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GTCO reports N865.75 billion in profits, down 15% in 2025

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Guaranty Trust Holding Company (GTCO) saw its 2025 earnings drop by 14.9 per cent in a year when other income shrank, and weak revenue growth could not shield profit from the impact of surging costs.

Post-tax profit for Nigeria’s biggest financial services group by market value slid to N865.7 billion in 2025 from N1 trillion a year ago, according to its recently issued audited accounts, its first profit drop in three years.

An annual growth rate of 0.1 per cent in gross earnings, which inched up from N2.1 trillion to N2.2 trillion, laid the foundation for the result.

In the same vein, operating income slowed generally across key operations of Guaranty Trust Bank, the group’s flagship and commercial banking division, across Africa, with Nigeria, its home market, reporting a 12.5 per cent (N150.9 billion) fall.

But Habari Pay, GTCO’s fintech arm, saw its operating income jump by 123.6 per cent to N13 billion.

READ ALSO: GTCO declares N12.76 dividend, posts N1.23trn profit

Net interest income, a marker of what a financial institution earns from interest-generating assets after accounting for the costs associated with such expenses, was up by 19.1 per cent at N1.3 trillion.

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The corporation cut back the provision it set aside to cover bad loans by more than half, from N136.7 billion in 2024 to N66.4 billion in the year under review.

Other income, one of the major pressure points, slumped by 72 per cent after the banking group incurred an unrealised fair value loss of N81.8 billion on financial instruments, contrary to the N517.5 billion gain reported in 2024.

Profit before tax retreated to N1.2 trillion from N1.3 trillion, while return on equity declined to 25.4 per cent from 37.5 per cent.

Last July, GTCO listed on the London Stock Exchange, the first Nigerian lender to do so, after exiting the global depository receipt trading category on the bourse.

Zenith Bank, one of its top-tier rivals, announced this month it will also tow the same path next year.

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JAMB Publishes Results of first batch of 632,788 UTME candidates; three individuals detained

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The Joint Admissions and Matriculation Board (JAMB) has made public the scores of 632,788 applicants who participated in the 2026 Unified Tertiary Matriculation Examination (UTME) held on Thursday, April 16, 2026.

According to a statement from the Board’s Public Communication Adviser, Dr. Fabian Benjamin, the results are now accessible for candidates to check. However, the option to print result slips has not yet been activated.

The statement further revealed that two examinees along with a parent are presently being held in connection with alleged manipulation of results using artificial intelligence tools and other electronic devices.

JAMB cautioned that anyone found guilty of such misconduct would face appropriate legal sanctions.

It also assured the public that the examination process is still ongoing and that additional results will be released progressively.

To access their scores, candidates are instructed to send “UTMERESULT” via SMS to 55019 or 66019 using the phone number used during registration.

The post JAMB Publishes Results of first batch of 632,788 UTME candidates; three individuals detained appeared first on Business Today NG.

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NCC Seeks Stronger Security Collaboration to Tackle Telecom Sector Threats

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BY NKECHI NAECHE-ESEZOBOR —-The Nigerian Communications Commission (NCC) has called for stronger collaboration with the nation’s security institutions to combat criminal activities threatening the telecommunications sector.

The appeal was made by the Executive Vice Chairman of the Commission, Professor Umar Garba Danbatta, as part of efforts to safeguard critical telecom infrastructure and sustain industry growth.

He disclosed this at the North Central Zonal Sensitization Workshop for security agencies held in Keffi, Nasarawa State.

He said the collaboration and partnership is important to enable the Commission to “move steadily in harnessing fully, the potential of telecommunications and to sustain the exponential growth in the sector in view of the central role telecommunication plays in the social and economic development of the nation”

The EVC seized the opportunity of the forum to thank the Office of the National Security Adviser; the Nigeria Police Force; the Department of State Services; the Nigerian Security and Civil Defence Corps; the Nigeria Customs Service; the Federal Road Safety Commission and other agencies involved in security governance for the support they have offered the NCC in its effort to contain telecom crimes.

The Workshop, which was attended by personnel from all these agencies, featured paper presentations covering the gamut of challenges of enforcement processes including the role of ICT in Effective Policing; Challenges of Prosecuting Telecom Offences; Overview of NCC Enforcement Regulations; and Overview of NCC Enforcement Powers under the Nigerian Communications Act (NCA) 2003.

Resource persons at the Workshop include Dr. Solomon Arase, former Inspector General of Police; and Paul Usoro, SAN; as well as the representation from the Commission which includes Efosa Idehen, Head Compliance Monitoring and Enforcement who represented the EVC; Dr. Henry Nkemadu, Deputy Director Research & Development; Helen Obi, Head Zonal Operations; Salisu Abdu, Head Enforcement; GT Mohammed, Assistant Director Legal and Regulatory Services; and Al-Kassim Umar, Head Compliance Monitoring.

It was a highly participatory workshop marked by lively, robust and seminal discussion the Commission will find quite useful in its strategic plan to re-engineer its operations for improved regulatory efficiency, robust stakeholder engagement and better quality of consumer experience.

The post NCC Seeks Stronger Security Collaboration to Tackle Telecom Sector Threats appeared first on Business Today NG.

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