GTCO Stock Surges 27% After LSE Listing, Hits N100 Mark

Guaranty Trust Holding Company (GTCO), the parent company of GTBank, achieved a historic milestone on the Nigerian Stock Exchange (NGX) by surpassing the N100 mark per share during the trading session of July 16, 2025. This accomplishment makes GTCO the first banking stock on the NGX to reach this significant threshold.

Experts attribute this achievement to the positive market reaction following GTCO's listing on the London Stock Exchange (LSE) and the release of its strong financial statement. The stock has gained more than 27% in recent months, surpassing Stanbic IBTC Holdings, which is now second at around N99 per share.

GTCO recently became the first Nigerian bank to list on the LSE, aiming to raise approximately N154 billion through a fully marketed equity offering. This move is part of a plan to recapitalize its Nigerian banking subsidiary, GTBank Nigeria, to meet the Central Bank of Nigeria’s new minimum capital requirement of N500 billion for international commercial banks. The net proceeds from this offering will be used primarily for the further recapitalization of GTBank Nigeria and will be deployed in accordance with GTCO’s growth strategy.

In its 2024 financial statement, GTCO recorded its highest-ever profit, announcing a profit after tax of N1.017 trillion, which represents an 88.4% surge from the N539.6 billion recorded in 2023. This financial performance has bolstered investor confidence and contributed to the stock's recent surge.

Following its listing on the LSE on July 9, 2025, GTCO saw 2.29 billion ordinary shares admitted to trading, with its entire issued share capital, including 36,425,229,514 shares, admitted to the equity shares category of the Official List of the United Kingdom Financial Conduct Authority. The company's shares will trade under the name GTHC and plans to change to GTCO after the cancellation of its GDRs.

The subsequent listing of 2.28 billion shares on the NGX the following day pushed GTCO’s market value up by 2.39% to close at N3.004 trillion. Investors have increased their stakes in the group amid expectations of strong earnings, improved corporate governance, and a healthy dividend history. The company has seen a rise in investors’ participation as analysts explained that healthy earnings and dividend history are suitable for its shareholders’ profiles.

Group Chief Executive Officer of GTCO, Segun Agbaje, highlighted that this development represents a significant milestone in the company’s growth model. “This offering and transition to a full listing on the Official List of the FCA and to trading of the company’s shares on the London Stock Exchange’s main market for listed securities represents a pivotal moment in GTCO’s growth story, reinforcing our position as a forward-thinking African financial services institution,” Agbaje said.

Agbaje added that by enhancing global visibility and access to capital, GTCO isn’t just advancing its growth target but also shaping transformative opportunities across its customer segment and markets it operates in. For GTCO, the capital raise is a testament to its commitment to delivering sustainable value to its stakeholders and driving innovation across the financial services landscape in Africa.

GTCO’s market value exceeded N3 trillion in the equities market on Wednesday, July 9, 2025, due to high demand for an organ-branded financial services firm. Its latest surpass of the N100 threshold in the NGX not only signifies GTCO’s recent performance but also serves as a positive momentum that mirrors the broader bullish trend in the banking sector, with the NGX Banking Index already up over 22% in July.