Metro
FirstHoldCo Becomes First Nigerian Banking Stock To Surpass N6tn Market Value
FirstHoldCo Plc has become the first banking stock listed on the Nigerian Exchange (NGX) to exceed a market capitalisation of N6 trillion, following another surge in its share price during Monday’s trading session. According to data published on the Nigerian Exchange’s official website, the financial services group was valued at……
FirstHoldCo Plc has become the first banking stock listed on the Nigerian Exchange (NGX) to exceed a market capitalisation of N6 trillion, following another surge in its share price during Monday’s trading session.
According to data published on the Nigerian Exchange’s official website, the financial services group was valued at N5.89 trillion at a share price of N129.55 at the close of Friday’s trading before moving past the N6 trillion mark as its stock climbed to N137.2/share as of 10:43am on Monday.
NGX market summary for the last trading day in July showed that Zenith Bank remained the second most valuable banking stock on the exchange with a market capitalisation of N5.07 trillion, followed by Guaranty Trust Holding Company (GTCO) at N4.75 trillion. Stanbic IBTC Holdings came in at N2.53 trillion, United Bank for Africa (UBA) was valued at N1.97 trillion, Ecobank Transnational Incorporated at N1.61 trillion, Fidelity Bank at N1.36 trillion, Access Holdings at N1.43 trillion and Wema Bank at N1.16 trillion.
The latest milestone extends FirstHoldCo’s remarkable performance on the Nigerian bourse in 2026 and comes less than two weeks after the company crossed the N5 trillion market capitalisation threshold for the first time in its history on July 22.
Read Also: NYSC To Deepen Skills, Values Empowerment In Orientation Programme
TVC News Online reports that the latest feat of the company comes a few days after Calvados Global Services Limited, a company tied to billionaire investor and Board Chairman, Mr Olufemi Otedola, acquired a stake in First HoldCo Plc valued at over ₦222.2 billion on the Nigerian Exchange Limited.
According to an official Notification of Share Dealing by an Insider filed on Thursday, July 30, 2026, on the exchange, the transaction involved the purchase of 1,779,094,976 ordinary shares. The shares were bought at a price of ₦124.90 per unit, bringing the total investment to approximately ₦222.208bn.
Earlier on Wednesday, July 22, 2026, Otedola bought N77.589bn worth of First HoldCo shares at N109.88 each.
‘Politics is expensive everywhere’ – Wike replies critics over high billboard cost in Abuja
2027: ‘Peter Obi’s Logic Is Short-Term Turnover Unlike Tinubu Who Thinks Of Next Generation’ – Oshiomhole
“Courts Must Guard Their Independence, Impartiality And Integrity” — NDC Warns After Atiku’s Candidacy Is Nullified
‘He’s closest to Lionel Messi’ – Rashford names player to win more Ballons d’Or than Cristiano Ronaldo
Power Outage: Tegbe assures Nigerians of swift restoration as electricity disruptions hit Lagos, Abuja
Jesus de Miguel’s death: ‘He’d never intentionally hurt anyone’ – Owono’s team-mate defends goalkeeper
“Leadership Must Emerge Through Lawful Process, Not Imposition” — Bala Gombe Commends Justice Lifu Over ADC Judgment
Investigate hijab controversy in Nigerian law schools immediately- MURIC to Council of Legal Education
“Every Item Has Been Recovered” — Viral CCTV Helps Trace Lagos Photographer’s Stolen Equipment As Wedding Files Remain At Risk
US travel ban on Supreme Court Justices based on misinterpreted judgment – Retiring Justice Aji clarifies
“You Acted As A True Statesman During Rivers Crisis” — Fubara Hails Tinubu’s Intervention, Pledges 3m Votes Under APC-PDP Rainbow Coalition
2027: Obi Blows Hot As Thugs Attack NDC Members In Delta
“I Am Cleaning The Mess They Created, Atiku Was One Of Them” — Tinubu Blames Former Leaders For Hunger, Questions Atiku’s University
Tony Elumelu’s daughter bags Oxford MSc
EPL table: Man City suffer shock 3-1 defeat at Nottingham, Arsenal now 6pts clear
“Adeboye Ordered Refund Of Billions In Crime Proceeds Within 24 Hours” — EFCC Chairman Olukoyede Reveals, Warns Churches Against Suspicious Donations
Jigawa, IsDB budget $110m to improve schools, teachers’ development
2027 U-23 AFCONQ: DR Congo coach Bukasa unveils squad for Olympic Eagles clash
Turkey: Orban, Sor on target in Amedspor’s defeat to Galatasaray
Atiku was in charge of economy when he built university – Tinubu
Metro7 days ago“The Election Must Hold As Scheduled” — INEC Chairman Rules Out Postponement Of 2027 General Elections
- Metro7 days ago
“Publishing His Name Is Subject To The Final Outcome Of A Court Order” — INEC Leaves Gwarzo Off Updated Kano Governorship List
- Metro7 days ago
“Sowore’s Whereabouts Remain Unknown” — Armed Men Allegedly Abduct AAC Presidential Candidate In Ado-Ekiti, Damage Vehicles And Restaurant
- Metro7 days ago
“They Beat Me Like A Criminal” — Sowore Recounts Ekiti Attack As Govt Denies Involvement, Calls For Police Investigation
- Metro7 days ago
“21 Exotic Vehicles Affected, No Life Lost” — LASEMA Confirms Lagos Mechanic Workshop Fire, Averts Disaster At Nearby Filling Station
- Viral6 days ago
FLUTTERWAVE’S CYPRUS EXIT: BANK OF CYPRUS OBJECTION TRIGGERS TOTAL WRITE-OFF OF 100% SUBSIDIARY, AUDITED ACCOUNTS REVEAL
- Metro7 days ago
“November 7 Local Government Elections Will No Longer Hold” — Imo Electoral Commission Postpones Poll Indefinitely
- Metro5 days ago
“Nigeria Cannot Afford To Fail In 2027” — UNOWAS Urges Peaceful Elections As NHRC Warns Against Electoral Offences
