Eleven Nigerian banks have collectively achieved a market capitalization of N7.90tn, showcasing varying performance across the sector. Zenith Bank PLC leads with a market cap of N1.47tn, driven by a 1.85% increase in its share price, now at N46.85. Guaranty Trust Holding Company PLC follows with a market cap of N1.71tn, despite a slight dip of 0.09% in share value. United Bank for Africa PLC, with a market cap of N1.16tn, also saw a decline of 0.58%, as its shares are priced at N34.00.
Other top performers include FBN Holdings PLC, valued at N1.02tn, though its shares dropped by 5.63% to N28.50. Access Holdings PLC has a market cap of N869.08bn, while Ecobank Transnational Incorporated stands at N557.83bn. Smaller players like Fidelity Bank PLC, Jaiz Bank PLC, and Wema Bank PLC also contributed to the total, with mixed performances in share prices.
This growth marks a significant improvement from the N7.20tn recorded by eight Nigerian banks at the end of December 2024, indicating a net gain of N109.10bn in less than a month. The upward trend highlights resilience in the banking sector despite market fluctuations, as investors remain optimistic about long-term profitability.
