Nigeria’s top bank scores big with retail investors, raising $136M.

7 January 2025

Nigeria’s financial heavyweight, Guaranty Trust Holding Co. (GTCO), just completed the first leg of their epic capital-raising marathon, bagging a cool 209 billion naira from eager Nigerian investors. This cash injection is crucial for GTCO to keep pace with the Central Bank of Nigeria’s new, super-strict capital requirements. Think of it as a financial obstacle course, and GTCO is sprinting towards the finish line.