Breaking: FBNH’s Market Value Rises to N1 Trillion.

First Bank Limited’s parent company, FBN Holdings, has crossed the N1 trillion market value threshold once more as part of the NGX’s surge.

On January 9, 2024, the stock increased by 10% to settle at N28.60, bringing its market valuation to N1.026 trillion.

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This occurs just one day after the market capitalization of the United Bank for Africa (UBA) surpassed N1 trillion

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This is not the first time First Bank is crossed the N1 trillion market cap, as it crossed the mark on December 6, 2023.

The advancement by First Bank means there are now 10 companies with a market capitalization exceeding N1 trillion in the Nigerian Exchange (NGX).