Tag: GTCO

  • GTCO Launches ‘Waste for Gas’ Initiative to Empower Underserved Communities in Ogun State

    Lagos, Nigeria – Guaranty Trust Holding Company Plc (GTCO) today unveiled its transformative “Waste for Gas” project, designed to improve the quality of life for low-income households and empower women in underserved communities in Ogun State. The initiative, which will distribute 3,000 3kg gas cylinders along with burners, is set to replace traditional firewood and charcoal cooking methods with a more efficient and sustainable alternative.

    A Dual-Phased Approach

    The project will roll out in two phases:

    • Identification and Distribution (February 18th-21st, 2025):
      GTCO teams, working alongside local government representatives, will conduct door-to-door visits across 12 wards in Obafemi Owode Local Government. The aim is to identify eligible households that currently rely on firewood or charcoal for cooking. These households will be invited to participate in the “waste for gas” exchange programme, where they can exchange plastic waste for a gas cylinder and burner.
    • Monitoring and Adoption (February 22nd-23rd, 2025):
      The second phase focuses on monitoring the uptake and proper utilization of the new cooking method, ensuring a smooth transition and sustained benefits for the communities involved.

    Transforming Lives and Communities

    Mr. Segun Agbaje, Group Chief Executive Officer of GTCO Plc, emphasized the initiative’s broader impact:

    “At GTCO, we are committed to driving progress not just through innovative financial solutions but by creating real impact in the communities where we operate. Waste for Gas is about making life easier for families, giving them more time for what truly matters—whether it’s education, meaningful work, or personal development.”

    By shifting household energy practices, GTCO aims to reduce the daily burden on families while promoting responsible waste management and environmental sustainability. The structured exchange programme is expected to foster a culture of sustainability, as residents are encouraged to manage plastic waste effectively.

    A Legacy of Social Impact

    This initiative is part of GTCO’s broader commitment to corporate social responsibility. With operations spanning across Africa and the United Kingdom, GTCO Plc continues to leverage its extensive financial services expertise to drive socioeconomic progress in the communities it serves. The “Waste for Gas” project not only aligns with the company’s innovative approach to CSR but also sets a blueprint for future community-focused interventions.

    About GTCO Plc:
    Headquartered in Lagos, Nigeria, Guaranty Trust Holding Company Plc is a leading financial services institution with a presence in 10 countries. Evolving from a traditional commercial bank to a diversified financial services powerhouse in April 2021, GTCO Plc’s operational entities include Guaranty Trust Bank Limited (GTBank), Guaranty Trust Fund Managers Limited (GTFM), Guaranty Trust Pension Managers Limited (GTPM), and HabariPay Limited (Habari). Renowned for its “Proudly African and Truly International” ethos, GTCO remains committed to enriching lives and empowering communities through sustainable and innovative initiatives.

  • HabariPay Calls for Applications from Young Innovators for Squad Hackathon 2.0

    HabariPay’s Squad, payment fintech subsidiary of Guaranty Trust Holding Company Plc (“GTCO” or the “Group”), today announced dates for its annual social coding competition.

    Building on the success of the inaugural edition, “Squad Hackathon 2.0” is set to take place from the 13th–15th of March 2025 at the state-of-the-art GTCO Training Complex, Tayo’s Plaza, Abeokuta, Ogun State.

    Launched in January 2024, Take on Squad Hackathon is designed to foster creativity, collaboration, and problem-solving skills among emerging tech talents.

    Competing teams will leverage Squad’s advanced APIs to create scalable digital solutions that not only improve their immediate communities but also contribute to addressing wider economic and social concerns.

    The second edition of the hackathon is expected to be even larger and more impactful, with expanded participation from universities across Nigeria and a broader range of impactful problem statements.

    Themed “Finclusion Revolution: Unlocking Access, Empowering Communities,” this 3-day event aims to spotlight how technology can address real-world challenges that limit access to financial services in underserved communities.

    The hackathon will feature onboarding, team-building activities, brainstorming and hacking sessions, and solution development. By providing a platform for university students and other tertiary institution participants to showcase their IT skills, the event fosters personal growth, professional development, and network-building.

    Additionally, it serves as a stepping stone for young innovators to gain exposure, attract investment, and potentially bring their solutions to market.

