Zenith Bank and GT Bank continues to maintain their places on the list of Nigeria’s most valued banks for January 2022.
In January 2022, Zenith Bank emerged Nigeria’s most valuable commercial bank; as the total worth of all Nigerian banks closing at N194.5 billion.
Guaranty Trust Bank came second, followed by Stanbic IBTC Holdings to round out the top three most valuable banks.
The banks were ranked using data compiled by Nairametrics from the Nigerian Exchange Group (NGX).
The banks’ value was determined using the increased amount of their total share price as of Friday, December 31, 2021.
Also on the list were; Access Bank – N330.6 billion, UBA – N275.3 billion, Union Bank – N171.8 billion, and Fidelity Bank – N73.9 billion.
Nigerian banking sector stocks continues to be among the most actively traded on the Nigerian Exchange. And this influences the performance of the broader market.
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Top banks on market capitalization.
Zenith Bank maintains the top spot with a market capitalization of N817.9 billion, followed by GT Bank at N791.7 billion.
Stanbic IBTC ranks third, with N463.2 billion as of the end of January 2022; and First Bank emerged fourth with N412.8 billion.
Banks with declined value
Adversely, Unity Bank has the smallest market value at N5.96 billion, down N351 million from the previous month.
Jaiz Bank emerged next, valued at N23.5 billion, with an N4.1 billion gain expected in January 2022.
Access Bank is valued at N351.9 billion, UBA at N294.1 billion, Union Bank at N174.7 billion, Fidelity Bank at N81.4 billion, FCMB at N61.9 billion, Sterling Bank at N49.8 billion, and Wema Bank at N33.9 billion.