FirstHoldCo Plc has set a new benchmark in Nigeria’s banking industry after its market capitalization surpassed the N6 trillion mark during trading on Monday, August 3, 2026, making it the first listed banking group in the country to achieve the historic milestone.
The feat reinforces the company’s position as Nigeria’s most valuable publicly quoted banking institution and underscores growing investor confidence in its financial performance, corporate restructuring and long-term growth prospects.
At a share price of N136.50, with approximately 45.48 billion ordinary shares in issue, the financial holding company’s market value climbed to about N6.21 trillion during the trading session on the Nigerian Exchange (NGX).
The latest achievement extends an exceptional rally that has seen FirstHoldCo emerge as one of the Nigerian stock market’s best-performing blue-chip stocks in 2026.
The N6 trillion valuation comes barely two weeks after the company became the first Nigerian banking stock to cross the N5 trillion market capitalization threshold.
On July 22, 2026, FirstHoldCo’s shares traded between N112 and N113, pushing its valuation beyond N5 trillion for the first time following the release of impressive half-year financial results that exceeded market expectations.
Managing Director of Afrinvest West Africa, Ike Chioke, said FirstHoldCo’s rally illustrates how institutional investors are rewarding companies with clear strategic direction and improved governance.