    Speaking on the upcoming Take on Squad Hackathon 2.0, Eduophon Japhet, Managing Director of HabariPay Ltd, said: “The Take on Squad Hackathon reflects our core mission of empowering businesses and young innovators. We believe that the next big breakthrough in technology will come from young minds who are passionate about solving current and emerging universal challenges. At Squad, we are not just building cutting-edge payment solutions for our clients; we are nurturing a culture of innovation and empowering the next generation of tech leaders in Africa.”

    Registration for Take on Squad Hackathon 2.0 is now open for teams of four. Beyond the grand prizes—₦5 million for first place, ₦3 million for second place, and ₦2 million for third place—standout participants will have the exclusive opportunity to join the Squad Hackademy.

    This initiative, powered by Squad, provides young innovators with access to comprehensive learning resources, expert mentorship, and exclusive job opportunities within Squad’s ecosystem of partners.

    Don’t miss this chance to make a difference with your squad and be part of a vibrant community of young innovators shaping the future of digital payments in Africa.

    For more details and application guidelines, please visit https://squadco.com/hackathon.

    About HabariPay

    HabariPay Ltd is the fintech subsidiary of Guaranty Trust Holding Company Plc (GTCO), one of the largest financial services institutions in Africa with direct and indirect investments in a network of operating entities located in 10 countries across Africa and the United Kingdom.

    Licensed by the Central Bank of Nigeria (CBN), our goal is to support SMEs, micro merchants, large corporations and other fintechs (Tech Stars) with the tools they need to thrive in an evolving digital economy and expand beyond their current market reach. HabariPay’s solutions include Squad, a full-scale digital payments toolkit to make in-person and online payments simpler, HabariPay Storefront, an e-commerce website to facilitate online purchases, Value-Added Services to help merchants access cost-effective and flexible airtime and data bundles to run their businesses, as well as a switching infrastructure that enables tech-focused businesses to optimise cost and make transactions more efficient.

    HabariPay’s contributions to Accelerating Digital Acceptance in Africa have not gone unnoticed–it received Mastercard’s Innovative Mobile Payment Solution Award at TIA 2022 for its innovative payment solution, SquadPOS.

    About Squad

    Squad is a complete digital payments solution that is reliable, secure, and affordable, making receiving in-person and online payments simpler and convenient.

    Thousands of merchants currently leverage Squad’s payment solutions for their daily business operations. Squad’s current products and service offerings include SquadPOS, Squad Payment Links, Squad Virtual Accounts, USSD, and E-Commerce Storefront.

  • GTBank Removes POS Processing Fees to Support Businesses

    Guaranty Trust Bank Ltd has announced the removal of processing fees on all GTBank POS terminals, reinforcing its commitment to supporting businesses with cost-effective payment solutions.

    This initiative, which took effect Tuesday, 11 February 2025, communicates that merchants using GTBank POS terminals will no longer incur Merchant Service Charges (MSC) when receiving payments from customers.

    With this initiative, all qualifying SME Merchants can now receive payments at zero cost, allowing them to reduce operational expenses, whilst promoting the merchant’s enterprise, and enhancing customer experience.

    Speaking on the initiative, Miriam Olusanya, Managing Director, Guaranty Trust Bank Nigeria, said: “At Guaranty Trust Bank, we are always looking for ways to add value to our financial ecosystem. By implementing the zero processing fees on POS transactions, we are empowering businesses to get the full value of every payment they receive, whilst also ensuring a more seamless and efficient payment experience.”

    The Zero Processing Charge campaign aligns with GTBank’s ongoing efforts to empower businesses with innovative financial solutions that drive growth and efficiency.

    For more information, merchants are encouraged to contact their Relationship Managers or reach out to the Digital Banking Support Team at poshelpdesk@gtbank.com.

    About GTBank

    Guaranty Trust Bank (GTBank) is a leading financial institution committed to delivering innovative banking solutions that empower businesses and individuals. With a strong focus on technology and customer satisfaction, GTBank continues to redefine the banking experience across Africa and beyond.

  • GTCO raises ₦209bn in its first tranche of equity capital raise programme

    Lagos, Nigeria – Guaranty Trust Holding Company Plc (GTCO Plc), listed on the Nigerian Exchange (NGX: GTCO), has announced the successful conclusion of the first tranche of its equity capital raise programme.

    This milestone follows the completion of a capital verification exercise conducted by the Central Bank of Nigeria (CBN) and the approval of the Basis of Allotment by the Securities and Exchange Commission (SEC).

