Nigeria’s Guaranty Trust Bank Posts 19% Gain in Quarterly Profit

follow @moshmustapha on twitter for more or like on facebook Mosh Byte

Guaranty Trust Bank Plc (GUARANTY), Nigeria’s largest lender by market value, said first-quarter profit climbed 19 percent after investment income increased.

Net income rose to 22.3 billion naira ($140.4 million), from 18.7 billion naira a year earlier, the Lagos-based lender said in a statement published on the website of the Nigerian Stock Exchange. Investment and other operating income jumped 53 percent to 18 billion naira.

Ogun Assembly Approves N16.6bn Loan For Capital Projects, UBEC

follow @moshmustapha on twitter for more or like on facebook Mosh Byte



Ogun State House of Assembly yesterday passed the two resolutions requesting for approval to obtain internal loans of N15 billion from GTB Plc to further the various Ogun Standard projects across the State and N1.6 billion counterpart funding loan for UBEC from ECOBANK Nigeria limited.