These 12 Nigeria Listed Companies Are Worth A Billion Dollars Or More - Business (2)

These 12 Nigeria Listed Companies Are Worth A Billion Dollars Or More - Business (2) - Nairaland

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Re: These 12 Nigeria Listed Companies Are Worth A Billion Dollars Or More by Burshh: 12:47pm On May 15, 2025

Axis313:
Wealth concentrated in the hands of few people.
But the wealth refused to trickle down for the benefits of the common man.

Can't the poor man be determined to also build his own wealth? Shouldn't that be the focus ?

4 Likes

Re: These 12 Nigeria Listed Companies Are Worth A Billion Dollars Or More by Qadaffi2idiamin: 12:56pm On May 15, 2025

These white folks always downgrade African potentials.

They hate your progress. There clime is insanity.

Re: These 12 Nigeria Listed Companies Are Worth A Billion Dollars Or More by Blackdisciple(m): 1:00pm On May 15, 2025

GTB done use people money go on top
Is MTN a Nigerian company??

Re: These 12 Nigeria Listed Companies Are Worth A Billion Dollars Or More by creativejagaban: 1:01pm On May 15, 2025

MCentral:
…debunks Business Insider story

MoneyCentral has been able to identify 12 Nigeria listed companies on the stock exchange (NGX) worth a billion dollar or more in market capitalization.

The firms are diverse and cut across various sectors including: Telecommunications, Industrial Goods, Oil and Gas, Banking and Finance, Consumer Goods and Energy.

The firms with listing on the stock exchange in Lagos Nigeria have market capitalization as at 15th May 2025 of: Airtel Africa with market capitalization of $4.93 billion (N7.9 trillion), Dangote Cement $4.64 billion (N7.42 trillion), BUA Foods $4.23 billion (N6.77 trillion), MTN Nigeria $3.64 billion (N5.83 trillion), Seplat Energy $2.05 billion (N3.289 trillion), Geregu Power $1.78 billion (N2.854 trillion).

Others Nigeria billion dollar companies are: BUA Cement $1.72 billion (N2.753 trillion), Transcorp Power $1.54 billon (N2.464 trillion), Guaranty Trust Holding Company GTCO $1.45 billion (N2.32 trillion), Aradel $1.3 billion (N2.08 trillion), Zenith Bank $1.24 billion (N1.992 trillion) and Nigerian Breweries $1.065 billion (N1.704 trillion).

An exchange rate of USD1 to NGN1,600 was used for the conversion from naira to dollar (see chart below).

https://moneycentral.com.ng//wp-content/uploads/2025/05/NGX-Billions.png

Misleading report debunked

An earlier report by Business Insider Africa had erroneously stated that there was only one Nigerian company valued at $1 billion.

The report quoting Visual Capitalist, said there are 5,522 publicly listed firms globally valued at $1 billion or more.

“The United States leads with a market capitalization of $60.1 trillion and accounts for 1,873 billion-dollar companies—commanding 49% of the global market share,” it said.

The report however conflates private companies (Unicorns) with public ones when it came to Africa.

Even at that Nigeria is known to have several Unicorns (private companies worth $1bn or more) including Flutterwave, Paystack, Interswitch and MoniePoint among others.

The Nigeria Stock Exchange (NGX) has an equity market capitalization of $41.9 billion and has risen 5.96% year-to-date.

https://moneycentral.com.ng/companies/article/these-12-nigeria-listed-companies-are-worth-a-billion-dollars-or-more/

https://moneycentral.com.ng//wp-content/uploads/2023/08/NGX.jpg

The negative people that always want bad news will not be happy with this news grin

1 Like

Re: These 12 Nigeria Listed Companies Are Worth A Billion Dollars Or More by Basicend: 1:01pm On May 15, 2025

DeLaRue:
I told people Gtb was the biggest bank in Nigeria.

Very few branches compared to first bank, Zenith, Access, and UBA, but still makes more profit, pound for pound.

The few people that threatened to close their accounts because a man was arrested the other day would make zero difference to GTB bottom line.

GTB - a very decent bank.

The assets therein are just their stock value.

In terms of total assets, Access and Zentih Banks are rated no. 1 and 2 respectively in Nigeria.

GT Bank ranks 3rd.

GT Bank have lost a lot of momentum since Tayo Aderinoku passed away.

4 Likes 1 Share

Re: These 12 Nigeria Listed Companies Are Worth A Billion Dollars Or More by MCentral(op): 1:11pm On May 15, 2025

OboOlora:

So Avsex Bank isn't even there with all their acquisitions all over Africa

Access Holdings (the parent company of Access Bank) is listed on the NGX.

