Prime Business AfricaThe number of banks worth over a trillion naira in the stock market has increased from five to seven on Wednesday, June 25, as Fidelity Bank joined the list after its market capitalisation hit N1 trillion at the end of trading.
According to data obtained from the Nigerian Exchange Limited (NGX), the trillion-naira banks are United Bank for Africa (UBA), Zenith Bank, Guaranty Trust Holdings Company (GTCO), Fidelity Bank, Access Holdings, First HoldCo, and Stanbic IBTC.
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GTCO
GTCO is the most valuable bank in Nigeria with N2.83 trillion market capitalisation as of June 25, rising from the N1.94 trillion it started the year with, according to Prime Business Africa’s analysis.
This showed the lender’s market capitalisation increased by N887.56 billion within six months after the company’s share price rose by 45.61 percent or N26 from N57 on January 2 to N83 on June 26.
Zenith Bank
Zenith Bank is the second most valuable lender after its market capitalisation increased by N498.99 billion year-to-date from N1.88 trillion to N2.38 trillion.
The increase was driven by a 26.49 percent appreciation in Zenith Bank’s shares, which traded at N58 per share on June 25, compared to the N45.85 kobo price on January 2, reflecting an increase of N12.15 kobo.
UBA
With N1.48 trillion market capitalisation, UBA held the third spot on the list, after its market valuation increased by N86.18 billion between January and June, from N1.40 trillion.
Prime Business Africa’s analysis showed that during the period, UBA’s share price appreciated by N2.1 kobo or 6.14 percent, as demand for its shares pushed the share price from N34.20 kobo to N36.30 kobo.
Stanbic IBTC
Stanbic IBTC rose to the fourth position, surpassing Access Holdings and First HoldCo, after its market capitalisation jumped to N1.38 trillion from the N922.30 billion valuation recorded at the beginning of the year.
The financial institution saw its market valuation increase by N461.15 billion in the first half of this year, following a 50 percent or N29 growth in its share price, which grew from N58 on January 2 and N87 on June 25.
Access Holdings
After losing N53.31 billion in its market capitalisation in the last six months, Access Holdings fell to the fifth position with N1.23 trillion, dropping from N1.28 trillion.
Access Holdings recorded the loss as investors’ confidence in the company slightly declined, leading to the lender’s share price dwindling by 4.14 percent or N1, from N24.10 kobo to N23.1 kobo.
First HoldCo
First HoldCo is the sixth most valuable bank in Nigeria, with a market capitalisation of N1.14 trillion on June 25, falling from N1.18 trillion recorded on January 2.
The N33.50 billion lost in the company’s market capitalisation was driven by a 2.83 percent decline in share price, which fell from N28.20 kobo to N27.4 kobo during the period under review.
Fidelity Bank
Fidelity Bank completed the list with a N1 trillion market capitalisation, which is N150.63 billion higher than the N853.60 billion the company was valued at the start of 2025.
According to data from NGX, Fidelity Bank made it into the trillion-naira bank club thanks to the bullish sentiments among stock market investors, leading to the lender’s share price appreciating by 17.64 percent or N3 from N17 to N20.
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