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GTCO, Zenith, UBA Lead Charge as Nigeria’s Big Five Banks Near N14 Trillion Market Cap.
Nigeria’s tier-1 banks—GTCO, Zenith Bank, First Holdco, UBA, and Access Holdings—added a combined N778 billion to their market value last week, pushing their total capitalisation to N13.812 trillion as investors stepped up buying activities.
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The capital appreciation recorded by these top lenders buoyed their collective market worth, with GTCO maintaining its position as the most valuable among the tier-1 group, according to trading data analysed by market experts.
GTCO Holds Top Spot with N4.3 Trillion Valuation
GTCO saw its market value climb by N219 billion week-on-week to N4.312 trillion, reinforcing its position as the most valuable lender among Nigeria’s tier-1 banking group.
The sustained buying interest reflects investor confidence in the bank’s earnings outlook and market positioning.
Zenith Bank Gains N209 Billion
Zenith Bank added N209.456 billion over five trading days, with its market capitalisation growing to N3.552 trillion, according to data from the Nigerian Exchange (NGX).
The steady accumulation signals strong institutional and retail interest in the banking heavyweight.
First Holdco Leads Percentage Gains
First Holdco surged by more than 12% last week, recording the highest absolute gain among the tier-1 lenders at N260.054 billion. The momentum pushed its market capitalisation to N2.4 trillion.
As the non-operating holding company of First Bank of Nigeria, First Holdco’s rally underscores renewed investor appetite for banking stocks with strong fundamentals.
UBA Crosses N2.1 Trillion Ahead of Earnings
UBA gained approximately N31 billion as trading activities fluctuated ahead of the group’s earnings release. The Pan-African lender’s soft rally pushed its market value to N2.165 trillion, ranking it fourth among tier-1 banks.
Investors appear to be positioning ahead of anticipated financial results, betting on the bank’s regional footprint and earnings resilience.
Access Holdings Hits N1.38 Trillion
Access Holdings Plc recorded a weekly gain of N58.649 billion, driven by improved investor sentiment. The largest Nigerian lender by total assets experienced moderate but consistent buying interest throughout the week.
At Friday’s close, Access Holdings’ market value stood at N1.38 trillion, contributing to the tier-1 group’s collective rally.
Combined Market Cap Now N13.8 Trillion
In total, Nigeria’s five tier-1 banks gained N778 billion last week amid heated bargain-hunting. They pushed their combined market capitalisation to N13.812 trillion, edging closer to the N14 trillion milestone.
The rally reflects broader investor optimism in the banking sector. Market upbeat is driven by expectations of strong earnings, dividend payouts, and the sector’s resilience amid macroeconomic headwinds.
