GTCO to Raise N10bn via Approved Private Placement

Guaranty Trust Holding Company Plc (GTCO) has officially received approval from the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC). According to an announcement on Tuesday, December 30, 2025, the company will now proceed with a N10 billion private placement.

In a formal filing with the Nigerian Exchange Limited (NGX), GTCO shared the details of the issuance. The company will offer 125 million ordinary shares. These shares are priced at N80 each, with a nominal value of 50 kobo.

Key Details of the Private Placement

This capital-raising exercise is specifically intended for a select group of investors. The company aims to finalize the transaction by December 31, 2025, provided that all final regulatory requirements are satisfied.

Quick Summary of the Offer:

• Total Raise: N10 Billion
• Volume: 125 Million Shares
• Offer Price: N80 per Share
• Deadline: December 31, 2025

Erhi Obebeduo, the Group General Counsel, signed the official statement confirming the board’s authorization. This strategic move aligns perfectly with the current Guidelines for Licensing and Regulation of Financial Holding Companies in Nigeria.

Strategic Growth and Capital Strength

This placement is part of a much broader strategy. It was originally approved during the 2024 Annual General Meeting. At that time, shareholders authorized the board to establish a capital program of up to $750 million through various methods, including private placements.

Notably, GTCO’s banking arm, Guaranty Trust Bank Limited, has already surpassed the CBN’s new minimum capital requirements. The bank currently holds N504.04 billion in capital. This figure exceeds the mandatory benchmark required for international commercial banks operating in Nigeria.

Objectives of the Capital Raise

The Board of Directors emphasized that this exercise will significantly bolster the holding company’s capital base. A stronger financial foundation will help the group pursue its long-term strategic goals and expansion plans effectively.

Execution Notes:

• Participation: Professional parties are currently working to secure a suitable “placee” (investor) for the shares.
• Underwriting: GTCO confirmed that this specific private placement is not being underwritten.