    The offer, which attracted significant interest from domestic retail investors, raised ₦209.41 billion through 130,617 valid applications for 4,705,800,290 Ordinary Shares. The allotment was fully subscribed, marking a successful start to GTCO Plc’s phased recapitalization strategy, designed to balance participation between institutional and retail investors.

    Speaking on the development, Segun Agbaje, Group Chief Executive Officer of GTCO Plc, expressed gratitude to stakeholders: “We extend our sincere appreciation to our new and existing shareholders, as well as the regulatory authorities, for their unwavering support during this initial phase of our equity capital raise.

    READ ALSO: U.S Congress Certifies Trump’s Election Four Years After Capitol Building Invasion

    “The strong participation and successful capital verification exercise reaffirm the confidence investors have in our fundamentals and execution capabilities. This sets a solid foundation for accelerating our strategic roadmap to unlock greater value across our Banking and Non-Banking businesses.”

    The Group plans to commence the second phase of the recapitalization exercise in 2025, which will focus on attracting foreign institutional investments to bolster GTCO’s international footprint. Proceeds from the equity raise will be used to recapitalize Guaranty Trust Bank Limited, its flagship subsidiary, ensuring regulatory compliance while enhancing growth initiatives. The funds will also support product innovation, expansion across Banking and Non-Banking subsidiaries, and overall operational improvements.

    GTCO Plc is recognized as one of Africa’s leading financial institutions, with a presence in 10 countries across Africa and the United Kingdom. The Group provides comprehensive banking, wealth management, and financial technology services to millions of customers, cementing its position as a key player in the financial services sector.

    This achievement underscores GTCO’s commitment to sustainable growth and innovation, as it continues to deliver value to its stakeholders and contribute to Africa’s economic development.

  • Stakeholders, experts fume over allegations against GTCO

    By Our Reporter

    Stakeholders and financial industry experts have reacted to the series of allegations against Guaranty Trust Holding Company (GTCO) Plc.

    A civic organization, Global Integrity Crusade Network (GICN), had on Friday, September 4, 2024, released a Private Investigative Report signed by its President, Edwin Omaga, alleging a series of “unscrupulous, unethical and criminal activities” against Guaranty Trust Bank Limited, the flagship subsidiary of the GTCO group.

    The report, which has been actively circulating in social media showing the leadership of GICN in a prolonged press conference on the subject matter, highlighted damning allegations of corporate misconduct, which many social media followers have strongly commented on.

    However, GTCO has refuted the allegations and described the report as false.

    In a statement made available to THEWILL by the group’s head of corporate communications, Charles Eremi, the foremost financial services group said GICN set out to create a false narrative about the GTCO brand and its management.

    “Being a responsible corporate citizen and a first-class institution, GTCO Plc has taken swift and decisive legal actions against the various sources of these false reports,” the statement read, adding “We will continue to use the full extent of the rule of law available to safeguard our reputation.”

    “Based on the incessant release of false news reports on GTCO’s business activities, Results and its Management Team, it has become necessary to set the records straight and dispel attempts by certain groups to create a false narrative about the GTCO Brand and its Management.

    “The false news articles which are being sponsored using the media, center around baseless allegations against the Group’s business activities and its Executive Management.

    “We urge all our Customers, Shareholders and Stakeholders to kindly disregard all the allegations being peddled through various media platforms and handles. All of our Executive Management team continue to operate in their full capacities as appointed, and are not under any financial or regulatory scrutiny as alleged,” the statement reads.

    READ ALSO: MADF Receives $15,000 Grant for Tech Upgrades to Improve Services

    An investment expert and chairman, Trusted Shareholders Association of Nigeria, Alhaji Mukhtar Mukhtar condemned the development as a calculated attempt by the GICN group to pull down one of Nigeria’s major financial services institutions.

    In a telephone chat with THEWILL Mukhtar lamented over the deliberate efforts of some people to pull down an institution like GT Bank without considering the consequences – loss of employment, negative impact on investors’ assets and depositors’ funds as well as the support to the economy through granting loans and advances to customers.

    “GT Bank is one of the strongest new-generation banks. It has been making profits over the years and paying dividends to the shareholders, providing employment to Nigerians and giving value to investors. Much as I would not condone wrongdoing, I do not believe that a reputable institution would descend so low to dabble in such wrongdoings it is being accused of,” he said.

