FirstHoldCo shares surged in Lagos trading on Tuesday, pushing the financial services group's market capitalization past the N5 trillion mark.
The valuation milestone underscores the market's positive reception of the company's robust first-half financial results, which were released earlier this week.
FirstHoldCo's shares had already jumped 10% in earlier trading sessions following the initial release of the half-year results.
The rally was driven by a record profit before tax of N653.5 billion for the first half of 2026, alongside gross earnings of N1.93 trillion.
These figures represent a significant operational performance across the group's portfolio, reinforcing its position as a dominant player in the Nigerian financial landscape.
The strong earnings print has validated previous analyst expectations for resilient revenue growth despite broader macroeconomic headwinds.
FirstHoldCo's shares had already jumped 10% in earlier trading sessions following the initial release of the half-year results.