GT in Spreadsheet…beyond the magic

BY TESLIM SHITTA-BEY Guaranty Trust Bank (GT Bank) is one of Nigeria’s most profitable commercial lending institutions and one of its most enigmatic. The bank spawned by two dreamy-eyed bankers, Fola Adeola and the late Tayo Aderinokun, posted a 2017 earnings per share of N6.03 or 29.1 per cent higher than the N4.67 posted a year earlier. Profit after More...

by Uchenna Ajah | Published 3 months ago
By Uchenna Ajah On Tuesday, March 20th, 2018

Debt bomb:Nigeria plays with fire

By TESLIM SHITTA-BEY As far as financial bombs go Nigeria’s N22 trillion public debt is in a class of its own. Indeed the country’s total external and internal debt has exploded to a thundering 21.7 trillion More...

By Uchenna Ajah On Sunday, February 25th, 2018

Beating the market slump

TESLIM SHITTA-BEY With year to date yields of stocks taking a bashing in the last two weeks a growing number of investors are toying with the idea of pulling out of equities in search of bumper returns elsewhere. More...

By Uchenna Ajah On Sunday, February 11th, 2018

NPA’s bumper harvest posts N299.56bn in 2017

Funso Olojo   The Nigerian Ports Authority (NPA) has grossed a princely sum of N299.56billion as generated revenue for 2017 fiscal year. Hadiza Bala Usman, MD NPA According to a statement signed by Abdullahi  More...

By Uchenna Ajah On Monday, January 22nd, 2018

Bongo: No cause for alarm over failed MPC meeting

Dr Adi Bongo, economist and faculty member, Lagos Business School, insists there is no cause for alarm following the inability of the Central Bank of Nigeria (CBN to hold the Monetary Policy Committee (MPC) meeting More...

By Felix OLOYEDE On Monday, October 23rd, 2017

Zenith, GTB Q3 results set industry  trends, excite shareholders

By FELIX OLOYEDE Segun Agbaje, GTBank GMD and Peter Amangbo, Zenith MD The prospect of better returns for investors at the end of the year was further reinforced by the financial performance of Zenith Bank and Guarantee More...

By Felix OLOYEDE On Monday, October 23rd, 2017

How UBA Defied gloom: Grows profits and stock value

By OKEY ONYENWEAKU Kennedy Uzoka, GMD UBA Sweeping past recession troubles, United Bank for Africa (UBA) has grown its third quarter (Q3) 2017 profit by 33.2 per cent, one of the strongest year-on-year earnings More...

By hallmarknews On Tuesday, September 29th, 2015

Stress test shows undervaluation of banks’ stocks

By JULIUS ALAGBE The low stock prices being posted by most banks may continue into the coming year as there are no indications that the current price trajectory in the market will change given the tightening liquidity More...