Discover the 20 most valuable companies in Nigeria. When it comes to how valuable a company is, the market value of the company’s stocks on the Stock Exchange is what is considered. These companies’ stocks are the Blue chip stocks as they are called by stock brokers and analysts. Here are the 20 most valuable companies in Nigeria according to their market values on the floor of the Nigerian Stock Exchange.
Cadbury Nigeria Plc – Market Value: 150.3 billion NGN
First from the rear of the 20 most valuable companies in Nigeria is Cadbury Nigeria Plc, one of the largest food beverage and confectionery producers in Nigeria. Cadbury are the producers of Bournvita, Tom-Tom, Buttermint etc.
Union Bank of Nigeria Plc – Market Value: 168.9 billion NGN
Union Bank is one of the oldest financial institutions in Nigeria. A full-service commercial bank, UBN provides services in business banking, personal banking, treasury services, and commercial lending. Although many think Union Bank is one of the old fashioned banks in Nigeria, however they still found their way in the 20 most valuable companies in Nigeria by market value.
Flour Mills of Nigeria Plc – Market Value: 186.1 billion NGN
The 54 year old company is a forerunner in wheat milling in Nigeria. Popularly known for its brand, Golden Penny remains one of the most preferred brands among bakers, confectioneries and consumers in Nigeria. Flour Mills has a milling capacity of over 8000 metric tons per day, which is one of the largest single site mills in the world.
Transcorp Nig Plc– Market Value: 195.5 billion NGN
Transcorp is a leading diversified conglomerate in Nigeria. The company focuses on acquiring and managing strategic businesses for long term shareholder returns and socio-economic impact. Transcorp operates on four strategic sectors: Power, Oil and Gas, Hospitality and Agriculture.
Unilever Nigeria Plc – Market Value: 204.3 billion NGN
Originally known as Lever Brothers Plc, the eighty-year old Unilever has been quoted as a public liability company on the Nigerian Stock Exchange since 1973. The long term success of Unilever Plc is a product of consumer based deep roots in the local culture and markets. Unilever produces food and beverages as well as home and personal care products.
Access Bank Plc – Market Value: 218.5 billion NGN
Access Bank Plc, a full service commercial bank operates through a network of about 366 branches across Nigeria and beyond. Access Bank organizes its main business activities along four customer segments namely: Corporate and Investment Banking, Commercial Banking, Business Banking and Personal and Private Banking.
Forte Oil – Market Value: 222.9 billion NGN
Forte is a foremost indigenous major marketer of refined petroleum products. They are spread across the thirty-six states of Nigeria including the FCT. Forte Oil has over 500 retail outlets in Nigeria and operates majorly in the midstream sector of the oil and gas industry in Nigeria. They also offer a wide range of consumer products from the oil value chain; PMS, diesel, aviation fuel, kerosene, gas and lubricant. Femi Otedola is the chairman of Forte Oil.
UBA Group – Market Value: 253.9 billion NGN
UBA is one of the foremost financial institutions in Nigeria. The bank is spread extensively across Nigeria and the continent of Africa. UBA is poised to facilitating inter and intra African trade and also be the pivot for inflow of investment capital into Africa. The bank is led by Tony Elumelu who is the current Chairman and Philips Oduoza, GMD/CEO.
OANDO – Market Value: 259.4 billion NGN
Oando Plc is one of Africa’s largest integrated solution providers. The OANDO Group comprises six companies providing quality services in Exploration and Production, Energy Services, Gas and Power and Downstream supplies. OANDO Plc is led by Wale Tinubu, the Group Chief Executive.
Stanbic IBTC Holdings Plc– Market Value: 260 billion NGN
Stanbic IBTC Bank is one of the leading financial institutions in Nigeria with a wide range of personal and commercial banking products offered in over 180 branches nationwide. Stanbic is a financial service group which operates with a clear focus on three main business pillars – Corporate and Investment Banking, Personal and Business Banking and Wealth Management.
Ecobank Transnational Incorporated– Market Value: 269.4 billion NGN
Ecobank Transnational Incorporated is an independent regional banking company in West Africa. ETI provides wholesale, retail, investment and transaction banking products and services to government agencies, multinationals, corporate organizations, SMEs and individuals.
Guinness Nigeria– Market Value: 301.8 billion NGN
Guinness Nigeria is an iconic African company renowned internationally for its brands of unmatched quality. Guinness has been on the Nigerian Stock Exchange since 1965. They produce beverages such as Foreign Extra Stout, Malta Guinness, Harp, Smirnoff etc.
LAFARGE WAPCO– Market Value: 333.2 billion NGN
LAFARGE is a global figure in the production of building materials. Owned by the Lafarge Group, Lafarge extracts resources from the earth to make materials. Lafarge is committed to making the best cement and concrete solution available in all parts of Nigeria. Lafarge group are also the owners of AshakaCem Plc and UNICEM Calabar.
SEPLAT Petroleum– Market Value: 387.3 billion NGN
SEPLAT Petroleum Development Company is an indigenous company which is leading many other companies in Nigeria in oil and gas exploration and development. SEPLAT is listed on both the London Stock Exchange and Nigerian Stock Exchange. SEPLAT was formed in 2009 by two Nigerian E & P companies (Shebah E & P and Platform Petroleum Limited).
First Bank Plc– Market Value: 509.1 billion NGN
First Bank as the name implies is the very first in Nigeria. The Bank is still one of the leading financial institutions in Nigeria. First Bank has been ranked among the top 500 most valuable banking brand in the world. Their success is attributed to dynamism, introduction of new products and excellent customer service delivery.
Zenith Bank– Market Value: 786.5 billion NGN
Founded by Jim Ovia in 1990, Zenith Bank is one of the leading financial institutions in Africa. The bank has thrived over the years on its cultures of strong values, brand equity, professionalism and service excellence which have distinguished the bank among its peers.
Guaranty Trust Bank Plc.– Market Value: 852 billion NGN
GT Bank is no doubt one of the financial institutions in Nigeria with the highest customer base. GTB has over 10,000 people in its workforce in Nigeria and other African countries. The corporate banking bias and strong service culture of GTB have been the key factor in the consistent growth of the company.
Nestle Plc.– Market Value: 911.6 billion NGN
Nestle Plc are makers of food and beverage products including Maggi®, Milo®, Golden Morn®, Cerelac® etc. Nestle has two main factories in Nigeria and six others in other West African countries. Beyond West Africa, Nestle is also found in several parts of the world.
Nigerian Breweries– Market Value: 1,300.7 billion NGN
Nigerian Breweries Plc is the pioneer and largest brewing company in Nigeria. Nigeria Breweries has eight operational breweries in different parts of Nigeria where its beverages are produced and distributed to all parts of the country.
Dangote Cement – Market Value: 4,089.7 billion NGN
Dangote cement is the most valuable company in Nigeria. It is a fully integrated cement company, operating in Nigeria and 14 other African countries. Dangote cement is said to be the only Nigerian company on the Forbes Global 2000 companies. Dangote Cement is owned by Dangote Group.