NGX’s $1 Billion Club Grows to 18 as Nigerian Market Booms in 2025
The Nigerian Exchange NGX has seen its $1 billion club expand to 18 companies, solidifying its position as Africa's hottest market in 2025. The NGX Index has experienced significant growth, resulting in a remarkable trillion-dollar capital gain.
The market added billions in value since January, with listed companies boasting a market capitalization of over $1 billion. MTN Nigeria holds the title of the most valuable firm on the NGX with a market cap of $10 billion.
Other notable companies include Dangote Cement, BUA Foods, and GTCO Holdings. The market has shown strong performance across diverse sectors such as telecom, cement, banking, and agriculture, attracting both global and domestic capital.
The expansion of the $1 billion club reflects a booming equity market and renewed investor interest in Nigerian assets.
Plus234Feed summary based on reporting from Legit NG. Read the original report below.
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