As of May 15, 2025, Access Holdings had a market capitalisation of N1.136 trillion.

In dollar terms that is equivalent to $710 million. ($1/N1,600).

So yea as of today Access Bank is NOT a billion dollar company, despite their acquisitions all over Africa.

Maybe with time.

Re: These 12 Nigeria Listed Companies Are Worth A Billion Dollars Or More by MCentral(op): 1:16pm On May 15, 2025

SmartPolician:
That article focused on unicorns! I bet most Nigerians don't know what that means.

A unicorn is a relatively new company driven by technology that is worth $1 billions.

Nigeria has 4 unicorns - Andela, OPay, Interswitch and Flutterwave.

Yes, there's nothing wrong with the article. The writer just didn't explain it properly.

No the article was wrong because it stated in the beginning about the market capitalisation of publicly listed companies and companies hosted in particular countries.

That particular article has even been taken down by Business Insider lols.

https://africa.businessinsider.com/local/markets/only-3-african-countries-host-companies-worth-over-dollar1-billion/4ven9t7

Next time they should hire competent people to write their articles and not tarnish Nigeria and Africas image.

As for Unicorns add Moniepoint to the list and Dangote Refinery

2 Likes

Re: These 12 Nigeria Listed Companies Are Worth A Billion Dollars Or More by MCentral(op): 1:19pm On May 15, 2025

Blackdisciple:
GTB done use people money go on top
Is MTN a Nigerian company??

MTN Nigeria is a Nigerian company listed on the Nigerian Stock Exchange. It is 100% exposed to Nigeria as well.

2 Likes

Re: These 12 Nigeria Listed Companies Are Worth A Billion Dollars Or More by Numerouno94(m): 1:21pm On May 15, 2025

HEAVEN4444:
Zenith my bank. Please keep my 200 million with you. I need an to buy lambo

🥱

1 Like

Re: These 12 Nigeria Listed Companies Are Worth A Billion Dollars Or More by zomby(m): 1:29pm On May 15, 2025

richiemcgold:
I've been wondering as well if such report is true. Thanks op for this clarification 👍🫡

it is obvious that the report was put together by a drunk fellow that doesn't want anything great to come out of Nigeria.
MTN shouldn't be on the list.
GTB is missing on the list
ConOil is missing
First bank is missing
Glo is missing and many more..

Yes, our country may still be in the process of getting back to the top, but downgrading Nigeria or Nigerians should not be emboldened.

May God bless Nigeria and all Nigerians!

2 Likes

Re: These 12 Nigeria Listed Companies Are Worth A Billion Dollars Or More by Gboom: 2:10pm On May 15, 2025

Basicend:
The assets therein are just their stock value.

In terms of total assets, Access and Zentih Banks are rated no. 1 and 2 respectively in Nigeria.

GT Bank ranks 3rd.

GT Bank have lost a lot of momentum since Tayo Aderinoku passed away.

Which type of accounting is this? Can you explain

Re: These 12 Nigeria Listed Companies Are Worth A Billion Dollars Or More by Ikaeniyan0: 2:17pm On May 15, 2025

MCentral:
…debunks Business Insider story

MoneyCentral has been able to identify 12 Nigeria listed companies on the stock exchange (NGX) worth a billion dollar or more in market capitalization.

The firms are diverse and cut across various sectors including: Telecommunications, Industrial Goods, Oil and Gas, Banking and Finance, Consumer Goods and Energy.

The firms with listing on the stock exchange in Lagos Nigeria have market capitalization as at 15th May 2025 of: Airtel Africa with market capitalization of $4.93 billion (N7.9 trillion), Dangote Cement $4.64 billion (N7.42 trillion), BUA Foods $4.23 billion (N6.77 trillion), MTN Nigeria $3.64 billion (N5.83 trillion), Seplat Energy $2.05 billion (N3.289 trillion), Geregu Power $1.78 billion (N2.854 trillion).

Others Nigeria billion dollar companies are: BUA Cement $1.72 billion (N2.753 trillion), Transcorp Power $1.54 billon (N2.464 trillion), Guaranty Trust Holding Company GTCO $1.45 billion (N2.32 trillion), Aradel $1.3 billion (N2.08 trillion), Zenith Bank $1.24 billion (N1.992 trillion) and Nigerian Breweries $1.065 billion (N1.704 trillion).

