Guaranty Trust Holding Company Plc (“GTCO Plc” or “the Group”) has released its Audited Consolidated and Separate Financial Statements for the year ended December 31, 2021, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE). The Group’s balance sheet remained well structured and resilient with total assets and shareholders’ funds closing FY 2021…
For the full year ended December 31, 2021, the Management of Dangote Sugar has revealed that the group’s production volume increased by 9.2 percent to 811,962 tonnes in contrast to 743,858 tonnes, in the corresponding period of 2020. This volume was said to be achieved on the strength of improved operational efficiency despite the adverse…
Africa’s Global Bank, United Bank for Africa (UBA) Plc, has announced its audited results for the full year ended December 31, 2021, reporting impressive performance in key financial metrics. The 2021 financial result filed by the bank at the Nigerian Stock Exchange (NSE) on March 4, 2022, showed that gross earnings rose significantly to N660.2…
In commemoration of the International Women’s Day 2022, foremost financial institution, Fidelity Bank Plc, has announced plans to celebrate leading women and female achievers at a networking event in partnership with media entrepreneur – Linda Ikeji – on Tuesday, 8 March 2022. Themed ‘Breaking the Bias’, this year’s International Women’s Day celebration is aimed at…
Transcorp Hotels Plc has announced its Audited Financial Statements for the full year ended December 31, 2021. The results published on the Nigerian Group Exchange showed a 114% growth in Revenue to N21.74bn from N10.16bn as of December 2020, while Gross Profit rose by 143 % to N16.23bn from N6.67bn. The Company’s results show an impressive growth in its…
Stanbic IBTC Stockbrokers Limited, a subsidiary of Stanbic IBTC Holdings PLC, has introduced the Stanbic IBTC Stockbroking Zero Account Opening campaign to help drive local participation in the capital market. The campaign, the company said, is targeted at removing the limitations to equity investment and providing investment opportunities that would attract the influx of new…
Dangote Cement’s commitment to environmental disclosures and sustainability is yielding the desired results with Carbon Disclosure Project (CDP) raising its rating from C to B- even as it proposes a dividend of N20 per share for the year ended December 31, 2021. The CDP is an international non-profit organization based in the United Kingdom which…
In alignment with its strategic vision of building Africa’s first diverse business ecosystem, industry-agnostic Investment Company, VFD Group Plc, has recently acquired a 5% stake in the Nigerian Exchange Group (NGX) – making VFD Group one of its majority shareholders. The NGX Group Plc is a leading integrated market infrastructure in Africa that services the…
Leading financial institution, Fidelity Bank has reiterated its commitment to enriching the lives of its customers as it announced the third set of 10 millionaires in its Get Alert in Millions season 5 (GAIM 5) promo. The third monthly draw of the campaign which held in Victoria Island, Lagos on Tuesday, 22 February 2022 had…
Fidelity Bank Plc, a leading Nigerian bank, has reaffirmed its commitment to actively support the Central Bank of Nigeria’s (CBN) efforts to achieve its goal of $200 billion in Foreign Exchange (FX) repatriation from non-oil exports over the next five years. The Executive Director, Northern Businesses, Fidelity Bank Plc, Hassan Imam made this known on…