GTCO’s Profit Tumbles 44% in First Quarter

Guaranty Trust Holding Company, Nigeria’s biggest bank by market value, posted a profit of N258.03 billion in the first three months of the year, compared to N457.02 billion in the same period of 2024.

The drop in its earnings was caused by the steep fall in its other income from N325.02 billion to N26.54 billion in the first quarter of last year, according to its unaudited financial statements released on Wednesday.