Gtco raises N10bn via private placement after CBN, SEC approval

Gtco has raised N10 billion through a private placement following approvals from the Central Bank of Nigeria and the Securities and Exchange Commission.

On January 1, 2026, GTCO announced raising N10 billion via a private placement. This development came after securing approvals from the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC). The move highlights GTCO's ongoing activities in Nigeria's financial sector, though specific details on fund usage or broader impacts remain limited in available reports.

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Celebratory scene at Nigerian Stock Exchange as market cap reaches N100 trillion milestone.
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Nigerian stock market capitalization hits N100trn on reforms

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The Nigerian stock market has reached a capitalization of N100 trillion, driven by reforms and collaboration. This milestone highlights strong performance in 2025 for the nation's financial markets.

Fidelity Bank has successfully raised N259 billion through a private placement, exceeding the N500 billion capital requirement set by regulators.

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The Nigerian stock market continued its upward trend, with the market capitalization reaching N113 trillion. This extension of positive momentum reflects ongoing investor confidence in the equities sector.

Nigeria’s private sector concluded 2025 on a positive note, with the Stanbic IBTC Bank Nigeria PMI recording 53.5 in December, indicating continued expansion driven by robust customer demand. Business confidence reached a six-month high amid plans for investments and expansions. Despite rising inflationary pressures, the economy showed resilience across sectors.

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As 2026 begins, Nigerians are voicing hopes for a calmer year amid ongoing challenges. Key concerns include rising scams in forex, crypto, and online investments, alongside positive developments in finance and technology.

Nigeria's capital market operators will begin renewing their registrations in January 2026, as announced in recent reports.

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Al Ahly Pharos, the investment banking arm of the National Bank of Egypt, has successfully advised and arranged a EGP 3.52 billion securitization deal for Capital Securitization Company. The issuance is backed by a EGP 4.27 billion portfolio from Tasaheel for Financing S.A.E. This transaction highlights the growing role of securitization in bolstering Egypt's financial liquidity.

 

 

 

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