GTCO and Zenith Bank Drive Market Cap to N22.51 Trillion

As of June 30, 2026, the market capitalization of Guaranty Trust Holding Company PLC (GTCO) and Zenith Bank PLC, along with ten other banks, reached N22.51 trillion, buoyed by the successful implementation of the Central Bank of Nigeria's (CBN) recapitalization program and robust earnings growth. GTCO and Zenith Bank accounted for 15.3% of the Nigerian Exchange's total market capitalization of N147.22 trillion.

GTCO's market capitalization increased to N4.57 trillion, up from N3.3 trillion at the end of 2025, with a share price rise of 37.8% year-to-date. The bank reported a profit before tax of N302.9 billion for the first quarter of 2026, supported by a 17.5% growth in interest income.

Zenith Bank's market value reached N4.52 trillion, with a profit before tax of N360.92 billion for the same period, a 3% increase from the previous year. Other banks, including Stanbic IBTC Holdings PLC and Ecobank, also maintained market capitalizations above N1 trillion.