Ten Investors Control 46.18% of NGX Market Capitalization

According to Nairametrics Research, ten investors hold 46.18% of the Nigerian Exchange's (NGX) total market capitalization of N158.33 trillion, with their combined stakes valued at approximately N73.11 trillion. This analysis focused on the shareholding structures of over 100 companies listed on the NGX, identifying ten mega-cap stocks with market capitalizations of at least N5 trillion.

These companies include HBM Nigeria, First HoldCo, Dangote Cement, MTN Nigeria, BUA Cement, BUA Foods, Airtel Africa, Seplat Energy, Aradel Holdings, and Zenith Bank, which together account for 71.37% of the NGX's market capitalization. Major shareholders include Abdul Samad Rabiu of BUA Industries, MTN International (Mauritius), Dangote Industries, Airtel Africa Mauritius, Caricement BV, Femi Otedola, Tony Elumelu through Heirs Energies, Jim Ovia, and Petrolin Ocean Limited.

Notably, Petrolin Ocean Limited holds an 8.30% stake in Aradel Holdings, while Jim Ovia has a 14.13% stake in Zenith Bank.