Nigeria, Jan. 23 -- Guaranty Trust Holding Company (GTCO) said it has allotted 125 million ordinary shares worth N10 billion in respect of the private placement held by the financial services group in December 2025.

The banking group received a single application for the said number of shares, which was considered valid under the terms of the capital raise programme and processed accordingly, recording a 100 per cent subscription, according to a regulatory filing on Thursday.

The shares were issued at N80 per unit. No mention was made of the name of the allottee.

"The allotted shares will be credited immediately to the CSCS Account of the allottee by the registrar to the placing, DataMax Registrars Limited, 2C Gbagada Expressway, off B...