Top 10 Nigerian Banks Hit N24 Trillion in Market Value, Zenith and GTCO Lead
By Aboki Forex —
The combined market capitalisation of Nigeria’s 10 most valuable commercial banks listed on the Nigerian Exchange (NGX) has risen to N24 trillion as of Monday, May 25, 2026. Data compiled by Legit.ng shows that Zenith Bank Plc leads the pack, followed closely by Guaranty Trust Holding Company (GTCO).
Market capitalisation is a company’s net worth based on the stock exchange’s assessment. It is calculated by multiplying the current share price by the total number of outstanding shares.
Top 10 Most Valuable Banks by Market Cap
Zenith Bank Plc tops the list with a market capitalisation of N5.42 trillion and a share price of N131.95. The Tier-1 lender continues to post strong earnings growth, attracting solid investor interest.
GTCO is second with a market cap of N5.28 trillion and a share price of N144.35. The bank remains one of the most active stocks on the exchange as investor appetite stays robust.
First HoldCo comes third at N3.11 trillion, with a share price of N69.95. The stock has seen increased investor interest recently as buyers pick up banking stocks.
Stanbic IBTC holds fourth position with a market capitalisation of N2.77 trillion and a share price of N174.50. The bank commands a strong following from institutional investors.
UBA places fifth at N1.99 trillion, with shares trading at N45.00. The lender attracts both local and foreign investors due to its strong brand presence across Africa.
Fidelity Bank is sixth with a market cap of N1.50 trillion and a share price of N23.75. Demand for mid-tier bank stocks remains strong.
Access Holdings ranks seventh at N1.36 trillion, with a share price of N25.00. The group’s expansion across Africa and its acquisition strategy are key draws for investors.
Wema Bank also has a market cap of N1.36 trillion, with shares trading at N33.95. The bank remains a favourite in the mid-tier segment.
FCMB Group is ninth at N788.16 billion, with a share price of N11.95. Despite a large share base, the stock is valued lower than its peers.
Sterling Financial Holdings rounds out the top 10 at N401.30 billion, with a share price of N7.70. It is the cheapest among the top-listed banks.
Earlier, Legit.ng reported that 30 commercial banks have already met the new minimum capital requirements introduced under the ongoing banking sector recapitalisation programme. The Central Bank of Nigeria’s Acting Director of Corporate Communications, Hakama Sidi Ali, said in a statement that several banks have strengthened their capital base since the policy was introduced in 2024. A total of 33 banks have raised fresh capital through rights issues, initial public offerings, and private placements.