The cost of bus fares for intracity journeys rose by 98% after the fuel subsidy removal, with a 39% increase in just 18 months
After the fuel subsidy was removed, the cost of bus fares for intracity journeys rose by 98% between May 2023 and June 2023. In just 18 months, fares increased by 39% significantly affecting commuters.
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.