Nigeria’s Leading Six Banks Gain ₦1.52 Trillion in One Week On the Nigerian Stock Market
The sudden spike in the Nigerian stock market has resulted in a remarkable milestone as six top-tier Nigerian banks recorded a combined market value gain of ₦1.52 trillion out of the total stock market gain of ₦3.46 trillion within a week, contributing to 14.09% of total market capitalisation of 79.8 trillion naira on Nigerian Exchange Limited(NGX), according to record in July 11,2025
The six-tier Nigerian banks that recorded the ₦1.52 trillion gain include: Guaranty Trust Holding Company (GTCO) (+₦ 397.04 billion), Access Holdings Plc(+₦ 122.63 billion), United Bank for Africa (UBA) Plc (+₦293.43 billion ), Ecobank Transnational Inc.(ETI)-(+₦ 54.13 billion), Zenith Bank Plc (+₦501.05 billion) , leaving approximately ₦153 billion gains attributed to the sixth tier-1 bank, FBN Holdings( First Bank)
The remarkable growth achieved history by pushing the NGX market cap beyond the ₦ 79 trillion threshold. The market value moved from 76.339 trillion Naira to ₦79.8 trillion by July 11, gaining ₦3.46 trillion within a week, which prepares for a robust second half of the year according to analysts.
The Reason for the Boom
According to some experts, this sudden spike in the market value comes majorly as a result of increasing confidence in the banking sectors, and investors repositioning ahead of H1 2025 earnings, strong performance by mid-cap and small-cap stocks.
This has also resulted in increased investors appetite as several prominent banks in the country witnessed a record breaking height in the prices of their shares. This is an historical moment for many.
The momentum continues ? Analysts are positive
According to recent market analysis, with the Nigerian Exchange Limited (NGX), concluding H1 2025 at about 119,978.57 basis points, there has been a year-to-date market record at 16.57%, rising from an opening point of 102, 926.40. The overall market capitalisation also recorded a positive boost jumping from ₦62.763 trillion in January 2025 to ₦75.96 trillion by the end of June 2025. The surge in overall market capitalisation recorded a ₦13.2 trillion increase within six months.
Analysts from Afrinvest Limited are of the belief according to their H2 projection, they forecasted a 30.4% full-year profit. The record gain is based on fiscal reform la, potential new listings, improved FX stability and banking sectors recapitalisation
The Driving Force Behind the Optimism
According to the analysis from CardinalStone, promising days are ahead when there is rising participation from Foreign Portfolio Investors (FPIs) backed by capital repatriation frameworks and better FX clarity. Market optimism is also garnered from favourable macroeconomic shifts, decline in inflation, increased foreign investors, and a stronger GDP performance.
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