Despite Economic Challenges, Zenith, Access, UBA, GTCO, Two Others Generated N3.11tn Profit in 2023
Propose N444.52bn combined dividends Zenith remains most profitable bank in Nigeria Geregu first company to release Q1 2024 results, declares N14.46 billion profit
Eromosele Abiodun and Kayode Tokede
Despite daunting challenges in the
banking sector and the economy, six leading banks in the country generated mouth-watering returns for their shareholders in the 2023
financial year. THISDAY analysis of the six banks’ audited 2023 results showed that cumulatively, they generated
about N3.11 trillion profit before tax, a growth of 216.4 per cent from the N982.5 billion they recorded in the 2022 financial year.
The banks are: Zenith Bank Plc, Access Holding Plc, United Bank for Africa Plc (UBA), Guaranty Trust Holding Company Plc (GTCO),
Stanbic IBTC Holdings Plc, and Wema Bank Plc. Continued on page 16
Wednesday 10 April, 2024 Vol 29. No 10591. Price: N400
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At 96, Pa Adebanjo Epitomises Our Principles of Justice, Equity, Afenifere Says... Page 34
Atiku Doubles Down on Lagos-Calabar Highway Project, Wants Tinubu to Reveal Cost Queries how administration got the design, right of way in 7 months Umahi: former VP doesn’t understand figures, misrepresenting facts
Chuks Okocha, Emmanuel Addeh in Abuja and Blessing Ibunge in Part Harcourt
The presidential candidate of Peoples Democratic Party (PDP) in the 2023 election, Atiku Abubakar,
doubled down on his criticism of the Lagos-Calabar coastal road project yesterday, as he challenged President
Bola Tinubu to disclose the full cost of the highway project. Atiku, in a statement, maintained
that the Tinubu administration could not continue to keep silent on how much of public funds would be spent
on the project at a time Nigeria was Continued on page 16
Tinubu, Atiku, Obi, Govs Celebrate Muslim Ummah at Eid-el-Fitri, Canvass Unity, Love President seeks union of wills, action to build Nigeria We’re focused on securing nation, say service chiefs, IGP orders tight security nationwide FG extends public holidays to Thursday By Our Correspondents
President Bola Tinubu and other prominent Nigerian leaders, including former Vice President Atiku Abubakar, former governor of Anambra State, Peter Obi, and governors, have emphasised the need for unity and love among the citizens as Muslims around the world celebrate this year’s Eid-el-fitri, being the end of 30 days Ramadan fasting. Tinubu sought union of wills and action to build Nigeria, as the service chiefs reiterated their resolve to secure the nation. To ensure hitch-free festivities, Inspector-General of Police (IGP) Kayode Egbetokun ordered tight security across the country ahead of today’s Eid-el-fitri celebration. The federal government extended the public holidays for this year’s Eid-el-Fitr celebration to cover tomorrow, Thursday. Rejoicing with the Muslim Continued on page 16
Go-live event of the Citizens Delivery Tracker...
L-R: Special Adviser to President Bola Tinubu on Policy and Coordination/Head of the Central Delivery Coordination Unit (CDCU), Hadiza Bala Usman; Development Director, Foreign Commonwealth and Development Office (FCDO), Cynthia Rowe; and National Programme Manager, FCDO-PERL, Ifeanyi Peters Ugwuoke, at the Go-live event of the Citizens Delivery Tracker in Abuja...last Monday