COVID-19: FG BEGINS TRANSFER OF N20,000 TO POOR HOUSEHOLD

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GTCO input decrease of N214.2 Billion In Pre-tax Profit

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  According to the new report, as of last year, there is a decrease of N214.2 billion in the pre-tax profit of Guaranty Trust Holding Company (GTCO) Plc.  Speaking on the report, there was a decrease of N35.6 billion in the Ghanian sovereign securities, and also at the end of last year, the company records show a decline in the profit before tax from N221.5billion in 2021 to N214billion which make  3.3 percent. According to the company, there is an increase of 4.6 percent in the group's netbook from N1.80 trillion to 1.89 trillion as of last year which make a growth in the investment. According to the report shown, there is also an increase in Deposit liabilities and the total group assets and shareholders' funds. There is a growth in the Capital Adequacy Ratio. According to the Chief Executive Officer Of Guarantee Trust Holding Company, Mr.Segun Agbaje, Group Chief Executive Officer, Guaranty Trust Holding Company (GTCO) Plc, Mr. Segun Agbaje, talking about the group res...
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NETFLIX- Over $23Million Invested In Producing Nigerian Movies

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  Since 2016, Over $ 23 million is invested in producing Nigerian movies, said Video streaming company Netflix. The new report, Netflit‘Socio-economic Impact focuses specifically on its major markets in Africa, which include Nigeria, South Africa, and Kenya. Between 2016 and 2022 $ 175 million in content is invested in these countries for local creatives.  According to Netflix, Nigerian movies invested on were the top-producing movie which is  Anikulapo and Blood Sisters and Other. According to Netflix, there are some impacts it has made. “Our investment of over USD 23 million has had significant impacts on the Nigerian economy.  “Through direct, indirect, and expenditure impacts across the economy, our investments have contributed USD 39 million towards GDP, USD 34 million towards household income, and USD 2.6 million towards tax revenue.  “A total of 5,140 jobs throughout the economy were supported, In addition to our upfront investment in productions and the ...
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SIFAX Group Appoints New Company Secretary

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The appointment of Jesuyemisi Odeyemi has been announced by SIFAX Group has as the new group head, legal services/company secretary. This was made known in a statement by the Group Head of Corporate Communications, SIFAX Group, Muyiwa Akande. According to the group, Odeyemi would be responsible for all legal matters within the group and would serve as the company secretary for all the subsidiaries. Commenting on the appointment, the Chairman of the group, Dr Taiwo Afolabi, said the appointment reflected the company’s commitment to its vision of driving business growth and delivering excellent services. “Odeyemi is an astute legal and finance executive, with a strong background in corporate governance, strategic management, and customer experience,” the statement noted. SIFAX Group is a group of companies with investment in Maritime, Aviation, Oil and Gas, Haulage & Logistics, Financial Services and Hospitality. The company has built a reputation of excellent service delivery anchor...
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