₦airaland Forum

frankson1:
The official currency of Nigeria is NAIRA and Nigerians spend in Naira

Okay, we are a developed nation whose scientists have invented nuclear fusion

CyynthiaKiss:
Why not measure in dollars ?

What is this ?

Is the Nigerian official currency in dollars?


What is this

How much is Anambra state’s equity in international breweries based on current valuation?

Kingray10:
This is not an achievement.
One trillion to USD is 725m$.
If company that are worth this is only 24 in Nigeria,then Nigeria is doomed.

Companies LISTED. There are companies that are not listed and are worth more than this. There are so many oil and gas, banks, manufacturing and service companies that are worth more than this.

Is Dangote refinery on the list?

Use your IQ. It’s not for decoration.

We are not babies that you can twist things for.
Quality education no be skaam.

nairalanda1:
Not much of a success.

first a minority of the industries are manufacturing industries. None of them actively exports or earns much in exporting. None of them makes electronics, vehicles, heavy industrial products , energy industry machinery, even batteries and so forth.

One trillion naira is just 700 million dollars. That's not much

The above list shows how much we have failed as a nation that we do not have the kind of industries and companies that actually solve problems. We just dey full ourselves

APC has failed abeg

Na APC go build companies? Ask importers like Peter Obi and his cronies how they destroyed local manufacturing with cheap imports. Now all industrial buildings in Ikeja are just empty of used as church buildings.

DrMB:
Is Nigeria’s economy outperforming its politics, or is the new political landscape driving this growth? 🇳🇬
While the APC has officially secured 100% control across the South-South, North-Central, and North-West zones as of March 2026, the Nigeria Exchange (NGX) is telling an even bigger story. We now have 24 companies worth over N1 Trillion. From Airtel Africa leading at N23.6trn to Wema Bank joining the "Trillionaire Club," the corporate landscape is shifting fast.
With the map turning blue (APC) and the stock market turning green, where do you see the most opportunity for Nigeria in 2026? 👇



Source

Market valuation is not static and can increase or decrease based on the share price as determined by market sentiments.
About 2 years ago, people were shouting and making about Oando when its market valuation hit N1rillion because of the high share price. Today, the share price has reduced and Oando's market value is lower than N1tr

callthefred:
Na APC go build companies? Ask importers like Peter Obi and his cronies how they destroyed local manufacturing with cheap imports. Now all industrial buildings in Ikeja are just empty of used as church buildings.

Okay let's excuse government failure because it's APC in charge.

Yay!

APC government

Afrobasic:
Why not? When you devalue the currency more companies become trillion naira companies.

This is all semantics by the way. Just like saying Zimbabwean companies are septilion Zimbabwean dollar companies.

You can only fool the foolish.

Explain how devaluation has impacted their values. Do they buy and sell in dollars, No. Maybe some assets in dollars. Still they have to import inputs in devalued Naira (1,350 vs 700 3 years ago) which increases their costs.

Accept that these companies are witnessing real growth due to the deregulation of the economy by this government. More investors are therefore buying Nigerian stock markets thereby increasing their value. This is the simple explanation

occam:
Explain how devaluation has impacted their values. Do they buy and sell in dollars, No. Maybe some assets in dollars. Still they have to import inputs in devalued Naira (1,350 vs 700 3 years ago) which increases their costs.

Accept that these companies are witnessing real growth due to the deregulation of the economy by this government. More investors are therefore buying Nigerian stock markets thereby increasing their value. This is the simple explanation

Keep pretending that you do not know how inflation affects the value of a currency. Emilokan economics.

Like I have said, you can only fool the foolish. Have a good day 👍

DrMB:
Is Nigeria’s economy outperforming its politics, or is the new political landscape driving this growth? 🇳🇬
While the APC has officially secured 100% control across the South-South, North-Central, and North-West zones as of March 2026, the Nigeria Exchange (NGX) is telling an even bigger story. We now have 24 companies worth over N1 Trillion. From Airtel Africa leading at N23.6trn to Wema Bank joining the "Trillionaire Club," the corporate landscape is shifting fast.
With the map turning blue (APC) and the stock market turning green, where do you see the most opportunity for Nigeria in 2026? 👇



Source

What is the worth in dollar?

If I kept $1500 in my account before tinubu govt which was around 700k then
From tinubu presidency, that money became 2m plus without doing anything.
I suddenly became a millionaire in naira over night 🤣🤣
Please stop all these propaganda
No magic happened, naira just lost value.
Simple as ABC

occam:
Explain how devaluation has impacted their values. Do they buy and sell in dollars, No. Maybe some assets in dollars. Still they have to import inputs in devalued Naira (1,350 vs 700 3 years ago) which increases their costs.

Accept that these companies are witnessing real growth due to the deregulation of the economy by this government. More investors are therefore buying Nigerian stock markets thereby increasing their value. This is the simple explanation

That is not growth
What is the value of that money?
150k before tinubu has more value than 400k in this Tinubu economy

With 1k dolls, i am a millionaire in naira in Tinubu govt
Quantity without value
Na Zimbabwe economy we dey go so where 5k can't buy bottle of water
Tinubu is a destroyer

potent5:
And how much in dollars? Skewed statistics will ruin every body.

dollars is q380,i kept my 100$for 2 weeks but dollars refused to enter 1400 so I changed it this morning Stop crying and wailing, Nigerian economy is stabilising and nothing u haters say can change it

When adult are discussing, u should keep quiet,read along and learn ...the display of behaviors like this will give u up that u're child and also behaving like one...

Basic123:
Eyeah...Sorry.
My condolences

nairalanda1:
Not much of a success.

first a minority of the industries are manufacturing industries. None of them actively exports or earns much in exporting. None of them makes electronics, vehicles, heavy industrial products , energy industry machinery, even batteries and so forth.

