Out of the 13 listed banks on the Nigerian Exchange (NGX), six have so far met the new capital thresholds issued by the Central Bank of Nigeria (CBN).
They include Access Bank, Zenith Bank, GTBank, Wema Bank, Jaiz Bank, and Stanbic IBTC.
In March 2024, the CBN directed commercial banks with international authorization to increase their capital base to N500 billion, while those with national licenses must raise N200 billion.
Banks with regional authorization were given a N50 billion capital floor. Similarly, non-interest banks with national and regional authorizations are required to increase their capital to N20 billion and N10 billion, respectively.
The CBN gave a compliance deadline of March 2026.
Guaranty Trust Bank, the flagship subsidiary of GTCO, has also crossed the N500 billion mark.
Its Q1 2025 financial statements show that share capital and share premium stood at N346.30 billion in Q1 2025 from N138.19 billion in 2023, prior to the CBN’s new directives.
Over the same period, shares outstanding increased from 29.43 billion to 34.15 billion units.
However, in a press statement issued on August 29, 2025, the group announced that following its capital injection, overall, it has increased its share capital from N138.187 billion in 2023 to N504.037 billion. This means GTCO has raised N365.850 billion.
Consequently, its shares outstanding have moved from 29.431 billion in 2023 to 36.426 billion, reflecting 6.994 billion shares added
GTCO’s H1 2025 results are expected to incorporate the full recapitalization.
You probably aren’t well informed about this.
I suggest you make your findings right.