First Holdco Plc and 11 other Nigerian Exchange (NGX) banks reached a combined market capitalization of N28.4 trillion by August 2026. This represents a N12.3 trillion increase from the N16.12 trillion valuation recorded in December 2025. Strong corporate earnings and rising investor demand fueled this market expansion.
First Holdco emerged as the most capitalized banking stock on the exchange during this period. The company’s share price rose 202.7% year-to-date, climbing to N145 from N47.90 at the end of 2025. Investor share acquisitions and robust half-year 2026 financial results drove this price appreciation.