Connect with us

Other News

GTB Shareholders rejoice over 25 kobo interim dividend

Published

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.
Click to comment

Other News

NNPC/First E&P JV Empowers NGOs With N53.4m

Published

on

As part of its Corporate Social Responsibility (CSR) initiatives, the Nigerian National Petroleum Company Limited (NNPC Ltd) and First Exploration & Production Limited (First E&P) joint venture (JV) has donated the sum of N53 million to non-governmental organizations (NGOs) in Nigeria.

Under the JV’s Impact First Initiative, the donation, targeted towards enhancing societal welfare, would address areas such as good healthcare and well-being, quality education as well as economic growth within the nation.

Speaking during the cheque presentation ceremony, NNPC Ltd’s Chief Upstream Investment Officer (CUIO), NNPC Upstream Investment Management Services (NUIMS), Mr. Bala Wunti, expressed gratitude to First E & P for initiating the laudable programme.

Represented by the Deputy Manager, External Relations, NUIMS, Mrs. Edith Lawson, Wunti highlighted NNPC Ltd’s belief in the power of CSR, stressing that the Company remains committed to working with its partners to impact the lives of the less-privileged.

Wunti said under the initiative, projects and programmes executed include the provision of classrooms, ICT Centres, laboratories and other infrastructural intervention projects, scholarships, quiz competitions, skill acquisitions, and economic empowerment, a testimony to NNPC’s dedication to fostering sustainable development in Nigeria.

Wunti described First E & P’s foresight and leadership as commendable, adding that the partner has spearheaded the initiative towards meaningful change that will ensure a better future for all Nigerians.

Among the beneficiaries of the donation were the Irede Foundation, which provides custom-made artificial limbs to child amputees aged 0-18 and Human Development Initiative (HDI), which focuses on tackling fundamental issues of poverty, injustice, neglect, deprivation, and equality among vulnerable people.

Others were the OISA Foundation, which transforms lives through interventions in the education and healthcare sectors; Cerebral Palsy Center, which renders support to families with children with cerebral palsy as well as the Niola Cancer Care Foundation, which organises awareness talks and screens communities for colon cancer.

Continue Reading

Other News

Niger Speaker Plans Mass Wedding For 100 Orphans Of Bandit Attacks

Published

on

In a heartwarming gesture, Abdulmalik Sarkindaji, Speaker of the Niger State House of Assembly, has announced plans to arrange marriages for 100 female orphans who lost their parents to banditry in Mariga Local Government Area.

Sarkindaji stated that he will cover the grooms’ dowries and has already obtained all necessary items for the collective wedding event.

The selected girls were chosen from a group of 170, as part of the Speaker’s constituency empowerment project to support the underprivileged.

Sarkindaji further revealed that the Niger State Governor, Mohammed Umar Bago, and the Emir of Kontagora, Alhaji Mohammed Barau, will serve as guardians for the 100 female orphans during their collective marriage ceremony.

The event, scheduled for May 24 in Bangi, Mariga Local Government Area, will also be attended by Sheikh Aminu Daurawa, the Kano State Commander General of the Hisbah Board.

Continue Reading

Other News

GWR: 106-Year-Old Man Sets Skydiving Record

Published

on

Alfred “Al” Blaschke, aged 106 years and 327 days, has once again soared to new heights, reclaiming his Guinness World Records (GWR) title as the oldest person to tandem skydive.

With fearless determination, Blaschke took the plunge, defying gravity and reasserting his place in history.

However, his achievement was eclipsed when a Swedish woman, Rut Linnéa Ingegärd Larsson, aged 103 years and 259 days, took to the skies for a skydiving adventure, momentarily breaking his record.

“That was my dream […] I never thought I’d be around this long,” Al said at the time.

Blaschke’s first skydive occurred three years earlier, on his 100th birthday.

In his latest feat, at the age of 106 years and 327 days old, Blaschke reclaimed his title with another daring skydiving adventure.

Notably, Texas Gov. Greg Abbott joined him on this occasion, experiencing his inaugural jump alongside the seasoned daredevil.

Blaschke told GWR, “If you think you can’t, you’re just underestimating yourself. Everyone is more capable than they think. They just need to make the decision to try.”

Continue Reading

Copyright © 2022. Biztellers, powered by Alphaxristi.