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                  Six banks rated among 10 largest companies in Nigeria

                  By Ademola Alawiye, Published: Wednesday, 21 Oct 2009

                  Six out of the 21 banks listed on the Nigerian Stock Exchange have been rated among the 10 largest companies in Nigeria

                  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 IBTC Bank.

                  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 report said.

                  “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.

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