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GTBank Releases Q1 2017 Unaudited Results... Reports Profit before Tax of ₦50.39Billion

GTBank Releases Q1 2017 Unaudited Results... Reports Profit before Tax of ₦50.39Billion

Lagos, Nigeria – April, 2017   Guaranty Trust Bank plc has released its unaudited financial results for the quarter ended March 31, 2017 to the Nigerian and London Stock Exchanges.A review of the results shows positive performance across all financial indices, reaffirming the Bank’s position as one of the most profitable and well managed financial institutions in Nigeria. Gross earnings for the period grew by 39% to ₦104.66billion from ₦75.39billion reported in March 2016; driven primarily by growth in interest income. Profit before tax stood at ₦50.39billion, representing a growth of 64% over ₦30.68billion recorded in the corresponding period of March 2016. The Bank’s loan to customers dipped marginally by 2% from ₦1.591trillion recorded in December 2016 to ₦1.563trillion as at March 2017. Deposit from customers grew marginally by 1% from ₦1.986trillion in December 2016 to ₦2.012trillion in March 2017. The Bank’s balance sheet remained strong with a 1.6% growth in Total Assets... Read More

 

17th February, 2014

 

Ndani TV will present the first edition of the annual #YTech100 - 100 of Nigeria’s most innovative at Social Media Week, Lagos 2014. The 100 will be hosted at an invitation only event on Friday, 22 February 2014 at Four Points by Sheraton, Lekki, Lagos.

“We are excited to host the brightest and best in the Nigerian technology eco-system,” said Jade Osiberu, who heads Ndani TV. “These are some of the leading lights in the country in terms of innovation, thought-leadership and trendsetting, as well as those driving development and growth in this crucial sector. We are proud to lead at the intersection of media and technology and to be part of supporting that community.”

The event will spotlight influential technology leaders from Konga to Jumia, iROKO to Jobberman, as well as emerging visionaries from innovation hubs including the Co-Creation Hub, the Wennovation Hub, Capital Square and SPARK.

#YTech100 will hold as one of the major highlight of Social Media Week Lagos 2014 and will spotlight ideas, vision and impact of this sector as well as drive interaction on the factors that have helped leverage opportunities and potential in the local and international markets.

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“Many of these trailblazers have been guests on Digits, our show dedicated to the businesses and visionaries that define the Tech space in Nigeria,” said Olaitan Adegoke, producer of the show. “We are glad to have them all together in one space – as we advance the kind of interaction that leads to even greater impact.”

This event is hosted by Y!/YNaija.com and presented by Ndani TV. For more information, kindly visit http://www.ynaija.com and http://www.ndani.com/blog

About Ndani                                                                                                           

Ndani is Swahili for ‘inside’ and represents our one singular proposition: to take you inside Africa. From Kenya’s own Silicon Valley, the beautiful South African coats, to Nigeria’s vast entertainment landscape, let Ndani take you on a journey into the depths of Africa, unveiling the beauty inside. Discover the best of Africa’s neo soul on Ndani Sessions.

On The Juice, Toolz interviews the hottest names on the African music scene and the continent’s future business tycoons share secrets learnt on their challenging, yet rewarding journeys to success and recognition on Young CEO’s.

Ndani will feature the best of New Nollywood as well as the classics. With exclusive interviews and backstage access to Africa’s largest fashion events, features on the continent’s most beautiful destinations and the most exciting sport interviews and analytics, Ndani TV will be the purveyor of Pan African taste and the #1 online destination for premium African business, entertainment and travel content.

 

Source: www.modernghana.com

 

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