03-07-2025
Nigeria's GTBank to Raise $100 Million Selling Shares in UK
Guaranty Trust Holding Co., the parent company of Nigeria's biggest lender by market value, will list in the UK after raising $100 million in a share sale, it said in a regulatory filing
GTCO is selling shares to institutional and qualified investors as part of an ongoing effort to recapitalize its main subsidiary, Guaranty Trust Bank Plc. That's in line with a Central Bank of Nigeria requirement that all lenders with international banking licenses raise their equity capital to a minimum of 500 billion naira ($327 million) by March 2026.
