21 Companies in Trillion Naira Valuation Club on NGX
BUA Foods Plc was valued at N10.348 trillion in the Nigerian Exchange (NGX) following a bumper earnings performance in the second quarter of 2025. The consumer goods company ranks as the most valuable brand among all listed companies.
Telecommunication company MTN Nigeria, with a total market value of N9.66 trillion, is the second most valuable in the equity market as of Friday. It just lost the NGX leadership baton to BUA Foods.
Dangote Cement Plc is third on the rank, valued at N9.736 trillion after its earnings results. The cement company used to be the most valuable until its share buyback programme reduced its shares outstanding in the market.
Airtel Africa Plc, the falling angel, ranked fourth in the trillion naira club in the stock market with a market value of N8.683 trillion on Friday. The telecom company rarely moves, but when it does, it is fire.
BUA Cement Plc was valued at N5.709 trillion as earnings recovery caught investors’ attention and pushed its market valuation on trajectory. The cement company has seen a strong price uptick amidst earnings recovery. BUA Cement is the second largest brand among the cement oligarchy in the Nigerian market.
GTCO is the first financial services company to become a contender for positions among these category kings. The banking group was valued at N3.642 trillion at the close of the trading session on Friday.
Zenith Bank Plc is a known contender in the local bourse. This Ajose Adeogun-based financial services company is seen as an immediate rival with GTCO. It was valued at N3.065 trillion on Friday.
Geregu Power Plc, backed by billionaire Femi Otedola, has seen a significant rally but missed out on a 26-day rally in the stock market. Geregu Power is worth N2.85 trillion in the equity market as of Friday’s close.
Lafarge Africa, trading under the ticker WAPCO, is the third member of the cement oligarchy in Nigeria. The cement company was valued at N2.343 trillion on Friday after a marginal price decline week on week.
Nigerian Breweries Plc was worth N2.308 trillion on Friday, and it is the first brewer to join the second step among its rivals in the local bourse. The company share price declined as a result of the latest sell pressures.
International Breweries Plc was valued at N2.26 trillion, according to data obtained from the Nigerian Exchange.
Aradel Holdings Plc is worth N2.259 trillion in the stock market. The oil-backed stock has seen significant sell pressure since it became a listed company. The market still looks forward to price appreciation given its rock-solid fundamentals.
Transcorp Power Plc’s market value settled at N2.16 trillion on the Nigerian Exchange as the company missed out on the latest price upticks that persisted in the local bourse for 26 days. The power stock has stabilized as the market muted action.
UBA closed at N1.994 trillion on Friday amidst price fluctuation ahead of its first half of 2025 earnings and dividend information release. The bank share price dipped behind its 52-week high, trading against the momentum in the local bourse.
Transcorp Hotels Plc was valued at N1.685 trillion after two positive price movements registered in the stock market last week. The hospitality stock has been relatively stable with minimal post-earnings reaction in the local bourse.
Stanbic IBTC ended the week at a market value of N1.606 trillion—the most valuable among tier-2 lenders. The bank traded slightly below its highest value in 52 weeks, and its value is already bigger than two Tier-1 banks: Access Holdings and First Holdco.
Nestle Nigeria Plc came behind the tier-2 bank at a market value of N1.5 trillion at the close of trading sessions on Friday. The consumer goods company has gotten some price appreciation as its earnings recovered from the downturn.
Presco Plc is on the list of the market movers, valued at N1.48 trillion. The palm oil company has seen a significant price uptick in the market, supported by its strong earnings play.
Access Holdings Plc joined the list from behind at N1.44 trillion. Nigeria’s largest bank by valuation has seen its price surge marginally in the latest round of sharp rally in the local bourse. Despite its size, some stockbrokers think the group needs a re-rating.
First Holdco, the oldest banking group listed in the local bourse, was valued at N1.38 trillion and missed the opportunity to get re-priced due to buckets of uncertainties and infighting. The market is looking at First Holdco with one eye open and one eye closed after its unimpressive earnings performance in the first half.
Fidelity Bank Plc was valued at N1.059 trillion and traded negatively against the trend in the stock market as investors keep one eye closed and one eye open on the bank after a judgement debt was secured against the financial institution. Sentiment has been negative, as Fidelity Bank has not given notice on the Supreme Court judgement secured against it.
Okomu Oil is the last on the list, valued at N1 trillion on Friday close. The palm oil company saw a mild rally that lifted its market value higher over its positive performance. #21 Companies in Trillion Naira Valuation Club on NGX BUA Foods Hits N10.35trn, Surpasses MTNN, Dangote Cement
