Reported about 5 hours ago
Nigerian financial group Guaranty Trust Holding Co (GTCO) has announced its intention to list on the London Stock Exchange (LSE) under the ticker 'GTHC', with trading expected to commence on July 9. This move aims to boost global visibility and comply with new capital requirements from the Central Bank of Nigeria, which mandates banks like GTBank Nigeria to have a minimum capital of N500 billion ($327.2 million) by March 31, 2026. The proceeds from this listing, after the completion of a $105 million primary equity offering, will be used to strengthen GTBank Nigeria’s capital, expand its loan portfolio, upgrade IT systems, and open new branches.
Source: YAHOO