Guaranty Trust Bank Ltd (“Guaranty Trust” or “the Bank”) has been named Best Bank in Nigeria at the Euromoney Awards for Excellence 2023. This marks a record 12th time that Guaranty Trust Bank has been recognised as the leading financial institution in Nigeria. Announcing the award, Euromoney stated: “Nigeria’s Best Bank, Guaranty Trust Bank, has […]
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JP Morgan, an American multinational financial services firm, says the naira is expected to appreciate, and trade at about N600 to the dollar in the coming months. The financial institution made the projection in a statement on Thursday. On Wednesday, the Central Bank of Nigeria announced the unification of all segments of the forex exchange […]
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NIGERIA – President Bola Tinubu has directed the National Economic Council (NEC) to come up with inputs on palliatives and the minimum wage review as part of measures to cushion the pain of subsidy removal. The directive is coming as part of a way of meeting the demands of the Trade Union Congress, who said […]
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The meeting on subsidy removal between the Nigeria Labour Congress (NLC), Trade Union Congress (TUC) and the federal government of Nigeria has ended without an agreement. The meeting called by the federal government, was intended to reach an agreement with organised labour after President Bola Tinubu’s announcement that petrol subsidy would cease to be in […]
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Former governor of Anambra state and presidential candidate of the Labour Party, Peter Obi, has said the Dangote Petroleum Refinery and Petrochemicals will be beneficial to the country’s economy. Recall that President Muhammadu Buhari, inaugurated the refinery, which is currently the world’s largest single-train petroleum refiner, in Lagos State on Monday. Top government officials from […]
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The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has said the Dangote Group has paid back 70 percent of the loans it took to construct an oil refinery. Emefiele spoke at the commissioning of the 650,000 barrels per day (bpd) Dangote Refinery in Lagos on Monday. The CBN boss said the refinery was initially […]
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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 […]
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Shareholders of United Bank for Africa (UBA) Plc have approved the Board’s proposal to pay a dividend of N1.10 per share for the financial year ended December 31, 2022. The shareholders gave their approval at the bank’s 61st Annual General Meeting (AGM) which was held virtually on Thursday, April 27th. The bank had earlier […]
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Transnational Corporation Plc (NGX: TRANSCORP), Nigeria’s largest diversified conglomerate, with investments in Power,Hospitality, and Oil & Gas, held its Investors and Analysts Conference Call on Thursday, April 20, 2023. The call discussed Transcorp’s Full Year 2022 and Q1 2023 financial results and provided an outlook for the rest of the year. Joseph Adegunwa, the Group’s […]
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The annual GTCO Food & Drink Festival is back again for its 6th Edition, and food lovers across Africa and the world are in for a feast like never before! The event is slated to hold from Saturday April 29th till Monday May 1st 2023, at GTCentre, Plot 1 Water Corporation Drive, Oniru, Victoria Island, […]
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