Zenith Bank becomes first bank to cross N5trn market cap
Zenith Bank Plc has made history on the Nigerian capital market, crossing the N5 trillion market capitalisation threshold to become the first bank in the country to achieve the milestone—cementing its position as the most valuable banking stock on the Nigerian Exchange Limited (NGX).
The landmark achievement crowns a remarkable rally in the bank’s share price between December 2025 and March 2026, during which the stock surged from N61.80 to an all-time high of N113.30.
As of March 18, 2026, the stock closed at N110.00, representing a gain of over 77per cent in just a few months—one of the strongest performances recorded on the NGX in recent times.
The rally significantly boosted Zenith Bank’s valuation, rising from N2.54 trillion at the end of December 2025 to about N4.5 trillion by mid-March when the share price hit N113.30, and further climbing to approximately N5.04 trillion as the stock advanced to N122.90 on April 15, 2026.
As at close of market of April 20, 2026, Zenith Bank market capitalization rose to ₦5.2 trillion with a share price of ₦127.20.
In one notable session, the stock jumped 7.91% to close at ₦111, marking its biggest single-day gain since February and briefly pushing it ahead of Guaranty Trust Holding Company Plc as Nigeria’s most capitalised bank.
Zenith Bank also joined the elite league of Nigerian banking stocks trading above ₦100 per share, becoming only the second to achieve that feat after GTCO, further underscoring its strong investor appeal.
Market data shows that between mid-December 2025 and mid-March 2026, Zenith Bank ranked among the most actively traded equities on the NGX, recording a total volume of 2.52 billion shares. Its 52-week trading range expanded significantly from N43.00 to N113.30, reflecting heightened investor confidence and sustained demand.
The bullish momentum is underpinned by the bank’s resilient financial performance for the year ended December 31, 2025. Zenith Bank reported gross earnings of N4.19 trillion, representing a six per cent increase from ₦3.97 trillion recorded in 2024.
