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- Guaranty Trust Holding Company has exceeded N3 trillion successful the equities marketplace arsenic of Wednesday, July 9, 2025
- Investors staged renewed assurance successful the holding company’s shares amid expectations of beardown net and improved firm governance
- GTCO is among the banking stocks that lifted NGX show to large heights arsenic it yet listed connected the NGX
Legit.ng’s Pascal Oparada has reported connected tech, energy, stocks, concern and the system for implicit a decade.
Guaranty Trust Holdings Company’s marketplace worth exceeded N3 trillion successful the equities marketplace connected Wednesday, July 9, 2025, owed to a precocious request for an organ-branded fiscal services firm.
According to reports, investors accrued their stakes successful the banking radical amid expectations of beardown earnings, improved firm governance and a steadfast dividend history.
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GTCO’s shares surge connected the NGX
Data from the Nigerian speech indicated that GTCO roseate to N88 per stock successful the equities arsenic 18.229 cardinal shares valued astatine implicit N1.6 cardinal were traded connected the NGX.
The monolithic measurement of the group’s shares traded pushed the fiscal services institution's marketplace worth up by 2.39% to adjacent astatine N3.004 trillion.
The steadfast has seen a emergence successful offshore investors’ information arsenic analysts accidental near-zero cardinal antheral risk, steadfast net and dividend past suitable for its shareholders’ profiles.
GTCO is trading astatine a just discount to its highest marketplace worth achieved successful the banal marketplace successful implicit 50 weeks, peaking astatine N90 per stock earlier a mean decline, Market Forces Africa reported.
GTCO lists connected the London Stock Exchange
Reports accidental that connected Wednesday, the holding institution began to commercialized connected the London Exchange pursuing a palmy priced superior equity offering.
GTCO disclosed successful a connection that its 36.4 cardinal mean shares person been admitted to the main marketplace of the London Stock Exchange (LSE) for contiguous trading and dealing.
It announced that its full issued stock capital, including 36,425,229,514 shares, has been admitted to the equity shares class of the Official List of the United Kingdom Financial Conduct Authority.
Also, the institution disclosed that its shares are present trading nether the sanction GTHC and plans to alteration to GTCO aft the cancellation of its GDRs.
Six banks scramble to conscionable CBN’s target
GTCO is 1 of the six banks highlighted by Legit.ng arsenic having a backing spread of N965 cardinal successful gathering the N500 cardinal recapitalisation people of the Central Bank of Nigeria.
A caller uncovering and marketplace information amusement that Fidelity Bank, FCMB, GTCO, UBA, First Holding Company, and Sterling Bank look varying backing gaps nether the caller regulatory ceilings.
The recapitalisation thrust is already reshaping conversations and strategies crossed boardrooms.
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GTCO to rise $100 cardinal from LSE
About 5 banks person afloat completed their recapitalisation drives, gathering the CBN’s minimum superior requirements.
Experts person said that GTCO’s LSE listing volition boost its net and assistance it to deed the recapitalisation threshold.
GTCO is targeting astir $100 cardinal from the LSE listing.
GTBank gives customers a caller withdrawal Limit.
Legit.ng earlier reported that Guaranty Trust Bank (GTBank) has announced a caller transaction limit connected its naira cards.
In an email to customers, the slope stated that holders of GTBank naira cards present person a quarterly bounds of $1,000 for planetary transactions.
Providing further details, the slope explained that ATM withdrawals overseas are capped astatine $500 per quarter.
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Source: Legit.ng
