Nigerian financial services company GTCO plans a N400.5bn public share offer to support banks' equity needs and Nigeria's $1trillion economy goal.
Nigerian financial services company Guaranty Trust Holding Company (GTCO) plans to raise N400.5bn through a public offer of 9 billion ordinary shares at N44.50 per share on the Nigerian Exchange Limited. The funds aim to support banks' equity needs post-Naira devaluation and contribute to Nigeria's $1trillion economy goal. The company aims to become the first Nigerian firm to make $1bn in profit.
July 08, 2024
6 Articles