GTBank Market Cap BIGGER Than Smallest Ten Banks; 15 Banks Trading in Nigeria

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Segun Agbaje, MD, GTBank
Segun Agbaje, MD, GTBank

Ndubuisi Ekekwe

On pure market cap on the Nigerian Stock Exchange (NSE), GTBank remains the most dominant financial institution in Nigeria. From Cable data, closing on Dec 31 2018, you can see that GTBank can trade the ten “smallest” banks, based on market cap, with its market cap [sure, deals include premiums; this is pure academic here].

We have 15 banks trading on NSE; GTBank commands 26% of the total bank value, by market cap. GTBank is worth one trillion naira; the smallest bank, Unity Bank, is worth 12.5 billion naira.