• Home
  • About Us
  • Contact Us
Friday, August 22, 2025
Star Lite News
  • Home
  • News
    • All
    • Business
    Natasha Akpoti-Uduaghan

    “My Suspension Was Fraudulent” – Natasha Akpoti-Uduaghan Challenges Akpabio, Denied Access to NASS

    SunTrust Bank

    $12M Money Laundering Trial: SunTrust Bank MD Halima Buba, Executive Face EFCC Witness Testimony in Court

    Buhari

    National Tribute: Public Holiday Declared in Memory of Buhari’s Service to Nigeria

    Okpebholo

    Governor Okpebolo Floors PDP At The Supreme Court

    NYSC

    NYSC Sanctions Corps Member Raye Over Criticism of President Tinubu, Sparks Outrage

    Suspension

    Benue Governor Alia Suspends Chief Press Secretary Indefinitely

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Entertainment
    Chief Kanran

    Legendary Actor Segun Remi, Aka Chief Kanran, Passes On

    Tom Njemanze

    Nollywood Loses Another Legend: Tom Njemanze Passes Away

    Mike Ejeagha

    ‘Gwogwogwo’ Music Legend Mike Ejeagha, Dies At 95 After Battling Prostate Cancer For 16 Years

    AMVCA

    AMVCA 2025 Awards: Full List Of Winners As Chioma Chukwuka, Femi Adebayo Win Best Actress, Actor

    Nathaniel Bassey

    Nigeria’s Gospel Music Maestro Nathaniel Bassey To Minister At Trump’s Inaugural Prayer Breakfast

    Doris Ogah

    Doris Ogah Becomes 45th Miss Nigeria

  • Lifestyle
    • All
    • Food
    GTCO Food and Drinks Festival

    Announcing The 2024 GTCO Food And Drink Festival: A Celebration Of Authentic Flavours

    MKH staff celebrate Chairman’s Mother as she clocks 66…

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Business
  • Politics
  • World
No Result
View All Result
  • Home
  • News
    • All
    • Business
    Natasha Akpoti-Uduaghan

    “My Suspension Was Fraudulent” – Natasha Akpoti-Uduaghan Challenges Akpabio, Denied Access to NASS

    SunTrust Bank

    $12M Money Laundering Trial: SunTrust Bank MD Halima Buba, Executive Face EFCC Witness Testimony in Court

    Buhari

    National Tribute: Public Holiday Declared in Memory of Buhari’s Service to Nigeria

    Okpebholo

    Governor Okpebolo Floors PDP At The Supreme Court

    NYSC

    NYSC Sanctions Corps Member Raye Over Criticism of President Tinubu, Sparks Outrage

    Suspension

    Benue Governor Alia Suspends Chief Press Secretary Indefinitely

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Entertainment
    Chief Kanran

    Legendary Actor Segun Remi, Aka Chief Kanran, Passes On

    Tom Njemanze

    Nollywood Loses Another Legend: Tom Njemanze Passes Away

    Mike Ejeagha

    ‘Gwogwogwo’ Music Legend Mike Ejeagha, Dies At 95 After Battling Prostate Cancer For 16 Years

    AMVCA

    AMVCA 2025 Awards: Full List Of Winners As Chioma Chukwuka, Femi Adebayo Win Best Actress, Actor

    Nathaniel Bassey

    Nigeria’s Gospel Music Maestro Nathaniel Bassey To Minister At Trump’s Inaugural Prayer Breakfast

    Doris Ogah

    Doris Ogah Becomes 45th Miss Nigeria

  • Lifestyle
    • All
    • Food
    GTCO Food and Drinks Festival

    Announcing The 2024 GTCO Food And Drink Festival: A Celebration Of Authentic Flavours

    MKH staff celebrate Chairman’s Mother as she clocks 66…

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Business
  • Politics
  • World
No Result
View All Result
Star Lite News
No Result
View All Result
Home Banking News

GTCO Gears Up For Major Capital Raise Of Up To N525bn

starliteadmin by starliteadmin
March 12, 2024
in Banking News, Business
0
GTCO
0
SHARES
0
VIEWS
Share on FacebookShare on WhatsAppShare on Twitter

In response to various macroeconomic factors, Nigerian banks are strategically positioning to shore up their capital through a dilutive or non-dilutive approach.

According to Industry insiders and market intelligence reports, several banks are actively planning to bolster their capital reserves, with some institutions already taking concrete steps to attract potential investors.

There is very strong indication that the Bank that will soon be in the market to raise N450 billion to N525 billion through a public offer is Guaranty Trust Holding Company Plc (GTCO Plc).

According to very reliable sources, the proceeds from this capital raise will supplement the capital needs of its flagship banking subsidiary, Guaranty Trust Bank.

The capital will facilitate the enhancement of the Bank’s ability to book large ticket transactions, as the effect of devaluation has impacted single obligor limits for most banks and thus their ability to book and participate in large ticket transactions.
We expect GTCO to make this announcement anytime from now.

