Nigerian banker Segun Agbaje-led GTCO reports Q1 2024 profit of $328.8 million
Building on a strong 2023 performance, with profit rising 219 percent to $470.1 million, GTCO’s first-quarter profit jumped 685.9 percent year-over-year.
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Building on a strong 2023 performance, with profit rising 219 percent to $470.1 million, GTCO’s first-quarter profit jumped 685.9 percent year-over-year.
With Segun Agbaje at the helm, GTCO continues to chart a path of sustained growth and profitability in the Nigerian financial landscape.
GTCO’s 2023 financial performance, marked by record profit, strengthens Agbaje’s leadership and cements the company’s position as a Nigerian financial powerhouse.
Agbaje’s leadership has been pivotal to GTCO’s remarkable success as he continues to guide the group to new heights.
In addition to his stake in PepsiCo, Agbaje maintains a 0.14-percent minority stake in GTCO.
Agbaje, the group CEO of GTCO, holds a minority 0.14-percent stake in the company, amounting to a total of 41,628,001 shares.
The upward trend in the lenders’ shares and market capitalization can be attributed to investors’ optimism about a potential increase in earnings and assets.
Agbaje emphasized the group’s commitment to sound business strategies and strong fundamentals.
Earnings during the first nine months of 2022 were significantly impacted by rising operating costs and tax obligations.
Agbaje holds a minority 0.14-percent stake in GTCO.
HabariPay will help expand the group’s services to largely underserved markets.