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Reading: Nigerian bank achieves market capitalization of over N1trn, following UBA’s lead
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Nigerian bank achieves market capitalization of over N1trn, following UBA’s lead

David Akinyemi
David Akinyemi 18 Views

Access Holdings has achieved a market capitalization of more than N1 trillion.

The company’s share value increased by 8.39 percent to N29.70 at the conclusion of trading on Tuesday, from N27.40 on Monday.

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As a result, Access Holdings’ market value increased from N973.93 billion on Monday to N1.05 trillion.

The event occurred one day after United Bank for Africa’s (UBA) market capitalization increased to N1.02 trillion from N990.07 billion on Friday’s session.

Additionally, FBN Holdings’ market capitalization closed at N1.02 trillion, up from N933.27 billion the day before, when its share price surged from N26 to N28.6.

On December 6, 2023, FBN Holdings achieved its first N1 trillion milestone, recording a market valuation of N1.05 trillion from N960.19 billion.

But the next day, FBN was taken from the trillionaire stock list.

With the performance of Access Holdings and FBN Holdings on Tuesday, the total value of Nigeria’s tier-1 banks has surpassed N1 trillion.

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United Bank for Africa (N1.11 trillion), Zenith Bank (N1.4 trillion), and GTCO (N1.42 trillion) are the other banks on the list.

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