GTCO raises N10bn via private investors

Guaranty Trust Holding Company Plc (GTCO) has secured approvals from the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) to raise N10 billion through a private placement of ordinary shares, subject to regulatory conditions.

GTCO announced this via a statement issued on Tuesday, December 30, 2025.

The company said the move follows its earlier disclosure that its banking subsidiary, GTBank Limited, had surpassed the CBN’s new minimum capital requirement, raising its capital to N504 billion.

It stated that the N10 billion private placement is being undertaken in line with guidelines on the computation of capital for financial holding companies.

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The exercise is backed by a shareholders’ resolution passed at GTCO’s Annual General Meeting on May 9, 2024, which authorised the board to raise up to $750 million or its equivalent through various instruments and methods.

Under the current plan, GTCO will allot up to 125 million ordinary shares of 50 kobo each at N80 per share to private investors.

The offer is expected to close on December 31, subject to the receipt of all necessary approvals.

The Star