FBN Holdings Emerges as Nigeria’s Most Capitalized Bank

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On Monday, February 25th, 2024, FBN Holdings, Nigeria’s oldest bank, achieved the distinction of becoming the most capitalized bank in Nigeria following the close of trading.

With its share price closing at N34 per share, FBN Holdings surpassed GTCO to claim the title of the largest bank in the country by market capitalization.

The stock commenced trading at N31 per share, experiencing fluctuations throughout the day, reaching a low of N30 per share before concluding at N34 per share. This significant rise in share value propelled FBN Holdings to the forefront of Nigeria’s banking sector.

Moreover, FBNH stock has reclaimed its position among SWOOT and is now counted among the top 10 most capitalized stocks on the NGX, signifying its strong performance and market relevance.

Source: Nairametrics


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