Guaranty Trust Holding Company Plc (GTCO) has set a historic precedent, becoming the first Nigerian banking stock to cross the ₦100 mark on the Nigerian Exchange (NGX). On July 16, GTCO’s shares hit ₦101.50 mid-session, closing between ₦102 and ₦103, fueled by a 27% surge in July alone.
This landmark reflects investor confidence, backed by strong financials of ₦300.4 billion in pre-tax profit in Q1 2025, over 41% growth in both interest and fee income, and regulatory compliance. GTCO’s global strategy was further strengthened with a dual listing: 2.29 billion shares on the London Stock Exchange and 2.28 billion on NGX.
CEO Segun Agbaje reaffirmed the bank’s 15% dividend yield target and 25% minimum return on equity. GTCO also stands out as the only FUGAZ bank to close positive after CBN’s dividend freeze.
With a 22% rise in the NGX Banking Index this month, GTCO’s momentum is sparking renewed investor interest. Its performance signals not just a price rally but a bold repositioning of Nigerian banking on the global stage.
