Dangote Cement and MTN Nigeria are the two biggest publicly listed company in Nigeria as at October 2021
The two firms are among the five biggest companies in the exclusive club of over N1 trillion market capitalisation
Data from Nigeria Exchange shows as of October 2021, shows there are over 156 listed companies with a total share of over 41 million valued at over 21 trillion.
As of Thursday, October 28, 2021, there are 156 businesses listed on the Nigerian exchange, with five of them worth over a trillion Naira and the other five completing the top ten worth more than N400 billion.
Data from Nigeria Exchange shows as of October 2021, shows there are over 156 listed companies with a total share of over 41 million value at over 21 trillion. The other companies in the top 10 include Guaranty Trust Holding Company Plc, Zenith Bank Plc, Stanbic Ibtc Holdings Plc, FBN Holdings Plc and Nigerian Breweries Plc. Stock traders Credit: Nigerian exchange Source: UGC Dangote Cement Plc
Dangote Cement Plc is currently the most valued company quoted on the exchange and makes up 30% of the total market capitalization of all stocks worth over one trillion.
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The value of Dangote as of Thursday, October 28, 2021, was at N4.76 trillion with a share selling at N280.
According to the companies first six months result, the revenue grew by 57.20% while net income for the period appreciated by 55.48% from N65.55 billion in Q2 2020 to N101.92 billion in 2021. MTN
MTN Nigeria Communications which was listed in 2019 is the second-highest in market value on the Nigerian Exchange Limited (NGX), right after Dangote Cement Plc.
The value of MTN stocks as of Thursday, October 28, stands at 3.542 trillion. For any interested individual looking to get into the company, one share will cost N175.60.In the first six months of 2021, MTN released its Q2 2021 financial result, reflecting a 24.01% growth in revenue for the period, while profit after tax grew by 49.48% from N94.88 billion in Q2 2020 to N141.83 billion in 2021. BUA Cement Plc BUA Cement is the third-largest company on the Nigerian Exchange, a big rival to Dangote in the Cement Industry.According to data from NGX, BUA as of Thursday, October 28, has a market value of N2.438 trillion.The company’s Q2 2021 […]