Zenith Bank Surpasses ₦5 Trillion Market Cap in Nigeria

Zenith Bank PLC (NGX: ZENITHBANK) has achieved a significant milestone by surpassing a ₦5 trillion market capitalization, making it Nigeria's most valuable lender. This achievement is attributed to a sustained rally in the bank's shares, which rose by 12.4% midweek, pushing its market capitalization to ₦5.09 trillion and extending gains to ₦5.22 trillion with a share price increase of 12.7%.

Zenith Bank's robust financial performance is highlighted by a profit before tax of ₦1.04 trillion, a net interest income rise of 53% to ₦2.64 trillion, and customer deposits increasing to ₦4.33 trillion. The bank plans to list on the London Stock Exchange in 2027, aiming to enhance access to global capital and support its cross-border banking operations.

Adaora Umeoji, Group Managing Director and CEO, emphasized that this expansion aligns with the bank's long-term strategy to strengthen its global presence and deepen trade links between Africa and Europe.