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Finance in Africa
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Nigeria’s GTCO pumps $239m into banking subsidiary to meet CBN capital rule
https://financeinafrica.com/news/nigerias-gtco-pumps-subsidiary-cbn/
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The injection, funded through GTCO’s two-phased equity capital raising programme approved in 2024, increases GTBank’s share capital from ₦138.2bn ($90.1m) to ₦504.0bn ($328.8m) — surpassing the CBN’s ₦500bn ($326.2m) threshold.
