As the global economy keeps growing, so are companies around the world; Nigerian companies included. In the recent past we have witnessed Nigerian companies rising to the occasion in competing with their counterparts from advanced economies. Some companies have seen their value grow steadily, thereby ranking as the most valued in Nigeria. Market capitalization is the market value of a publicly traded company’s outstanding shares, which is equal to the share price multiplied by the number of shares outstanding.
Here are the top 10 most valuable companies in Nigeria.
|1.||Dangote Cement||$5.19 billion|
|2.||MTN Nigeria||$4.77 billion|
|3.||BUA Cement||$3.11 billion|
|4.||Airtel Africa||$2.92 billion|
|5.||Nestlé Nigeria||$1.71 billion|
|6.||Guaranty Trust Bank||$1.44 billion|
|7.||Zenith Bank||$1.14 billion|
|8.||Seplat Petroleum Development||$758 million|
|9.||Stanbic IBTC Holdings||$711 million|
|10.||Access Bank||$615 million|