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GTB Shareholders rejoice over 25 kobo interim dividend

Published

12 years ago

on

MD GT Bank

Shareholders of Guaranty Trust Bank, GTB, have commended the continuous move by the bank to always compensate them with interim dividend, describing it as magnanimous.

Leaders of different shareholders group that reacted on the development said that paying interim dividend has become a traditional way through GTB ensures that its loyal shareholders do not get stranded, especially at the yuletide season.
Mr. Adebayo Adeleke, General Secretary, Independent Shareholders Association of Nigeria, ISAN, said it has become a yearly ritual that shareholders look up to, adding that GTB has always met and surpassed shareholders’ expectation.
“That is why GTB is GTB. I hope other banks will follow suite and they can only do that by putting their houses in order,” he said.
Chief Gbadebo Olatokunbo, member, Renaissance Shareholders Association of Nigeria, said, “We didn’t expect less from them. They lead while others follow in terms of return on investment. This development shows that 2012 will definitely be a good year when investors converge to consider the account next year.”
Also reacting, Chief Olufemi Timothy described it as good development, saying that GTB was only sustaining what they have been doing. He noted that this was part of the reason why GTB’s shares remain one of the most attractive banking stocks in the stock market, trading above N18 per share at the moment.
He said it was time other banks, especially First Bank of Nigeria, FBN, and United Bank for Africa, UBA, emulate that by also giving interim dividend.
“GTB has always being good to shareholders. Giving interim dividend, particularly at this time of the year when people need money is quite commendable. What this means is that shareholders should be expecting over N1.00 dividend at the end of the year,” he added.
Speaking in the vein, Chief Sola Abodunrin, Chairman, Ibadan Zone Shareholders Association, said, “Shareholders appreciate GTB for paying this 25kobo interim dividend. This is what they have been doing consistently over the years in a country where some companies are always too ready wipe out our profit under controversial circumstance with the exception GTB that often ensures that shareholders enjoy the benefit of their investment early.”
It would be recalled that the Bank had declared 25 kobo interim dividend for the second quarter ended 30th June, 2012 from profit after tax of N45.55 billion.
The bank also recorded profit before taxation of N53.64 billion within the period and Profit from continuing operations of N44.94 billion, a 67.5 per cent growth over the previous figure.
The bank grossed N106.12 billion within the period, compared to N84.77 billion reported in the equivalent period of 2011, amounting to 25 per cent increase.
Its loans and advances improved by 12.4 per cent to N794.70 billion, as against N706.89 billion in 2011.
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Musa Joins Jaiz Bank As Ambassador

Published

15 hours ago

on

November 21, 2024

By

 

Super Eagles Captain, Ahmed Musa has been signed up by Jaiz Bank as a brand ambassador.

An elated Musa made the disclosure in a statement on his verified handle on micro-blogging site, X on Thursday.

The Kano Pillars striker urged his fans to troop to Jaiz Bank to do business for trusting him with the new role.

He exclaimed, “And to my amazing fans – if you want to support me, make sure to head over to Jaiz Bank and open your accounts with them today! ”

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He wrote, “✨Alhamdulillah✨ I am SO excited to announce that I’ve officially joined Jaiz Bank as their newest ambassador! 🎉💼
“A huge thank you to @JaizBankNG for trusting me and allowing me to be a part of this amazing journey! 🙏🏼💚 It’s an honor to represent a brand that believes in growth, security, and financial empowerment.

“I can’t wait to share all the incredible things we’ll be doing together! 🚀💡
And to my amazing fans – if you want to support me, make sure to head over to Jaiz Bank and open your accounts with them today! Let’s grow together! 💪🏼🔑

“@JaizBankNG is a non interest Financial institution poised with a mission to make life better through ethical Finance. 👌👌”

#NewBeginnings #BankWithJaizBank #PartneredUp #TeamJaizBank”

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Kenya Celebrates First Lady Rachel Ruto’s 56th Birthday

Published

2 days ago

on

November 20, 2024

By

On November 20, 2024, Kenya’s First Lady, Rachel Ruto, celebrated her 56th birthday and her husband President William Ruto publicly expressed his love and appreciation for his wife on this special day, wishing her well.

The birthday celebrations were marked by an outpouring of goodwill from political figures, media, and citizens across Kenya, who praised her for her grace, leadership, and significant contributions to society, particularly through initiatives like the Joyful Women Organisation, which aims to empower rural women.

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The day was characterized by a collective acknowledgment of her role as a national figure dedicated to community upliftment.

In a heartfelt message, President William Ruto took to social media, writing, “Happy birthday my love, @MamaRachelRuto. Continue being a blessing to me and our children. Mungu akubariki sana,” which translates to “God bless you abundantly.”

Other prominent leaders also extended their wishes to the First Lady, with Anne Waiguru, EGH, OGW, Governor of Kirinyaga County, tweeting, “Happy Birthday First Lady,” further showing the respect and admiration for Rachel Ruto’s leadership and impact.

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Gas Explosion in Katsina Filling Station Damages Six Vehicles

Published

7 days ago

on

November 15, 2024

By

A gas cylinder explosion at a filling station in Jibia Local Government Area of Katsina State has resulted in significant damage to six vehicles, according to a statement from the Katsina State Police Command.

The command’s spokesperson, Abubakar Sadiq-Aliyu, confirmed the incident, which occurred on Friday, November 15, 2024.

He explained that a loud explosion alerted police operatives from the Jibia Divisional Police Headquarters. Responding promptly, the Divisional Police Officer led a team to the site, supported by military personnel.

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“Upon arrival, operatives found a truck loaded with gas cylinders engulfed in flames at Tamal filling station, along Kagadama-Magamar Jibia Road,” Sadiq-Aliyu stated. The joint team acted swiftly, deploying measures to protect lives and limit property damage. Their efforts successfully extinguished the fire.

The spokesperson added, “Six motor vehicles were significantly affected by the fire incident, but fortunately, no life was lost.”

State Commissioner of Police, Aliyu Abubakar-Musa, has directed a thorough investigation to determine the cause of the explosion. Updates on the findings will be provided as investigations progress.

This incident highlights the need for heightened safety measures at gas filling stations to prevent such occurrences.

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