UBA joins elite companies as its Market Capitalisation Surpasses N1tn Mark Amidst Impressive Financials, Recognitions

Africa’s Global Bank, United Bank for Africa (UBA) Plc, on Monday joined the elite group of companies with market capitalisation of over N1tn just as its share price value hitsN29.90 per share.   At the close of trading on Monday, the Bank’s market capitalization hit N1,022,562,698,843, making it the 3rd most capitalized financial institution in Nigeria, a […]

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Transcorp Hotels Delivers Impressive Q3 Financial Performance, Records 62% Profit Growth

Transcorp Hotels PLC, the hospitality subsidiary of Transcorp Group has announced its financial performance for the third quarter of 2023, showing a strong year-on-year growth on all indices. The leading hospitality brand sustained strong growth, recording 31.76% growth in revenue to N29.9bn from N22.7bn the previous year, and significantly higher than pre-covid performance. Profit also grew by 62% to N5.5bn from from N3.4bn. […]

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GTCO PLC

GTCO Plc Reports ₦433.2billion Profit Before Tax as it releases 2023 Q3 unaudited results

Guaranty Trust Holding Company Plc (“GTCO” or the “Group”) has released its Unaudited Consolidated and Separate Financial Statements for the period ended September 30, 2023, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE). The Group reported profit before tax of ₦433.2billion, representing an increase of 155.2% over ₦169.7billion recorded in the corresponding […]

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Chairman, NOVA Merchant Bank, Phillips Oduoza and Managing Director/CEO. Nath Ude

NOVA Merchant Bank Receives Shareholders Nod for Full Commercial Banking License

NOVA Merchant Bank has received approval from its shareholders to transition into commercial banking. The shareholders gave their unanimous approval during the company’s 6th Annual General Meeting in Lagos on Wednesday, where they agreed that the bank remains well-positioned to sustain and build upon its growth legacy. At the meeting, the company’s Board of Directors took […]

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GTCO PLC

GTCO Plc Releases 2023 Q1 Unaudited Results, Records ₦74.1billion PBT

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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