Major Nigerian Banks Surpass N1 Trillion Market Cap

As of February 17, 2026, Wema Bank, Fidelity Bank, Ecobank Transnational Incorporated, and Dangote Sugar Refinery PLC have each crossed a market capitalization of N1 trillion on the Nigerian Exchange (NGX). Wema Bank's valuation reached N1.09 trillion, with shares trading at N23.95, supported by 40.1 billion outstanding shares.

Fidelity Bank's market capitalization stood at N1.04 trillion, with a share price above N20. Ecobank's valuation was N1.02 trillion, while Dangote Sugar reached N1.01 trillion, with shares advancing to N82.

The banks have shown significant year-to-date gains, with Wema Bank at 15%, Fidelity Bank at 7%, and Dangote Sugar at 28%. Regulatory compliance and successful recapitalization efforts have bolstered investor confidence.

Wema Bank completed its recapitalization ahead of the March 2026 deadline set by the Central Bank of Nigeria (CBN), while Fidelity Bank met its recapitalization threshold. These developments indicate a positive shift in investor sentiment towards large-cap stocks in Nigeria.