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    Monday, June 1
    Analysis

    GTCO Climbs to N4.3trn Ahead of 2025 Earnings

    Ogooluwa AremuBy Updated:No Comments1 Min Read
    GTCO Climbs to N4.3trn Ahead of 2025 Earnings

    GTCO Climbs to N4.3trn Ahead of 2025 Earnings

    Dual-listed Nigerian lender GTCO Plc’s stock market value surged by about 5.4% as investors increased bets on the orange-branded financial services company ahead of its earnings release.

    The ticker trading data obtained from the Nigerian Exchange showed that GTCO’s share price rose to N118 on Friday as 11.381 million units valued at N1.336 billion were traded.

    Its share price saw intermittent swings as investors exited and re-entered positions, with heavy trading volumes reflecting increased market activity.

    The group is warming up to release its 2025 earnings results as the first quarter approaches. At the close of the trading session on Friday, the market value of GTCO’s 36.55 billion shares outstanding surged to N4.312 trillion, tracking its 52-week high closely. Oando Drops Hints on Tranche 2 Shares Distribution

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    Ogooluwa Aremu is a business journalist at MarketForces Africa covering Nigeria's energy sector, macroeconomic policy, African continental affairs, cryptocurrency markets, and foreign exchange developments.His reporting spans Nigeria's oil and gas regulatory landscape, including coverage of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Nigeria International Energy Summit, and the downstream deregulation reforms reshaping Nigeria's petroleum sector. He also reports general market, Nigeria's fiscal reforms, World Bank and IMF engagements with Nigeria, and President Tinubu's economic policy initiatives.Ogooluwa covers Africa-wide developments through MarketForces Africa's Inside Africa desk, reporting on the African Union summits, continental economic policy, and cross-border developments affecting investment and trade across Sub-Saharan Africa.His cryptocurrency and forex market coverage tracks major digital assets, including Bitcoin, Ethereum, and Ripple, alongside. Nigeria's interbank FX market movements. He has covered major stories, including the African Union's 39th Ordinary Session in Addis Ababa, Nigeria's N6 trillion fuel import savings from deregulation, and the World Bank's assessment of Nigeria's economic reform programme. Ogooluwa Aremu is based in Lagos, Nigeria.

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