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Top 10 Richest And Largest Companies In Nigeria And Their Market Values - Business - Nairaland

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Top 10 Richest And Largest Companies In Nigeria And Their Market Values by tadviner: 6:28pm On Jun 21, 2019
There are many successful firms and corporations in our country. Some of them are valuable not only in Africa but also across the world. Would you like to learn which is the richest company in Nigeria in 2019? We have selected the top companies that are must-know by each citizen.

Being the most populated country in Africa and one of the most populated territories in the world, Nigeria with over 190 million citizens has so many spheres and industries to develop.

Which company is the richest company in Nigeria these days? You can guess the major fields that are the most valuable and bring the most money? They are:

- Oil & gas
- Finances
- Food production
- Agriculture
- Building

Other industries can also make good money. However, banks, oil corporations, and huge building companies are valued the most in the market.

The strength and size of a company can be measured by its market capitalization. The market cap. of a firm also indicates the market value of a company at a particular time. It can rise and fall, based on the performance of the shares of the firm on the stock market. The shares are in turn influenced investors reactions to events and things happenings in the firm.

Nigeria is undeniably one of the most developed countries in Africa. Services take up the largest pie of Nigeria's economy, accounting for about 50 percent of total GDP (2015 GDP amounted to $479bn). The fastest growing sectors within the Services area are Information and Communication. Although Agriculture used to be in the past the strongest sector today it accounts for around 23 percent of Nigeria's GDP.

While being the main exports, Oil & Gas constitute only 11 percent of total GDP. The remaining 16 of GDP is taken up by Industry and Construction sectors.

Despite forecasts of 1.7 percent growth estimated for 2016, the GDP in Nigeria contracted by 0.36 percent year-on-year in the first three months of 2016, compared to a 2.11 percent expansion in the previous period. It is the first contraction since the June quarter of 2004 as the non-oil sector contracted, mainly due to a slowdown in the services sectors due to a weakening Naira while lower oil prices keep dragging the oil sector down. Oil remains Nigeria’s main source of foreign exchange earnings and government financing.

Click link below to find the top 10 richest and largest companies in Nigeria in 2019.

https://rimakitfreelanceblog.quora.com/Top-10-Richest-and-Largest-Companies-in-Nigeria-and-Their-Market-Values?ch=10&share=f9693b4a&srid=usToh

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