Nigerian Banks' Recapitalization Drives Market Cap to N16.14tn by 2025

The recapitalization exercise by the Central Bank of Nigeria has led to a significant increase in the market capitalization of 13 Nigerian banks, including Guaranty Trust Holding Company Plc (GTCO), Zenith Bank Plc, and United Bank for Africa Plc (UBA), reaching N16.14 trillion by 2025. This represents an 86.8% surge from N8.64 trillion in 2024.

The market valuation implies that bank stocks now account for approximately 16.23% of the total market capitalization of listed equities on the Nigerian Exchange Group (NGX). Key banks like GTCO, Zenith Bank, and UBA have seen substantial gains in their market capitalization, reflecting a positive trend in the banking sector.