Officer of Aliko Dangote Foundation (ADF), Zouera Youssoufou has been in contact with the Management of Air Peace and the Federal Government to indicate the Foundation’s readiness to support the stranded Nigerians. She said: “The Foundation will co…
Wema Bank Celebrates 78th anniversary, ALAT at six
Wema Bank Celebrates 78th anniversary, ALAT at six Lagos, Nigeria - Wema Bank, a leading Nigerian financial institution renowned for its innovative banking solutions and Africa's first fully digital bank, is set to commemorate its 78th and 6th anniversary with a bang. The week-long celebration, which commences on May 1st, 2023, promises an array of exhilarating activities and competitions open to its employees, clients, and the public. Kicking off the anniversary week is the virtual launch of ALAT Alumni, a platform for former Knights …
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Fidelity Bank: Strengthening the footprint of growth … with impressive FY’22 financials
Fidelity Bank: Strengthening the footprint of growth … with impressive FY’22 financials Fidelity Bank Plc has released its audited financial statements (AFS) for the year ended December 31, 2022 which showed the bank’s impressive growth across key top-to-bottom line figures. The full year 2022 scorecard The bank’s financial results released to the investing public at the Nigeria Exchange Limited (NGX) show its full year (FY) 2022 gross earnings printed higher at N337.050billion, representing 34.4percent increase against N250.776billion reco…
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