• GTCO completed a 10-billion-naira private placement on January 30, 2026.
• The deal involved 125 million new shares issued at 80 naira each.
• The capital raise targets regulatory requirements, not a bank-level shortfall.

Guaranty Trust Holding Company (GTCO), listed on the Nigerian Exchange Group and the London Stock Exchange, completed a 10 billion naira (about $7.2 million) capital raise on January 30. The transaction, done through a private placement, is aimed at strengthening the group’s capital at holding company level, in line with prudential rules governing financial holding companies in Nigeria.

According to a statement from Nigerian Exchange Limited (NGX), the operation involved the issuance of 125 million new ordinary shares, each with a nominal value of 50 kobo, priced at 80 naira per share. The placement was approved in December 2025 by the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC). The new shares were immediately admitted to trading, increasing GTCO’s total outstanding shares from 36,425,229,514 to 36,550,229,514.

GTCO said the fundraising does not signal any capital weakness at its core banking subsidiary, Guaranty Trust Bank Limited. The bank already exceeds the minimum capital threshold of 500 billion naira set by the Central Bank of Nigeria for banks holding an international license.

The operation follows a strong financial performance by the group. As of March 31, 2025, GTCO reported profit before tax of 300.4 billion naira, supported by a 41.1% rise in interest income and a 41.2% increase in fees and commission income. Over the same period, loans expanded by 15.6%, while deposits grew by 7.7%, reflecting sustained growth across its operations.

SG