BUA Foods Dethrones Dangote Cement as NGX’s Most Valuable Company: Full List of N1 Trillion Giants
BUA Foods has surpassed Dangote Cement to become the most valuable company on the Nigerian Exchange (NGX), with a market valuation of over N1 trillion. This shift in hierarchy was driven by BUA Foods' strong earnings performance, pushing MTN Nigeria into third place.
Despite maintaining investor confidence, MTN Nigeria's market value slipped to N1 trillion. Other top companies on the NGX include GTCO, Zenith Bank, and Access Holdings, all valued at over N1 trillion.
Cement and telecom giants like Lafarge and MTN Nigeria continue to dominate the market, while companies in the financial, energy, and consumer goods sectors are also seeing growth. The resilience of the Nigerian capital market is highlighted by the 21 companies with valuations over N1 trillion, showcasing market maturity and sectoral strength.
Plus234Feed summary based on reporting from Legit NG. Read the original report below.
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