GTCO
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economy
Investors gain N795bn as GTCO lists N4.706bn shares
The Nigerian stock market opened the week on a positive note to add N795 billion to the portfolios of investors. The performance was driven by the listing of 4.706 billion ordinary shares of Guaranty Trust Holding Company Plc (GTCO) at N44.50 per share. Accordingly, the market capitalization, which opened at N63.645 trillion, increased by N795 billion to close at N64.440…
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economy
2024 Half Year: GTCO reports N1trn pre-tax profit
Guaranty Trust Holding Company Plc (GTCO) has reported a pre-tax profit of N1.004 trilion for the half year ended June 30, 2024. This was contained in the company’s audited consolidated and separate financial statements sent to the Nigerian Exchange Ltd. (NGX) and London Stock Exchange (LSE) on Wednesday. The milestone figure recorded placed GTCO as the first Nigerian financial institution…
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economy
MTN, Tier-1 banks stocks lift NGX gains by N157bn
Renewed interest in MTN Nigeria, alongside sustained interest in Tier-one banks’ stocks, further raised the equity market by 0.27 percent on Thursday. Specifically, investors gained N157 billion, or 0.27 percent, making the market capitalization, which opened at N58.963 trillion, close at N59.120 trillion. Consequently, the All-Share Index grew by 0.27 percent, or 278.42 points, to close at 104,562.06, as against…
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economy
Tier-1 banks drive stock market performance with N147bn gain
The Nigerian stock market witnessed a significant boost in performance on Friday, propelled by gains in tier-one banks such as Guaranty Trust Holding Company (GTCO), Access Corporation, Zenith Bank, and FBN Holdings, among others. Investors gained a total of N147 billion, or 0.25 percent, leading the market capitalization to rise from N59.021 trillion to close at N59.168 trillion. The All-Share…
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economy
Equity market further appreciates, investors gain N420bn
The domestic bourse on Wednesday closed on the positive with a gain of 0.75 percent as investors sustained buy interest in the shares of Transcorp Power (TransPower), alongside Tier-one banks. Specifically, the shares of Transpower, which opened at N290.40, gained 9.99 percent to close at N319.40 per share. Consequently, the Nigerian Exchange Ltd. (NGX) All-Share Index gained 0.75 percent, or…
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General News
BVN/NIN linkage: Lagos residents besiege banks, seek extension
Bank customers have continued to besiege various bank branches in Lagos to meet Central Bank of Nigeria (CBN) deadline for linking bank verification numbers (BVN) and national identification numbers (NIN) to their accounts. In separate interviews with the News Agency of Nigeria (NAN), the bank customers also asked the CBN to extend the deadline for them to link their BVN…
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economy
Stock market declines further by N773bn on MPR hike
Transactions on the stock market closed negative on Tuesday for the secondary day, depreciating further by 1.38 percent in reaction to the outcome of the Monetary Policy Committee (MPC) meeting of the Central Bank of Nigeria (CBN). The News Agency of Nigeria (NAN) reports that CBN, at the bi-monthly MPC meeting, raised the benchmark lending rate by 400 basis points…
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Featured
NPA/GTCO polo tourney begins in Lagos Saturday
No fewer than 36 teams will slug it out at the 2023 NPA/GTCO Lagos International Polo Tournament to jostle for top honours in four major titles and six subsidiary laurels. The News Agency of Nigeria (NAN) reports that the tournament is scheduled to gallop off from Saturday to Feb. 19 at the Lagos Polo Club Ikoyi. The ambitious teams fully…
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