The parent company of GT Bank, Guaranty Trust Holding Company Plc (GTCO) has received approval to raise ₦10 billion through a private placement of its ordinary shares.
The approvals came from the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC), subject to all regulatory conditions being met.
The bank’s capital base stood at ₦504.04 billion as of August 29, 2025.
The holding company explained that the ₦10 billion placement aligns with Section 7.1 of the Guidelines for Licensing and Regulation of Financial Holding Companies in Nigeria, which defines how capital is computed for holding firms.
According to a statement signed by Erhi Obebeduo, Group General Counsel and Company Secretary, the placement is part of a broader capital-raising programme of up to US$750 million, approved by shareholders at the May 9, 2024 Annual General Meeting.
“This transaction forms part of our wider capital programme designed to strengthen resilience and support growth,” the statement noted.
Transaction Details
GTCO plans to raise ₦10 billion through the allotment of 125 million ordinary shares of 50 kobo each, priced at ₦80 per share, on a best-effort basis.
The offer is scheduled to close today, December 31, 2025, subject to all conditions and approvals being satisfied.
GTCO is one of Nigeria’s largest financial holding companies, with operations spanning banking, asset management, and payments.
The capital raise comes amid a broader push by Nigerian banks to meet new CBN recapitalisation rules aimed at strengthening the sector.
This offer also reflects growing investor appetite for Nigerian financial institutions, following strong equity market gains in 2025.
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