GTBank's GTCO Goes to London
Another dimension as GTBank's GTCO goes full course with listing in London: "Guaranty Trust Holding Company (GTCO) is setting bold new financial benchmarks following the dual listing of its ordinary shares on the London Stock Exchange (LSE), moving away from its legacy Global Depositary Receipts (GDRs) in a bid to attract long-term global capital and deepen investor confidence."
That is not what that got me excited; here is the line: "Speaking in London shortly after the listing on July 9, 2025, Group CEO Segun Agbaje unveiled the company’s post-listing objectives: a minimum dividend yield of 15% and a floor return on equity (ROE) of 25%—targets aimed at aligning shareholder returns with macroeconomic realities, particularly in a high-inflation environment like Nigeria."
Yes, 15% dividend yield and ROE of 25%. The Nigerian stock exchange has offered a platform to plan the future, but our inflation and currency mess have always distorted most plans. I put at least 15% of everything I earned in Diamond Bank in stocks under my 45-20-20-15 personal economy strategy as a young man, hoping to win the future from the beginning. Today, I hold equities in most of these Nigerian companies. But looking at everything, I made a mistake because Naira has been very bad.
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But GTCO is in London. And I expect many things to change even in Lagos because they're now in London. This is a bold voyage for the banking giant