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 Federal Government of Nigeria has finalized plans to issue a N1.23 trillion Power Sector Bond to tackle debts owed to power generation companies and stabilize the electricity market. Finance Minister Wale Edun announced this during an investor forum, highlighting its role in a broader N4 trillion debt resolution program. The initiative aims to restore liquidity and investor confidence in the Nigerian Electricity Supply Industry.

United Africa Company of Nigeria (UACN) has reported a significant 74% increase in its revenue, reaching N343.4 billion.

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The Nigerian stock market rose by 0.42% driven by investor interest in BUA Foods shares. This gain reflects optimism in the food sector amid broader market activities.

Under the Trump administration, U.S. regulators have shifted toward integrating cryptocurrency into the traditional financial system, marking a historic change from prior enforcement-heavy approaches. Key developments include new legislation for stablecoins and approvals for crypto firms to operate like banks. This evolution has boosted institutional adoption amid Bitcoin's volatile but upward price trajectory.

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President Bola Tinubu has established a seven-member inter-ministerial committee to address the N4 trillion debt owed to 2,000 contractors. The initiative targets resolution of outstanding payments to federal project executors.

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GB Lease completes record EGP 4.16bn leasing securitisation

Jumanne, 6. Mwezi wa kwanza 2026, 16:00:22

Government issues debt quota of $152 trillion for budget financing

Jumatatu, 5. Mwezi wa kwanza 2026, 00:26:57

Nigeria’s private sector ends 2025 with strong growth

Jumatano, 31. Mwezi wa kumi na mbili 2025, 04:38:22

Nigerians express hopes for a quieter 2026

Jumanne, 30. Mwezi wa kumi na mbili 2025, 23:56:37

GlobalCorp issues eighth securitization bond worth EGP 2.5 billion

Jumapili, 28. Mwezi wa kumi na mbili 2025, 22:34:51

CBN raises N15.3tn from treasury bills to bridge budget deficit

Jumanne, 23. Mwezi wa kumi na mbili 2025, 11:15:22

CBN drives e-payment modernisation for cybersecurity

Jumamosi, 20. Mwezi wa kumi na mbili 2025, 09:38:05

NSE flags off joint venture housing project with Lagos, other partners

Ijumaa, 19. Mwezi wa kumi na mbili 2025, 01:32:38

Tinubu presents N58.47trn 2026 budget to National Assembly after FEC approval

Jumatatu, 8. Mwezi wa kumi na mbili 2025, 04:12:50

Global Bank Ethiopia meets capital threshold with strong revenue growth

 

 

 

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