Nigerian banker Segun Agbaje leads GTCO to $470-million profit in 2023
GTCO’s 2023 financial performance, marked by record profit, strengthens Agbaje’s leadership and cements the company’s position as a Nigerian financial powerhouse.
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GTCO’s 2023 financial performance, marked by record profit, strengthens Agbaje’s leadership and cements the company’s position as a Nigerian financial powerhouse.
Nigerian business executive Segun Agbaje’s leadership remains a key ingredient in GTCO’s financial success in recent years.
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.
The transaction was completed eight months after the group transitioned into a holding structure.
Guaranty Trust’s profit for the period fell to $194.0 million in the half-year period ending June 30.