GTCO targets $750 million capital raise on NGX and London Stock Exchange
- GTCO plans to raise $750 million by listing additional shares on the Nigerian and London Stock Exchange.
- The share sale will help the bank meet a new working capital requirement of ₦500 billion.
- There are doubts about the robustness of the local market for raising such a large capital.
The decision to raise additional capital through a share sale is a strategic move by GTCO to meet the new working capital requirement. However, the doubts about the robustness of the local market raise concerns about the feasibility of raising such a large amount. Further discussion is needed to explore alternative options and assess the potential impact on the Nigerian market.
