Six out of the 21 banks listed on the Nigerian Stock
Exchange have been rated among the 10 largest companies
A report by International Corporate Research, titled,
“Stakes 55” listed the banks as First Bank of Nigeria
Plc, Zenith Bank Plc, United Bank for Africa Plc,
Guaranty Trust Bank Plc, Ecobank Nigeria and Stanbic
Nigerian Breweries Plc, however, topped the chart
with a market capitalisation of N415.9bn followed by
First Bank, currently worth N358bn.
Zenith was third with N351.6bn in market value.
“The others that made up the ‘Gold Club’ for this
quarter are UBA, GTBank, Guinness Nigeria Plc, Dangote
Sugar, Ecobank, Nestle Nigeria and Stanbic IBTC,” the
“Stakes 55” is a quarterly release of the largest
companies in Nigeria ranked by market capitalisation. It
profiles the current situation and most recent
happenings in the companies, the position on the
ranking, market capitalisation at the date of review and
the corporate information.