"Artel Nigeria" Telecom tops the 10 largest companies by market value in the country

The telecommunications company “Artel Nigeria” topped the list. List of the largest companies by market capitalization, with a value of 8.10 trillion Nigerian naira (the US dollar equals 1,560 Nigerian naira), and its share price reaching 2,157 naira, as it benefits from increasing digital demand and investments in 4G/5G technologies, supported by foreign exchange reforms. In Nigeria.

The “Business Africa” platform explained: Specialized in African affairs, many Nigerian companies have emerged as the most valuable companies in the country, by demonstrating flexibility and adaptability in the face of adversity, as they operate in various sectors such as manufacturing, banking, communications, oil and gas. 

PUA Foods came in second place. Nigerian food production, processing and distribution company, with its market value in the country reaching 7.47 trillion naira, and its share price reaching 415 naira thanks to the increasing demand for food, benefiting from local manufacturing policies and a diversified production line.

And then comes " "Dangote Ciment" For cement manufacturing with a market value of 6.8 trillion naira, and its share price reaching 400 naira, it dominates infrastructure development through cost-effective operations and regional expansion, then “MTN Group” The mobile phone network, with a market value of 4.9 trillion naira, and the share price recorded 233 naira.

Seplat Energy Company was in the middle of the list. For oil, its market value reached 3.35 trillion naira, and its share price reached 5,700 naira, and “PUA Cement” comes in sixth place. With a market value of 3.2 trillion naira, its share price recorded 93 Nigerian naira.

In seventh place comes “Gerigo Power” company. To generate sustainable energy in Nigeria, it has a market value of 2.9 trillion naira and its share price reached 1,150 naira, while the “Guarantee Trust Holding” group came Banking services are in penultimate place with a market value of 1.7 trillion naira and its share price reaching 58 naira, as the strong banking performance, supported by high interest rates and electronic banking services, also contributed to the growth.

And in ninth place. Zenith Bank came For financial services, it has a market value of 1.5 trillion naira and its share price reached 47 naira. In tenth place was “Transcorp” Hotel Company. The five-star company has a market value of 1.3 trillion naira and a share price of 127 naira.

Although the past year was characterized by major economic challenges, including the high cost of major commodities such as diesel and fuel, as well as the decline in the value of the naira. However, previous Nigerian enterprises have been able to thrive, thanks to a combination of innovation, strategic leadership and a deep understanding of the Nigerian and African markets, according to the “Business” platform. Africa.

Market analysts expect that sustainable growth in these sectors will enhance investor confidence and attract more foreign direct investment to Nigeria, and that these companies showcase Nigeria’s economic strength and growth potential.  

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