Nigerian Banks' Market Capitalisation Reaches N25.6 Trillion

As of July 17, 2026, the market capitalisation of 12 Nigerian banks, including Guarantee Trust Holding Company (GTCO) and Zenith Bank, reached N25.6 trillion, marking a 58.6% increase from N16.12 trillion in December 2025. This growth is linked to reforms by the Central Bank of Nigeria (CBN), which included sector recapitalisation, stabilisation of the foreign exchange market, tightening of monetary policy, and strengthening corporate governance.

GTCO recorded the highest market capitalisation at N4.72 trillion, followed closely by Zenith Bank at N4.68 trillion. Other banks contributing to this total include Access Holdings Plc, First Holdings Plc, and Ecobank Transnational Incorporated.

The overall market capitalisation of the Nigerian Exchange stood at N157.057 trillion. The reforms have spurred demand for bank stocks, with significant stock price increases for several banks, reflecting positive market sentiment towards the banking sector's growth and stability.