    He added: “There are better ways of approaching a matter like this, such as petitioning the various regulatory bodies instead of coming to the media to malign a reputable institution like GT Bank.”

    National Co-ordinator, Progressive Shareholders Association of Nigeria, Boniface Okezie, lambasted the accusing group for wrongfully playing the role of the regulator. He noted that banking is a highly regulated sector and that no such misdemeanor could happen in a financial services institution without being detected.

    “I watched the press conference online. I do not believe the allegations. Who is the group making the allegation? Are they the regulators of the industry? You don’t call a press conference to malign an institution. It is uncalled for; I do not believe in the rumours being spread by those people and I urge the public not to believe them, either.

    “The CBN is there, the NDIC, the Financial Reporting Council – are all there. If a customer has a complaint, he knows where to take it to. And that will be resolved. GT Bank is a strategic and important institution in the financial services industry and should not be maligned for any reason,” Okezie told THEWILL by telephone.

    In his reaction, Dr Paul Uzum, a stockbroker and investment expert urged Nigerians to dispel the rumour being spread against GT Bank. He told THEWILL via telephone that GT Bank is a very strong and strategic bank that cannot be associated with the allegations being peddled by the accusing group.

    He said, ‘GT Bank is one of the strategically cut-out banks. If anything happens to GT Bank, the market is gone because we do not have many of its kind in the industry. How many companies do we have like that? They are one of the flagships in the market and cannot be pushed over in terms of performance and corporate governance. The story must have been sponsored by an aggrieved party, but that is not the right way to go about it.”

    Sam Ndata, an investment expert and Doyen of the Stockbrokers urged Nigerians and others not to rush into believing the allegations without proof because that would be injurious to the corporate image of GT Bank

    GTCO reported an impressive result in its H1 2024 performance. It posted a profit before tax of N1.004 trillion, becoming the first Nigerian financial institution to cross the N1 trillion mark in profit. This milestone figure represents an increase of 206.6% over N327.4 billion recorded in the corresponding period ended June 2023.

    The Group’s loan book (net) Increased by 25.5% from N8trillion recorded as at December 2023 to N3.11trillion in June 2024, while deposit liabilities grew by 39.8% from N7.55trillion in December 2023 to N10.55trillion in June 2024.

  • GTBank emerges best bank in corporate social responsibility

    Guaranty Trust Bank Ltd (“GTBank,” or “the Bank”), flagship subsidiary of Guaranty Trust Holding Company Plc (GTCO), one of the largest financial services institutions in Africa, has been named Best Bank in Corporate Social Responsibility in Nigeria at the prestigious Euromoney Awards for Excellence 2024.

    This recognition underscores GTCO’s unwavering commitment to excellence, going beyond offering innovative financial services and creating more value for its stakeholders to enriching lives and constantly exploring new opportunities to drive positive change in society.

    Announcing the Award, Euromoney highlighted the range and impact of GTCO’s CSR initiatives spanning education, health, community development, and financial inclusion.

    Over the years, Guaranty Trust has not only led with innovation and service excellence but also consistently demonstrated steadfast dedication to making a positive impact and creating shared value through CSR.

    Central to these efforts are its consumer-focused events—the GTCO Food and Drink Festival and the GTCO Fashion Weekend—both of which offer free business platforms for budding as well as established entrepreneurs to showcase their talents, share their unique stories, and connect with a broader audience.

    The Annual GTCO Autism Programme, an offshoot of the Orange Ribbon Initiative, aims to provide ongoing support for persons with developmental disabilities, focusing on those with autism spectrum disorder (ASD).

    READ ALSO: Nigerian doctor builds the first fully digitalized hospital in Africa… Happy birthday Doctor Richard Okoye

    Commenting on the Award, Segun Agbaje, Group CEO of Guaranty Trust Holding Company Plc, stated: “As a Proudly African institution, we recognise that our success is inextricably linked to the well-being of the society in which we operate. Our commitment to corporate social responsibility is deeply rooted in our belief that businesses must act as a force for good, driving sustainable progress, and fostering inclusive growth. Over the years, we have successfully developed several free-business platforms and continue to sponsor impactful social causes that have benefited millions of people and businesses across Africa. This recognition from Euromoney is a testament to the far-reaching impact of our initiatives, and it reinforces our resolve to create enduring value and ensure better outcomes for all.”

