GTCO completes ₦209 billion capital raise, ahead of March 2026 deadline
- GTCO raised ₦209.41 billion ($135 million) from retail and institutional investors.
- This capital raise is part of a program mandated by the Central Bank of Nigeria.
- GTCO aims to pivot for non-transformational growth and unlock greater value across its businesses.
While GTCO's capital raise is a positive step towards strengthening its financial position, the ongoing customer service issues highlight the need for immediate operational improvements. The bank must ensure that the raised capital is effectively utilized to enhance its banking efficiency and restore customer trust.
