FUGAZ an acronym for the five biggest banks in Nigeria by market capitalization appreciated by 0.16% as investors in these banks gain a total of N4.33 billion during the trading week.

After 5 trading days of the week, 2 of the 5 tier-1 Nigerian banks enjoyed positive market sentiments, as United Bank for Africa Plc led the gainers.

According to data from the Nigerian Exchange the market capitalization of the top five banks advanced to N2.63 trillion to appreciate by 0.16% during the week.

– Nairametrics