An exchange rate of USD1 to NGN1,600 was used for the conversion from naira to dollar (see chart below).

https://moneycentral.com.ng//wp-content/uploads/2025/05/NGX-Billions.png

Misleading report debunked

An earlier report by Business Insider Africa had erroneously stated that there was only one Nigerian company valued at $1 billion.

The report quoting Visual Capitalist, said there are 5,522 publicly listed firms globally valued at $1 billion or more.

“The United States leads with a market capitalization of $60.1 trillion and accounts for 1,873 billion-dollar companies—commanding 49% of the global market share,” it said.

The report however conflates private companies (Unicorns) with public ones when it came to Africa.

Even at that Nigeria is known to have several Unicorns (private companies worth $1bn or more) including Flutterwave, Paystack, Interswitch and MoniePoint among others.

The Nigeria Stock Exchange (NGX) has an equity market capitalization of $41.9 billion and has risen 5.96% year-to-date.

https://moneycentral.com.ng/companies/article/these-12-nigeria-listed-companies-are-worth-a-billion-dollars-or-more/

https://moneycentral.com.ng//wp-content/uploads/2023/08/NGX.jpg

I was shocked when I saw the report on Visual app abi wetin b their name.

Re: These 12 Nigeria Listed Companies Are Worth A Billion Dollars Or More by Menclothing1: 3:18pm On May 15, 2025

Meti99:
Dangote Refinery is not stated

The day he will quote that company on stock market I will buy it’s so profitable

1 Like

Re: These 12 Nigeria Listed Companies Are Worth A Billion Dollars Or More by HEAVEN4444: 3:24pm On May 15, 2025

🥱[/quote]😅

Re: These 12 Nigeria Listed Companies Are Worth A Billion Dollars Or More by Gboss247(m): 6:00pm On May 15, 2025

zomby:
it is obvious that the report was put together by a drunk fellow that doesn't want anything great to come out of Nigeria.
MTN shouldn't be on the list.
GTB is missing on the list
ConOil is missing
First bank is missing
Glo is missing and many more..

Yes, our country may still be in the process of getting back to the top, but downgrading Nigeria or Nigerians should not be emboldened.

May God bless Nigeria and all Nigerians!

Seriously, First Bank, Globacom, GTbank should be on the list of quoted when they are not quoted.

Re: These 12 Nigeria Listed Companies Are Worth A Billion Dollars Or More by Gboss247(m): 6:07pm On May 15, 2025

Kaa4:
This is under a seriously undervalued currency regime.

Things will get better for NIgeriua in our time

Currency devaluation is a very easy to give but we can't all blind to the fact Nigerian commercial banks have the habits of funding theirs solely by issuing more shares on the stock market which devalues there shares.

Re: These 12 Nigeria Listed Companies Are Worth A Billion Dollars Or More by abbasajao(m): 6:34pm On May 15, 2025

See the worth of GTCO that some persons with insignificant balances want to bring down?

Re: These 12 Nigeria Listed Companies Are Worth A Billion Dollars Or More by abbasajao(m): 6:36pm On May 15, 2025

Gboss247:
Seriously, First Bank, Globacom, GTbank should be on the list of quoted when they are not quoted.

The parent company of GTB is included. GTCO

1 Like

Re: These 12 Nigeria Listed Companies Are Worth A Billion Dollars Or More by ProudlyLagos: 7:05pm On May 15, 2025

DeLaRue:
I told people Gtb was the biggest bank in Nigeria.

Very few branches compared to first bank, Zenith, Access, and UBA, but still makes more profit, pound for pound.

The few people that threatened to close their accounts because a man was arrested the other day would make zero difference to GTB bottom line.

GTB - a very decent bank.

you quite right with your submission,I did my IT at gtbank at Herbet Macaulay way yaba about 10yrs ago….they pioneered the online backing and have a good management team.

Most of the guys that founded access bank today were once part of Gtbank family before they

Re: These 12 Nigeria Listed Companies Are Worth A Billion Dollars Or More by MCentral(op): 7:12pm On May 15, 2025

Gboss247:
Seriously, First Bank, Globacom, GTbank should be on the list of quoted when they are not quoted.

First Bank has a market capitalisation of N1.04 trillion as at May 15th 2025.

That's equivalent to $650 million.

For now only GTB and Zenith BANK have billion dollar valuations among major NigerianBanks.

Glo is probably worth over $1bn (if you compare with MTN Nigeria valuation) but its not listed on the stock exchange to get its real value so its excluded for now.

