Guaranty Trust Holding Company Plc (GTCO) has announced plans to list its shares on the London Stock Exchange, aiming to raise $100 million.
Listing Plans and Capital Raising
GTCO, the parent company of GTBank, is proceeding with its plan to raise $100 million through an equity offering. The listing on the London Stock Exchange is scheduled for July 9, 2025. The initial offering started on July 2, 2025, and will close on July 3, 2025.
Regulatory Requirements and Changes
This initiative by GTCO is aimed at complying with the increased minimum capital outlined by the Central Bank of Nigeria, which has been raised to N500 billion. All banks are required to meet this minimum standard between April 1, 2024, and March 31, 2026.
GTCO Financial Results and Investor Support
GTCO completed the first tranche of its capital raising efforts in January 2025, securing ₦209.41 billion. Group CEO Segun Agbaje emphasized the importance of investor participation in the successful capital raise.
The ongoing listing process and upcoming changes at GTCO and GTBank highlight a long-term commitment to resilience and growth in Nigeria's financial services market.