One trillion naira is just 700 million dollars. That's not much

The above list shows how much we have failed as a nation that we do not have the kind of industries and companies that actually solve problems. We just dey full ourselves

APC has failed abeg

Even in $ value the Nigerian stock market has grown tremendously. In 2022 it was valued at $50b (based on the subsidized and corrupted rate of 450)

Today the value is $90b based on market driven rate of 1,350. More investors have confidence in the Nigerian market and buying up the stock.

You guys are sleeping on the Nigerian market due to hatred for Tinubu. Foreign investors see a dynamic market with huge upside growth and putting their money in it

zionstaar75:
dollars is q380,i kept my 100$for 2 weeks but dollars refused to enter 1400 so I changed it this morning Stop crying and wailing, Nigerian economy is stabilising and nothing u haters say can change it

U better go rechange am to dollar back.
Nothing is stabilizing

This is another bad news for the haters of Nigeria.

They are immune to good news.

Only bad news gives them the kick.

Building a country from a near total economic collapse isn't a tea party.

It requires a gradual, painstaking and rigorous process in order to get back on track.

However, Tinubu must continue to formulate policies to make life relatively easy on the people.

On the epileptic supply of electricity across the country, he must confront the monster head-on in order to positively affect the economic and social life of the people.

Just a little positive impact on the lives of Nigerians and everything would turn into praise for him and the APC.

Nigeria can only get better!




@hotseat

Ladies and gents upgrade your CV and try to linkedin to one of these successful enterprises. Don't procrastinate if you know you have the education, brains, energy, and skill-set..

DrMB:
Is Nigeria’s economy outperforming its politics, or is the new political landscape driving this growth? 🇳🇬
While the APC has officially secured 100% control across the South-South, North-Central, and North-West zones as of March 2026, the Nigeria Exchange (NGX) is telling an even bigger story. We now have 24 companies worth over N1 Trillion. From Airtel Africa leading at N23.6trn to Wema Bank joining the "Trillionaire Club," the corporate landscape is shifting fast.
With the map turning blue (APC) and the stock market turning green, where do you see the most opportunity for Nigeria in 2026? 👇



Source

devaluation contributed in no small measure.

Afrobasic:
Why not? When you devalue the currency more companies become trillion naira companies.

This is all semantics by the way. Just like saying Zimbabwean companies are septilion Zimbabwean dollar companies.

You can only fool the foolish.

In May 2023, approximately 12 companies on the Nigerian Exchange (NGX) had a market capitalization exceeding ₦460 billion ($1Billion)

As of March 2026, there are 21 companies on the Nigerian Exchange (NGX) with a market capitalization exceeding ₦1.4 trillion ($1 Billion).

Make of this what you will.

Afrobasic:
Why not? When you devalue the currency more companies become trillion naira companies.

This is all semantics by the way. Just like saying Zimbabwean companies are septilion Zimbabwean dollar companies.

You can only fool the foolish.

When you devalue the currency. The value of businesses go down not up, they are operates in local currency, not foreign currency.

CodeTemplar:
devaluation contributed in no small measure.

That is a pure lie. Devaluation hurt them, a lot of them lost money. Please, these are local companies that operates in Naira, not dollar. Devaluation devalues them for them to have bounced back and this profitable the economy is revamping...

Truth234:
That is a pure lie. Devaluation hurt them, a lot of them lost money. Please, these are local companies that operates in Naira, not dollar. Devaluation devalues them for them to have bounced back and this profitable the economy is revamping...

You are deeply ignorant of the dynamics of money/economics.

More awareness and more people pumping money into the financial markets/ companies especially being an avenue for people who do not have jobs again, or underemployed, retirees( including sacked persons paid gratuities) pumping in their life savings hoping to earn interests.

With commercial papers being sold( apart from other means), these companies earn more and become mega in financial worth.

CodeTemplar:
You are deeply ignorant of the dynamics of money/economics.

Teach me.

What’s difficult to believe here? Okomu Oil has 953.91 million outstanding shares. At N1765 per share, do the maths.

sheedy407:
I don't believe this especially Okomu Palm Oil Company

OredoPikin2:
What is the worth in dollar?

If I kept $1500 in my account before tinubu govt which was around 700k then
From tinubu presidency, that money became 2m plus without doing anything.
I suddenly became a millionaire in naira over night 🤣🤣
Please stop all these propaganda
No magic happened, naira just lost value.
Simple as ABC

The worth in dollar also beats May 2023

nairalanda1:
Not much of a success.

first a minority of the industries are manufacturing industries. None of them actively exports or earns much in exporting. None of them makes electronics, vehicles, heavy industrial products , energy industry machinery, even batteries and so forth.

One trillion naira is just 700 million dollars. That's not much

The above list shows how much we have failed as a nation that we do not have the kind of industries and companies that actually solve problems. We just dey full ourselves

APC has failed abeg

APC has failed …………….way more than PDP did.



I’m almost certain that the 24 leading companies on the NSE were worth more in dollars 11 years ago compared with today.

CodeTemplar:
devaluation contributed in no small measure.

It has beaten devaluation already. Talk another thing.

How is airtel valuation bigger than mtn?

How is bua food bigger than dangote cement

anonimi:
APC has failed …………….way more than PDP did.



I’m almost certain that the 24 leading companies on the NSE were worth more in dollars 11 years ago compared with today.

No they are not. The best we had since 2007 was in 2013 with total market cap at 84 Billion USD. The current market is already around 93 Billion USD.

GeneralDae:
The worth in dollar also beats May 2023

Even u nor believe wetin u type