1 Like 1 Share

Re: These 12 Nigeria Listed Companies Are Worth A Billion Dollars Or More by commoditiesnig(m): 8:23pm On May 15, 2025

Good one.. nice to have several Nig based firms worth over $1b

Nice to see my banks there.. keeping my millies well 😃

2 Likes

Re: These 12 Nigeria Listed Companies Are Worth A Billion Dollars Or More by Konquest: 11:42pm On May 15, 2025

MCentral:
…debunks Business Insider story

MoneyCentral has been able to identify 12 Nigeria listed companies on the stock exchange (NGX) worth a billion dollar or more in market capitalization.

The firms are diverse and cut across various sectors including: Telecommunications, Industrial Goods, Oil and Gas, Banking and Finance, Consumer Goods and Energy.

The firms with listing on the stock exchange in Lagos Nigeria have market capitalization as at 15th May 2025 of: Airtel Africa with market capitalization of $4.93 billion (N7.9 trillion), Dangote Cement $4.64 billion (N7.42 trillion), BUA Foods $4.23 billion (N6.77 trillion), MTN Nigeria $3.64 billion (N5.83 trillion), Seplat Energy $2.05 billion (N3.289 trillion), Geregu Power $1.78 billion (N2.854 trillion).

Others Nigeria billion dollar companies are: BUA Cement $1.72 billion (N2.753 trillion), Transcorp Power $1.54 billon (N2.464 trillion), Guaranty Trust Holding Company GTCO $1.45 billion (N2.32 trillion), Aradel $1.3 billion (N2.08 trillion), Zenith Bank $1.24 billion (N1.992 trillion) and Nigerian Breweries $1.065 billion (N1.704 trillion).

An exchange rate of USD1 to NGN1,600 was used for the conversion from naira to dollar (see chart below).

https://moneycentral.com.ng//wp-content/uploads/2025/05/NGX-Billions.png

Misleading report debunked

An earlier report by Business Insider Africa had erroneously stated that there was only one Nigerian company valued at $1 billion.

The report quoting Visual Capitalist, said there are 5,522 publicly listed firms globally valued at $1 billion or more.

“The United States leads with a market capitalization of $60.1 trillion and accounts for 1,873 billion-dollar companies—commanding 49% of the global market share,” it said.

The report however conflates private companies (Unicorns) with public ones when it came to Africa.

Even at that Nigeria is known to have several Unicorns (private companies worth $1bn or more) including Flutterwave, Paystack, Interswitch and MoniePoint among others.

The Nigeria Stock Exchange (NGX) has an equity market capitalization of $41.9 billion and has risen 5.96% year-to-date.

https://moneycentral.com.ng/companies/article/these-12-nigeria-listed-companies-are-worth-a-billion-dollars-or-more/

https://moneycentral.com.ng//wp-content/uploads/2023/08/NGX.jpg

Re: These 12 Nigeria Listed Companies Are Worth A Billion Dollars Or More by Gboss247(m): 2:51pm On May 16, 2025

MCentral:
First Bank has a market capitalisation of N1.04 trillion as at May 15th 2025.

That's equivalent to $650 million.

For now only GTB and Zenith BANK have billion dollar valuations among major NigerianBanks.

Glo is probably worth over $1bn (if you compare with MTN Nigeria valuation) but its not listed on the stock exchange to get its real value so its excluded for now.

Oga, you need to know the difference between a subsidiary and a parent company.
First Bank (an unlisted company) is a 100% owned subsidiary of First Holdco Plc (a listed company). Gtbank also is a subsidiary of GTCO.
Note the difference!

Re: These 12 Nigeria Listed Companies Are Worth A Billion Dollars Or More by MCentral(op): 3:15pm On May 16, 2025

Gboss247:
Oga, you need to know the difference between a subsidiary and a parent company.
First Bank (an unlisted company) is a 100% owned subsidiary of First Holdco Plc (a listed company). Gtbank also is a subsidiary of GTCO.
Note the difference!

So whats your point?

I know the difference. FirstHoldCo is the owner of FirstBank. Its the listed entity.

All FirstHoldco financial accounts or earnings show the profit from FirstBank and other subsidiaries under it.

Same as GTCO.

The Valuation of FirstHoldCo consisting of FirstBank and other subsidiaries is N1.04 trillion.

If you want a standalone valuation for First bank then it will be less than the N1.04 trillion that the market is paying for FirstHoldCo still as it is a subset of FirstHoldCo.

Same with GTCO.

The point is these companies have transformed into Holing Company structure.

That is what the market recognizes and values.

1 2 Reply

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