At least 24 companies listed on the Nigerian Exchange Limited have crossed the N1 trillion market capitalisation mark in 2025, highlighting the growing dominance of large corporations in Nigeria’s capital market.
Telecommunications firms dominate the list, with Airtel Africa Plc emerging as the most valuable company on the exchange with a market value of about N23.60 trillion.
It is followed by MTN Nigeria Communications Plc, which has an estimated valuation of N16.31 trillion.
The manufacturing and cement sectors also feature prominently. BUA Foods Plc ranks among the top three companies with a market value of N14.36 trillion, while Dangote Cement Plc and BUA Cement Plc are valued at N13.57 trillion and N8.37 trillion respectively.
In the energy sector, Aradel Holdings Plc and Seplat Energy Plc are valued at N5.82 trillion and N5.07 trillion respectively, while power generation companies such as Geregu Power Plc and Transcorp Power Plc also recorded strong market valuations.
Nigeria’s banking industry maintains a significant presence among the trillion-naira firms.
Leading financial institutions including Guaranty Trust Holding Company Plc, Zenith Bank Plc, First HoldCo Plc, Stanbic IBTC Holdings Plc, United Bank for Africa Plc, Access Holdings Plc, Ecobank Transnational Incorporated and Wema Bank Plc all feature on the list.
Other major firms crossing the trillion-naira mark include Lafarge Africa Plc, Nestlé Nigeria Plc, International Breweries Plc, Presco Plc, Nigerian Breweries Plc, Transcorp Hotels Plc and Okomu Oil Palm Company Plc.
Analysts say the rise in trillion-naira companies reflects sustained investor confidence in Nigeria’s biggest firms, particularly those operating in telecommunications, banking, energy, manufacturing and consumer goods.
List of Nigerian Companies Worth Over N1 Trillion (2025)
Rank Company Market Value
1 Airtel Africa Plc N23.60 trillion
2 MTN Nigeria Communications Plc N16.31 trillion
3 BUA Foods Plc N14.36 trillion
4 Dangote Cement Plc N13.57 trillion
5 BUA Cement Plc N8.37 trillion
6 Aradel Holdings Plc N5.82 trillion
7 Seplat Energy Plc N5.07 trillion
8 Guaranty Trust Holding Company Plc N4.29 trillion
9 Zenith Bank Plc N3.83 trillion
10 Lafarge Africa Plc N3.29 trillion
11 Geregu Power Plc N2.85 trillion
12 Nestlé Nigeria Plc N2.58 trillion
13 International Breweries Plc N2.52 trillion
14 Presco Plc N2.43 trillion
15 Nigerian Breweries Plc N2.42 trillion
16 Transcorp Power Plc N2.30 trillion
17 First HoldCo Plc N2.22 trillion
18 Stanbic IBTC Holdings Plc N2.08 trillion
19 Transcorp Hotels Plc N2.08 trillion
20 United Bank for Africa Plc N2.03 trillion
21 Okomu Oil Palm Company Plc N1.68 trillion
22 Access Holdings Plc N1.29 trillion
23 Ecobank Transnational Incorporated N1.09 trillion
24 Wema Bank Plc N1.03 trillion
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