By JKNewsMedia SURGING CORPORATE profits and record-breaking financial performance have intensified scrutiny on Nigeria’s banking sector, as Guaranty Trust Holding Company Plc (GTCO) reports a staggering 107.8% increase in pre-tax profits for 2024. With profit before tax hitting ₦1.266 trillion—more than double the ₦609.3 billion recorded in ...
By JKNewsMedia FIDELITY BANK has posted an extraordinary 210% growth in Profit Before Tax (PBT), reaching N385.2 billion for the 2024 financial year. Gross earnings surged by 87.7% to N1.043 trillion, fueled by a 106.9% rise in interest income to N950.6 billion. The bank, in a statement, says this was driven by stronger yields on […]
By JKNewsMedia ACCESS TO car ownership in Nigeria has received a major boost as Stanbic IBTC Bank and Autochek have disbursed over ₦4 billion in vehicle financing since August 2024. The partnership, which integrates banking expertise with automotive technology, has made purchasing vehicles more accessible to Nigerians. Currently, ₦1 billion i...
By JKNewsMedia STRONG INVESTOR demand has propelled Fidelity Bank Plc past expectations in its capital-raising drive, securing an overwhelming 237.92% oversubscription in its Public Offer. The equity capital raise, completed through a Public Offer and Rights Issue, attracted 107,588 valid applications for 23.77 billion ordinary shares, genera...
