GTCO Secures ₦10 Billion Through Private Share Placement
Lagos, London – December 30, 2025: Guaranty Trust Holding Company Plc (GTCO) has received approval from both the Central Bank of Nigeria and the Securities and Exchange Commission to carry out a private placement of its ordinary shares. The transaction will proceed once all regulatory conditions and requirements are fulfilled.
Earlier in August 2025, GTCO’s banking subsidiary, Guaranty Trust Bank Limited, confirmed it had exceeded the new CBN minimum capital requirement for commercial banks with international authorisation, increasing its capital base to ₦504,037,107,058.45. This latest private placement of ₦10 billion is being executed under Section 7.1 of the Guidelines for Licensing and Regulation of Financial Holding Companies in Nigeria, which governs capital computations for such entities.
In a statement signed by Erhi Obebeduo, Group General Counsel and Company Secretary, the company noted that the private placement follows a shareholders’ resolution passed during its Annual General Meeting on May 9, 2024. The resolution authorised the Board to establish a capital-raising programme of up to US$750 million or its equivalent through a variety of instruments, including ordinary shares, preference shares, and bonds, via public or private offerings or other approved methods.
The Board has now approved a private placement aimed at raising ₦10,000,000,000 through the allotment of 125,000,000 ordinary shares, each valued at ₦0.50. Under the terms of the offering, shares are priced at ₦80 each, with gross proceeds expected to reach the ₦10 billion target.
This move comes as Nigeria continues to post significant earnings from crude oil exports, reflecting a dynamic business environment where strategic capital initiatives like GTCO’s are critical for growth. For more insights on business developments across the country, visit our Business News section.
The placement is set to close on December 31, 2025, pending all necessary regulatory approvals and compliance requirements.
