Guaranty Trust Holding Company Plc (GTCO), one of Nigeria’s leading financial services groups, is seeking to raise $100 million as part of its strategic recapitalisation drive — a move that also sets the stage for a potential listing on the London Stock Exchange (LSE).

Sources familiar with the development confirmed that the capital raise will support GTCO’s efforts to meet the Central Bank of Nigeria’s (CBN) new minimum capital requirements for banks, as well as bolster its international expansion and digital transformation agenda.

“GTCO is exploring a mix of equity and quasi-equity instruments to raise the funds, with strong interest from institutional investors in Europe and North America,” one insider revealed.

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Strategic Push Toward Global Markets

The planned LSE listing is part of GTCO’s broader ambition to reposition itself as a pan-African and global financial player. The bank is reportedly working with international advisers to meet regulatory requirements and ensure a smooth dual listing.

“A London listing would enhance GTCO’s visibility, improve access to foreign capital, and increase investor confidence,” said Dr. Bamidele Aruna, a financial analyst at Lagos-based firm Afrinvest. “It’s a timely move, especially with Nigeria’s evolving regulatory landscape.”

GTCO’s expansion plans include deepening its presence in East and West Africa, scaling its fintech subsidiaries, and growing its wealth management and payment solutions arms.

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CBN Recapitalisation Drive Triggers Industry Shake-Up

The move comes amid the Central Bank of Nigeria’s directive for banks to raise fresh capital to strengthen the financial system, manage risks, and support the government’s economic reform agenda. Banks with international licenses are expected to meet significantly higher capital thresholds under the new framework.

GTCO, known for its strong balance sheet and brand equity, is among the first Tier-1 lenders to formally initiate recapitalisation plans under the new regime.

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Market Reaction and Investor Confidence

The news has sparked renewed interest in GTCO stock, with market analysts predicting improved investor sentiment if the capital raise and LSE listing materialize successfully.

As of Wednesday, GTCO shares on the Nigerian Exchange had risen slightly amid speculation surrounding the planned fundraising efforts.

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GTCO has not released an official statement on the London listing timeline, but stakeholders expect announcements in the coming quarters, pending regulatory approvals and market conditions.