The 2024 Global market capitalisation

  • Apple leads the global market with $3.863 trillion market capitalisation, followed closely by Nvidia at $3.355 trillion and Microsoft at $3.200 trillion.
  • Tesla ($1.385T) remains the most valuable automobile company, far ahead of traditional car manufacturers.
  • The highest-ranked non-tech company, Saudi Aramco, stands at $1.805 trillion.
  • Other trillion-dollar companies span industries such as finance (Berkshire Hathaway – $0.984T) and media (Meta – $1.514T).

The rankings show that while technology companies dominate, industries like energy, finance, media, and automobiles still hold significant market value. The presence of Saudi Aramco, Berkshire Hathaway, Meta, Tesla, and TSMC on the trillion-dollar companies list displays the continued influence of these sectors on the global economy.

Source:

Companies Market Cap

Period:

2024
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Portfolio investment into Nigeria hit a 13-year quarterly high in Q1 2026
  • Portfolio investment into Nigeria reached $9.86 billion in Q1 2026, the highest quarterly level in 51 quarters.
  • The Q1 2026 portfolio inflow was higher than the previous peak of $7.11 billion recorded in Q1 2019.
  • Portfolio investment accounted for 95% of Nigeria’s total capital importation in Q1 2026.
  • Foreign Direct Investment remained low at $135 million, far below portfolio inflows.
  • Other Investment stood at $374 million, making it the second-largest inflow category in Q1 2026.

Three African countries are projected to have debt exceeding their GDP in 2026
  • Sudan is projected to have Africa’s highest debt-to-GDP ratio in 2026, at 169.1%.
  • Only three African countries are projected to owe more than the size of their economies in 2026.
  • Senegal and Mozambique join Sudan among countries with debt-to-GDP ratios above 100%.
  • Africa’s average government debt-to-GDP ratio is projected at 60.7% in 2026.
  • Nigeria’s projected debt-to-GDP ratio of 32.3% is far below the African average.

Every food item tracked has at least doubled in price since May 2023
  • Every comparable food item tracked is now at least twice as expensive as it was in May 2023.
  • Nearly half of the selected food items have more than tripled in price since the month before fuel subsidy removal.
  • Unripe plantain recorded the steepest increase, rising by 469% between May 2023 and April 2026.
  • Ripe plantain, yam tuber, and fresh tilapia also saw extreme increases of more than 300%.
  • Even the slowest-rising staples, including frozen chicken, beans, gari, and maize, still more than doubled in price.

Healthy diet costs rose fastest in Nigeria’s North-West over two years
  • Healthy diet costs rose 49% nationally in two years.
  • North-West states recorded the fastest increases.
  • All seven North-West states rose above the national average.
  • Katsina and Kogi recorded the steepest increases, at 98%.
  • Akwa Ibom had the lowest increase, at 5%.

One adult’s monthly healthy diet takes two-thirds of minimum wage
  • One adult’s healthy diet takes 66% of Nigeria’s minimum wage.
  • The national average monthly cost is about ₦46,230 per adult.
  • Ekiti has the highest burden, at 90% of minimum wage.
  • Six states require over 80% of minimum wage for one adult’s healthy diet.
  • Adamawa has the lowest burden, at 43%.

GTCO turned ₦40 of every ₦100 earned into profit
  • GTCO had the strongest profit conversion in 2025.
  • GTCO turned about ₦40 of every ₦100 earned into profit.
  • Stanbic IBTC followed with about ₦34 profit per ₦100 earned.
  • Zenith made the highest profit, but not the strongest conversion.
  • First HoldCo had the weakest profit conversion among the banks reviewed.
 

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