Lagos and the FCT attracted 98% of Nigeria’s capital imports in Q1 2023
In Q1 2023, eight Nigerian states and the Federal Capital Territory (FCT) received $1.13 billion in capital imports. Lagos State secured $705 million (62%) and the FCT attracted $410 million (36%), adding up to 98%.
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.