Nigeria’s league of Stocks Worth Over One Trillion Naira has expanded to 26 companies, with their combined market capitalization climbing to about N110.54 trillion.
This is according to market data from the Nigerian Exchange as of Monday, February 16, 2026.
The surge reflects sustained price rallies across telecoms, banking, consumer goods and industrial stocks, further concentrating market value in a narrow band of blue-chip names.
With total market capitalisation currently at N122.13 trillion, the trillion-naira cohort now controls about 85.5 per cent of overall equity value on the NGX.
Four entities crossed the N1 trillion mark this year, including Fidelity Bank, Wema Bank, Ecobank Transnational Incorporated, and Dangote Sugar Refinery.
MTN Nigeria climbed to about N16.4 trillion after a 52.6 per cent year-to-date gain, overtaking former leaders such as BUA Foods and Dangote Cement.
Banking stocks played a central role in the expansion of the trillion-naira club of equities.
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Fidelity Bank’s share price rose to N21.30, lifting its market capitalisation to about N1.07 trillion, while Wema Bank crossed the threshold after a sustained rally pushed its value to roughly N1.1 trillion.
Analysts note that the strong performance of banking stocks reflects investor positioning ahead of sector recapitalisation dynamics and improved asset quality across lenders.
The SWOOT category has evolved into a benchmark for scale and institutional relevance in Nigeria’s capital market.
Companies crossing the N1 trillion threshold typically demonstrate strong earnings, pricing power and consistent investor demand.
The rapid addition of four new entrants within three months signals renewed confidence in Nigeria’s largest corporates despite macroeconomic headwinds.
Recent regulatory reforms by the National Pension Commission could further support large-cap equities by raising allowable investment limits for pension funds in ordinary shares.
The change could unlock nearly N1 trillion in additional pension-driven capital for equities, with large-cap banking and telecom stocks expected to benefit from the added liquidity.
