Four Banks Join N1 Trillion Club on Nigerian Exchange

Wema Bank, Fidelity Bank, Ecobank, and Dangote Sugar Refinery have recently entered the N1 trillion market capitalization club on the Nigerian Exchange (NGX) as of February 17, 2026. Wema Bank's market value stands at N1.09 trillion, Fidelity Bank at N1.04 trillion, Ecobank at N1.02 trillion, and Dangote Sugar at N1.01 trillion.

This increase brings the total number of stocks valued at N1 trillion on the NGX to four as of October 22, 2025. The surge in market capitalization is attributed to a rally in large-cap stocks, with Wema Bank's shares gaining 32% over 15 years, Fidelity Bank 7% over 5 years, Dangote Sugar 28% over 39 months, and Ecobank down 6% over 7 years.

The four companies have posted strong financial results for 2025, contributing to positive market sentiment. Notably, Wema Bank is completing its recapitalization ahead of the Central Bank of Nigeria's March 2026 deadline to enhance its capital base and meet regulatory standards.