GTCO’s market capitalisation tops N2trn for first time ever

Guaranty Trust Holding Company (GTCO), the parent of GTBank, saw its market capitalisation hit the N2 trillion mark on Monday for the first time as its share price rose by 1.8 percent.

GTCO’s valuation rose to N2.13 trillion from N1.8 trillion on Friday, according to data from the Nigerian Exchange Limited.

It is the second bank to achieve a N2 trillion valuation. In 2008, First Bank of Nigeria became the first Nigerian lender and first listed company on the stock exchange to hit N2 trillion market capitalisation.