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Nigeria’s GTBank Group to Raise $337.46m for Expansion

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Vincent Nwanma

Vincent Nwanma is a seasoned analyst, columnist, and reporter with over 30 years of experience in business and economics journalism across Nigeria and Africa.
  • GTCO plans to raise N500 billion for technology investments, new subsidiaries, and recapitalisation
  • Offering to be split into Nigerian and international tranches

 

Lagos, Nigeria – Guaranty Trust Holding Company Plc (GTCO), one of Nigeria’s leading banking groups, announced plans to raise N500 billion (approximately $337.46 million) to support its growth and expansion initiatives Wednesday.

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