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.

Makala yanayohusiana

Celebratory scene at Nigerian Stock Exchange as market cap reaches N100 trillion milestone.
Picha iliyoundwa na AI

Nigerian stock market capitalization hits N100trn on reforms

Imeripotiwa na AI Picha iliyoundwa na AI

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.

Imeripotiwa na AI

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.

Imeripotiwa na AI

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.

Imeripotiwa na AI

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.

Ijumaa, 13. Mwezi wa tatu 2026, 06:12:14

SEC approves VFD Group's rights issue

Jumapili, 8. Mwezi wa tatu 2026, 13:08:52

Signature bank capital surpasses CBN’s N50bn recapitalisation benchmark

Ijumaa, 6. Mwezi wa tatu 2026, 12:37:09

Crunch month for CBN-led bank recapitalisation

Jumatatu, 2. Mwezi wa tatu 2026, 06:42:38

Nigerian stock market surges N1.72trn amid sustained rally, led by MTN and Dangote Cement

Ijumaa, 27. Mwezi wa pili 2026, 17:12:54

Nigeria's GDP grows by 4.07% in Q4 2025

Jumapili, 15. Mwezi wa pili 2026, 15:37:44

Nigeria explores next one hundred trillion dollars industry value chains

Jumanne, 10. Mwezi wa pili 2026, 20:02:49

Lasaco to drive growth in Nigeria’s evolving insurance market

Jumatatu, 12. Mwezi wa kwanza 2026, 06:58:57

GB Lease completes record EGP 4.16bn leasing securitisation

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

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

Jumanne, 16. Mwezi wa kumi na mbili 2025, 08:05:21

Federal government to issue N1.23 trillion power sector bond

 

 

 

Tovuti hii inatumia vidakuzi

Tunatumia vidakuzi kwa uchambuzi ili kuboresha tovuti yetu. Soma sera ya faragha yetu kwa maelezo zaidi.
Kataa