FirstHoldCo Surpasses N7 Trillion Market Cap Ahead of FTSE Inclusion

FirstHoldCo Plc, the parent company of FirstBank, surpassed a market capitalisation of N7 trillion on September 18, 2026, as its shares increased by 8.1 percent, rising from N148 to N160. This surge lifted its market value to approximately N7.28 trillion, according to data from the Nigerian Exchange Limited.

This milestone reinforces FirstHoldCo's position as the most valuable listed Nigerian bank by market capitalisation, ahead of competitors Zenith Bank and Guaranty Trust Holding Company (GTCO). The share rally occurred just before FirstHoldCo's entry into the FTSE Frontier 50 Index, which will take effect on September 21, 2026.

FTSE Russell included FirstHoldCo among five other Nigerian companies—Zenith Bank, GTCO, MTN Nigeria, Dangote Cement, and Aradel Holdings—in its latest review of the 50-stock frontier-market benchmark. This inclusion marks Nigeria's return to FTSE Russell's Frontier Market classification after a three-year period of being designated Unclassified, enhancing FirstHoldCo's visibility among global investors.