Guaranty Trust Holding Company Plc has announced plans to raise ₦10 billion through a private placement of its ordinary shares, following regulatory approvals from the Central Bank of Nigeria and the Securities and Exchange Commission.
The Company said the transaction is subject to the fulfilment of applicable conditions precedent and other regulatory requirements. The approval comes months after GTCO disclosed, on August 29, 2025, that its banking subsidiary, Guaranty Trust Bank Limited, had already met and surpassed the CBN’s new minimum capital requirement for commercial banks with international authorisation, raising its capital base to ₦504.04 billion.
According to the financial holding company, the private placement is being undertaken solely to comply with Section 7.1 of the Guidelines for the Licensing and Regulation of Financial Holding Companies in Nigeria, which sets out the framework for computing capital at the holding company level.
In a statement signed by the Group General Counsel and Company Secretary, Erhi Obebeduo, GTCO explained that the capital raise is pursuant to a shareholders’ resolution passed at its Annual General Meeting held on May 9, 2024. The resolution empowered the Board to establish a capital raising programme of up to $750 million or its equivalent, through a range of instruments including ordinary shares, preference shares and bonds, using various issuance methods.
Under the approved structure, the Board has authorised a private placement to raise ₦10 billion through the allotment of 125 million ordinary shares of 50 kobo each. The shares will be offered on a best-efforts basis at ₦80 per share, targeting gross proceeds of up to ₦10 billion.
GTCO noted that the offering is scheduled to close on December 31, 2025, subject to the receipt of all final approvals and the satisfaction of customary closing conditions.
