Monthly Archives: April 2016
Guaranty Trust Bank plc has released its unaudited financial results for the first quarter ended March 31, 2016 to the Nigerian and London Stock Exchanges.
A review of the 1Q 2016 result shows that the Bank continued to consolidate on its position as one of the most profitable and well managed financial institutions in Nigeria, recording moderate growth from its core banking activities. However, decline in trading and revaluation gains occasioned by FX paucity robbed off on the impressive performance recorded with a 4.6% decline in gross earnings to N75.39 billion (Q1, 2015: N79.02 billion), a 6.1% decline in Profit Before Tax to N30.68 billion (Q1, 2015: N32.65 billion) and 3.6% decline in Profit After Tax (PAT) to N25.61 billion (Q1 2015: N26.56 billion).
The Peoples Democratic Party has lamented that it had yet to recover from the fight that made the former President, Olusegun Obasanjo, tear his membership card and dumped the party.
Foremost African financial institution, Guaranty Trust Bank plc, has partnered African-focused entrepreneurship accelerator, She Leads Africa (SLA) and the Work in Progress! Alliance (Oxfam and VC4Africa) to launch the She Leads Africa Accelerator, a 3 month program designed to identify, support and fund the next generation of Nigeria’s brightest female entrepreneurs.
Following revelations from the leaked Panama Papers, former Senate President, David Mark, has denied owning eight offshore companies in British Virgin Island.
Lagos is set to be treated to gastronomic delights as foremost financial institution, Guaranty Trust Bank plc, announces the first GTBank Food & Drink Weekend. Scheduled for the 1st and 2nd of May, 2016, the 2-day event is designed to showcase Nigeria’s emerging food industry as well as offer a wide variety of cuisines, such that attendees will be able to taste their way around the world.