GTBank parent company's 2021 profit plummets to four-year low

took a hefty bite at earnings and interest income, its core revenue source, dwindled to its lowest in five years.

Turnover slid 1.6 per cent to N447.8 billion from N455.2 billion, according to the audited financial statements of the financial services group issued on Friday and seen by PREMIUM TIMES. The spur of the growth lied in a near two-fold jump in e-business income to N21 billion as commercial banks continue to deepen inclusion by enrolling more users to electronic banking services.

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Nigerian stocks halt four-day ascent despite upbeat company resultsThe all-share index fell 121.94 basis points to 47,360.79. In the same vein, market capitalisation dropped to N25.5 trillion.
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