The top 10 banks in Nigeria have been unveiled. The list contains ten of the most valuable commercial banks in Nigeria in 2023 according to the total value of their market capitalization.
Zenith Bank Nigeria leads as the most valuable commercial bank in Nigeria in 2023 with a staggering N767.64 billion in market capitalization.
This is according to data released by the Nigerian Exchange Group (NGX) in January. Zenith’s market cap is the highest among the 13 commercial banks listed on the exchange.
Market capitalization refers to how much a company is worth as determined by the stock market.
Guaranty Trust Bank comes second place with a market capitalization of N706.34 billion followed by Stanbic IBTC Holdings N433.41 billion.
Top 10 Banks In Nigeria – Most Valuable Commercial Banks In 2023:
- Zenith – N767.64bn
- GTB – N706.34bn
- Stanbic – N433.41bn
- First Bank – N400.23bn
- Access – N319.90bn
- UBA – N273.59bn
- Ecobank – N206.43bn
- Union Bank – N202.38bn
- Fidelity – N137.63bn
- FCMB – N73.27bn
- Wema – N50.14bn
- Sterling – N40.30bn
- Unity Bank – N6.42bn