    About GTCO

    Guaranty Trust Holding Company Plc is the ultimate holding company of the GTCO Plc Group, one of the largest financial services institutions in Africa. Headquartered in Lagos, Nigeria, Guaranty Trust Holding Company Plc maintains direct and indirect investments in a network of operating entities located in 10 countries across Africa and the United Kingdom. Within these regions, the operating entities provide a comprehensive range of commercial banking and related financial services to millions of retail, institutional, private banking and wealth management customers, in addition to asset management, pension fund administration and payment technology businesses.

    GTCO’s leadership in the banking industry and efforts at empowering people and communities have earned it many prestigious awards over the years. Guaranty Trust Bank is a Twelve-time winner of Euromoney’s Best Bank in Nigeria award and was recently named Nigeria’s Strongest Brand and Best Banking Brand in Nigeria by Brand Finance and Global Brands Magazine, respectively.

  • GTCO reports ₦1.004trn profit before tax in first half of 2024

    By Frank Ulom

    Guaranty Trust Holding Company Plc (“GTCO” or the “Group”) has released its Audited Consolidated and Separate Financial Statements for the period ended June 30, 2024, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE).

    The Group reported profit before tax of ₦1.004 trillion, becoming the first Nigerian financial institution to cross the ₦1 trillion mark in profit. This milestone figure represents an increase of 206.6% over ₦327.4 billion recorded in the corresponding period ended June 2023. The Group’s loan book (net) Increased by 25.5% from ₦2.48 trillion recorded as at December 2023 to ₦3.11 trillion in June 2024, while deposit liabilities grew by 39.8% from ₦7.55 trillion in December 2023 to ₦10.55 trillion in June 2024.

    The Group recorded growth across all its asset lines and continues to maintain a well-structured, healthy, and diversified balance sheet across all jurisdictions wherein it operates a Banking franchise as well as across its Payments, Pension and Funds Management business verticals with total assets and shareholders’ funds closing at ₦14.5 trillion and ₦2.4 trillion, respectively. Capital Adequacy Ratio (CAR) remained very robust and strong, closing at 21.0%, while asset quality was sustained as evidenced by IFRS 9 Stage 3 Loans which closed at 4.3% in June 2024 from 4.2% in December 2023 and improvement in Cost of Risk (COR) to 1.6% from 4.5% in December 2023.

    READ ALSO: NPFL postpones El-Kanemi Warriors vs Kwara United clash

    Commenting on the results, the Group Chief Executive Officer of Guaranty Trust Holding Company Plc, Mr. Segun Agbaje, said: “We are immensely proud of the progress we have made as a leading financial holding company. Despite the uncertainties in the operating environment, our performance in the first half of the year, where we recorded our highest profit to date, is a testament to the resilience and adaptability of our business model. We remain optimistic about the future and are committed to leveraging our unique strengths as a thriving financial services ecosystem to create sustainable value for all our stakeholders as we continue to position all our business verticals–Banking, Funds Management, Pension, and Payments–for rapid growth across key markets.”

    Overall, the Group continues to post one of the best metrics in the Nigerian Financial Services industry in terms of key financial ratios i.e., Pre-Tax Return on Equity (ROAE) of 103.6%, Pre-Tax Return on Assets (ROAA) of 16.6%, Full Impact Capital Adequacy Ratio (CAR) of 21.0% and Cost to Income ratio of 16.7%.

    GTCO Guaranty Trust Holding Company Plc is the ultimate holding company of the GTCO Plc Group, one of the largest financial services institutions in Africa. Headquartered in Lagos, Nigeria, Guaranty Trust Holding Company Plc maintains direct and indirect investments in a network of operating entities located in 10 countries across Africa and the United Kingdom.

    GTCO’s leadership in the banking industry and efforts at empowering people and communities have earned it many prestigious awards over the years. Guaranty Trust Bank is a Twelve-time winner of Euromoney’s Best Bank in Nigeria award and was recently named Nigeria’s Strongest Brand and Best Banking Brand in Nigeria by Brand Finance and Global Brands Magazine, respectively.

  • GTBank emerges best bank for corporate social responsibility (CSR) in Nigeria

    By Frank Ulom

    Guaranty Trust Bank Ltd (“GTBank,” or “the Bank”), flagship subsidiary of Guaranty Trust Holding Company Plc (GTCO), one of the largest financial services institutions in Africa, has been named Best Bank in Corporate Social Responsibility in Nigeria at the prestigious Euromoney Awards for Excellence 2024.

