FirstHoldCo Achieves N6.2 Trillion Market Capitalization

On August 3, 2026, FirstHoldCo Plc set a new record in Nigeria’s banking industry by surpassing a market capitalization of N6 trillion during trading, marking it as the first listed banking group in the country to achieve this milestone. The company's market value reached approximately N6.21 trillion at a share price of N136.50, with around 45.48 billion ordinary shares in issue.

This achievement highlights FirstHoldCo's status as Nigeria’s most valuable publicly quoted banking institution and indicates growing investor confidence in its financial performance, corporate restructuring, and long-term growth prospects. The valuation milestone occurred just two weeks after FirstHoldCo became the first Nigerian banking stock to exceed N5 trillion in market capitalization on July 22, 2026, following the release of strong half-year financial results.

Ike Chioke, Managing Director of Afrinvest West Africa, noted that the rally reflects how institutional investors are rewarding companies with clear strategic direction and improved governance.