First HoldCo Plc has made history on the Nigerian Exchange (NGX) as the first Nigerian banking group to cross a market capitalisation of ₦6 trillion. Driven by soaring share prices and strong investor confidence, the milestone underscores a major financial turning point.

Market Highlights and Valuation Record Share Price

The stock touched an all-time high of ₦136.50 during trading before closing at ₦134, retaining a stellar market value of roughly ₦6.09 trillion.

Unprecedented Growth

First HoldCo achieved this feat less than two weeks after hitting the ₦5 trillion threshold, boasting a year-to-date gain of 184.97%.Peer

Comparison

The historic valuation significantly widens the financial giant’s lead over competitors like Zenith Bank and GTCO on the local bourse.

Drivers of the RallyStellar H1 Results:

Profit before tax surged 83.5% year-on-year to ₦653.54 billion, backed by strong gross earnings of ₦1.93 trillion.

Strategic Stake Increase

The Chairman Femi Otedola bolstered market sentiment after expanding his shareholding to 25.88% through Calvados Global Services Limited.

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