18 Nigerian Companies Now Valued Above $1 Billion as NGX Records $17.4 Billion Growth in 2025
Story written (by SpringnewsNG Media Limited) August 8,2025
Nigerian Stock Market Surges in 2025: 18 Companies Now Valued Over $1 Billion on NGX
The Nigerian Exchange (NGX) has emerged as one of Africa’s top-performing stock markets in 2025, with its All-Share Index (ASI) rising by an impressive 37.25 percent year-to-date as of August 1. This rally has generated a staggering ₦26.61 trillion in capital gains, pushing total market capitalisation from ₦62.76 trillion in January to ₦89.37 trillion.
In U.S. dollar terms, the NGX gained $17.4 billion, appreciating from $41.84 billion to $58.4 billion, based on an average exchange rate of ₦1,530/$ as of August 1.
A key highlight of this market boom is the significant increase in Nigerian companies crossing the $1 billion market capitalization threshold. At the end of 2024, only 10 companies had achieved this milestone. As of August 1, 2025, that number has surged to 18, reflecting growing investor confidence and strong equity performance.
Top Nigerian Companies with Market Capitalisation Above $1 Billion (as of August 1, 2025):
- MTN Nigeria – $6.6 billion
- Share price hit N480
- Gained 140% year-to-date
- Dangote Cement – $5.8 billion
- Gained 9% in 2025
- BUA Foods – $5.7 billion
- Largest consumer goods stock
- Up 16% YTD
- Airtel Africa – $5.68 billion
- Up 7% YTD
- BUA Cement – $3.3 billion
- Rose 59% in 2025
- GTCO Holdings – $2.4 billion
- Largest bank by market cap
- Stock surged 119% YTD
- Seplat Energy – $2.1 billion
- Down 3% YTD
- Zenith Bank – $2.05 billion
- Grew 120% YTD
- Geregu Power – $1.9 billion
- Slight 1% YTD decline
- Lafarge Africa – $1.6 billion
- Rose 113% YTD
- Transcorp Power – $1.6 billion
- Declined 11% in 2025
- Nigerian Breweries – $1.54 billion
- Up 138% YTD
- International Breweries – $1.52 billion
- Gained 149% in 2025
- Aradel Holdings – $1.48 billion
- Down 13% YTD
- UBA – $1.3 billion
- Rose 74% YTD
- Stanbic IBTC Holdings – $1.05 billion
- Up 115% in 2025
- Presco Plc – $1.01 billion
- Surged 226% YTD
- Transcorp Hotels – $1 billion
- Only hospitality company on the list
- Up 29% YTD
This historic expansion in billion-dollar valuations highlights the deepening strength of Nigeria’s capital markets and increased global investor interest.
The rise in market capitalisation is also attributed to positive sentiment, improved corporate earnings, and robust sectoral growth in banking, telecoms, cement, consumer goods, power, and energy.
Written by SpringnewsNG Media Limited
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