GTCO Eyes London Listing to Expand Global Reach
- Mbali Dlamini
- Jul 20
- 2 min read
Guaranty Trust Holding Company (GTCO), one of Nigeria’s largest financial institutions, is preparing a secondary listing on the London Stock Exchange (LSE) following the successful closure of a $105 million equity sale. This will make GTCO the first Nigerian financial services firm to list on the LSE, representing a major step forward in cross-border market integration.
The listing aligns with recent Central Bank of Nigeria (CBN) requirements for commercial banks to bolster their capital bases to meet upcoming 2026 regulatory thresholds. GTCO’s strategic move positions it to attract a wider pool of foreign capital and improve its competitiveness in global financial markets.
CEO Segun Agbaje stated, “We are building a financial institution that reflects Africa’s global ambitions. The LSE listing will allow us to broaden our investor base and enhance visibility on the world stage.”
This development speaks to a growing trend among leading African corporates to dual-list or explore international financial centres as part of their growth strategy. It also sends a strong signal that Nigerian institutions are ready to meet international governance, reporting, and capital adequacy standards.
The listing is expected to improve GTCO’s valuation, enhance liquidity, and strengthen investor confidence — while giving foreign investors easier access to one of Africa’s most dynamic banking groups.
Beyond GTCO, this move sets a benchmark for other Nigerian banks and corporates considering international capital markets. It reflects growing confidence in the regulatory and structural reforms underway in Nigeria’s banking sector and the broader capital markets.
As Africa continues to position itself as a frontier of financial innovation, GTCO’s listing may be the beginning of a new era of outward-looking capital strategies that still remain anchored in African growth.
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