16 Nigerian Public Companies Surpass ₦1 Trillion in Market Capitalization

In a remarkable financial milestone, 16 publicly listed Nigerian companies have each surpassed a market capitalization of ₦1 trillion, demonstrating the resilience of the Nigerian Stock Exchange (NSE) and a growing investor confidence in the nation’s economic future.

Leading Companies in Market Capitalization:
1. Airtel Africa: Leading the pack with a market value of approximately ₦8.1 trillion, Airtel Africa’s success is driven by its expansion in digital services and investments in mobile technologies like 4G and 5G.
2. BUA Foods: With a market capitalization of ₦7.5 trillion, BUA Foods dominates Nigeria’s food production sector.
3. Dangote Cement: Valued at ₦6.8 trillion, Dangote Cement remains a major player in the construction industry, benefiting from ongoing national infrastructure projects.
4. GTCO Plc (Guaranty Trust Holding Company): GTCO has a market valuation of ₦1.68 trillion, cementing its leadership in Nigeria’s financial sector.
5. Transcorp Power: Transcorp Power’s valuation of ₦2.74 trillion reflects its vital role in Nigeria’s energy sector.
6. Aradel Holdings: As Nigeria’s largest oil and gas company, Aradel Holdings holds a market capitalization of ₦2.32 trillion.
7. Oando Plc: Oando has crossed the ₦1 trillion market cap, reinforcing its significance in the Nigerian oil and gas industry.
8. Zenith Bank: Zenith Bank continues to lead the banking sector with a market valuation of ₦1.7 trillion.
9. UBA (United Bank for Africa): With a market cap exceeding ₦1 trillion, UBA remains a prominent force in Africa’s banking sector.
10. Seplat Energy: Seplat Energy’s market value has surpassed ₦1 trillion, contributing significantly to Nigeria’s oil and gas landscape.
11. Geregu Power: Geregu Power has reached ₦1 trillion in market capitalization, reflecting its growing impact on Nigeria’s power sector.
12. Nestlé Nigeria: Nestlé Nigeria’s market capitalization surpasses ₦1 trillion, solidifying its leadership in the food and beverage industry.
13. Access Holdings: Access Holdings continues to lead the Nigerian financial services market, valued at over ₦1 trillion.
14. Stanbic IBTC Holdings: Stanbic IBTC’s market cap has exceeded ₦1 trillion, fortifying its position in Nigeria’s banking and financial services sector.
15. Guinness Nigeria: With a market capitalization of over ₦1 trillion, Guinness Nigeria maintains a stronghold in the consumer goods market.
16. TotalEnergies Nigeria: TotalEnergies Nigeria’s market capitalization has surpassed ₦1 trillion, showcasing its ongoing influence in the energy sector.

This impressive achievement underscores the growing strength of Nigerian companies on the global financial stage. The collective market capitalization of these 16 companies plays a pivotal role in the overall valuation of the Nigerian Stock Exchange and further strengthens its position as one of Africa’s leading financial hubs.