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 (NGX: DANGCEM), BUA Foods (NGX: BUAFOODS), and GTCO (NGX: 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.