As of January 13, seven banks have crossed the N1 trillion market capitalization mark at the close of trading on Tuesday on the Nigerian Exchange Limited.
BusinessDay analysis of NGX banking companies shows that seven of the eleven listed banks that have crossed N1 trillion market capitalization reported a combined amount of N14.5 trillion.
One of the lenders, Ecobank Transnational Incorporated, recently surpassed the figure for the first time this year, followed by GTCO, Zenith Bank, First Holdco, UBA, Stanbic IBTC Holdings and Access Holdings.
Market capitalization is the value of a company traded on the stock market, calculated by multiplying the total number of shares outstanding by the current share price.
In the billionaire club, Stanbic IBTC saw its share price rise 6.9 per cent year-on-year; The bank currently claims a per share price of more than N100. Followed by GTCO with N99.8 share price and Zenith with N68 share price at the close of trading on Tuesday.
GTCO
GTCO is currently the seventh most valuable stock on the NGX, with a market capitalization of N3.62 trillion, accounting for about 3.47 per cent of the NGX equity market.
In the last three months (October 14, 2025 – January 13, 2026). GTCO traded a total of 1.67 billion shares in 82,084 deals, valued at N148 billion in the period, with an average of 26.5 million shares traded per session.
Shareholders can be optimistic about GTCO, knowing that the stock has gained 9 percent over the last four-week period, and is rated as the 86th best on the NGX.
Zenith Bank
Zenith Bank Plc is currently the 10th most valuable stock on the NGX, with a market capitalization of N2.75 trillion, accounting for about 2.63 percent of the NGX equity market.
The bank is the sixth most traded stock on NGX in the last three months. Currently, the share price of the bank stands at N68 per share.
Also Read: Wema, Stanbic Top NGX Banking Stocks in 2025
First Holdco
First Holdco had crossed the N1 trillion mark for the first time on December 6, 2023, after registering a market valuation of N1.05 trillion from N960.19 billion.
As of January 13, the holding company currently has a market capitalization of N2.16 trillion and is the 15th most valuable stock on the NGX.
The holding company traded a total of 1.57 billion shares in 31,052 deals worth N59.3 billion in the period, with an average of 24.9 million shares traded per session.
UBA
Pan-African Financial Services Group has a market capitalization of N1.94 as of January 13 and is currently the 16th most valuable stock on the NGX.
The bank listed its shares on the Nigerian Stock Exchange in 1970, becoming the first Nigerian bank to conduct an IPO.
UBA traded a total of 1.01 billion shares in 66,506 deals worth N40.5 billion during the period, with an average of 16 million shares traded per session.
Stanbic IBTC
Stanbic IBTC Holdings is currently the 18th most valuable stock on the NGX, with a market capitalization of N1.7 trillion, which is about 1.63 per cent of the equity market.
Stanbic traded a total of 371 million shares in 15,723 deals worth N39.4 billion in the period, with an average of 5.89 million shares traded per session.
Access Holdings
Access Holdings Plc is currently the 21st most valuable stock on the NGX with a market capitalization of N1.23 trillion, making up about 1.17 percent of the equity market.
The share price of the holding company is currently N22.95 as on January 13, down 0.2 per cent from N23 per share the previous day.
Access traded a total of 4.67 billion shares in 90,185 deals worth N101 billion during the period, with an average of 74.2 million shares traded per session.