    This recognition underscores GTCO’s unwavering commitment to excellence, going beyond offering innovative financial services and creating more value for its stakeholders to enriching lives and constantly exploring new opportunities to drive positive change in society.

    Announcing the Award, Euromoney highlighted the range and impact of GTCO’s CSR initiatives spanning education, health, community development, and financial inclusion. Over the years, Guaranty Trust has not only led with innovation and service excellence, but also consistently demonstrated a steadfast dedication to making a positive impact and creating shared value through CSR. Central to these efforts are its consumer-focused events—the GTCO Food and Drink Festival and the GTCO Fashion Weekend—both of which offer free business platforms for budding as well as established entrepreneurs to showcase their talents, share their unique stories, and connect with a broader audience. The Annual GTCO Autism Programme, an offshoot of the Orange Ribbon Initiative, aims to provide ongoing support for persons with developmental disabilities, focusing on those with autism spectrum disorder (ASD).

    READ ALSO: Report Says Over 13000 Nigerians Killed, 9200 Abducted In Tinubu’s 15-Month Administration

    Commenting on the Award, Segun Agbaje, Group CEO of Guaranty Trust Holding Company Plc, stated: “As a Proudly African institution, we recognise that our success is inextricably linked to the well-being of the society in which we operate. Our commitment to corporate social responsibility is deeply rooted in our belief that businesses must act as a force for good, driving sustainable progress, and fostering inclusive growth. Over the years, we have successfully developed several free-business platforms and continue to sponsor impactful social causes that have benefited millions of people and businesses across Africa. This recognition from Euromoney is a testament to the far-reaching impact of our initiatives, and it reinforces our resolve to create enduring value and ensure better outcomes for all.”

    About GTCO

    Guaranty Trust Holding Company Plc is the ultimate holding company of the GTCO Plc Group, one of the largest financial services institutions in Africa. Headquartered in Lagos, Nigeria, Guaranty Trust Holding Company Plc maintains direct and indirect investments in a network of operating entities located in 10 countries across Africa and the United Kingdom. Within these regions, the operating entities provide a comprehensive range of commercial banking and related financial services to millions of retail, institutional, private banking and wealth management customers, in addition to asset management, pension fund administration and payment technology businesses.

    GTCO’s leadership in the banking industry and efforts at empowering people and communities has earned it many prestigious awards over the years. Guaranty Trust Bank is a Twelve-time winner of Euromoney’s Best Bank in Nigeria award and was recently named Nigeria’s Strongest Brand and Best Banking Brand in Nigeria by Brand Finance and Global Brands Magazine, respectively.

  • GTCO Plc launches public offer to raise N400.5billion

    Guaranty Trust Holding Company plc (“GTCO PLC” or the “Issuer”) (NGX: GTCO) today announced the opening of its Offer for Subscription of 9,000,000,000 Ordinary Shares of 50 kobo each at N44.50 per Ordinary Share (the “Offer”) following the clearance of the Offer Prospectus and registration of the Offer Shares by the Securities and Exchange Commission, Nigeria (SEC Nigeria). Net proceeds of the Offer will be applied toward the recapitalisation of GTCO PLC’s principal banking subsidiary, Guaranty Trust Bank Limited (GTBank Nigeria) as well as support Group-wide growth and expansion initiatives.

    Application List for the Offer opens on Monday, 15th July 2024, and closes on Monday, 12th August 2024.

    The Prospectus incorporating the Application Form is available in physical format at all GTBank Nigeria branches nationwide and in electronic format from www.gtcoplc.com. The Prospectus and Application Forms can also be obtained in physical and electronic formats at the offices and websites of the Issuing Houses to the Offer:

    Issuing Houses Websites

    • Stanbic IBTC Capital Limited (Lead Issuing House) – stanbicibtccapital.com
    • ABSA Capital Markets Nigeria Limited – cib.absa.africa
    • FCMB Capital Markets Limited – fcmbcapitalmarketsng.com
    • Vetiva Advisory Services Limited – vetiva.com

    The Prospectus and Application Forms are also available from the Stockbrokers to the Offer and other Receiving Agents nationwide.