Guaranty Trust Holding Company Plc consists of other non-banking businesses, including payment, funds management, and pension funds management, in its ecosystem.

Guaranty Trust Bank continues to build value-adding long-term customer relationships based on trust, digital innovations and great customer experience. The Bank continues to strive for excellence in serving its customers and engaging with all stakeholders.

Tags: GTBGTCOGuaranty Trust BankGuaranty Trust Holding Company PlcStarlitenews
Previous Post

EMP Industry Meet Up Spotlights Generation Z’s Pivotal Role In Shaping The Future Workplace

Next Post

Nigeria excluded as UAE announces 5-year multiple-entry tourist visa

starliteadmin

starliteadmin

Related Posts

Zenith Bank

ZENITH BANK MARKS 35 YEARS ANNIVERSARY, CELEBRATES PIONEER CUSTOMERS AND LONG-SERVING STAFF

by starliteadmin
August 18, 2025
0

Amidst pomp and pageantry layered with a mixture of glitz and glamour, Zenith Bank Plc marked its 35th year anniversary...

EcoBank

Ecobank’s InnovateX Challenge Awards ₦20 Million to Young Nigerian Changemakers

by starliteadmin
August 15, 2025
0

Kola Adeleke, Executive Director of Commercial and Consumer Banking at Ecobank Nigeria, has stated that the InnovateX Challenge was created...

Dangote Refinery

Dangote Refinery Reduces Petrol Price to ₦820, Rolls Out 4,000 CNG Trucks

by starliteadmin
August 12, 2025
0

In a move aimed at easing fuel costs and promoting cleaner energy distribution, Dangote Petroleum Refinery has slashed the ex-depot...

Dangote Cement

Minister Extols Dangote Cement, Seeks Partnership To Bridge Housing Gap

by starliteadmin
July 30, 2025
0

Minister of Housing and Urban Development, Ahmed Musa Dangiwa, has lauded the Dangote Cement Plc for its contributions to the...

Dangote Cement

FOOD PRODUCTION: MINISTER LAUDS DANGOTE CEMENT OVER FARMERS’ EMPOWERMENT

by starliteadmin
July 25, 2025
0

Minister of Solid Mineral Development, Mr. Dele Alake has lauded the management of Dangote Cement, Ibese for its contributions to...

TAJBank

System Error: TAJ Bank Drops Court Case to Recover Funds Transferred to 26 Banks

by starliteadmin
July 25, 2025
0

TAJ Bank Ltd experienced a major system glitch in March, resulting in unauthorized transfers totaling N957.4 million to accounts across...

Next Post
Nigeria Passport

Nigeria excluded as UAE announces 5-year multiple-entry tourist visa

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular Posts

  • Tinubu and Timothy

    Prince Chukwudi Timothy Appeals For Dialogue Instead Of Nationwide Protest

    0 shares
    Share 0 Tweet 0
  • Peter Obi says victory of Christ the King College at World Affairs Challenge heartwarming

    0 shares
    Share 0 Tweet 0
  • Family reveals Ifeanyi Ubah’s burial date

    0 shares
    Share 0 Tweet 0
  • ACEACRES24: Akmodel MD Makes Presentations At The 2Days Event (Photos)

    0 shares
    Share 0 Tweet 0
  • Legends of Nollywood Financial Summit Is Here, Meet The Speakers: Apostle Anselm Madubuko, Mrs. Bukola Agbaminoja, Pst. Moji Bakare Asieru-sweet, Others

    0 shares
    Share 0 Tweet 0

Recent Posts

  • Fidelity Bank Restores International Transactions on Naira Debit Cards with Added Travel Benefits
  • ZENITH BANK MARKS 35 YEARS ANNIVERSARY, CELEBRATES PIONEER CUSTOMERS AND LONG-SERVING STAFF
  • Rising Star OfficialJaceBen Balances Music, Sports, and Studies Ahead of New Release
  • Nollywood Producers’ Summit 2025 Charts New Path for Film Financing, Digital Growth & Global Collaboration (Photos)
  • Akmodel Group Collaborates With Nollywood Producers’ Summit 2025 (Photos)
Starlite news icon

Browse by Category

Archives

  • Home
  • About Us
  • Contact Us

© 2022 | Crafted with ❤ by Claridan - Adsvance Digitals.

No Result
View All Result
  • Contact Us
  • About Us
  • Business
  • Politics
  • World
  • Entertainment
  • Lifestyle

© 2022 | Crafted with ❤ by Claridan - Adsvance Digitals.

  • https://starlitenews.com.ng/2024/12/08/movie-producers-seek-partnership-with-u-s-consulate-general/
  • https://starlitenews.com.ng/2024/07/27/aig-imoukhuede-foundation-congratulates-new-head-of-federal-civil-service/
  • https://starlitenews.com.ng/2024/05/24/trimethoprime-en-france-en-pharmacie/
  • https://starlitenews.com.ng/2024/05/06/dangote-cement-says-its-committed-to-capacity-building-for-ogun-host-communities/