Tag
GTCO
Reports reaching Nairametrics suggest that GTCO, one of Nigeria's largest banks, is exploring a capital raise of up to N525 billion.
The banking stocks within the SWOOT group are perceived as relatively undervalued when compared to other sector stocks...
Nigeria's Stock Market All Share Index closed 2023 with a return of 45%, the best in 3 years.
GTCO has released its Unaudited Consolidated and Separate Financial Statements for the period ended September 30, 2023.
Nigeria-listed companies posted significantly better returns for their shareholders in the first half of 2023, data from their financial statements shows.
Following the announcement of the removal of subsidies and the unification of the exchange rate, businesses, sectors, industries, and the Nigerian populace have been actively grappling with the consequences and challenges that have emerged.
Nigerian leading commercial banks recorded significant FX revaluation gains estimated at a combined gain of about N1.7 trillion in the first half of 2023, a significant increase compared to a combined gain of N66.559 billion in H1 2022.
Some optimism returned to the Nigerian financial services industry and indeed the equities market in recent weeks with banks and financial holding companies releasing their half-year results.
NGX closed in negative territory at the end of Tuesday’s trading session as equities fell by N294 billion.
GTCO reported its 2023 Half-year results showing pre-tax profits grew by 217.09% year on year, reaching N327.398 billion.
GTCO has released its Audited Consolidated and Separate Financial Statements for the period ended June 30, 2023, to the NGX and LSE.
Nigerian cement giant company, Dangote Cement overtook MTN Nigeria as the most valuable company in the country with a valuation of N5.99 trillion ($7.9 billion) as of the end of July 2023.