    Commenting on the launch of the Public Offer, the Group Chief Executive Officer of Guaranty Trust Holding Company plc, Segun Agbaje, said: “This equity capital raise is timely and marks a significant milestone in our strategic plan to pivot the organisation for transformational growth across the Banking businesses in and outside Nigeria, and the non-banking businesses; differentiating it as a leading Financial Services Group in Africa. Over the last three years, we have diversified the earnings of the Group beyond pure banking play, through the creation of a Payments subsidiary and selective acquisitions in the Funds Management and Pension Fund Administration sectors; delivering exceptional value to our stakeholders whilst also enriching the lives of people in every community where we operate”.

    READ ALSO: Gov Mohammed sacks security adviser in Bauchi

    GTCO is the most capitalised Banking stock on the Nigerian Stock Exchange and has consistently outperformed its peers in terms of key profitability indicators and other financial metrics. Widely regarded as a first-rate financial institution, GTCO’s leadership in the Nigerian financial services industry and continuing efforts at empowering people and communities across Africa has earned it many prestigious awards over the years.

    Before subscribing, please read the Offer Prospectus and where in doubt, consult your stockbroker, fund/portfolio managers, accountant, banker, solicitor, tax consultant or an independent adviser registered by the SEC for guidance. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

    About GTCO PLC

    Guaranty Trust Holding Company Plc is the ultimate holding company of the GTCOPLC Group.

    The GTCOPLC Group is one of the largest financial services institutions in Africa. Headquartered in Lagos, Nigeria, Guaranty Trust Holding Company Plc maintains direct and indirect investments in a network of operating entities located in 10 countries across Africa and the United Kingdom. Within these regions, the operating entities provide a comprehensive range of commercial banking and related financial services to millions of retail, institutional, private banking and wealth management customers, in addition to asset management, pension fund administration and payment technology businesses.

    More information on the Offer can be found at www.gtcoplc.com.

    For enquiries, please contact:

    Investor Relations:
    +234 2012714580
    ir@gtcoplc.com

  • GTCO to empower persons living with autism

    By Ben Nsemo

    Guaranty Trust Holding Company Plc (“GTCO” or “the Group”) has announced dates for the 2024 GTCO Autism Programme and follow-up consultations.

    This year’s programme is themed “A Spectrum of Possibilities” to promote inclusivity, self-advocacy, and empowerment for persons on the Autism Spectrum.

    The theme, A Spectrum of Possibilities, aligns with GTCO’s commitment to diversity, equity, and inclusion, and its goal of creating a society where everyone can thrive and reach their full potential, regardless of their background or abilities.

    The theme acknowledges and celebrates this diversity, recognising that each person living with autism has their own unique strengths, challenges, and potential.

    The GTCO Autism Programme, a flagship project under the Orange Ribbon Initiative, has established itself as a beacon of hope and a reference point for autism advocacy and intervention in Africa.

    Over the years, the programme has made a significant impact, providing support and empowerment to thousands of individuals with neurodevelopmental disorders. In collaboration with specialists and partner organisations from Nigeria and outside Nigeria, the programme will feature lectures, panel discussions, and performances carefully prepared to showcase the diverse talents that exist in the autism community.

    The programme will also create a platform where families and guardians can connect with experts and share experiences and insights. This interactive platform will facilitate meaningful discussions and knowledge sharing on various aspects of autism.

    READ ALSO: Nigeria is no longer interested in airline partnership — Ethiopian Airlines

    In Nigeria, the programme will be held on the 15th and 16th of July at the Muson Centre, Lagos, whilst the free one-on-one clinic consultations will open from the 16th to the 20th of July at the Chapel of Light, Alausa, Ikeja.

    Meanwhile, in Ghana, the activities will begin with a workshop on the 23rd of July at the University of Professional Studies, Accra, Ghana, and consultations will last from the 23rd to the 27th of July at the same venue.

    Commenting on the 2024 GTCO Autism Programme, Mr Segun Agbaje, Group Chief Executive Officer of Guaranty Trust Holding Company Plc, stated: “Everyone has something special to offer, and we want to help individuals with autism succeed and lead healthy, supportive lives. By embracing autism as a strength, and not a weakness, we can help individuals with ASD find their passion, develop skills, and make meaningful impact in society.”

    He added: “We are learning more about autism every day, and we are dedicated to using that knowledge to make a positive difference. We believe that everyone deserves to live a fulfilling life, and we are committed to making that possible; by working together, we can build a society that values diversity, promotes inclusion, and empowers everyone to thrive.”

    For more information on the GTCO Autism Programme and free consultations, please visit: https://csr.gtbank.com/autism.