GTCO Raises $100 Million in London Listing to Meet CBN Capital Requirement
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币界网报道：GTCO, a Nigerian financial services group, has raised $100 million through a London listing to meet the Central Bank of Nigeria's (CBN) new capital requirement of N500 billion ($336 million) for commercial banks. The move comes as part of GTCO's strategy to comply with the CBN's directive, which mandates banks to increase their capital base by March 2026. The funds raised will bolster GTCO's financial position and support its expansion plans. The CBN's capital requirement aims to strengthen the banking sector's resilience amid economic challenges. GTCO's successful fundraising highlights investor confidence in Nigeria's financial market despite regulatory pressures.
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