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First HoldCo has overtaken Zenith Bank to become Nigeria’s most valuable listed bank after its market capitalisation Zenith Bank and GTCO followed closely with market values of N4.79 trillion and N4.71 trillion, respectivelyThe combined market capitalisation of the 11 listed banking institutions on the NGX increased to N25.85 trillion
Legit.ng journalist Dave Ibemere has over a decade of experience in business journalism, with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
First HoldCo Plc, the parent company of First Bank of Nigeria, has emerged as the most valuable banking stock on the Nigerian Exchange (NGX), overtaking Zenith Bank after a strong rally in its share price lifted its market capitalisation to N4.80 trillion.
Data compiled by Legit.ng from NGX trading on Monday showed that First HoldCo displaced Zenith Bank from the top position, while Guaranty Trust Holding Company (GTCO) ranked third.
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