16 Nigerian public companies each have over ₦1 trillion in market capitalisation

Key takeaways

  • Airtel Africa leads the Nigerian stock market with a market cap of ₦8.11 trillion naira, followed by Dangote Cement at ₦8.10 trillion and BUA Foods at ₦7.52 trillion.
  • The largest public companies in Nigeria are mostly in financial services, industrial goods and consumer goods.
  • A total of 16 Nigerian public companies have surpassed the ₦1 trillion market cap threshold.
  • The lowest-ranked trillion-naira company, First HolCo, has a ₦1 trillion naira market cap.

Airtel Africa holds the highest market capitalisation among Nigerian public companies, standing at ₦8.11 trillion, with Dangote Cement and BUA Foods following closely behind, reflecting strong dominance in the industrial and consumer goods sectors. MTN Nigeria leads ICT stocks after Airtel, as the only two companies in the sector to make the list. In total, 16 companies have crossed the ₦1 trillion mark, spanning industries like ICT, industrial goods, oil and gas, utilities, banking, and consumer goods, underscoring the influence of key sectors driving Nigeria’s economy.

Source:

Nigerian Exchange Group

Period:

March 12, 2025
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