In the past decade, Nigerian companies have seen their fair share in growth contributing immensely to Nigeria’s annual GDP and reducing the unemployment rate by 12%. Nigeria’s foremost billionaire and Africa’s Richest man Alhaji Aliko Dangote, with his company Dangote group is the most valuable company in Nigeria with a market capitalization of more than ₦3 trillion. His country controls a large market value in the Nigerian Stock Exchange’s ₦11.24 trillion market capitalization.
Here are the lists of 5 most valuable companies in Nigeria
- Dangote Cement – Market Capitalization: ₦3.23 trillion
Dangote Cement is the largest cement producer in Nigeria, it’s a multi-National publicly traded cement manufacturer with it’s headquartering in Lagos, Nigeria. The company was formerly known as Obajana Cement Plc, but in July 2010, they became Dangote cement. The company was incorporated in 1992. Forbes Africa named Dangote Cement as one of the top five listed companies in 2012.
- Nestlé Nigeria – Market Capitalization: ₦1.17 trillion
Nestlé Nigeria also publicly listed on the NSE it’s a food and beverage specialty company, with its majority owned by S.A. of Switzerland. The company was founded in 1961. its main factory is located in Agbara industrial estate, Ogun state. The company’s name was changed to Nestlé Foods Nigeria in 1991 and later became Nestlé Nigeria Plc a decade later.
- Guarantee Trust Bank – Market Capitalization: ₦1.03 trillion
GTB, as it’s fondly called, is a multinational financial institution, which offers online/internet Banking services. They also offer services such as retail and corporate banking, investment banking and asset management. The bank has its headquarters in Victoria Island Lagos. The bank was founded in 1988 but was licensed to provide commercial and other banking services to the Nigerian public in 1990.
- Zenith Bank – Market Capitalization: ₦784.80 billion
The second bank on the list with total assets exceeding ₦4.74 trillion and shareholders’ equity of ₦0.6 trillion. Zenith bank is a licensed commercial bank. This is one of the largest financial service providers in Nigeria and Anglophone West Africa. Zenith Bank was established in May 1990. Zenith Bank is also listed on the NSE.
- Nigerian Breweries – Market Capitalization: ₦639.75 billion
Having the reputation of being the pioneer and largest brewery company in Nigeria. The company is was one of the largest industries within the country in terms of capital investment. Today the company a total 7 brewery stations across the nation, with the Ama brewery as the largest in the country producing over 3 million hectoliters per year.