Market Valuation of 11 Nigerian Banks Hits N7.90 Trillion in 2024

Samuel Kwame Boadu3 weeks ago04 mins

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Some of Nigeria’s top banks recorded a collective market cap of N7.90 trillion ($4.97 billion).

Nigerian banks’ operating environments could deteriorate between 2022 and 2023 — Fitch

Nigeria’s top banks recorded a collective market cap of N7.90 trillion ($4.97 billion).
Zenith Bank topped other banks with a market value of N1.47 trillion and shares valued at N46.85.
Guaranty Trust Holding Company PLC recorded a market cap of N1.71 tn with shares priced at N58.00.

This information as seen in the Punch newspaper and sighted by Brand Focus Africa, is according to Prices for Securities Traded on Monday.

The data revealed that Zenith Bank topped other banks with a market value of N1.47 trillion. The bank’s shares are presently valued at N46.85, representing a 1.85% rise.

Following closely behind is Guaranty Trust Holding Company PLC which recorded a market cap of N1.71 tn. Its shares are priced at N58.00, down 0.09 percent.

UBA

With a market cap of, N1.16 trillion, the United Bank for Africa PLC boasts the third-highest figure. The price of its shares has dropped by 0.58 percent to N34.00.

The market capitalization of FBN Holdings PLC stood at N1.02 trillion, and the share price is N28.50, reflecting a 5.63 percent decrease.

With a market valuation of N869.08 billion and shares trading at N24.45, Access Holdings PLC has seen a 0.20 percent fall.

Ecobank [DailyPostNigeria]

The market cap of the pan African bank, Ecobank Transnational Incorporated came in at N557.83 billion, and the share price is N30.40.

Fidelity Bank (PremiumTimes)

Other banks on the list include Fidelity Bank PLC, which is valued at N560.21 billion, with shares priced at N17.50. The bank showed a 0.29 percent drop.

Also, Jaiz Bank PLC, which was mentioned 8th on the list had a market capitalization of N131.54 billion, and its shares are valued at N2.95. It grew by 1.72 percent.

Sterling Financial Holdings PLC’s market capitalization stood at N166.98 billion, with shares trading at N5.80, up 0.52 percent, indicating good growth.