Guaranty Trust Holding Company (GTCO) achieved a significant milestone on the Nigerian Stock Exchange by surpassing the N100 mark due to a successful London listing and positive market reaction.
Record Trading by GTCO
GTCO has become the first banking stock to surpass the N100 mark on the Nigerian Stock Exchange during the trading session on July 16, 2025. According to the latest reports, the company's stock has increased by more than 27% in recent months, allowing it to surpass the previously second-ranked Stanbic IBTC Holdings, which is priced at around N99.
Listing on the London Stock Exchange
GTCO became the first Nigerian bank to list on the London Stock Exchange on July 9, 2025, with 2.29 billion ordinary shares admitted to trading. The company plans to change its name to GTCO after the cancellation of its GDRs which attracted investor attention and increased their stakes amid expectations of strong financial results.
Brief Financial Overview
In its financial statement for 2024, GTCO recorded a historic profit of N1.017 trillion, an increase of 88.4% compared to N539.6 billion in 2023. Group Chief Executive Officer Segun Agbaje emphasized that this achievement reinforces GTCO's position as a forward-thinking financial institution in Africa.
GTCO's achievement in surpassing the N100 mark highlights positive trends in the Nigerian financial market and indicates strong prospects for the company and its investors moving forward.
