GTCO declared N1.22 trillion profit before tax in nine months of 2024, gaining the highest market value in the year under review, followed by Zenith Bank Plc.
Zenith Bank’s market capitalisation closed in 2024 at N1.43 trillion when its stock price closed in 2024 at N45.5 per share, about N6.85per share or 17.7 per cent increase from N38.65 per share when the stock closed in 2023.
United Bank for Africa (UBA) Plc and FBN Holdings Plc joined the top four financial institutions with a market value above N1 trillion.
As UBA’s stock price appreciated by N8.35 per share or 32.6 per cent to close 2024 at N34 per share, its market capitalisation increased to N1.16 trillion as of December 31, 2024.
