Nigeria's banking sector continues to showcase resilience and competitiveness, with a total market capitalization of ₦9.3 trillion as at January 21st, 2024. Leading the industry is GTBank, boasting a market value of ₦1.74 trillion and a share price of ₦59. Zenith Bank follows closely with a market value of ₦1.48 trillion and a share price of ₦47.2. Access Bank ranks third at ₦1.29 trillion, while UBA and First Bank are valued at ₦1.16 trillion and ₦1.03 trillion, with share prices of ₦34 and ₦28.7, respectively.
Beyond the top-tier banks, other notable players include Stanbic IBTC, with a market capitalization of ₦770 billion and shares priced at ₦59.5, and Ecobank, valued at ₦558 billion, trading at ₦30.4 per share. Meanwhile, Fidelity Bank, Sterling Bank, Wema Bank, and FCMB Group PLC have market values of ₦578 billion, ₦155 billion, ₦225 billion, and ₦200 billion, respectively.