₦airaland Forum

Hemanwel:
I guess you didn't read the part that says: "The Board also proposed an interim dividend of N1.00 per ordinary share on the issued capital,..."

For someone who owned 10,000 ordinary shares, how much dividend will that be?

You can school me if I am missing something.

Codes151:
Should I be celebrating 1Naira/share? Smh

kolexy:
The 1 Naira is interim dividend. GTBank is actually the most rewarding public company in Nigeria. I have been a stockholder since 2011 and I have never regretted for 1 day.

Kukutente23:
Who told you Saudi practices capitalism? Aramco is state owned

Rich4god:
Banks declaring profits... Staff struggling with Thier life

Only in Nigeria will you see company's profit very very high, staff welfare very very low.

Aether:
In the same financial year SA's Aramco decleared profit of $93 billion, NNPC is happy with barely $5.4 billion.

Yet na them wan compete internationally, lol

ElGenio39:
And una want still continue Borrow money. Rubbish

Jennyclay:
I transferred 700k to my GT account last week just to save and ever since then i do receive this message almost everyday.

nairavsdollars:
Why won't they? Banks are ripping Nigerians off with many nonsense charges. That N50 stamp duty charge is fraud. They dont do it in other countries i know

Hemanwel:
Dividend of N1?? Or I didn't read well? How much did a share go for during the IPO?

Investing in the stock market in Nigeria is looking like a bad investment, I tell ya! The other day, i read about someone who invested N11,250 (or so) in...(can't remember the name of the company) and was paid a N35k dividend after 16 years.

This isn't making sense at all!

Fiscus105:
With this amount of profit declared now, just go and interview the employees, and see how vast majority of them would be lamenting about eaten from hands to mouth.

Nigeria govt needs to do more, if indeed they want to fight poverty among the populace, by stoping mass exploitation of employees by rich owners of companies.

People you are using to get such massive amount of money, need to be taken care as well and it shouldn't be only the one in managerial level, but down to the lowest cadres.

EdiskyHarry:
I was once a gtb customer. Sometimes you wake up to see one useless illegal debit from the bank. One of the worst Banks in Nigeria

Mindlog:
One naira dividend is so very poor for a share worth N132, not even up to 1% return!

Dapagun:
Is this what GTbank held on to for close to 3 months?

This is disappointing, ever since Miriam Olusanya took over that bank, things have been weird. A 7% decline in profit after tax from last year when all other banks (even those ran by women) are growing is sad.

I don't know if it is laziness, incompetence or complacence but GTbank is gradually losing its edge and perhaps investors should be worried

emoneyrano:
Trillions

Everywhere

But bad federal roads

MrHyde:
Now this doesn't add up, looking at the amount of money generated last year from taxes, parastatals, oil revenue etc we have more than enough to fund the budget so why are we still borrowing

nedu666:
All the money from nnpc, npa, first, stamp duties, customs. Yet over hundred million Nigerians live in abject poverty

Mathewrichard99:
With all these money that the country is making..I still wonder why the citizens are so damn impoverished. Nigerians ought to be well taken care of despite the large population but the greedy politicians as leaders never think deep in creating a little bit of ease of living for the people.....so sad.....suffering in the midst of plenty due to corrupt leadership...

Anenehi:
dangote should go into tech and stop wasting funds on elephant project

jasontrigga:
If Dangote build a refinery in Kenya
Fuel will be unreachable for their masses

Just like he did to cement and petrol in Nigeria

Saint99:
Soon, every single Nigerian will be owing 1 billion Naira each, including the TB keyboard warriors.

bikefab:
Public debts incurred without tangible thing to show for it. They embark on white elephant projects and snub the basic necessities. Most times they are quick to point out that even America owes huge sums of money as well. There's a huge disparity, the United States debt directly impact the economy and the people while Nigeria's debt directly impact the pockets of the theiving politicians and their cronies.

Gboss247:
The idea of free market is an illusion. The Nigerian forex market is controlled by the CBN.
The CBN has restricted the naira from appreciated to it's real value.
Earlier this year, the CBN usually release dollars into the market is the official rates nears ₦1,400/$ and buys off dollars if the exchange crosses ₦1,350/$ to like ₦1,330/$.

Image123:
Stated by who? It’s a free market. Let the naira discover itself. CBN will play its role of oversight and balance, not discovery or maintenance.

Kukutente23:
So how come the purchasing power of civil servants and workers generally increased when OBJ increased minimum wage from 750 to 3500 over 500% increase which led to creation of the virile middle class we had then

Lifediary:
Nigeria has a national oil company, so why hasn't it generated benefits comparable to Saudi Aramco?... CORRUPTION!

Mediocres are celebrating Dangote.

Nigeria has not created the governance and accountability mechanisms necessary to make a our state-owned oil company (NNPCL) operate like a serious commercial enterprise.

Nigeria has not been able to make NNPCL operate with the commercial discipline, transparency and efficiency necessary to convert enormous oil resources into comparable national wealth?

WHY?... CORRUPTION on the part of the government.

Charlatans are celebrating a private, capitalist business. Smh!

Luckysbab:
There's already hyperinflation. I see no reason why the minimum wage shouldn't be inflated to catch up with it.

Dalohad:
GTBank and EcoBank, hope you are not involved in this shenanigans?

XtremeConsumer:
They are greedy. Most times they will tell you they don't have dollars to give.

They should grant licence to play to run form account abeg.

Joelinton:
I do not support banks to hurd foreign currency but CBN should also try and supply enough forex to the banks too.

skultrick:
I thought as much...they said that dollar is now available but anytime you go to UBA they will say they don't have USD...unless you can collect $20 or $50 bills...

The other day they said no USD but right there I saw another staff counting over $10k...I told the guy attending to me BUT is that not USD I am seeing...he said its not he's...