After Otedola Emerged Chairman, FBN Holdings Becomes Nigerias Biggest Lender by Market Cap [Video]

• FBN Holdings has recorded a significant milestone to become the most valuable bank in the country
• The company saw its market cap hit N1.2 trillion following a week of steady growth in its share price
• The development occurred after Otedola was appointed to chair the directors’ board of FBN Holdings

Legit.ng journalist Zainab Iwayemi has over three years of experience covering the Economy, Technology, and Capital Market.

The parent company of First Bank, the oldest commercial bank in Nigeria, FBN Holdings, reached its highest valuation to date on Monday, February 26, 2024.

The achievement was documented following a week of steady growth that propelled the value of its shares above N1.2 trillion.

The financial services group now ranks higher than its peer, Guaranty Trust Holding Company, which had previously held the position for some time.

FBN Holdings has benefitted …