Nigeria is rated the biggest economy in Africa. The biggest revenue generators for Nigeria economy is crude oil and agricultural produce.
Also, Nigeria’s largest population status in African continent makes it biggest market in Africa and haven for investors.
The most valuable companies in Nigeria are the most capitalized companies in the country.
Most of the companies in this category are mostly found in oil and gas, telecommunications and finances.
The top ten (10) highest valued companies in Nigeria are among numerous other companies listed on Nigeria Stock Exchange (NSE).
It is unfortunate that most governments corporations are yet to be listed on NSE and as such cannot be accurately assessed and valued.
In this article will be rolling out the top valuable companies in Nigeria.
It will be to amazement of many that Dangote Cement is the most valuable company in Nigeria.
Below is the top 10 top valuable and most capitalized companies in Nigeria.
Top 10 Most Valuable Companies In Nigeria
Dangote Cement is the most valuable company in Nigeria.
The company is part of Dangote Group, a Nigerian multinational industrial conglomerate, founded by Aliko Dangote.
Dangote Cement is Africa’s leading cement producer with operations in 10 African countries. Dangote Cement plc is the valued at ₦3.1 trillion.
MTN Nigeria Communication Plc
Telecommunication giant MTN Nigeria comes second in the list of most valued companies in Nigeria with market capitalization of ₦2.4 trillion.
MTN Nigeria has about 58 million subscribers which is about 51% of the market share.
Recently listed on NSE, BUA Cement plc is on the third position of the most valuable companies in Nigeria with a total market capitalization of ₦1.3 trillion.
The Nigeria Cement company knocked off Nestle to come up the list of most valuable companies in Nigeria.
Still On Most Valuable Companies In Nigeria
Airtel Africa Plc
Airtel Africa Plc is one of the most valuable companies in Nigeria.
The telecommunication giant is giving in a good competition with MTN Nigeria largest telecommunications firm. Airtel Africa plc is valued at ₦1.123 trillion.
Nestle Nigeria Plc
Nestle Nigeria Plc is at fifth position of Nigeria most valuable companies in Nigeria with market cap. of ₦1.093 trillion.
On the list of most valuable companies in Nigeria is GTBank.
The top commercial bank is renowned for its technology banking and has market capitalization of ₦781.3 billion.
Another new generation Bank making the list of most valued companies in Nigeria is Zenith Bank.
The top financial institution has market capitalization of ₦546.2 billion.
More On Most Valuable Companies In Nigeria
Nigeria renowned drinks and alcohol production company, Nigeria Breweries is highly valued in Nigeria with market capitalization of ₦439.8 billion.
Stanbic IBTC Holdings Plc
The market values of Stanbic IBTC Holdings Plc is ₦401.8 billion.
Seplat Petroleum Development Company Plc
Seplat, top performing indigenous oil firm in Nigeria is highly valued. It market capitalization is ₦356.01 billion.