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GTCO Plc records N1.266trn pre-tax profit in 2024

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GTCO Plc has announced a pre-tax profit of N1.266 trillion for the 2024 financial year.

This represents a significant increase from the N609.3 billion reported in 2023.

The company made this known in a Friday corporate disclosure released through the Nigerian Exchange Ltd..

Its gross earnings surged to N2.12 trillion, up from N1.13 trillion in the previous year.

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The company also posted a profit after tax of N1.017 trillion, an 88.4 percent rise from the N539.6 billion reported in the previous year.

This achievement marks the highest profit reported by the bank in its history.


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Boy Bajii, Ejiyk, Sleemsam win Akinyemi Law songwriting competition

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Akinyemi Law Songwriting Competition has concluded its sixth edition, with Egbaji Jeremiah Otokeh (Boy Bajii) winning first place and a

read more Boy Bajii, Ejiyk, Sleemsam win Akinyemi Law songwriting competition


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B2Press: “Press releases power growth for small businesses to enterprises”

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Whether it is a small business or an enterprise, integrating press releases into an overall PR marketing plan makes a real impact. Online PR Service B2Press explains the significance of press release distribution in a digital-first world.

Marketing is widely regarded as a business imperative, encompassing channels such as social media, search engine optimization, and digital advertising. Although these channels often dominate strategic discussions, press releases remain critical for delivering verified information in a professional, journalistic format. They have long served as more than simple corporate announcements. In the current landscape, they operate as strategic tools that bolster brand visibility, credibility, and audience reach. 

From small businesses to enterprises, incorporating press releases into a broader PR marketing plan amplifies messaging and drives tangible outcomes. B2Press, an online PR service active in more than 50 countries, outlines using press releases effectively while illustrating how it streamlines PR distribution more than ever before.

Press releases matter in an effective PR strategy

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A press release is an official statement delivered to media to announce something newsworthy. It is a brand’s direct voice to journalists, influencers, and news outlets. Written in a journalistic tone, a press release should be clear, factual, and informative. Today, press releases are not only for media and its members, they’re part of a larger PR marketing and brand communication strategy. 

Despite the age of real-time updates and viral tweets, B2Press notes that press releases remain a trusted format for businesses to present verified information in a structured way, offering multiple advantages:

  • Credibility: A well-crafted press release, when picked up by trusted media outlets, positions a brand as reliable. 

  • Visibility: Online press release distribution can elevate search rankings through the media coverage. 

  • Engaged traffic: News consumers tend t exhibit higher engagement when interacting with brand stories. 

  • Campaign support: Press releases supplement broader initiatives, such as product launches or partnership announcements, lending an official tone and reinforcing key brand messages.

Strategies for effective PR distribution

Online PR Service B2Press suggests ways to seamlessly incorporate press releases into smart PR marketing efforts:

1. Align with campaign goals

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Clearly outlined goals, such as brand awareness, lead generation, or credibility building, dictate the role of a press release. Product launches often coincide with distribution efforts, while co-branded announcements allow multiple organizations to leverage each other’s audiences.

2. Coordinate with the overall calendar

Press releases function best alongside newsletters, blog posts, and social media, ensuring a unified message. Scheduling distribution to coincide with other campaigns can amplify the overall impact.

3. Use multi-channel distribution

Repurposing press releases into blog content or social media updates extends their lifespan. Specialized distribution services like B2Press, target multiple regions and media outlets, further expanding coverage.

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4. Track and analyze performance

Tracking tools can measure views, pickups, and referral traffic. Such data reveals which topics and formats resonate most and informs subsequent PR strategies.

Developing a PR marketing strategy remains a priority for PR teams

B2Press highlights three key areas for brands seeking to maximize their impact: Identifying target audiences, optimizing timing and frequency, and aligning releases with broader campaigns.

1. Defining the audience

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B2Press suggests that any marketing initiative should begin with a detailed profile of the intended readership. Clarifying factors such as demographics, interests, and media consumption habits can guide more resonant messaging.

2. Optimal timing and frequency

Getting a news story in front of readers at the right moment often determines its success. Observers note that releasing a statement roughly one to two weeks before a major event allows journalists sufficient time to cover the topic and builds public anticipation.

3. Integration with larger marketing efforts  

B2Press also recommends ensuring that press releases fit into a broader, cohesive plan. Such coordination, not only amplifies reach but also delivers a consistent narrative across multiple touch points.

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When press releases are (not) appropriate  A press release is most effective when it shares developments that are genuinely newsworthy or carry significance for customers and stakeholders, explains B2Press. Key indicators include: 

✅ Recommended for 

  • Product or service launches 

  • Partnerships, mergers, or acquisitions 

  • Major funding or investment rounds 

  • Milestones (e.g., anniversaries) 

  • High-profile events or sponsorships

❌ Not Recommended for

  • Minor operational updates without a clear public impact 

  • Unclear or weak news angles 

  • Overtly promotional content 

  • Topics at odds with current societal or regulatory standards

In such cases, alternative channels—such as blog posts, emails, or social media—often provide a more suitable forum for announcements.

B2Press can power the PR strategy of brands

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Businesses increasingly look to online PR services to simplify the publication process. B2Press offers distribution to over 50 countries in 24 languages, along with writing, localization/translation, targeted media outreach as well as analyzing & reporting. The PR packages of B2Press accommodate varying budgets and project scopes, allowing companies of different sizes to benefit from professional publicity without maintaining an internal PR team.

Whether you’re a marketing or PR professional in a corporate or managing communications for a growing small business, Online PR Service B2Press offers flexible packages that fit your needs and budget. Plus, you pay as you go — no monthly fees, no long-term commitments. Learn more about how B2Press works. 

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HURIWA urges Tinubu to sustain naira-to-crude deal

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…warns against fuel price hike The Human Rights Writers Association of Nigeria (HURIWA) has called on President Bola Tinubu to

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