Four Nigerian Banks/Sugar Firm Cross N1 Trillion Market Cap
Wema Bank, Fidelity Bank, Ecobank, and Dangote Sugar Refinery have all crossed the N1 trillion equity-value mark following a share price rally on the Nigerian Exchange. As of 17 February 2026, Wema Bank was valued at N1.09 trillion, Fidelity Bank at N1.04 trillion, Ecobank at N1.02 trillion, and Dangote Sugar at N1.01 trillion. This surge brings the total number of SWOOTs (Stocks Worth Over One Trillion Naira) on the Exchange to 26, up from 22 in October 2025. The rally was driven by strong 2025 financial results: Wema Bank reported 123% profit growth, Ecobank saw 30% pre-tax profit increase, Fidelity Bank's Q3 earnings rose 8%, and Dangote Sugar rebounded from losses to profitability. All four companies have also met Central Bank recapitalisation requirements ahead of the March 2026 deadline. What does this mean for investors? Consider the market trends and company performance before making decisions.