Nigeria’s top five banks that need no introduction have extended their market value due to investors’ position taking in tier-1 stocks. Details gathered by MarketForces Africa showed that the combined market value of the top five banks surged past N6.2 trillion in the local bourse on Friday close. 

Fidelity Bank Plc delivered an impressive performance in the nine months leading up to Q3 2024, marking a transformative period for the tier-2 Nigerian lender. The improved performance has however raised shareholders’ and analysts earnings expectations for financial year 2024.