As of January 13, seven banks have crossed the N1 trillion market capitalisation mark at the close of Tuesday’s trading on the Nigerian Exchange Limited.
BusinessDay analysis of the NGX banking companies reveals that out of the eleven listed banks, the seven that have crossed the N1 trillion market capitalisation reported a combined amount of N14.5 trillion.
Ecobank Transnational Incorporated, one of the lenders, recently crossed the mark this year for the first time, followed by GTCO, Zenith Bank, First HoldCo, UBA, Stanbic IBTC Holdings, and Access Holdings.
Market capitalisation is the value of a company traded on the stock market, calculated by multiplying the total number of shares by the present share price.
Across the trillionaire club, Stanbic IBTC reported a 6.9 percent growth year-to-date in its share price; the bank currently boasts of over N100 per share value. Followed by GTCO with an N99.8 share price and Zenith with an N68 share price as of 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, which accounts for approximately 3.47 percent of the NGX equity market.
Over the past three months (Oct 14, 2025 – Jan 13, 2026). GTCO has traded a total volume of 1.67 billion shares, in 82,084 deals, valued at N148 billion over the period, with an average of 26.5 million traded shares per session.
Shareholders can be optimistic about GTCO, knowing the stock has accrued 9 percent over the past four-week period, and it’s rated as the 86th best on NGX.
Zenith Bank
Zenith Bank Plc is currently the 10th most valuable stock on the NGX, with a market capitalisation of N2.75 trillion, which makes up about 2.63 percent of the NGX equity market.
The bank is the sixth most traded stock on the NGX over the past three months. Currently, the bank’s share price stands at N68 per share.
Read also: Wema, Stanbic top NGX banking stocks in 2025
First HoldCo
First HoldCo had crossed the N1 trillion mark on December 6, 2023, for the first time, after recording N1.05 trillion market valuation from N960.19 billion.
As of January 13, the holding company currently has a market capitalisation of N2.16 trillion and is the 15th most valuable stock on the NGX.
The holding company has traded a total volume of 1.57 billion shares in 31,052 deals valued at N59.3 billion over the period, with an average of 24.9 million traded shares per session.
UBA
The pan-African financial services group has a market capitalisation of N1.94 as of January 13th 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 undertake an IPO.
UBA has traded a total volume of 1.01 billion shares in 66,506 deals valued at N40.5 billion over the period, with an average of 16 million traded shares per session.
Stanbic IBTC
Stanbic IBTC Holdings is currently the 18th most valuable stock on the NGX, with a market capitalisation of N1.7 trillion, which makes up about 1.63 percent of the equity market.
Stanbic has traded a total volume of 371 million shares in 15,723 deals valued at N39.4 billion over the period, with an average of 5.89 million traded shares per session.
Access Holdings
Access Holdings Plc is currently the 21st most valuable stock on the NGX with a market capitalisation of N1.23 trillion, which makes up about 1.17 percent of the equity market.
The holding company share price currently stands at N22.95 on January 13, a 0.2 percent decline from the N23 per share the previous day.
Access has traded a total volume of 4.67 billion shares in 90,185 deals valued at N101 billion over the period, with an average of 74.2 million traded shares per session.