• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Wednesday, June 4, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Recapitalisation: GTCO Raises N209bn Through Equity Capital Programme

by Olushola Bello
5 months ago
in Business
GTCO
Share on WhatsAppShare on FacebookShare on XTelegram

Guaranty Trust Holding Company (GTCO) said it has raised N209.41 billion at the first tranche of its equity capital raise programme in tune with the ongoing recapitalisation exercise in the banking sector.

Advertisement

This  followed the completion of the capital verification exercise conducted by the Central Bank of Nigeria (CBN) and the approval of the Basis of Allotment of the Offer by the Securities and Exchange Commission (SEC).

The offer, which garnered substantial interest from domestic retail investors, raised a total of N209.41 billion from 130,617 valid applications for 4.706 billion ordinary shares, fully allotted.

It will be recalled that GTCO, on July 15, 2024 commenced its public offer programme of nine billion ordinary shares of 50 kobo each at N44.50 per ordinary share, amounting to N400.5 billion.

This milestone concludes the first phase of GTCO’s phased equity capital raise programme, which is structured on a balanced allocation strategy based on an equal split between institutional and retail investors. This balanced approach aligns with GTCO’s commitment to fostering a well-diversified and robust investor base.

RELATED

MFBs’ Customers Safe With NAMBUIT – NDIC

NDIC Calls For Inputs To IADI Core Principles For Effective Deposit Insurance

58 seconds ago
NCC Deploys 84 IT Projects To Support Persons with Disabilities

N250bn Debt Dispute: NCC Shifts USSD Billing To Customers’ Airtime

1 minute ago

Speaking on this phase of the recapitalisation exercise, group chief executive officer of GTCO, Segun Agbaje said, “we extend our sincere appreciation to our new and existing shareholders, as well as the regulatory authorities, for their unwavering support during this initial phase of our equity capital raise.

“The strong participation and successful capital verification exercise and allotment process reaffirm the confidence investors have in our fundamentals and execution capabilities. This sets a solid foundation for accelerating our strategic roadmap, which aims to pivot the Group for transformational growth and unlock greater value across the Group’s banking and non-banking businesses.”

He said, GTCO continues to lead its peers in key profitability metrics and financial performance, saying, “building on this successful first phase, the Group will commence the second phase of its recapitalisation plan in 2025, which is strategically positioned to attract significant foreign institutional investments, reinforcing its reputation as a ‘Truly International’ financial services brand.”

Agbaje stated that, “proceeds from the combined equity raise will be strategically deployed to recapitalise the Group’s flagship subsidiary, Guaranty Trust Bank Limited (GTBank Nigeria), enhancing its ability to meet regulatory requirements and further solidify its position as a leading financial institution.

“Additionally, the funds will support Group-wide growth initiatives, including footprint expansion, product enhancement, and innovation across both Banking and Non-Banking subsidiaries. GTCO remains committed to delivering sustainable value to its stakeholders and driving innovation across the financial services landscape in Africa.”


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel



Tags: Guaranty Trust Holding Company (GTCO)
SendShareTweetShare
Previous Post

Kogi Speaker Celebrates Maigari Of Lokoja, Mayaki Of Kupa’s First Anniversaries

Next Post

Industry Stakeholders Seek Key Economic Reforms For Growth In 2025

Olushola Bello

Olushola Bello

You May Like

MFBs’ Customers Safe With NAMBUIT – NDIC
Business

NDIC Calls For Inputs To IADI Core Principles For Effective Deposit Insurance

2025/06/04
NCC Deploys 84 IT Projects To Support Persons with Disabilities
Business

N250bn Debt Dispute: NCC Shifts USSD Billing To Customers’ Airtime

2025/06/04
Mandilas Highlights Economic Milestones At 75th Anniversary
Business

Mandilas Highlights Economic Milestones At 75th Anniversary

2025/06/04
CIPMN Issues Final Warning To PMI Nigeria, Others
Business

CIPMN Issues Final Warning To PMI Nigeria, Others

2025/06/04
World Health Day: Nestle Commits To Quality, Affordable Nutrition
Business

Nestlé, Govt Partner On Dairy Capacity Building

2025/06/04
Business Activity PMI Closes 52.7points As Growth Eases To 4 Months Low
Business

Business Activity PMI Closes 52.7points As Growth Eases To 4 Months Low

2025/06/04
Leadership Conference advertisement

LATEST

NDIC Calls For Inputs To IADI Core Principles For Effective Deposit Insurance

N250bn Debt Dispute: NCC Shifts USSD Billing To Customers’ Airtime

Mandilas Highlights Economic Milestones At 75th Anniversary

CIPMN Issues Final Warning To PMI Nigeria, Others

Nestlé, Govt Partner On Dairy Capacity Building

Business Activity PMI Closes 52.7points As Growth Eases To 4 Months Low

FG, Greenville LNG Launch LCNG Project, First In North-East

Tony Elumelu Raises Own Stake In UBA, Buys N43.9bn Shares

BPC Bets Big On Nigeria’s Digital Economy, Appoints Industry Veteran To Lead

Ondo Assembly Deputy Speaker, Majority Leader Resign

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.