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    Thursday, August 20

    GTCO Lists Additional Shares after Private Placement

    ... Group's Market Value Surpassed N3.6 Trillion
    Julius AlagbeBy Updated: Analysis No Comments1 Min Read
    GTCO Lists Additional Shares after Private Placement
    GTCO

    GTCO Lists Additional Shares after Private Placement

    Guaranty Trust Holding Company (GTCO) Plc listed additional shares on the Nigerian Exchange (NGX) trading platform following the completion of its private placement.

    The financial services group had earlier disclosed that it received an application for 125,000,000 ordinary shares in connection with the private placement from an undisclosed party.

    GTCO told the regulator that the application was deemed valid under the terms of the Private Placing and was processed accordingly. It said the Private Placing was therefore 100% subscribed as of January 22, 2026.

    Data from the Nigerian Exchange showed that GTCO shares outstanding on the trading platform increased to 36.550 billion at the close of the trading session on Friday.

    Also, the market value of the group’s shares outstanding surged to N3.618 trillion, tracking 4% below its highest valuation in the last 52 weeks on NGX.     US, Nigeria Sign Commercial, Investment Partnership to Deepen Trade Ties

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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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