- The shareholders of Guaranty Trust Holding Co PLC smiled connected Tuesday arsenic its stock terms surged
- Data shows that astatine the closing of trading connected NGX, the stock terms of GTCO shares roseate by 4% connected Tuesday
- The surge came contempt societal media backlash implicit the apprehension of influencer VeryDarkMan extracurricular a GTBank branch, wherever helium had gone to assistance his mother
Legit.ng writer Dave Ibemere has implicit a decennary of business journalism acquisition with in-depth cognition of the Nigerian economy, stocks, and wide marketplace trends.
Share terms of Guaranty Trust Holding Company Plc (GTCO), the genitor institution of GTbank surged to its highest level successful May connected Tuesday, May 6.
According to information obtained from Nigerian Exchange connected Tuesday, GTCO shares roseate to N65, a 2.44% oregon N1.55 summation from N63.45 it opened the week.
The latest stock terms is the highest truthful acold successful May.

Source: Getty Images
The market capitalisation of GTCO jumped to N2.21 trillion connected Tuesday from N2.16 trillion the erstwhile day.
This means shareholders of the slope recorded a summation of N52.3 cardinal aft hours of trading.
GTCO besides clasp its fig 1 ranking arsenic Nigeria’s largest fiscal services radical by marketplace value.
Online protestation made nary difference
The gains came pursuing backlash implicit the forceful apprehension of Martins Vincent Otse, popularly known arsenic VeryDarMan, a Nigerian activist, critic, and societal media influencer, by the Economic and Financial Crimes Commission extracurricular a GTBank branch successful Abuja connected Friday, May 2.
Otse had visited the slope to resoluteness a transaction contented connected behalf of his mother.
The incidental sparked outrage connected societal media, with users accusing the slope of complicity, an allegation GTBank has not commented connected but a video grounds was released that it was extracurricular the bank's premises the apprehension took place.
Despite the trending backlash and calls for relationship closures, capitalist assurance remained strong.

Source: Getty Images
GTCO announces Q1 result
GTCO has released its fiscal results for the archetypal 4th of 2025, with important changes successful cardinal metrics.
The fiscal institution announced that its Profit earlier taxation for the reappraisal play fell to N300.4 cardinal from N509.3 billion, portion post-tax nett shrank to N258 cardinal from N457 billion.
Revenue besides fell to N523.2 cardinal from N680.5 cardinal during the period.
However, nett involvement income, a profitability metric indicating however overmuch banks gain successful involvement aft deducting what they wage savers, jumped by 40.1% to N318.4 billion.
Loan impairment charges fell by 0.5%, reflecting the group’s quality to trim the currency statutorily reserved to screen borrower defaults, adjacent arsenic its recognition vulnerability roseate by 15.6%."
10 banks with the highest lawsuit deposits successful 2024
Earlier, Legit.ng reported that Nigerian commercialized banks person recorded an summation successful lawsuit deposits truthful acold successful 2024 contempt the economical situation.
United Bank for Africa leads the list, followed by Access Holdings, the genitor institution of Access Bank.
The CBN has consistently assured Nigerians that banks are harmless and funds successful customers' accounts are afloat secured.
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Source: Legit.ng