Twenty-one companies now boast market valuations above ₦1 trillion on the Nigerian Exchange (NGX), cementing their positions among the market’s elite. The latest valuation rankings show BUA Foods Plc topping the list at ₦10.348 trillion, displacing MTN Nigeria from the number one spot after a stellar Q2 earnings performance.
MTN Nigeria follows closely at ₦9.66 trillion, while Dangote Cement ranks third at ₦9.736 trillion after its share buyback reduced its outstanding shares. Airtel Africa holds the fourth position at ₦8.683 trillion, while BUA Cement rounds off the top five with ₦5.709 trillion, supported by strong earnings recovery.
Among financial institutions, Guaranty Trust Holding Company (GTCO) leads at ₦3.642 trillion, followed by Zenith Bank at ₦3.065 trillion. In the power sector, Geregu Power, backed by billionaire Femi Otedola, is worth ₦2.85 trillion.
Other heavyweights include Lafarge Africa (₦2.343 trillion), Nigerian Breweries (₦2.308 trillion), International Breweries (₦2.26 trillion), Aradel Holdings (₦2.259 trillion), and Transcorp Power (₦2.16 trillion).
UBA closed at ₦1.994 trillion, Transcorp Hotels at ₦1.685 trillion, and Stanbic IBTC at ₦1.606 trillion. Consumer goods giant Nestle Nigeria is valued at ₦1.5 trillion, while agricultural players Presco Plc and Okomu Oil stand at ₦1.48 trillion and ₦1 trillion respectively.
Access Holdings and First Holdco are valued at ₦1.44 trillion and ₦1.38 trillion respectively, while Fidelity Bank rounds off the list at ₦1.059 trillion despite facing legal headwinds.
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