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GTBank Market Cap BIGGER Than Smallest Ten Banks; 15 Banks Trading in Nigeria

On pure market cap on the Nigerian Stock Exchange (NSE), GTBank remains the most dominant financial institution in Nigeria. From Cable data, closing on Dec 31 2018, you can see that GTBank can trade the ten “smallest” banks, based on market cap, with its market cap [sure, deals include premiums; this is pure academic here].

We have 15 banks trading on NSE; GTBank commands 26% of the total bank value, by market cap. GTBank is worth one trillion naira; the smallest bank, Unity Bank, is worth 12.5 billion naira.

RANKBANKSHARE PRICE (N)MARKET CAP (N’BILLION)
1Guaranty Trust Bank (GTB)34.451,001
2Zenith Bank23.05722.12
3Stanbic IBTC47.95491.04
4Ecobank14337.4
5First Bank of Nigeria Holdings7.8285.37
From 1-52,837
6United Bank for Africa (UBA)7.7263.38
7Union Bank of Nigeria5.6231.03
8 Access Bank6.8196.71
9Fidelity Bank2.0358.82
10Sterling Bank1.954.7
11Diamond Bank2.1850.49
12First City Monument Bank1.8937.43
13Wema Bank0.6324.3
14Jaiz Bank0.514.73
15Unity Bank1.0712.51
From 6-15944.1

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