GTCO has just made a major move that is shaking up the West African financial space. On July 9, 2025, the Nigerian banking giant became the first West African bank to list its ordinary shares directly on the London Stock Exchange Main Market. This is not just another financial update; it’s a landmark event for Nigeria and the entire region.
Previously, GTCO’s presence in London was limited to Global Depositary Receipts, also known as GDRs. But this new direct listing means the bank is offering real shares to global investors. It gives the company more visibility and access to capital from international markets. It also puts GTCO in the same room as some of the world’s biggest players.
This move comes at a crucial time. The Central Bank of Nigeria recently raised the minimum capital requirement for banks with international licenses. Each of them must now raise at least ₦500 billion by 2026. GTCO has already raised over ₦200 billion through local means. With this London listing, the company is adding around $100 million more to its war chest.
Investor reaction has been strong. GTCO’s share price on the Nigerian Exchange jumped following the announcement. Its market value has now crossed the ₦3 trillion mark. The bank’s latest financials also show solid performance. Profit after tax grew by over 60 percent in the first quarter of the year. Its strong capital base and rising deposit numbers show that GTCO is in a healthy position.
The listing also sends a powerful message. It shows that Nigerian and West African companies can compete globally. GTCO is setting an example that others may soon follow. For the banking sector in the region, this is a big deal.
CEO of GTCO, Segun Agbaje, called the move a turning point for the company. He believes it will bring more growth, attract new investors, and improve the company’s global standing. GTCO will fully transition from GDRs to ordinary shares by the end of July. From then on, the company’s ticker will appear as “GTCO” on the London exchange.
This is more than just a financial story. It’s a sign of ambition, growth, and confidence. GTCO is no longer just a Nigerian success story; it’s now playing on a global stage.
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